Academic literature on the topic 'Non-bank Financial Institutions'
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Journal articles on the topic "Non-bank Financial Institutions"
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Wimelda, Linda, and Sylvia Veronica Siregar. "The effect of financial institution ownership on firm value." Corporate Ownership and Control 14, no. 2 (2017): 114–22. http://dx.doi.org/10.22495/cocv14i2art11.
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This research aims to examine the effect of financial institution ownership (bank institution and non-bank institution) on firm value and also whether there is a difference of the effect between financial institution ownership in form of bank institution and non-bank institution on firm value. Total observations are 270 listed firms on Indonesia Stock Exchange in 2012-2014, resulting to 809 observations. The result of this research shows that financial institution ownership in the form of bank institution has no influence on firm value while financial institution ownership in the form of non-bank institution has a positive influence on firm value. This research shows that the influence of financial institution ownership in form of non-bank institution is greater than influence of financial institution ownership in form of bank institution on firm value. Regulator of financial institution could create new rules to encourage investment by non-bank institutions in public companies for effective monitoring and increase firm value. This research reveals the effect on financial institution ownership in form of bank and non-bank institution rather than institutional ownership on firm value in Indonesia that has not been discussed by other researches.
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Mody, R. J. "Reforms in Non-bank Financial Intermediaries." Vikalpa: The Journal for Decision Makers 19, no. 4 (October 1994): 41–48. http://dx.doi.org/10.1177/0256090919940404.
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Reforms in the financial sector would mean changes in financial institutions and financial markets. Financial institutions can be classified into banks and non-bank financial intermediaries. In this article, R J Mody focuses on reforms in the area of non-bank financial intermediaries.
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Koch, Sven. "Effects of Shareholder Groups on the Factoring Institutions Profitability: Evidence from Germany." International Journal of Economics and Finance 7, no. 11 (October 27, 2015): 39. http://dx.doi.org/10.5539/ijef.v7n11p39.
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<p>The significant role of trade credit in financing large companies and small and medium-sized enterprises leads to high stocks of account receivables within the balance sheets of German firms. As a result the importance of working capital financing is growing and the demand for accounts receivables financing (factoring) increases. The German factoring industry is dominated by banks. In addition to bank-owned financial institutions, many non-bank financial institutions are represented on the market. In a context of a continuing market consolidation, it is of interest whether there are differences in terms of profitability depending on shareholder groups (financial institution, non-financial institution, non holding). The German factoring market is an extremely growing market with further growth potential in an ongoing market consolidation. A further market consolidation is probable because the administrative expenses of small financial institutions and institutions without any holding are high. However, subsidiaries of a financial holding or non-financial holding show significantly lower administrative expenses. The results show that the profitability of the financial institutions is significantly influenced by the shareholders and the size of the institution. Financial institutions of a financial holding (bank-owned) are significantly less profitable than institutions without any holding or institutions of a non-financial holding. A similar picture emerges in the achieved margins of factors.</p>
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Sakyi, Patience Asamoah, Isaac Ofoeda, Anthony Kyereboah Coleman, and Joshua Yindenaba Abor. "Risk and performance of non-bank financial institutions." International Journal of Financial Services Management 7, no. 1 (2014): 19. http://dx.doi.org/10.1504/ijfsm.2014.062289.
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Ofoeda, Isaac. "Corporate governance and non-bank financial institutions profitability." International Journal of Law and Management 59, no. 6 (November 13, 2017): 854–75. http://dx.doi.org/10.1108/ijlma-05-2016-0052.
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Purpose This study aims to investigate the influence of corporate governance structures of non-bank financial institutions (NBFI) on their profitability. Design/methodology/approach The analysis is performed using data derived from the Bank of Ghana database during a nine-year period, 2006-2014. Correlated panels corrected standard errors model is used to estimate the regression equation. The study uses board size, board independence, gender diversity, CEO duality and tenure and board meetings as proxies for corporate governance. Audit committee size, independence and meetings are used as measures of audit committee activity. The study also uses the return on assets as measures of NBFI profitability. Findings Results of the study show that there exists positive relationship among board size, audit committee size, meetings of the audit committee and profitability. However, board composition, gender diversity, board meetings and audit committee independence show a negative relationship with NBFI performance. From the findings of the study, it is evident that there are mixed results regarding corporate governance mechanisms and profitability of Ghanaian NBFIs. The results imply that the Ghanaian NBFI industry have unique characteristics and may react differently to corporate governance structures. Originality/value The value of this study is in its contribution to the extant literature on corporate governance and profitability of NBFIs.
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Sufian, Fadzlan. "Revenue shifts and non‐bank financial institutions' productivity." Studies in Economics and Finance 25, no. 2 (June 6, 2008): 76–92. http://dx.doi.org/10.1108/10867370810879410.
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Ofoeda, Isaac, Joshua Abor, and Charles K. D. Adjasi. "Non‐bank financial institutions regulation and risk‐taking." Journal of Financial Regulation and Compliance 20, no. 4 (November 9, 2012): 433–50. http://dx.doi.org/10.1108/13581981211279372.
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Johan, Suwinto. "DETERMINANT EFFICIENCY OF FINANCIAL INSTITUTIONS IN EMERGING MARKET." Jurnal Manajemen dan Pemasaran Jasa 12, no. 2 (October 31, 2019): 165. http://dx.doi.org/10.25105/jmpj.v12i2.4658.
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<p>The aim of this research is to analyze the determinants of non-bank financial institution efficiency. The non-bank financial industry is one of the main contributors to Indonesia economic growth during the last 15 years. The non-bank financial industry will the consumer finance company industry. The panel data used in this research is from 2001-2016.The non-bank financial industry is also measured as one the fastest raising industries in the last 16 years. Thesixmain financial ratios and related industry alliance impact the determinants of finance companies’ efficiency. The financial ratios are firm size, capital structure, equity, asset ratio, income to total assets and cost to total assets. The empirical results show that the determinants of non-bank financial institution are income to total assets and cost to total assets. </p>
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Svitlana Mishchenko and Dmytro Dorofeiev. "CHALLANGES OF IMPLEMENTATION THE INNOVATIONS IN THE NON-BANK FINANCIAL SECTOR OF UKRAINE." European Cooperation 3, no. 43 (June 30, 2019): 20–34. http://dx.doi.org/10.32070/ec.v3i43.51.
