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Journal articles on the topic 'Non-bank Financial Institutions'
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1
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.
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Leon, Ramona Diana, Laurențiu Mihai Treapăt, Anda Gheorghiu, and Sergiu Octavian Stan. "A microcredit evaluation model for non-bank financial institutions." Kybernetes 49, no. 9 (June 19, 2019): 2185–99. http://dx.doi.org/10.1108/k-05-2018-0250.
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Purpose The paper aims to develop a microcredit evaluation model (MEM) which could serve as a useful tool for banks and NBFIs when SMEs’ economic and financial risks are evaluated. Design/methodology/approach Based on the literature review, a set of 17 qualitative and quantitative prudential indicators is selected. Further, a calculation system is developed which relies on the multiple criteria analysis model elaborated by Altman (1968); starting from this, a matrix is developed and a rating system is built. The model is tested among six NBFIs which operate on the Romanian market; three of them are labeled by the Romanian Central Bank as the worst performers, while the other ones are qualified as the best performers. Data are collected from companies’ annual reports and also from the Ministry of Finance. Findings It proves that the MEM can serve as a useful tool for the national and international NBFIs’ risk assessment. It can anticipate NBFIs’ success or fall. Furthermore, its results can be guaranteed with a probability of 95 per cent, calculated through the VaR method. Last but not least, it can also be used by the international NBFIs which intend to enter in the Romanian market. Originality/value The present paper proposes an original model based on both quantitative and qualitative indicators organized in an integrative equation. The MEM helps both parties involved in the financial grant awarding process – NBFIs are able to better assess requests from SMEs, enabling them to increase the volume of granting, whereas SMEs are able to access money for development projects more easily.
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Lee, Sook-Jong. "Financial Restructuring in Korea and Japan: Resolution of Non-Performing Loans and Reorganization of Financial Institutions." Journal of East Asian Studies 2, no. 2 (August 2002): 143–85. http://dx.doi.org/10.1017/s159824080000093x.
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South Korea and Japan responded to their financial crisis of the late 1990s by restructuring financial institutions. Also, financial authorities were created to supervise financial institutions and lead financial restructuring. Financial restructuring focused on the resolution of non-performing loans that had been contributing to financial failures and on strengthening their equity capital bases for sound management. Huge amounts of public funds were mobilized to pursue these policy goals. The Korean government took more drastic measures by closing or merging many failing financial institutions. Financial restructuring also facilitated bank concentration in Korea — and Japan — giving births to several mega banks. Both governments of Korea and Japan encouraged bank concentration by allowing the establishment of a financial holding company. The Korean government was more actively involved in merging banks while Japanese bank mergers were taken by business initiatives.Financial restructuring is expected to bring more market oriented business practices among financial institutions and loosen cooperative ties among financial institutions, corporations, and financial bureaucracy in both countries. Close bank-corporation ties through main bank system and corporate networks within a business group are being loosened in Japan particularly since concerned parties have come to seek market rationality over loyalty. On the other hand, the intervention in financial sector and the mediation in bank-corporation relationship by financial bureaucracy are expected to be weakened in the case of Korea. Nevertheless, discretionary power of Korea's financial bureaucracy appears stronger for the time being since it took the helmsman of determining which financial institution is out of market.
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Niavand, Hossein, and Farzaneh Haghighat Nia. "The Study of Financial Condition and Credit Institutions in Iran." Business and Economic Research 8, no. 1 (January 24, 2017): 178. http://dx.doi.org/10.5296/ber.v8i1.12529.
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This paper examines that financial conditions and credit institutions in Iran, Credit institutions; non-governmental and public economic institutions in Iran agreed in principle with the central bank are established and engaged in banking operations. A “credit union institution” that by attracting deposits allowed the bank (excluding deposit interest-free loan current), obtaining loans and other financial instruments to mobilize resources, Venture and the resources to grant credit facilities assigned or in any other manner to the recognition of the central bank, an intermediary between suppliers and applicants have the financial resources. We show that the financial condition and credit institutions are possible or not, and the result will be institutions offering appropriate solutions.
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Didenko, Liudmyla, Inna Kobzar, and Iryna Khanaliieva. "ANALYSIS OF NON-BANK FINANCIAL INSTITUTIONS ACTIVITY AS PARTICIPANTS OF MODERN FINANCIAL SERVICES MARKET." Economic Analysis, no. 28(4) (2018): 88–94. http://dx.doi.org/10.35774/econa2018.04.088.
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Banking system, that is, the National Bank of Ukraine, other banks and branches of foreign banks operating in the country, is the basis of the Ukrainian credit system. However, non-bank financial and credit institutions play an important role in the financial services market. Today they provide quite a wide range of services and thus become serious competitors for banks. Therefore, the study of the peculiarities of the activities of non-bank financial and credit institutions and their role in the economic growth of the state is an urgent problem for investigation. The article assesses the activities of the main non-bank financial institutions. The main indicators of the effectiveness of non-banking financial institutions in the context of the main segments of the modern financial services market are analysed. The problems that impede the development of the insurance services market, the non-state pension insurance market and the Lombard loan market are identified. It is concluded that it is an urgent necessary to solve the system problems in the financial services market in order to ensure its effective and stable operation in the future.
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Aras, Guler, Nuray Tezcan, and Ozlem Kutlu Furtuna. "Comprehensive evaluation of the financial performance for intermediary institutions based on multi-criteria decision making method." Journal of Capital Markets Studies 2, no. 1 (July 9, 2018): 37–49. http://dx.doi.org/10.1108/jcms-04-2018-0013.
