Attributes
Purported attributes of narrow banking include -
1. no lending of deposits
2. extremely high liquidity
3. extremely high asset security
4. lower interest rates paid to depositors
5. regulatory framework with higher level of scrutiny and operational and investing restrictions
Additional criteria applied to safe banks include -
1. no derivatives
2. no off balance sheet assets
3. high degree of institutional transparency (e.g. continuous real-time disclosure of financial records)
4. capped executive salaries
5. low risk jurisdictions
Read more about this topic: Narrow Banking
Famous quotes containing the word attributes:
“Even though fathers, grandparents, siblings, memories of ancestors are important agents of socialization, our society focuses on the attributes and characteristics of mothers and teachers and gives them the ultimate responsibility for the child’s life chances.”
—Sara Lawrence Lightfoot (20th century)
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—Agnes Repplier (1858–1950)
“God is the efficient cause not only of the existence of things, but also of their essence.
Corr. Individual things are nothing but modifications of the attributes of God, or modes by which the attributes of God are expressed in a fixed and definite manner.”
—Baruch (Benedict)