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The article examines the current state and prospects for the introduction and implementation the innovations in the non-banking financial sector of Ukraine, which is considered as an independent systemic financial innovation in the domestic financial market. On the basis of analysis of the main trends of the non-banking financial sector, four main stages have been identified: 1991-1999 - the period of formation on the basis of the creation of new financial institutions and the use of new financial instruments, operations and technologies; 2000-2008 - the stage of extensive innovative development; 2009-2013 - post-crisis recovery; 2014 and to date - the transition to an intensive use of innovations. The main challenges hampering the implementation of financial innovations include the following ones: insufficient level of capitalization of financial institutions; imperfect legislative and regulatory framework; low level of inclusiveness of financial services; lack of managerial mechanisms for the implementation of financial innovations; insufficient level of supervision of the non-bank financial institution activities in the field of the use of financial innovations. The main types of perspective financial innovations are determined, and it is substantiated that the main directions of solving existing problems are the following: higher capital requirements, solvency and liquidity of financial institutions; ensuring efficient functioning of an extensive network of non-bank financial institutions and stimulating regional diffusion of financial innovations; increasing the level of corporate governance; improving the regulation systems of the non-bank financial institution activities in the field of using financial innovations based on the implementation the best European practices.
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Ikechukwu A., Acha. "Non-Bank Financial Institutions and Economic Development in Nigeria." International Journal of Finance and Accounting 1, no. 2 (August 31, 2012): 14–22. http://dx.doi.org/10.5923/j.ijfa.20120102.03.
Full textDissertations / Theses on the topic "Non-bank Financial Institutions"
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Mawocha, Tineyi Emmanuel. "The disintermediation of commercial banks by non-bank financial institutions in Swaziland." Thesis, Stellenbosch : University of Stellenbosch, 2009. http://hdl.handle.net/10019.1/985.
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Thesis (MDF (Development Finance))--University of Stellenbosch, 2009.ENGLISH ABSTRACT: This research is influenced by and starts from the work carried out by the IMF in Swaziland, wherein they comment about the significant growth in the use of savings and credit co-operatives compared with that of commercial banks. They also report the lack of growth of the financial sector resulting in sluggish economic growth. This report sets out to establish through a survey, the attitude of the Swazi public towards commercial banks, and to establish if indeed there is a deliberate move away from commercial banks to non-bank financial institutions in general. In the process the reasons for migrating from commercial banks are established. In addition, the ultimate use of funds borrowed in general, is also investigated. Specifically for those people who use non-bank financial institutions (NBFIs), the research further probes the uses of such funds, and whether or not such funds are likely to affect economic growth. The survey is augmented by results from questionnaires responded to by selected microfinance institutions (MFIs) as a means of cross-checking and validating results obtained from the public survey. Findings are that in Swaziland, while the growth of savings and credit co-operatives (SACCOs) is acknowledged, there does appear to be a tendency to still use commercial banks by the economically active population. Borrowing tends to be for school fees, followed by the purchase of building materials for constructing rural homes on ancestral land, as well as for personal use and business activities. It also appears that the majority of users of financial intermediaries are civil servants, which comes as no surprise as government is the largest employer. The conclusion is that Swaziland’s problems with sluggish economic growth appear to be from more than a shallow financial sector, but a myriad of other reasons that have not been explored in this study.
AFRIKAANSE OPSOMMING: Die navorsing is gebaseer op die uitkoms van die werk uitgevoer deur die Internasionale Monetêre Fonds (IMF) as vertrekpunt, waarin hulle meer beduidende groei in die gebruik van spaar en krediet-kooperatiewe gevind het in vergelyking met die trae groei in die gebruik van kommersiële banke. In dieselfde verslag haal hulle ook aan dat die gebrek aan voldoende groei in die finansiële sektor onderliggend is aan die stadige ekonomiese groei. Hierdie verslag bepaal deur middel van ‘n opname, die gesindheid van die Swazi-publiek teenoor kommersiële banke om vas te stel of daar ‘n opsetlike voorkeur vir nie-finansiële instellings is, bo kommersiële banke. Die studie ondersoek ook die spesifieke gebruik en toepassing van fondse verkry vanaf nie-finansiële kooperatiewe en of die gebruik daarvan ‘n negatiewe impak op ekonomiese groei het. Die uitkoms van hierdie ondersoek word bevestig deur die bevindinge van vraelyste wat deur geselekteerde mikro-finansiële instellings voltooi is, te vergelyk met die bevindinge van publieke opnames. Die bevindinge vir Swaziland is dat alhoewel daar groei is in die spaar-en krediet-kooperatiewe, daar steeds ‘n tendens onder die ekonomies aktiewe populasie is om gebruik te maak van kommersiële banke. Lenings word hoofsaaklik gebruik vir die befondsing van skoolgelde, daarnaas vir die aankoop van boumateriaal vir die konstruksie van landelike huise in voorvaderlike gebiede wat deur stamleiers toegeken word, sowel as vir persoonlike gebruik en besigheidsfinansiering. Dit wil ook voorkom asof die meerderheid van die leners staatsamptenare is. Dit is te verwagte, aangesien die regering die grootste werkgewer is. Die gevolgtrekking van die ondersoek is dat Swaziland se trae ekonomiese groei meer onderliggende beperkende oorsake het as bloot net die oppervlakkige uitwerking van die (kommersiële) finansiële sektor. Hierdie onderliggende redes word nie verder ondersoek as deel van hierdie studie nie.
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Zeng, Yao. "Essays on the Risks and Real Effects of Non-Bank Financial Institutions." Thesis, Harvard University, 2016. http://nrs.harvard.edu/urn-3:HUL.InstRepos:33493529.