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Purpose The purpose of this paper is to assess the financial performance of the intermediary institutions that have operated in the Turkish capital markets taking the issue of bank-origin and non-bank-origin institutions into account. Design/methodology/approach Financial performance of the intermediary institutions has been measured by the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method between the years 2005 and 2016. In order to implement the TOPSIS method, the relative importance of financial performance indicators has been determined by Entropy, survey results and considering equal weights approaches. Findings Empirical findings indicate that the average performances of continuously operating intermediary institutions during the concerned period are above the average performance levels of all intermediaries. Additionally, the average rank of bank-origin intermediary institutions have been found higher than the non-bank origins for all years. This reveals that the average financial performance of the bank-origin intermediary institutions is higher than the average score of non-bank origins during the related years. Originality/value This study is unique in terms of evaluating the performance of intermediary institutions in Turkish capital markets with a comprehensive framework. Determining the relative importance of financial performance indicators according to entropy, survey results and equal-weight approaches and revealing the average financial performance ranking methodology for bank-origin and non-bank-origin intermediary institutions have added value.
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Meylianingrum, Kurniawati. "Pemahaman Mahasiswa Perbankan Syariah Terhadap Job Career di Lembaga Keuangan Syariah Non Bank." Jurnal Ilmiah Ekonomi Islam 6, no. 2 (June 29, 2020): 178. http://dx.doi.org/10.29040/jiei.v6i2.1081.
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This study aims to determine the integration of understanding between theories that have been studied by students of Islamic banking study programs with practices that occur in the workforce, and also prepare mature human resources to face the development of non-bank Islamic financial institutions in Indonesia. The method used is a qualitative analysis with an interpretive approach. With the interpretive approach the writer tries to understand every explanation from the sources as well as ongoing education, experience, and developmental changes that occur. The results of this study are that students understand well the job careers in non-bank Islamic financial institutions such as Takaful family Islamic insurance institutions, amil zakat institutions, and Baitul Maal wa Tamwil. Unlike the Islamic banking financial institutions, working in non-bank Islamic financial institutions such as Islamic insurance, amil zakat institutions, and Baitul Maal wa Tamwil prioritize the social value of the community. Relationships with customers are not just customers with institutions, but also the creation of family relationships among people. Factors that strengthen student understanding of job careers in non-bank Islamic financial institutions
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Johan, Suwinto, and Ariawan Ariawan. "Consumer protection in financial institutions." Legality : Jurnal Ilmiah Hukum 29, no. 2 (June 11, 2021): 173–83. http://dx.doi.org/10.22219/ljih.v29i2.16382.
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The relationship between financial institutions and customers is like two sides of a coin. On one hand, it is mutually beneficial, but on the other hand, this relationship can lead to mutual harm. Customers of financial institutions have a medium for a long-term relationships. Consumers of financial institutions generally have an average relationship of 24 months. Consumers make loan payments according to the agreed time. Customers will be able to get the right to the collateral if the loan has been paid. Conversely, if customers are unable to pay the installments on time, financial institutions will repose the collateral. From the inception of the loan to the repayment of the loan, the relationship between customers and financial institutions experiences several conditions. This research uses a normative judicial method, aiming to analyze consumer protection of non-bank financial institutions based on the existing laws and regulations. This research will focus on consumer protection from the start of the standard agreement, the fees or expenses charged, to the loan repayment mechanism. This research concludes that the protection of consumers of non-bank finance companies, especially finance companies, is still very weak. Consumer protection for finance companies, especially non-banks, has not been fully accommodated in the existing Consumer Protection Law. Therefore, the authority needs to issue a regulation in protecting the consumer in the financial industry.
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Okere, Peter A., Ndugbu Michael, J. N. Ojiegbe, and Barr Lawrence Uzowuru. "Bank And Non-Bank Financial Institutions And The Development Of The Nigerian Economy." International Journal for Innovation Education and Research 3, no. 7 (July 31, 2015): 23–36. http://dx.doi.org/10.31686/ijier.vol3.iss7.391.
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The focus of this study was on the impact of bank and non-bank financial institutions on the growth and development of the Nigerian economy. In an attempt to achieve the objectives of the research, data for the period 1992 to 2012 were collected from the CBN publications. Hypotheses were also formulated. The data collected were analysed using the E-views econometric software under the ordinary least square (OLS) regression analysis. The study as confirmed by the result of the joint test revealed that the financial institutions play prominent role on the growth and development of the Nigerian economy. However, it was further revealed that individual contributions of the explanatory variables varied. For example, the Deposit Money Banks were revealed to have impacted very insignificantly to the growth and development of the Nigerian economy. This may not be unconnected with the unwholesome practices in the banking sector such as granting of loans/advances to “ghost” applicants, diversion of loans and advances granted, high incidence of moral hazards. In view of the above, it is recommended among others that government should come up with lending policies that will not only reduce diversions of bank loans/advances but will deter persons involved in such sharp practices. Such loans and advances which must be on long-term basis should be extended to needy investors in the real sector. Consumer loans and also loans and advances for commerce do not play prominent role in the growth and development of the economy and thus should be discouraged. The current and on-going reforms in the financial sector should be encouraged and maintained.
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Hassan, Md Rizwan. "Issues and Challenges of Non-Bank Financial Institutions in Bangladesh." Asian Business Review 2, no. 1 (2013): 61–64. http://dx.doi.org/10.18034/abr.v2i1.124.
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Hassan, Md Rizwan. "Issues and Challenges of Non-Bank Financial Institutions in Bangladesh." Asian Business Review 2, no. 1 (March 1, 2015): 61. http://dx.doi.org/10.18034/abr.v2i1.317.
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Ofoeda, Isaac, Philip Gariba, and Lordina Amoah. "Regulation and performance of non bank financial institutions in Ghana." International Journal of Law and Management 58, no. 1 (February 8, 2016): 108–25. http://dx.doi.org/10.1108/ijlma-11-2014-0060.
