In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are regulated by the government.
Broadly speaking, there are three major types of financial institutions:
- Depositary Institutions : Deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies
- Contractual Institutions : Insurance companies and pension funds; and
- Investment Institutes : Investment Banks, underwriters, brokerage firms.
Other articles related to "financial institution, financial, financial institutions, institutions":
... in Social Media EMEA Finance Best Bank in Turkey, Best Financial Institution Borrower, Akbank August 2010 Syndication Loan Best Financial Institution Loan Euroweek Akbank July 2010 Eurobond Issue Best Financial ... Financial World Innovation Awards Innovation in the Delivery of Financial Products - Banking Services Category Stevie Awards 2010 Distinguished Honoree in 5 ... and Finance Review Best Bank in Turkey EMEA Finance Best Financial Institution Borrower in EMEA Region, Akbank August 2011 Syndication Loan Best Financial Institution Loan in EMEA Region BRAND FINANCE Most ...
... In the US, financial transactions begin with mutual identification between the customer and the financial institution ... there are many Internet frauds involving fake financial institutions or criminals masquerading as a financial institution (i.e ... Credit bureaus and other financial information services may be helpful, although the accuracy of some of these is questionable ...
... See also Financial regulation Financial institutions in most countries operate in a heavily regulated environment as they are critical parts of countries' economies ... have one consolidated agency that regulates all financial institutions while others have separate agencies for different types of institutions such as banks, insurance companies and brokers ... separate agencies include the United States, where the key governing bodies are the Federal Financial Institutions Examination Council (FFIEC), Office of the ...
... A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking ... NBFIs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering ...
... a computer— (A) exclusively for the use of a financial institution or the United States Government, or, in the case of a computer not exclusively for such use ...
Famous quotes containing the words institution and/or financial:
“La la la, Oh music swims back to me
and I can feel the tune they played
the night they left me
in this private institution on a hill.”
—Anne Sexton (19281974)
“A theory of the middle class: that it is not to be determined by its financial situation but rather by its relation to government. That is, one could shade down from an actual ruling or governing class to a class hopelessly out of relation to government, thinking of govt as beyond its control, of itself as wholly controlled by govt. Somewhere in between and in gradations is the group that has the sense that govt exists for it, and shapes its consciousness accordingly.”
—Lionel Trilling (19051975)