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These essays explore the risks and real effects of various non-bank financial institutions, such as open-end mutual funds, hedge funds, and venture capital. In the first essay, “A Dynamic Theory of Mutual Fund Runs and Liquidity Management,” I show that mutual funds are subject to bank-run-like risks, but the underlying mechanism is different. In the second essay, "Investment Exuberance under Cross Learning,” written with Shiyang Wang, we argue that firm cross learning can lead to inefficient investment exuberance, in which institutional investors’ (like hedge funds) play a key role. In the third essay, “Financing Entrepreneurial Production: Security Design with Flexible Information Acquisition," written with Ming Yang, we explores the optimal security design when the investor (like venture capital) can acquire information to help the entrepreneur make better investment decisions.Economics
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Dietrich, David Roland. "An analysis of bank risk management and its relevance for the non-bank corporate sector." Thesis, Rhodes University, 2007. http://hdl.handle.net/10962/d1002683.
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This thesis, entitled “An analysis of bank risk management and its relevance for the non-bank corporate sector”, investigates the extent to which financial risk management by the banking sector can be applied to the non-bank corporate sector. As banks’ risk management techniques are more sophisticated than those of the non-bank corporate sector we have endeavoured to ascertain the applicability of these established risk management methods to the non-bank corporate sector. The main objectives of this study were to analyse the banking sectors’ risks and management thereof, and compare them to the risks faced by the nonbank corporate sector. This analysis was then used to present a theoretical financial risk management model for the corporate sector. This analysis was conducted using qualitative research. The thesis engaged in an in-depth investigation of financial risk management through a documentary, literature and media analysis. It was elucidated that not all companies face the same financial risks and therefore each company requires its own unique financial risk management model. Furthermore, it was established that there are several risks that both banks and non-bank corporates are subjected to. However, the management of these risks is not necessarily the same for these two types of institutes. This thesis concludes by putting forward a financial risk management model which presents all the possible financial risks that non-bank corporates may face.
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Левченко, В. П. "Антикризові заходи у сфері діяльності небанківських фінансових установ України." Thesis, Українська академія банківської справи Національного банку України, 2010. http://essuir.sumdu.edu.ua/handle/123456789/61678.
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В умовах розвитку кризових явищ в економіці України доцільно
розглянути заходи, що розробляються державними органами влади для
забезпечення стійкості та подальшого розвитку вітчизняного фінансового
ринку.
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McMahon, Craig M. "The regulation and development of the British moneylending and pawnbroking markets, 1870-2016." Thesis, University of Cambridge, 2018. https://www.repository.cam.ac.uk/handle/1810/274564.
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This thesis examines the regulation and development of the moneylending and pawnbroking markets in Britain since the 1870s. The six regulatory episodes examined illustrate how the role of state intervention in these markets has been debated, and how it has evolved. The thesis asks: what were the motivations for reform, which market features were regulators most concerned with, and what were their proposed solutions? It demonstrates how majority and minority viewpoints have informed regulation and documents the often-conflicting expectations of how regulation was meant to influence lending decisions, borrower outcomes and poverty. By identifying the primary motivating factors behind regulation, the study answers why and how some policymakers sought to restrict low-income borrowers from gaining access to credit. It finds that policymakers have shifted their focus from market competition and freedom of consumer choice towards financial inclusion and poverty reduction. The result is a better understanding of the regulation and development of two credit products that were, and remain, vital to the working class. This research shows that the motivations for reform have varied over time. In 1872, 1900, 1927, 2006 and after the Great Recession, policymakers sought to restrict ‘illegitimate, evil and predatory’ small loan lenders, who were accused of exacerbating the conditions of the poor. In 1974, policymakers sought enhanced regulation such as information disclosure to increase market competition and decrease the cost of borrowing. In 2014, the FCA believed that the payday loan market still lacked price competition and implemented price controls as a corrective measure. Less varied were the issues of concern and proposed solutions. This research identifies five main areas of regulatory concern: the high cost of loans, advertising, the use of an annual percentage rate (APR), the legitimacy of moneylenders and pawnbrokers in the financial system and regulatory enforcement. It identifies three main policy responses: price controls, information disclosure and licensing. By analysing the motivations, debated issues and proposed solutions, this research examines wider questions concerning freedom of contract, borrower rationality, bargaining inequity, market segmentation and credit rationing. It contributes to the scholarly and policy dialogue on price controls, information disclosure and the development of non-bank lending. This research also provides new perspectives on the Victorian poverty debate and the modern financial inclusion agenda as they relate to the interaction between regulation, high-cost credit and poverty.
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Лиман, О. В., and М. В. Мозгова. "Легалізація доходів, одержаних злочинним шляхом, через небанківські фінансові установи із залученням коштів та інших доходів громадян." Thesis, Правовий світ, 2016. http://essuir.sumdu.edu.ua/handle/123456789/60188.
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З метою унеможливлення використання злочинцями доходів, отриманих від розкрадання залучених активів громадян, доцільно широко застосовувати заходи своєчасного арешту активів по таких справах.In order to prevent criminals using proceeds from theft of assets involved citizens, appropriate measures widely used timely arrest of assets in such cases.
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Лук’яненко, А. В. "Банківські та небанківські фінансові установи взаємодія та конкуренція." Master's thesis, Сумський державний університет, 2018. http://essuir.sumdu.edu.ua/handle/123456789/71683.