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Purpose – The purpose of this study is to examine the relationship between regulation of non-bank financial institutions (NBFIs) and their performance in Ghana. Design/methodology/approach – The analysis is performed using data derived from the Bank of Ghana Database during a five-year period, 2006-2010. Correlated panels corrected standard errors model is used to estimate the regression equation. Capital adequacy requirements and the restrictions on the ability of non-bank financial institutions (NBFIs) to take deposits are used as proxies for regulatory pressure. The study also used the return on assets (ROA) and return on equity (ROE) as measures of NBFI performance. Findings – Results of the study emerged with the evidence that there exists a positive relationship between minimum capital adequacy requirement of 10 per cent and profitability. This indicates that asking NBFIs to keep higher minimum capital adequacy ratio has resulted in improving their profitability. This suggests that capital regulation is an effective tool in enhancing the stability and the profitability of the financial services sector. In addition, the paper finds a positive relationship between regulatory pressure in terms of restrictions on deposits and NBFI profitability. This means that non-deposit-taking NBFIs have improved performance. This indicates that restricting NBFIs in terms of deposit-taking rather goes to increase profitability. Originality/value – The value of this study is in respect of its contribution to the extant literature on financial regulation and performance of NBFIs.
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Novak, Anna, and Yana Yukhimchuk. "CURRENT STATE AND TRENDS IN THE DEVELOPMENT OF THE UKRAINIAN MARKET OF NON-BANK FINANCIAL SERVICES." Scientific Notes of Ostroh Academy National University, "Economics" Series 1, no. 21(49) (June 24, 2021): 82–87. http://dx.doi.org/10.25264/2311-5149-2021-21(49)-82-87.
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The article highlights the concept of the market of non-banking financial services in accordance with the requirements of Ukrainian legislation and identifies the main intermediaries operating in this market. The study contains analytical data on the number of non-bank financial institutions operating in Ukraine, as well as the volume of assets of such financial institutions. The authors also present an analysis of the main trends in the development of the non-banking financial services market. For comparison, the structure of the financial market is presented in the form of the ratio of the number of banking and non-banking institutions. The article provides an analytical overview of the number of private pension funds, financial companies, pawnshops, credit unions and insurance companies operating in Ukraine over the past three years. The structure and volume of financial services provided by insurance companies have been studied separately. The authors state that despite the existence of non-bank financial institutions, the banking sector still prevails. Moreover, financial companies predominate in terms of assets among representatives of non-bank financial institutions. Despite the coronary crisis during 2016-2020, the number of financial companies and other non-banking institutions, including pawnshops and insurance companies, grew steadily. Such trends are assessed positively, as it indicates the development of the financial market and its stability in adverse conditions. In Ukraine, the market of non-banking financial services is underdeveloped compared to other countries, but despite the mentality and transition in the formation of the non-banking financial sector, it has good prospects for development. However, despite the positive changes, ways to improve the performance of non-bank financial institutions in crisis conditions have been proposed.
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Worthington, Andrew. "Cost efficiency in Australian non‐bank financial institutions: A non‐parametric approach." Accounting & Finance 40, no. 1 (March 2000): 75–98. http://dx.doi.org/10.1111/1467-629x.00036.
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Pindel, Estera, and Czesław Bartłomiej Martysz. "The background of regulating non-bank loan institutions in Poland." Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia 53, no. 2 (October 25, 2019): 55. http://dx.doi.org/10.17951/h.2019.53.2.55-65.
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<p>Non-bank loan institutions in Poland often face a bad reputation or a lack of trust, are compared to "parabanks" and frequently recognised as companies operating at the borders of the law. Despite their membership in the financial sector, until recently, public supervision had little control over loan companies and had little knowledge about the scale of their operations. The greater restrictiveness of the new regulations caused a slowdown in the development of loan companies. Changes such as the introduction of bank levy and the amendment to the Consumer Credit Act of 2016 had a significant impact on the financial results and the structure of products offered by loan companies. Along with the new regulations, however, there is doubt regarding whether these changes, which are intended to organise the market for non-bank loans, will actually lead to an exodus of loan institutions from the market and to significant limitation and financial exclusion on the part of Polish consumers.</p>
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Kurniawan, Puji. "Analisis Kontrak Ijarah." Jurnal el-Qanuniy: Jurnal Ilmu-Ilmu Kesyariahan dan Pranata Sosial 4, no. 2 (December 30, 2018): 201–13. http://dx.doi.org/10.24952/el-qanuniy.v4i2.2388.
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Humans are social creatures who need each other to socialize or to fulfill their needs, such as primary, secondary and tertiary needs. In this life there are 2 (two) groups of people, namely groups of people who are overfunded and those who are underfunded. Therefore, banks and non-bank financial institutions have emerged as intermediaries between the 2 (two) groups of the people so that the balance can occur in meeting the needs of each life. In Indonesia, there are many conventional and sharia bank and non-bank financial institutions that provide financing services to meet human needs. The fundamental difference between conventional and Islamic financial institutions is the use of the interest system which is usury in conventional financial institutions and the use of profit sharing systems in Islamic financial institutions.
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Booth, Philip. "Monetary policy, asset prices and financial institutions." Annals of Actuarial Science 8, no. 1 (November 1, 2013): 9–41. http://dx.doi.org/10.1017/s1748499513000109.
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AbstractThe operation of monetary policy is likely to affect securities markets and asset values. This is of relevance to actuaries who work in or advise non-bank financial institutions such as pension funds and insurance companies. This paper examines different theories of monetary policy and the relationship between monetary policy and asset prices. It is found that central bank models have, at least until recently, tended to sideline consideration of the transmission of monetary policy through asset markets but that, with the implementation of quantitative easing, it is a subject that cannot be ignored. Many monetary schools, in fact, suggest that asset markets can be significantly affected by changes to monetary policy and those schools have lessons for important aspects of actuarial theory and practice.
