tailieunhanh - Lecture Financial institutions, instruments and markets (4/e): Chapter 3 - Christopher Viney

Chapter 3 - Non-bank financial institutions (NBFIs). In this chapter, you will learn to: Understand the role of NBFIs in the financial system, outline the financial products and services provided by NBFIs, describe NBFI’s principal sources and uses of funds, examine the regulatory system. | Chapter 3 Non-bank Financial Institutions (NBFIs) Websites: Learning Objectives Understand the role of NBFIs in the financial system Outline the financial products and services provided by NBFIs Describe NBFI’s principal sources and uses of funds Examine the regulatory system Chapter Organisation Introduction Investment and Merchant Banks Life Insurance Offices General Insurance Offices Superannuation Funds Finance Companies and General Financiers Chapter Organisation (cont.) Permanent Building Societies Credit Cooperatives Managed Funds Export Finance and Insurance Corporation Summary Introduction NBFIs can be differentiated by their source and use of funds, OBS business and regulation Chapter Organisation Introduction Investment and Merchant Banks Life Insurance Offices General Insurance Offices Superannuation Funds Finance Companies and General Financiers Investment and Merchant . | Chapter 3 Non-bank Financial Institutions (NBFIs) Websites: Learning Objectives Understand the role of NBFIs in the financial system Outline the financial products and services provided by NBFIs Describe NBFI’s principal sources and uses of funds Examine the regulatory system Chapter Organisation Introduction Investment and Merchant Banks Life Insurance Offices General Insurance Offices Superannuation Funds Finance Companies and General Financiers Chapter Organisation (cont.) Permanent Building Societies Credit Cooperatives Managed Funds Export Finance and Insurance Corporation Summary Introduction NBFIs can be differentiated by their source and use of funds, OBS business and regulation Chapter Organisation Introduction Investment and Merchant Banks Life Insurance Offices General Insurance Offices Superannuation Funds Finance Companies and General Financiers Investment and Merchant Banks Evolved under regulation Officially classified as ‘money market corporations’ (not authorised banks) Size of balance sheet not constrained by capital adequacy requirements Primarily deal in wholesale finance Investment and Merchant Banks (cont.) Sources of funds Mainly offshore money market securities Uses of funds Primarily short-term loans to corporations and government Little direct involvement in household sector except through cash management and unit trust products Investment and Merchant Banks (cont.) Other activities Deregulation has allowed banks to move into merchant bank activities This led money market corporations to develop their OBS business Provide advice, management services and funding arrangements for Mergers and acquisitions Takeover company seeks to gain control over a target company Investment and Merchant Banks (cont.) Other activities (cont.) Project finance and structured finance Lending for large projects where loan repayments are based on .

• Tài chính doanh nghiệp
• Financial institutions
• Financial Instruments
• Financial markets
• Financial system
• Merchant manks
• Life insurance offices
• Lecture Financial markets and institutions
• Financial institutions markets
• Risks at financial institutions
• Market risk
• Savings institutions
• Credit unions
• Commercial banks
• Financial statements
• Financial markets and institutions
• Interest rates change
• Financial institutions exist
• Central banking
• Capital markets
• Money markets
• Interest rate fundamentals
• Interest rates
• Security valuation
• Federal reserve system
• Monetary policy
• Money market yields
• Bond markets
• Municipal bonds
• Mortgage markets
• Primary mortgage market
• Stock markets
• Common stock
• Foreign exchange markets
• Foreign exchange
• Derivative securities markets
• Futures markets
• Commercial bank liabilities
• Regulation of commercial banks
• Deposit guarantee funds
• Insurance companies
• Life insurance companies
• Securities firms
• Investment banks
• Mutual funds
• Hedge funds
• Pension funds
• Private pension funds
• Managing credit risk
• Balance sheet
• Managing liquidity risk
• Managing interest rate risk
• Insolvency risk
• Managing risk
• Loan sales
• Managing risk off the balance sheet