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Сучасне розуміння ролі фінансових установ змінюється. Вони виконують все більше функцій, але при цьому потребують певного рівня включеності всіх верств населення та бізнесу у цей процес. Останні роки в історії відзначилися різким падінням довіри до банківської системи, тотальним зубожінням населення, подальшим зменшенням доступу до фінансування для середніх та малих підприємств. Ці та ще багато ін. чинників вимагають для певного покращення ситуації створення реального конкурентного середовища на фінансовому ринку, фінансової інклюзії населення, в тому числі за рахунок масових освітніх заходів, активного використання Fintech та трансформації правового та регуляторного середовища у даному секторі. Тому обрана тематика дослідження є актуальною та відповідає наявним програмам розвитку фінансового та банківського секторів.Современное понимание роли финансовых учреждений меняется. Они выполняют все больше функций, но при этом требуют определенного уровня включенности всех слоев населения и бизнеса в этот процесс. Последние годы в истории отличились резким падением доверия к банковской системе, тотальным обнищанием населения, дальнейшим уменьшением доступа к финансированию для средних и малых предприятий.Эти и еще много др. факторов требуют для определенного улучшения ситуации создание реальной конкурентной среды на финансовом рынке, финансовой инклюзии населения, в том числе за счет массовых образовательных мероприятий, активного использования Fintech и трансформации правовой и регуляторной среды в данном секторе. Поэтому выбранная тематика исследования актуальна и соответствует имеющимся программам развития финансового и банковского секторов.
Modern understanding of the role of financial institutions is changing. They carry out more and more functions, but at the same time they require a certain level of inclusion of all layers of the population and business in this process. The recent years in history have been marked by a sharp fall in confidence in the banking system, total depopulation of the population, further reduction of access to finance for medium and small enterprises. These and many others. factors require a certain improvement in the situation of creating a real competitive environment in the financial market, financial inclusion of the population, including through mass educational activities, the active use of Fintech and the transformation of the legal and regulatory environment in this sector. Therefore, the chosen topic of research is relevant and corresponds to existing programs of development of the financial and banking sectors.
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Деревянко, Богдан Володимирович, Bogdan Derevyanko, Ксенія Андріївна Писана, and Kseniya Pysana. "Забезпечення інтересів вкладників банківських установ у сучасних українських реаліях." Thesis, Ірпінь: УДФС, 2016. http://dspace.puet.edu.ua/handle/123456789/6662.
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Фундаментальні зміни до Закону України «Про систему гарантування вкладів фізичних осіб» щодо захисту клієнтів банківських установ закріплюють право вимоги до небанківської фінансової установи, що, на нашу думку, суттєво скоротять судові процеси з даних питань з боку осіб, права яких було порушено протизаконною діяльністю банку.
Фундаментальные изменения в Закон Украины «О системе гарантирования вкладов физических лиц» о защите клиентов банковских учреждений закрепляют право требования к небанковскому финансовому учреждению, что, по нашему мнению, существенно сократит судебные процессы по данным вопросам со стороны лиц, права которых были нарушены противозаконной деятельностью банка.
Fundamental changes to the Law of Ukraine "On the system of guaranteeing deposits of individuals" to protect customers of banks recognizing the right requirements for non-bank financial institutions that, in our view, significantly reduce litigation on these issues by individuals whose rights have been violated illegal activities Bank.
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Деревянко, Богдан Володимирович, Богдан Владимирович Деревянко, Bohdan Volodymyrovych Derevianko, Ксенія Андріївна Писана, Ксения Андреевна Писаная, and Kseniya Andriyivna Pysana. "Забезпечення інтересів вкладників банківських установ у сучасних українських реаліях." Thesis, Університет державної фіскальної служби України, 2016. http://essuir.sumdu.edu.ua/handle/123456789/53413.
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Фундаментальні зміни до Закону України «Про систему гарантування вкладів фізичних осіб» щодо захисту клієнтів банківських установ закріплюють право вимоги до небанківської фінансової установи, що, на нашу думку, суттєво скоротять судові процеси з даних питань з боку осіб, права яких було порушено протизаконною діяльністю банку.Фундаментальные изменения в Закон Украины «О системе гарантирования вкладов физических лиц» о защите клиентов банковских учреждений закрепляют право требования к небанковскому финансовому учреждению, что, по нашему мнению, существенно сократит судебные процессы по данным вопросам со стороны лиц, права которых были нарушены противозаконной деятельностью банка.
Fundamental changes to the Law of Ukraine "On the system of guaranteeing deposits of individuals" to protect customers of banks recognizing the right requirements for non-bank financial institutions that, in our view, significantly reduce litigation on these issues by individuals whose rights have been violated illegal activities Bank.
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Sawadogo, Relwendé. "Essais sur les déterminants et les conséquences macroéconomiques du développement du secteur d’assurance dans les pays en développement." Thesis, Clermont-Ferrand 1, 2016. http://www.theses.fr/2016CLF10493/document.
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La présente thèse est composée d’un ensemble de travaux de recherche en économie appliquée qui s’inscrivent dans le champ contemporain de l’économie de l’assurance. La thèse s’interroge sur comment les pays en développement pourraient développer davantage le secteur d’assurance afin de bénéficier des effets sur l’économie domestique. La première partie de la thèse analyse les déterminants macroéconomiques du développement du secteur d’assurance. Premièrement, les résultats montrent que l'augmentation du revenu par habitant conduit à une augmentation des primes d'assurance-vie et l’assurance-vie est un bien de luxe en Afrique Subsaharienne (chapitre 2). On trouve également des preuves que l’impact marginal du revenu dépend de la qualité de l'environnement juridique et politique. Deuxièmement, l’analyse de l’effet des IDE montre que, ceux-ci constituent un facteur clé dans l'augmentation des primes d'assurance non-vie à la fois dans les pays d’Afrique Subsaharienne (ASS) et dans les autres pays en développement (chapitre 3). Troisièmement, les activités d’assurance-vie et bancaire sont substituables en ASS, cependant les résultats indiquent une causalité unidirectionnelle allant du crédit bancaire au secteur privé vers le développement des activités d’assurance-vie (chapitre 4). La deuxième partie de la thèse analyse l’impact du développement du secteur d’assurance sur l’économie des pays en développement. Premièrement, il apparaît que le développement de l'assurance-vie a un effet positif sur la croissance économique dans les pays en développement d'une part et d'autre part, l’effet marginal de l’assurance-vie est influencé par les caractéristiques structurelles des pays (chapitre 5). Les primes d'assurance augmentent de façon significative la valeur des titres négociés sur le marché financier aussi bien avant et après la crise de 2007(chapitre 6). Troisièmement, la thèse a montré qu’il existe une relation à long terme entre le développement de l’assurance non-vie et l’ouverture commerciale et que les primes d'assurance non-vie améliorent l'ouverture au commerce international aussi bien dans les pays en développement que spécifiquement dans les pays à faible et moyen revenu (chapitre 7)This thesis is composed of a set of research in applied economics that enroll in the contemporary field of economics of insurance. The thesis analyses how developing countries could develop more the insurance sector and benefit from these effects on local economy. The first part explored the determinants of insurance development from a macroeconomic perspective. First, the results show that increase of income per capita leads to an increase in life insurance premiums and that life insurance is a luxury commodity in Sub-Saharan Africa (chapter 2). We also find evidence that the marginal impact of income varies according to the quality of legal and political environment. Second, analysis of effect of the FDI inflows shows that these are a key factor in increase of non-life insurance premiums in countries of Sub-Saharan Africa (SSA) and in other developing countries (chapter 3). In chapter 4, the results highlighted that the activities of life insurance and banking are substitutable in SSA and, however, there is presence of unidirectional causality running from real private credit density to life insurance and insurance density. The second part of the thesis has analysed effect of development of insurance sector on economy in developing countries. First, it appears that the development of life insurance has a positive effect on economic growth on the one hand and on the other hand marginal effect of life insurance is influenced by the structural characteristics of countries (chapter 5). In chapter 6, the results showed that the insurance premiums significantly increase stock market value traded, before as well and after the 2007's economic crisis. Finally, the thesis showed that there is a long term relationship between the development of non-life insurance and trade openness and that non-life insurance premiums improve openness to international trade as well in developing countries than specifically in low and middle income countries (chapter 7)
Books on the topic "Non-bank Financial Institutions"
1
J, Curwen Peter, ed. British non-bank financial intermediaries. London: Allen & Unwin, 1987.