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Buha, Hanna. "NON-BANKING FINANCIAL INSTITUTION OF UKRAINE AS A SUBJECT OF MONETARY RELATIONS." Law Journal of Donbass 76, no. 3 (2021): 69–76. http://dx.doi.org/10.32366/2523-4269-2021-76-3-69-76.
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The article emphasizes the unprecedented growth of the role and importance of monetary relations in the formation of the market component of society, by supplementing it – the financial market and financial services markets, non-bank financial institutions professionally engaged in large-scale financial transactions. In this regard, monetary relations in their interaction with legal norms give rise to financial legal relations, which simplifies and disciplines the understanding and perception of monetary relations as an object of financial and legal regulation. It is stated that the regulatory impact on monetary relations in the activities of non-bank financial latter in market relations goes beyond public finance, expanding due to corporate and private finance, their market component, and the volume of private and commercial monetary resources in such conditions are one of the parties to the financial and credit relations. The environment for the implementation of modern monetary policy is formed by many factors, which together create extremely difficult conditions and reduce the effectiveness of monetary policy in achieving its goals. However, the most significant is the spread of the global financial crisis, to overcome which Ukraine needs to improve the legal framework for monetary regulation and apply market mechanisms to regulate the credit system. From a legal point of view, it is important when considering monetary relations (especially the forms of their expression) to understand the substantial nature of the financial mechanism as a whole. It is not the institutions of the financial system such as commercial banks, insurance companies, pension funds, investment funds or other institutions that generate credit as such, but, on the contrary, the existence of monetary relations generates the relevant institutions. And this is not just a scholastic play on words or manipulation of scientific concepts, but a legal fact. Thus, despite the rather intensive formation, the non-banking financial sector has not yet become the main and convenient mechanism for providing the real sector of the economy with the necessary financial resources. They are going through the initial period of their formation, their development remains little dynamic, sometimes even chaotic, which is why it is important to further study their legal nature, activities, functions they perform in the economy of the state and so on. In order to minimize the risks that may result from the lack of stability, transparency and competitiveness of the non-banking financial sector, it is necessary to strengthen the institutional and financial capacity of bodies regulating the financial services market and create an effective system for preventing crimes committed by non-banking financial institutions. Public policy in the non-banking financial sector should be aimed at: creating a system of risk identification, monitoring and ongoing analysis of the financial services market in order to ensure opportunities to take precautions to ensure financial security; strengthening transparency and openness in the activities of financial institutions and the body that carries out state regulation and supervision of such institutions; increasing the solvency and financial stability of non-bank financial institutions; ensuring proper protection of consumers of non-banking financial services; preventing the use of non-bank financial institutions for unproductive withdrawal of capital abroad.
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Imtiaz, Md Farhan, Khaled Mahmud, and Md Shahed Faisal. "The Determinants of Profitability of Non-Bank Financial Institutions in Bangladesh." International Journal of Economics and Finance 11, no. 6 (April 25, 2019): 25. http://dx.doi.org/10.5539/ijef.v11n6p25.
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The non-bank financial institutions (NBFI) industry is considered to be an important source of financing in any economy. Stability of earnings is one of the pre-conditions for survival and growth of any industry in the long run. Keeping the importance of profitability in mind, this paper tries to find out the major financial factors affecting the profitability of the NBFI industry in Bangladesh and evaluate the aspects of the findings. The data was collected for 12 different NBFIs for a period of five years (2013-2017). Return on equity was defined as the dependent variable while firm size, capital adequacy ratio, loan ratio, non-performing loan ratio, deposit ratio, net interest margin, non-interest income margin and cost to income ratio were identified as explanatory or independent variables. Multiple regression analysis was conducted on the data to test the research hypotheses. The findings of the study show that capital adequacy ratio, deposit ratio, non-performing loan ratio and net interest margin were statistically significant at 5% level. Firm size, loan ratio, net interest margin and non-interest income margin show positive relationship with profitability whereas capital adequacy ratio, deposit ratio, non-performing loan ratio and cost to income ratio show negative relationship with profitability. Non-performing loan ratio and net interest margin were found to have a considerable impact on profitability of NBFIs. This is further supported by the fact that non-performing loans do not generate any income and net interest income is considered the main source of income for a financial institution. The study recommends that the NBFIs in Bangladesh give due attention to these factors to improve their financial performance.
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Worthington, Andrew C. "Efficiency in pre-merger and post-merger non-bank financial institutions." Managerial and Decision Economics 22, no. 8 (2001): 439–52. http://dx.doi.org/10.1002/mde.1033.
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Sufian, Fadzlan. "Determinants of non-bank financial institutions' profitability: empirical evidence from Malaysia." Global Business and Economics Review 11, no. 2 (2009): 141. http://dx.doi.org/10.1504/gber.2009.028981.
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Sufian, Fadzlan, and Suarddy Parman. "Specialization and other determinants of non‐commercial bank financial institutions' profitability." Studies in Economics and Finance 26, no. 2 (June 5, 2009): 113–28. http://dx.doi.org/10.1108/10867370910963046.
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Hess, Kurt, and Gary Feng. "Is there market discipline for New Zealand non-bank financial institutions?" Journal of International Financial Markets, Institutions and Money 17, no. 4 (October 2007): 326–40. http://dx.doi.org/10.1016/j.intfin.2005.11.003.
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Travkina, Elena Vladimirovna, Elena Petrovna Ternovskaya, and Alim Borisovich Fiapshev. "The Role of Non-Bank Financials in the Formation of Long-Term Resources for Economic Growth in Russia." Economies 10, no. 1 (January 11, 2022): 23. http://dx.doi.org/10.3390/economies10010023.