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2
Vittas, Dimitri. The role of non-bank financial intermediaries. Washington, DC: World Bank, Development Research Group, 1998.
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3
Choudhury, Toufic Ahmad. Review of non-bank financial sector 2010. Edited by Bāṃlādeśa Inasṭiṭiuṭa aba Byāṃka Myānejameṇṭa. Dhaka: Bangladesh Institute of Bank Management, 2012.
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4
Michael, Pomerleano, and World Bank, eds. The development and regulation of non-bank financial institutions. Washington, D.C: World Bank, 2002.
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5
Sirisena, N. L. An evaluation of the role of non bank financial institutions in Sri Lanka. Colombo: Sri Lanka Economic Association, 1993.
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6
South-East Asian Central Banks. Research and Training Centre, ed. Role of non-bank financial intermediation: Challenges for central banks in the SEACEN countries. Kuala Lumpur, Malaysia: South East Asian Central Banks, Research and Training Centre, 2007.
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7
Ndele, S. M. The effects of non-bank financial intermediaries on demand for money in Kenya. Nairobi: Initiatives Publishers, 1991.
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8
Dave, Seerattan, Eastern Caribbean Currency Union, and Caribbean Centre for Monetary Studies, eds. The regulation of non-bank financial institutions in the Eastern Caribbean Currency Union. St. Augustine, Trinidad: Caribbean Centre for Monetary Studies, 2004.
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9
Orton, Ian. Non-bank banks: A looming menace? : how new playersare changing the financial services industry. Dublin: Lafferty Publications, 1994.
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10
Adhikary, Ganesh P. Non-bank financial institutions (NBFIs): Their impact on the effectiveness of monetary policy in the SEACEN countries. Kuala Lumpur, Malaysia: South East Asian Central Banks, Research and Training Centre, 1989.
Find full textBook chapters on the topic "Non-bank Financial Institutions"
1
Pawley, Michael, David Winstone, and Patrick Bentley. "Non-Bank Financial Intermediaries." In UK Financial Institutions and Markets, 105–36. London: Macmillan Education UK, 1991. http://dx.doi.org/10.1007/978-1-349-21660-4_7.
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Gang, Zeng, and Zheng Chunyan. "Non-bank Financial Institutions and Consumer Finance." In Development of Consumer Finance in East Asia, 117–33. New York: Palgrave Macmillan US, 2017. http://dx.doi.org/10.1057/978-1-137-52418-8_5.
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Girasa, Roy. "Governance of Shadow (Non-Bank) Financial Institutions." In Shadow Banking, 81–124. Cham: Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-33026-6_3.
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Nijs, Luc. "Identifying Non-bank, Non-insurer Global Systemically Important Financial Institutions." In The Handbook of Global Shadow Banking, Volume I, 289–302. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-34743-7_6.
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Gianfrate, Gianfranco, and Gianni Lorenzato. "Stimulating Non-bank Financial Institutions’ Participation in Green Investments." In Handbook of Green Finance, 213–36. Singapore: Springer Singapore, 2019. http://dx.doi.org/10.1007/978-981-13-0227-5_23.
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Gianfrate, Gianfranco, and Gianni Lorenzato. "Stimulating Non-bank Financial Institutions’ Participation in Green Investments." In Handbook of Green Finance, 1–24. Singapore: Springer Singapore, 2019. http://dx.doi.org/10.1007/978-981-10-8710-3_23-1.
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Gianfrate, Gianfranco, and Gianni Lorenzato. "Stimulating Non-bank Financial Institutions’ Participation in Green Investments." In Handbook of Green Finance, 1–24. Singapore: Springer Singapore, 2019. http://dx.doi.org/10.1007/978-981-10-8710-3_23-2.
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Budastra, Iketut. "7. Indonesia: A Regional Development Bank linked with villagebased non-bank financial institutions." In Expanding the Frontier in Rural Finance, 113–32. Rugby, Warwickshire, United Kingdom: Practical Action Publishing, 2008. http://dx.doi.org/10.3362/9781780440798.007.
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"Money Laundering in Non-Bank Financial Institutions (NBFIs)." In Transnational Criminal Organizations, Cybercrime, and Money Laundering. CRC Press, 1998. http://dx.doi.org/10.1201/9781420048728.ch5.
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"Channeling Savings to Investment: The Non-Bank Financial Institutions." In The Heart of Economic Reform, 82–92. Routledge, 2017. http://dx.doi.org/10.4324/9781315186863-18.
Full textConference papers on the topic "Non-bank Financial Institutions"
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Rosmiati, Putri Ayu Pratiwi, and Syahrul Bahari. "Study of Women’s Digital Era in Non-Bank Financial Institutions Development in Kupang City." In International Conference on Applied Science and Technology on Social Science (ICAST-SS 2020). Paris, France: Atlantis Press, 2021. http://dx.doi.org/10.2991/assehr.k.210424.056.
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Sytnik, Maxim M., and Olga S. Miroshnichenko. "Current state and possibilities of development of long-term bank lending to non-financial institutions in Russia." In International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017. Paris, France: Atlantis Press, 2017. http://dx.doi.org/10.2991/ttiess-17.2017.108.
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Ceran, Yunus, Muhammet Bezirci, Mustafa Ay, and Merve Öztürk. "Factoring and Stock Financing in Trade Finance." In International Conference on Eurasian Economies. Eurasian Economists Association, 2018. http://dx.doi.org/10.36880/c10.02203.
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Factoring is a nonbank financial institution which meets the financing needs of the enterprises and minimizes the non-payment risk and stock financing which is based on the bank loans are two alternative financing techniques that enables collateral and collection and financing to SME’s, suppliers and commercial enterprises. These two methods are important in terms of the advantages they provide to vendors and suppliers. Reducing the non-payment risk, securing liquidity to business, minimizing the risk level of sales by making them safer and increasing competition power on the market are among the advantages.
Stock financing is another method which is much more recent than factoring became a current issue in 2000’s and developed to minimize non-payment risk and provide cash flow on the basis of bank loan. In Turkey, this method is only applicable to automotive industry for now. This method emerges as an advantageous method for businesses experiencing difficulties in financing, inability to collect their receivables, and the inability to deplete their inventories. With the stock financing method, car dealers have affordable and easy credit facilities in order to make payments to the main supplier in exchange for their existing inventories.
The aim of this study is to compare factoring and stock financing method and revealing the advantageous and disadvantageous points of two alternative methods.
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Jabid, Abdullah, Johan Fahri, Irfandi Buamonabot, and Muhammad Arilaha. "Relationship Between Job Satisfaction and Positive Affect on Turnover Intention (Study in Non-Bank Financing Institutions in Ternate City, Indonesia." In Proceedings of the 4th International Conference on Accounting, Management, and Economics, ICAME 2019, 25 October 2019, Makassar, Indonesia. EAI, 2020. http://dx.doi.org/10.4108/eai.25-10-2019.2295316.
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Fırat, Emine, and Ekrem Erdem. "Recent Developments in the Banking Sector following the Global Crisis: The Effects of Regulations in the Banking Sector in Turkey." In International Conference on Eurasian Economies. Eurasian Economists Association, 2014. http://dx.doi.org/10.36880/c05.00969.
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Banking sector is susceptible to the social and economic events. With accelerating of the globalization movement in the world, financial crises experienced not only affected one sector, but also showed itself in the world. After financial crises, while banks face to the great hazards, on the other hand, they caught opportunities. For example, the spread of the approach of non-interest banking in the world led Islamic finance sector to grow. The Turkish banking sector, after 2000 November Crisis and 2001February Crisis, also experienced a rapid change process. In the recent years, the structures and banking understandings in the banks in our country changed. In the institutional meaning, a number of innovations, positive or negative, concerning the bank staff and customers, were conducted. As of October 8, 2013, with regulations published in official newspaper, the code on credit cards and banking cards was amended. The regulations conducted, economic and political events engaging in the agenda, and unexpected increase in the exchange rate caused the banks to be influenced and to react rapidly. In our study, the effects of the regulations conducted in the recent times and the economic fluctuations experienced on banking sector were studied. The state of banking sector in Turkey and the regulations conducted in the banking sector were studied in detail, basically using the observation method and by means of examples. As a result in Turkey, in order to provide the economic stability and to be able to sustain it, the banking sector should be powerful.
Reports on the topic "Non-bank Financial Institutions"
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Financial Stability Report - Second Semester of 2020. Banco de la República de Colombia, March 2021. http://dx.doi.org/10.32468/rept-estab-fin.sem2.eng-2020.