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The development of the activities of non-bank financial institutions that accumulate the resources of the national savings system on a long-term basis is seen as a factor in increasing investment in the Russian economy and its growth rates. When carrying out the study, we used general scientific methods, methods of structural, weigh, and dynamic analysis, and comparisons of performance indicators of non-bank financial institutions. Problems in the activities of organizations in the non-banking sector of the Russian financial market are predetermined by the parameters and trends in the development of the socio-economic situation in Russia, including insufficient efficiency of regulatory practices. The positive dynamics of the development of non-bank financial intermediaries is qualified as unstable; it is not supported by the solution of the structural and institutional problems of the Russian economy. In view of this, an increase in their role in the redistribution process is associated both with decisions of a more general order and with the improvement of the regulatory and supervisory practices implemented by the Bank of Russia. The solution to the identified problems in the development of the non-banking segment of the financial market should be aimed at turning it into an effective mechanism for capital formation to ensure economic growth.
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Susyanti, Jeni. "Alternative Interest-Free Financial Institutional Systems for Fair Economy: A Constructive Overview." Jihbiz : jurnal ekonomi, keuangan dan perbankan syariah 3, no. 2 (July 19, 2019): 174–83. http://dx.doi.org/10.33379/jihbiz.v3i2.803.
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The Islamic economic system can be an option during the current world economic system with its market mechanism that can no longer be controlled by anyone and any system. The Islamic economic system is present as an alternative to the alignment of the economic system in a market order that is just and beneficial for human welfare. Islamic sharia principles in asset management emphasize the balance between individual and community interests, where assets must be used for productive things, especially investment activities which are the basis of economic activity in society. Interest-free financial institutions (Islamic financial institutions) as the implementation of the Islamic economic system include two institutions, namely bank financial institutions and non-bank financial institutions. In carrying out their financial activities, the two types of institutions carry out the main principles in transactions, namely: the prohibition of usury (interest) in various forms of transactions, conducting business, and trading activities based on obtaining legal profits according to sharia, and giving zakat. So that the financial institution must have a financial management strategy, properly and following muamalah fiqh.
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Rahman, Mohammad Rifat, Md Mufidur Rahman, and Athkia Subat. "Measuring financial distress of non-bank financial institutions of Bangladesh using Altman’s Z-Score model." International Business Education Journal 13 (August 21, 2020): 15–28. http://dx.doi.org/10.37134/ibej.vol13.sp.2.2020.
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Non-bank financial institutions (NBFIs) are recognized as the fundamental of a financial market as they complement the banking institutions. Since 1981, NBFIs have been playing a vital role in the economic growth of Bangladesh. Unfortunately, in the recent years most of the NBFIs have been found financially distressed. However, few NBFIs that were included in our sample claimed themselves as potential companies with sound financial performance though it was highly criticized. Therefore, the motivation for conducting this study is to examine the financial soundness of selected NBFIs using Altman’s Z score (1995). This study involved 20 NBFIs out of 23 Dhaka Stock Exchange (DSE) listed institutions, which were selected based on information availability by considering A, B and Z categories from 2014 to 2018 period. The secondary data were collected from the annual reports of the selected companies over the period. The findings are as follows: 95% of the 20 NBFIs were in distress zone during the study period and only 5% NBFIs were in safe zone during 2017-2018 period. Therefore, the analysis predicted that within the upcoming years a few of the NBFIs will be approaching bankruptcy. Finally, it is suggested that the government, respective regulatory authority, and policy makers to pay an immediate attention on mitigating the factors affecting the financial distress.
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Qamruzzaman, Md. "Innovation and economic growth: evidence from financial institutional innovation." Journal on Innovation and Sustainability. RISUS ISSN 2179-3565 8, no. 2 (June 11, 2017): 126. http://dx.doi.org/10.24212/2179-3565.2017v8i2p126-141.
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Innovation is the key to bringing changes in the traditional financial system. Innovation in the financial system being new financial products, hybrid financial institutions and new rules and regulations to reform existing financial system. Evolvement of financial institutions in the economy help economy in performing a financial function more effective and efficiently and such performance of financial institution promotes economic growth. The aim of the study to assess the relationship between institutional innovation and economic growth of Bangladesh over the period from 1991 to 2015. During this study, we employ the various econometric model to established association ship between institutional innovation and economic growth. Study results revealed that all the variables are stationary at level and after first difference all the variables become non-stationary. Test of Cointegration results revealed that innovation in the financial system through non-bank financial institutions and the financial market can contribute long run and CPI and spread rate can contribute in short run in the economic growth of Bangladesh. While Granger Causality Test revealed that Capital flow and GDP shows unidirectional causality but financial market development and GDP shows the Bidirectional causal relationship in the economy. It is also observed from causality analysis that capital flow and financial market development shows bidirectional causality, which indicated that innovation either in a financial institution or financial market can cause both variables and eventually influence on economic growth. So policymaker should consider the interrelationship between institutional innovation and economic growth while the formulation of economic policy because policy should expedite the development process in the financial system by making robust financial sector through encouraging financial innovation with banks, non-banks financial institution and capital market as well. Robust financial development can cause positively in overall economic growth in Bangladesh.
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Kerimov, Pavlo. "Financial depth-economic growth nexus: Implications for the Ukrainian banking sector." Banks and Bank Systems 16, no. 4 (November 22, 2021): 72–83. http://dx.doi.org/10.21511/bbs.16(4).2021.07.
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The relevance of this study is warranted by changes in the modern understanding of the interrelation between economic growth and financial depth. While earlier studies consider it to be universally positive, newer ones tend to challenge both nature and direction of such a relationship. This paper aims to investigate the nature of the financial depth-economic growth nexus in Ukraine during 2008–2019 based on data provided by the State Statistics Committee of Ukraine and the National Bank of Ukraine, using the standard OLS regression. The resulting model with an adjusted R squared of 0,96 confirms a strong (within a 90% confidence interval) linear relationship between real GDP per capita, denominated in local currency, which was used as a proxy for economic growth, and financial depth, which was assessed using three indicators: the share of bank loans to non-financial institutions in real GDP, the share of non-bank loans to non-financial institutions in real GDP, and the share of stock market capitalization in real GDP. Both bank and non-bank loans to real GDP ratios have a negative impact on economic growth (UAH 2,154 and UAH 78,154 decline per 1% growth, respectively), while market capitalization provides a positive influence (UAH 1,641,130 growth per 1% growth). This implies that, despite concentrating the majority of the resources available to the Ukrainian financial sector, the banking sector does not contribute to its economic growth. This can be alleviated by imposing additional restrictions on the amount of government securities allowed in a bank’s capital structure. AcknowledgmentsThe paper was funded as a part of the “Relationship between financial depth and economic growth in Ukraine” research project (No. 0121U110766), conducted at the State Institution “Institute for Economics and Forecasting of the NAS of Ukraine”.
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Vnukova, Nataliya, and Robert Bacho. "Trends in the developing Ukrainian non-bank financial service markets assessed using a mixture separation method." Economics of Development 19, no. 4 (May 18, 2021): 48–60. http://dx.doi.org/10.21511/ed.19(4).2020.05.
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Non-bank financial institutions play an important role in the non-bank financial service markets expressed in expanding the access to financial services for individuals and legal entities. The non-bank financial service markets demonstrate their performance peculiarities in the pre-crisis and post-crisis periods that bring up to date the need to form a scientific presentation of their development trends. Therefore, it is necessary to provide scientific background and identify the regress and progress processes in the non-bank financial service markets. The research aim is to develop an analytical approach to determining the peculiarities of the development processes in the non-bank financial service markets. The research assesses the key indicators of the non-bank financial service markets in terms of quantity by dividing a set of values into groups by cluster analysis and multidimensional object clustering by a system of indicators, as well as identifying the progress and regress patterns in the non-bank financial service markets. Achieving the research results requires taking into account the above-mentioned objectives fulfilled in seven stages. The research results reflect the influence on the financial service markets exerted by the governmental regulation policy and the consumer protection level in these markets.
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Xie, Zhikang, Xinglin Liu, Hina Najam, Qinghua Fu, Jawad Abbas, Ubaldo Comite, Laura Mariana Cismas, and Andra Miculescu. "Achieving Financial Sustainability through Revenue Diversification: A Green Pathway for Financial Institutions in Asia." Sustainability 14, no. 6 (March 17, 2022): 3512. http://dx.doi.org/10.3390/su14063512.
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Establishing balanced and sustainable development is critical for improving banks’ capability and performance. Financial development has enormous significance in an environment of increasingly contestable international markets, and can be achieved by enhancing banking efficiency and performance. The bank efficiency is estimated through data envelopment analysis (DEA). By applying the quantile regression technique, this research examines the impact of revenue diversification (RD) on the bank efficiency (BE) of seven Asian emerging economies over 2008–2019. In this regard, non-performing loans (NPLs), non-interest income, capitalization, and gross domestic product (GDP) are taken as control variables. The empirical findings indicate that RD, market capitalization, non-interest income, and GDP have a significant positive impact on BE, whereas NPLs have a significant negative relationship with BE. These results have significant strategic implications for managers, regulators, and policymakers, who share a common interest in boosting financial sustainability and performance.
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Nelly, Roos, and Andri Soemitra. "Studi Literature General Issu Lembaga Keuangan Non Bank Syariah di Indonesia." El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam 3, no. 4 (February 17, 2022): 700–710. http://dx.doi.org/10.47467/elmal.v3i4.1056.
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The development of Islamic non-bank financial institutions in Indonesia encourages the development of research on issues that develop in Islamic NBFIs. The literature study used to explore and describe the literature to answer research questions. By using the keyword "Islamic non-bank financial institutions" in the Publish or Perish program to help search the literature, found 30 articles with a search year spanning 2015-2021. The research data were analyzed in terms of content to group the data on certain themes. The research findings classify general issues related to Islamic NBFIs which consist of: Management, Understanding and introduction, Akad, Functions and Roles, Law, Principles, Norms, Accounting for Islamic NBFIs, Financial Performance, Financing and Operational Analysis, Opportunities and Challenges of Islamic NBFIs and Resources Humans in sharia NBFIs. Another important finding is that there are publications related to each type of Islamic non-bank financial institution. Where the theme of sharia insurance as the most researched theme with a total of 10,700 publications. Furthermore, the theme of Islamic LKM is in second place with the number of publications of 5,940 and followed by the theme of Sharia Pawnshops with the number of publications of 5,660. While other themes are still minimal in number of publications, thus providing space for future research to fill in the blanks on the themes offered.
Keywords: General Issues, Sharia NBFIs, Literature Studies
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Sholihah, Ria Anisatus. "Pengungkapan Pendapatan Non Halal pada Laporan Keuangan Bank Umum Syariah." AKTSAR: Jurnal Akuntansi Syariah 4, no. 1 (June 30, 2021): 67. http://dx.doi.org/10.21043/aktsar.v4i1.9690.
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<p class="bdabstract">Islamic Bank as a type of Islamic financial institution has the authority to collect and distribute funds to the public. In carrying out its operational activities, Islamic Banks have transactions that can lead to non-halal income because Islamic Banks also make transactions with Conventional Financial Institutions. PSAK 101 has regulated the disclosure of no n-halal income as part of the Report on the Sources and Use of Virtue Fund. The purpose of this study is to determine the description and disclosure of non-halal income in the financial statements of Islamic Commercial Banks. This study uses a qualitative research method with a descriptive approach. The subjects of this study were 14 Islamic Commercial Banks operating nationally and publishing complete financial reports in 2019 on the official website of Islamic Commercial Banks. The results showed that non-halal income from 14 Islamic Commercial Banks have been disclosed in accordance with PSAK 101, namely the Report on the Sources and Use of Virtue Funds. However, not all banks disclose in detail the reasons for the occurrence and use of non-halal income in the Notes to Financial Statements.</p>
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Cheng, Xiaoqiang, and Hans Degryse. "The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China." Journal of Financial Services Research 37, no. 2-3 (November 11, 2009): 179–99. http://dx.doi.org/10.1007/s10693-009-0077-4.