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The Colombian financial system has not suffered major structural disruptions during these months of deep economic contraction and has continued to carry out its basic functions as usual, thus facilitating the economy's response to extreme conditions. This is the result of the soundness of financial institutions at the beginning of the crisis, which was reflected in high liquidity and capital adequacy indicators as well as in the timely response of various authorities. Banco de la República lowered its policy interest rates 250 points to 1.75%, the lowest level since the creation of the new independent bank in 1991, and provided ample temporary and permanent liquidity in both pesos and foreign currency. The Office of the Financial Superintendent of Colombia, in turn, adopted prudential measures to facilitate changes in the conditions for loans in effect and temporary rules for rating and loan-loss provisions. Finally, the national government expanded the transfers as well as the guaranteed credit programs for the economy. The supply of real credit (i.e. discounting inflation) in the economy is 4% higher today than it was 12 months ago with especially marked growth in the housing (5.6%) and commercial (4.7%) loan portfolios (2.3% in consumer and -0.1% in microloans), but there have been significant changes over time. During the first few months of the quarantine, firms increased their demands for liquidity sharply while consumers reduced theirs. Since then, the growth of credit to firms has tended to slow down, while consumer and housing credit has grown. The financial system has responded satisfactorily to the changes in the respective demands of each group or sector and loans may grow at high rates in 2021 if GDP grows at rates close to 4.6% as the technical staff at the Bank expects; but the forecasts are highly uncertain. After the strict quarantine implemented by authorities in Colombia, the turmoil seen in March and early April, which was evident in the sudden reddening of macroeconomic variables on the risk heatmap in Graph A,[1] and the drop in crude oil and coal prices (note the high volatility registered in market risk for the region on Graph A) the local financial markets stabilized relatively quickly. Banco de la República’s credible and sustained policy response played a decisive role in this stabilization in terms of liquidity provision through a sharp expansion of repo operations (and changes in amounts, terms, counterparties, and eligible instruments), the purchases of public and private debt, and the reduction in bank reserve requirements. In this respect, there is now abundant aggregate liquidity and significant improvements in the liquidity position of investment funds. In this context, the main vulnerability factor for financial stability in the short term is still the high degree of uncertainty surrounding loan quality. First, the future trajectory of the number of people infected and deceased by the virus and the possible need for additional health measures is uncertain. For that reason, there is also uncertainty about the path for economic recovery in the short and medium term. Second, the degree to which the current shock will be reflected in loan quality once the risk materializes in banks’ financial statements is uncertain. For the time being, the credit risk heatmap (Graph B) indicates that non-performing and risky loans have not shown major deterioration, but past experience indicates that periods of sharp economic slowdown eventually tend to coincide with rises in non-performing loans: the calculations included in this report suggest that the impact of the recession on credit quality could be significant in the short term. This is particularly worrying since the profitability of credit establishments has been declining in recent months, and this could affect their ability to provide credit to the real sector of the economy. In order to adopt a forward-looking approach to this vulnerability, this Report presents several stress tests that evaluate the resilience of the liquidity and capital adequacy of credit institutions and investment funds in the event of a hypothetical scenario that seeks to simulate an extreme version of current macroeconomic conditions. The results suggest that even though there could be strong impacts on the credit institutions’ volume of credit and profitability under such scenarios, aggregate indicators of total and core capital adequacy will probably remain at levels that are above the regulatory limits over the horizon of a year. At the same time, the exercises highlight the high capacity of the system's liquidity to face adverse scenarios. In compliance with its constitutional objectives and in coordination with the financial system's security network, Banco de la República will continue to closely monitor the outlook for financial stability at this juncture and will make the decisions that are necessary to ensure the proper functioning of the economy, facilitate the flow of sufficient credit and liquidity resources, and further the smooth operation of the payment systems. Juan José Echavarría Governor
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Payment Systems Report - June of 2021. Banco de la República, February 2022. http://dx.doi.org/10.32468/rept-sist-pag.eng.2021.
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Banco de la República provides a comprehensive overview of Colombia’s finan¬cial infrastructure in its Payment Systems Report, which is an important product of the work it does to oversee that infrastructure. The figures published in this edition of the report are for the year 2020, a pandemic period in which the con¬tainment measures designed and adopted to alleviate the strain on the health system led to a sharp reduction in economic activity and consumption in Colom¬bia, as was the case in most countries. At the start of the pandemic, the Board of Directors of Banco de la República adopted decisions that were necessary to supply the market with ample liquid¬ity in pesos and US dollars to guarantee market stability, protect the payment system and preserve the supply of credit. The pronounced growth in mone¬tary aggregates reflected an increased preference for liquidity, which Banco de la República addressed at the right time. These decisions were implemented through operations that were cleared and settled via the financial infrastructure. The second section of this report, following the introduction, offers an analysis of how the various financial infrastructures in Colombia have evolved and per¬formed. One of the highlights is the large-value payment system (CUD), which registered more momentum in 2020 than during the previous year, mainly be¬cause of an increase in average daily remunerated deposits made with Banco de la República by the General Directorate of Public Credit and the National Treasury (DGCPTN), as well as more activity in the sell/buy-back market with sovereign debt. Consequently, with more activity in the CUD, the Central Securi¬ties Depository (DCV) experienced an added impetus sparked by an increase in the money market for bonds and securities placed on the primary market by the national government. The value of operations cleared and settled through the Colombian Central Counterparty (CRCC) continues to grow, propelled largely by peso/dollar non-deliverable forward (NDF) contracts. With respect to the CRCC, it is important to note this clearing house has been in charge of managing risks and clearing and settling operations in the peso/dollar spot market since the end of last year, following its merger with the Foreign Exchange Clearing House of Colombia (CCDC). Since the final quarter of 2020, the CRCC has also been re¬sponsible for clearing and settlement in the equities market, which was former¬ly done by the Colombian Stock Exchange (BVC). The third section of this report provides an all-inclusive view of payments in the market for goods and services; namely, transactions carried out by members of the public and non-financial institutions. During the pandemic, inter- and intra-bank electronic funds transfers, which originate mostly with companies, increased in both the number and value of transactions with respect to 2019. However, debit and credit card payments, which are made largely by private citizens, declined compared to 2019. The incidence of payment by check contin¬ue to drop, exhibiting quite a pronounced downward trend during the past last year. To supplement to the information on electronic funds transfers, section three includes a segment (Box 4) characterizing the population with savings and checking accounts, based on data from a survey by Banco de la República con-cerning the perception of the use of payment instruments in 2019. There also is segment (Box 2) on the growth in transactions with a mobile wallet provided by a company specialized in electronic deposits and payments (Sedpe). It shows the number of users and the value of their transactions have increased since the wallet was introduced in late 2017, particularly during the pandemic. In addition, there is a diagnosis of the effects of the pandemic on the payment patterns of the population, based on data related to the use of cash in circu¬lation, payments with electronic instruments, and consumption and consumer confidence. The conclusion is that the collapse in the consumer confidence in¬dex and the drop in private consumption led to changes in the public’s pay¬ment patterns. Credit and debit card purchases were down, while payments for goods and services through electronic funds transfers increased. These findings, coupled with the considerable increase in cash in circulation, might indicate a possible precautionary cash hoarding by individuals and more use of cash as a payment instrument. There is also a segment (in Focus 3) on the major changes introduced in regulations on the retail-value payment system in Colombia, as provided for in Decree 1692 of December 2020. The fourth section of this report refers to the important innovations and tech¬nological changes that have occurred in the retail-value payment system. Four themes are highlighted in this respect. The first is a key point in building the financial infrastructure for instant payments. It involves of the design and im¬plementation of overlay schemes, a technological development that allows the various participants in the payment chain to communicate openly. The result is a high degree of interoperability among the different payment service providers. The second topic explores developments in the international debate on central bank digital currency (CBDC). The purpose is to understand how it could impact the retail-value payment system and the use of cash if it were to be issued. The third topic is related to new forms of payment initiation, such as QR codes, bio¬metrics or near field communication (NFC) technology. These seemingly small changes can have a major impact on the user’s experience with the retail-value payment system. The fourth theme is the growth in payments via mobile tele¬phone and the internet. The report ends in section five with a review of two papers on applied research done at Banco de la República in 2020. The first analyzes the extent of the CRCC’s capital, acknowledging the relevant role this infrastructure has acquired in pro¬viding clearing and settlement services for various financial markets in Colom¬bia. The capital requirements defined for central counterparties in some jurisdic¬tions are explored, and the risks to be hedged are identified from the standpoint of the service these type of institutions offer to the market and those associated with their corporate activity. The CRCC’s capital levels are analyzed in light of what has been observed in the European Union’s regulations, and the conclusion is that the CRCC has a scheme of security rings very similar to those applied internationally and the extent of its capital exceeds what is stipulated in Colombian regulations, being sufficient to hedge other risks. The second study presents an algorithm used to identify and quantify the liquidity sources that CUD’s participants use under normal conditions to meet their daily obligations in the local financial market. This algorithm can be used as a tool to monitor intraday liquidity. Leonardo Villar Gómez Governor
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Payment Systems Report - June of 2020. Banco de la República de Colombia, February 2021. http://dx.doi.org/10.32468/rept-sist-pag.eng.2020.