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SMIRNOV, Valerii V. "Analyzing the financial composition of the Russian market." Finance and Credit 27, no. 9 (September 30, 2021): 2050–77. http://dx.doi.org/10.24891/fc.27.9.2050.
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Subject. The article studies the financial composition of the Russian market. Objectives. The study identifies scenarios for the financial composition of the Russian market. Methods. The study is based on the systems approach and methods of statistical, neural network and cluster analysis. Results. The study emphasizes the importance of analyzing the financial composition of the Russian market. The Bank of Russia pursues a growth in the gross volume of loans granted by the financial system to individuals, enterprises, non-financial governmental institutions. It also tries to increment international reserves and less marketable, non-reserve assets. Depository corporations keep an eye on possible changes in requirements the bank system may set for governmental authorities of the Russian Federation, financial institutions of the Russian subjects and local authorities, governmental and other extra-budgetary funds. The study sets forth two appropriate scenarios for the financial composition of the Russian economy. I discovered that the clustering process depends in GDP at all key phases, such as production, distribution and use, and the Bank of Russia’s requirements to other financial and non-financial institutions in Rubles and foreign currency, and requirements of credit institutions to people. Basically, the macroprudential policy of the Bank of Russia shapes the financial composition of the Russian market. Conclusions and Relevance. The scenarios of the financial composition of the Russian market help the Russian government keep their activities in accordance with the Bank of Russia. The findings contribute to the knowledge and competence of the Russian government to ensure the economic growth.
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Koomson, Frederick. "Accessibility to non-bank credit and the growth of micro and small enterprises in the Sekondi-Takoradi Metropolis, Ghana." Oguaa Journal of Social Sciences 8, no. 1 (May 1, 2017): 1–18. http://dx.doi.org/10.47963/joss.v8i1.305.
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Access to credit has been consistently cited as a major constraint to the growth of micro and small-scale enterprises. Research has shown that enterprises that are not able to access credit from banks often rely on non-bank sources. It is based on this that the study set out to examine the accessibility of MSEs to non-bank credit and how non-bank credit affects their growth. In order to achieve the set objectives, 96 MSEs of five non-bank financial institutions were sampled for the study. Questionnaires were used to collect data from both the non-bank financial instutions and the MSEs. Data from the study were mainly analysed using the Chi-Square Test of Independence and log linear resgression analysis. Findings show that MSEs’ accessibility to non-bank credit was affected by inadequate information about credit availability, high interest rates and cumbersome procedure for credit acquisition. Most of the non-bank credit advanced to MSEs were inadequate and were often disbursed at wrong times. Credit received by MSEs mainly went to increasing working capital. This was attributed to the high rate of inflation that forces MSEs to demand credit for re-capitalisation. Firms that accessed larger amount of credit experienced increases in profits. Based on the findings the study recommends to non-bank financial institutions to make the procedures for credit acquisition less cumbersome, provide information about credit availability and to grant adequate and timely loans to MSEs. In order to access credit in time, MSEs are to put in timely application of credit as this will give non-bank credit institution amply time to process the application.
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Savchenko, T., and L. Mynenko. "FORMATION OF UKRAINE TRANSPARENCY BANKING." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 4 (2019): 35–41. http://dx.doi.org/10.21272/1817-9215.2019.4-4.
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The article analyzes requirements of the National Bank of Ukraine for transparency of banks, banking groups and non-banking financial market participants. Transparency development process in the Ukrainian banking sector considered in a dynamic and in context of the EU's transparency requirements. Authors came to conclusion that the National Bank of Ukraine have to extended last achievements at banks transparency issues on activities of banking groups and to non-banking financial institutions. This conclusion based on rudiments of effective supervision of banking groups on a consolidated basis, as well as the adoption by the Verkhovna Rada of Ukraine of the Law on "Split". This law extends the National Bank's responsibility in the supervision of non-banking financial institutions (insurance, leasing, financial companies, credit unions, pawnshops and credit bureaus) since July 2020. Therefore, the National Bank should introduce new regulatory requirements to increase the transparency of banking groups and non-bank financial intermediaries. These reforms will establish uniform approaches and standards for disclosure of information on the activities of financial institutions, as well as provide the harmonization of national legislation with EU requirements. Expanding the list of public reporting information and establishing proper reporting intervals will ensure the stable functioning of the financial market and will increase the confidence in the financial system by the users of financial services. These measures will also help management of the financial organization to make informed decisions in defining their development strategy. Besides, they will provide further development of the competitive environment in the financial services industry. Keywords: transparency of banking system, transparency requirements, bank, banking group.
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Et. al., Aniket Pundir ,. "A Systematic Review on Non-Performing Assets in Banks in India." Turkish Journal of Computer and Mathematics Education (TURCOMAT) 12, no. 2 (April 10, 2021): 177–84. http://dx.doi.org/10.17762/turcomat.v12i2.699.
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Lending is a cruttial part of financial sector that is Banks/NBFCs in India. It is main revenue génération business of Bank/NBFCs. Financial Institution i.e. Bank and NBFCs used to borrow funds from the market i.e. from other institution & public and then lend the same again to its clients to gain profits to its owners/investors. There were 27 Public Sector Banks in India (Incl. SBI Associates Banks) before announcement of merger of some Banks by Union Govt. Of India in the year 2019 and there are multiple other Pvt. Sector Banks and NBFCs, co-operative bank and regional rurul bank which we studied in this paper. Lending business of the Banks/NBFCs is facing slowdown in recent years. Non-Performing Assets are increasing day by day which is creating big problem not only to financial sector i.e. Bank/NBFCs but also for other industries. In this paper we will systemtically review the literature/artiles already pubilshed on NPAs in India and to know the main reasons and factor which are resposible for rising NPA in financial institutions and to find out scope of further research on this topic.
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Ikechukwu, Nwakoby, and Ananwude Chijindu. "The Role of Non-bank Financial Institutions on Financial Intermediation Process in Nigeria (1992-2014)." British Journal of Economics, Management & Trade 14, no. 4 (January 10, 2016): 1–15. http://dx.doi.org/10.9734/bjemt/2016/28359.
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Meriyati, Meriyati, and Agus Hermanto. "Sosialisasi Sejarah Bank Perkreditan Rakyat (BPR) Dan Bank Perkreditan Rakyat Syariah (BPRS) Kepada Alumni Pondok Al-Iman Yang Berada Di Palembang." AKM: Aksi Kepada Masyarakat 1, no. 2 (January 4, 2021): 43–52. http://dx.doi.org/10.36908/akm.v1i2.187.
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Rural Banks are bank financial institutions, which accept deposits only in the form of time deposits, savings, and / or other equivalent forms and channel funds as an RB business. The People's Credit Institution originated in the Dutch colonial period in the 19th century, with the formation of the Village Lumbung, Village Bank (BD), Bank Tani (BT), and Bank Dagang Desa (BDD), with the aim of helping farmers, employees and laborers to releasing themselves from the trap of moneylenders (loan sharks) who are said to provide loans with high interest rates. With the issuance of Law no. 7 concerning Banking of 1992 (Law No. 7/1992 concerning Banking) provided a clear legal basis as a type of bank other than commercial banks. According to Law no. 7/1992 concerning Banking Non-bank financial institutions that have obtained a business license from the minister of finance may adjust their business activities as a bank.
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PRIKHNO, Iryna, Igor CHASTOKOLENKO, and Artem MARCHENKO. "THE PROBLEMS AND PROSPECTS FOR FINANCIAL INTERMEDIATION DEVELOPMENT IN UKRAINE." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 4 (44) (April 2019): 92–100. http://dx.doi.org/10.37128/2411-4413-2019-4-11.
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In today's global economy, financial intermediation is an extremely powerful source of financial resources that can be used for investment purposes, since financial intermediaries can combine temporarily free (unused in the economy) financial resources of different business entities and direct them to those sectors of the economy that need investment. At the same time, financial intermediaries simultaneously provide the movement of financial assets and contribute to the development of the economy. It is proved that the objective need for a study of financial intermediation in Ukraine is to establish such a mechanism for the redistribution of financial resources in the country in order to achieve the maximum level of development of the economy both at the micro level and at the macro level. In Ukraine, the process of reforming the economy continues, including the financial market. The main participants in the financial market are financial intermediaries, which bring together buyers and sellers of financial assets. Activities of financial intermediaries in the financial market can be characterized by the fulfillment of the following main functions: accumulation of savings of economic entities; placing of attracted financial resources in the branches of economy; obtaining profit (own, as well as other economic entities); ensuring economic development. We believe that the main purpose of financial intermediaries is to create a balance in the financial market by matching interests and needs of all participants in the financial market and balancing demand and supply on financial resources. The most common is the division of financial intermediaries into banking institutions (banking sector) and non-bank financial institutions (non-banking financial sector). Currently, in Ukraine, banking institutions are represented by universal and specialized commercial banks of Ukraine, and non-bank financial institutions are represented by insurance and financial companies, credit unions and pawnshops, non-state pension funds and trust companies. According to statistics, the banking sector is larger in terms of assets, while the number of financial market participants is dominated by the non-banking financial sector. The analysis carried out shows an increase in the role of non-bank financial institutions in the financial market. Non-financial sector entities are dominated by financial companies. The article outlines the following main problems of the development of financial intermediation entities in Ukraine: the inconsistency of the financial system of Ukraine with the real sector of the economy, as a result of which the non-banking sector of the economy is not able to fully perform its main functions; the presence in the financial market of institutions that practically do not perform the functions assigned to them, thus creating significant risks for the normal functioning of the market; Ineffective legislation and an ineffective system for overseeing the activities of financial intermediaries, which gives rise to distrust of financial institutions; low level of financial literacy of the population. In order to overcome the problems identified and to provide an effective mechanism for the functioning of financial intermediary institutions in Ukraine, it is proposed to: introduce common rules of conduct in the financial market for banks and non-bank financial institutions, but taking into account the specifics of each type of financial intermediary; to intensify activity in the financial market of investment funds, insurance companies and non-state pension funds; Maximize the attraction of the non-banking financial sector to the development of the real sector of the economy; introduce a reliable mechanism for protecting the funds of the population and business entities; to create a service consulting center for the provision of services by non-bank financial institutions. We believe that the outlined directions for solving the problems of the development of financial intermediation create the basis for its further improvement and promote the activation of their effective activity.
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Aisah, Annida, and Eliana Wulandari. "KERAGAAN LEMBAGA KEUANGAN DI KECAMATAN PANGALENGAN, KABUPATEN BANDUNG." Mimbar Agribisnis: Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis 6, no. 1 (January 21, 2020): 298. http://dx.doi.org/10.25157/ma.v6i1.3158.
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Pangalengan Sub District is one of the largest potato production centers in West Java. Lack of capital of farmers, uncertain yields and very high production input prices cause farmers need to access credit from financial institutions, both bank and non-bank financial institutions. Agriculture sector is a high-risk sector, financial institutions especially banks are less interested in financing the agricultural business. This research applies descriptive analysis using primary and secondary data. The results showed that the difficulty of farmers' access to financial institutions was due to requirements that could not be fulfilled by some farmers in Pangalengan Sub District.