Full textAbstract:
With its annual Payment Systems Report, Banco de la República offers a complete overview of the infrastructure of Colombia’s financial market. Each edition of the report has four objectives: 1) to publicize a consolidated account of how the figures for payment infrastructures have evolved with respect to both financial assets and goods and services; 2) to summarize the issues that are being debated internationally and are of interest to the industry that provides payment clearing and settlement services; 3) to offer the public an explanation of the ideas and concepts behind retail-value payment processes and the trends in retail payments within the circuit of individuals and companies; and 4) to familiarize the public, the industry, and all other financial authorities with the methodological progress that has been achieved through applied research to analyze the stability of payment systems. This edition introduces changes that have been made in the structure of the report, which are intended to make it easier and more enjoyable to read. The initial sections in this edition, which is the eleventh, contain an analysis of the statistics on the evolution and performance of financial market infrastructures. These are understood as multilateral systems wherein the participating entities clear, settle and register payments, securities, derivatives and other financial assets. The large-value payment system (CUD) saw less momentum in 2019 than it did the year before, mainly because of a decline in the amount of secondary market operations for government bonds, both in cash and sell/buy-backs, which was offset by an increase in operations with collective investment funds (CIFs) and Banco de la República’s operations to increase the money supply (repos). Consequently, the Central Securities Depository (DCV) registered less activity, due to fewer negotiations on the secondary market for public debt. This trend was also observed in the private debt market, as evidenced by the decline in the average amounts cleared and settled through the Central Securities Depository of Colombia (Deceval) and in the value of operations with financial derivatives cleared and settled through the Central Counterparty of Colombia (CRCC). Section three offers a comprehensive look at the market for retail-value payments; that is, transactions made by individuals and companies. During 2019, electronic transfers increased, and payments made with debit and credit cards continued to trend upward. In contrast, payments by check continued to decline, although the average daily value was almost four times the value of debit and credit card purchases. The same section contains the results of the fourth survey on how the use of retail-value payment instruments (for usual payments) is perceived. Conducted at the end of 2019, the main purpose of the survey was to identify the availability of these payment instruments, the public’s preferences for them, and their acceptance by merchants. It is worth noting that cash continues to be the instrument most used by the population for usual monthly payments (88.1% with respect to the number of payments and 87.4% in value). However, its use in terms of value has declined, having registered 89.6% in the 2017 survey. In turn, the level of acceptance by merchants of payment instruments other than cash is 14.1% for debit cards, 13.4% for credit cards, 8.2% for electronic transfers of funds and 1.8% for checks. The main reason for the use of cash is the absence of point-of-sale terminals at commercial establishments. Considering that the retail-payment market worldwide is influenced by constant innovation in payment services, by the modernization of clearing and settlement systems, and by the efforts of regulators to redefine the payment industry for the future, these trends are addressed in the fourth section of the report. There is an account of how innovations in technology-based financial payment services have developed, and it shows that while this topic is not new, it has evolved, particularly in terms of origin and vocation. One of the boxes that accompanies the fourth section deals with certain payment aspects of open banking and international experience in that regard, which has given the customers of a financial entity sovereignty over their data, allowing them, under transparent and secure conditions, to authorize a third party, other than their financial entity, to request information on their accounts with financial entities, thus enabling the third party to offer various financial services or initiate payments. Innovation also has sparked interest among international organizations, central banks, and research groups concerning the creation of digital currencies. Accordingly, the last box deals with the recent international debate on issuance of central bank digital currencies. In terms of the methodological progress that has been made, it is important to underscore the work that has been done on the role of central counterparties (CCPs) in mitigating liquidity and counterparty risk. The fifth section of the report offers an explanation of a document in which the work of CCPs in financial markets is analyzed and corroborated through an exercise that was built around the Central Counterparty of Colombia (CRCC) in the Colombian market for non-delivery peso-dollar forward exchange transactions, using the methodology of network topology. The results provide empirical support for the different theoretical models developed to study the effect of CCPs on financial markets. Finally, the results of research using artificial intelligence with information from the large-value payment system are presented. Based on the payments made among financial institutions in the large-value payment system, a methodology is used to compare different payment networks, as well as to determine which ones can be considered abnormal. The methodology shows signs that indicate when a network moves away from its historical trend, so it can be studied and monitored. A methodology similar to the one applied to classify images is used to make this comparison, the idea being to extract the main characteristics of the networks and use them as a parameter for comparison. Juan José Echavarría Governor