第一章商业银行公司理财(52页PPT).pptx
《第一章商业银行公司理财(52页PPT).pptx》由会员分享,可在线阅读,更多相关《第一章商业银行公司理财(52页PPT).pptx(52页珍藏版)》请在淘文阁 - 分享文档赚钱的网站上搜索。
1、PART Introduction to bank financial management in the financial-services industryChapter 1 Overview of banking and the financial-services industry China University of Mining and TechnologySchool of ManagementLEARNING OBJECTIVESnTo understand the functions of a financial systemnTo understand the role
2、,importance,and the risks of bankingnTo distinguish between direct and indirect financenTo understand the“decline”of bankingnTo distinguish between traditional commercial banking and modern bankingnTo understand the dimension of bank competition and how regulation shapes themCHAPTER THEMEnThis chapt
3、er presents an introduction and overview of banking and the financial-services industry(FSI).nFinancial-services firms(FSFs)act as intermediaries in the allocation of financial resources.nAs financial markets become more complete,direct finance tends to reduce the importance of certain financial ins
4、titutions and the process of indirect finance.nA financial-management perspective emphasizes the importance of understanding the risks of banking and how to manage them.Both market and regulatory discipline monitor and restrict bank risk taking.nExplicit price,user convenience,and public confidence
5、are the primary dimensions of bank competition.KEY CONCEPTS,IDEAS,AND TERMS Bank holding company(BHC)Credit risk Dimensions of bank competition Direct finance VS indirect finance(intermediation)Discipline(market and regulatory)Financial markets Financial-services firm(FSF)Financial-services industry
6、 Financial system(core functions)Globalization Institutionalization Interest-rate risk Intermediation VS disintermediation Liquidity risk Pass-through finance Regulatory dialectic(struggle model)Risk management SecuritizationKEY CONCEPTS,IDEAS,AND TERMS Asset prices Confidence function Credit or def
7、aut risk Expected inflation FDIC Improvement Act(FDICIA)Federal Deposit Insurance Corporation(FDIC)Federal Reserve System Federal safety net Fisher effect Five Cs of credit analysis Interest rates(nominal versus real)Office of the Comptroller of the Currency(OCC)Price function Privatization Prompt c
8、orrective action(PCA)Regulaion Techniques for managing the guarantee business Transactions cost Types and classes of commercial banks Section1.The functions of a financial system Section2.Financial-services firms and the financial-services industry Section3.Types and classes of commercial banks Sect
9、ion4.Bank holding companies:the dominant organizational form Section5.Intermediation VS disintermediation and indirect finance VS direct finance Section6.The end of banking as we know it?Section7.The role of bank regulation and supervision Section8.The regulatory dialectic(struggle model)Section9.Th
10、e risks of bankingSection10.The dimensions of financial-services competition and the role of regulation in shaping themSection1 The functions of a financial systemnThe primary function of a financial system is:nresource allocation.Section1 The functions of a financial system Clear and settlepayments
11、Aggregate and disaggregatewealth and flows of funds Transfer economicresourcesfunctionsAccumulate,processAnd disseminateinformationProvide ways for managing uncertainty and controlling riskProvide ways for dealingWith incentive and asymmetric-Information problemsSection2.Financial-services firms and
12、 the financial-services industry A financial system can be viewed in terms of financial-services industry(FSI)consisting of finance-services firms(FSFs)BanksThrift institutionsInsurance companiesPension fundsFinance companiesMutual fundsNonfinancial corporationsThe major playersin the FSI(FSFs)The s
13、tructural changes occurring in the FSI can be describe as its“-ization”.nThe role of banks in the FSI The view that commercial banks operate in the FSI means that their role will look diluted in this framework.Nevertheless,commercial banks are still the kingpins of the FSI.InstitutionalizationSecuri
14、tizationGlobalizationPrivatization“-ization”KEY CONCEPTS Commercial bank Investment bank Savings&loans Savings banks Credit unions Life(property and casualty)insurance companies Money market funds Check-cashing stores Nonfinancial corporations(NFCs)Depository institutions Nondepository institutions
15、Pool and package loans Interest and principal paymentMortgage-backed securities rent-to-own stores State-owned enterprises Transforming economies Collapse of communism Thrift crisis Legal,political,social,and ethical significance Wholesale market PawnshopsSection3.Types and classes of commercial ban
16、ks These are various types and classes of commercial banks in the United States(Box1-1 and Table1-1)The 1970 amendment to the Bank Holding Company Act of 1956 defines a commercial bank as an institution that“(1)accepts deposits that the depositor has a legal right to withdraw on demand and(2)engages
17、 in the business of making commercial loans”.In the 1980s,prior to the passage of the Competitive Equality Banking Act of 1987,organizations were chartered that engaged inone of these activities butnor both.They were callednonbank banks orlimited-services banks;those that did not make commercial loa
18、ns were also known as consumer banks.By using this loophole,these organizations avoided being regulated by the Federal Reserve as bank holding companies.To attempt to level the playing field in the FSI,the Competitive Equality Banking Act of1987 banned furtherEstablishment of nonbank banks.Although
19、the 160or so existing nonbankbanks weregrand fathered,their activities were restricted such that they could not cross-market products and services with their parent companies and after 1988 they were limited to annual growth of 7%.Bona fide trust companies and consumer banks were exempted from these
20、 restrictions and because of the thrift crises,nonbank banks were not excluded from bidding on failed S&Ls with assets of$500 million or more.TABLE1-1Charter(federal or state agency)nNational bank(office of the Comptroller of the Currency,OCC)nState bank(50 states&D.C.)Federal regulation(agency)nNat
21、ional bank(OCC)nState member bank(Federal Reserve)nState-insured nonmember bank(FDIC)nBank holding company(BHC)(Federal Reserve)nBanks or BHCs with 500 shareholders or more(SEC)Structure or organization formnUnit BanknBranch BanknHolding-company banknOne-bank holding company(OBHC)nMultibank holding
22、company(MBHC)Type of businessnWholesale banknRetail banknWholesale/retail bank(all things to all customers)nPrivate bankn“Shadow”bank Geographic marketnCommunity(local)banknRegional banknSuperregional banknMultinational(“money-center”)bankFederal reserve size classes(by assets)nTen largest banksnBan
23、ks ranked 11th through 100thnBanks ranked 101th through 1000thnBanks not ranked among the 1000 largest(“community banks”)Section4.Bank holding companies:the dominant organizational formnBecause bank holding companies(BHCs)are the dominant organizational form in U.S.banking,they deserve closer scruti
24、ny.Using total deposits as the focal variable,Table 1-2 reflects the dominance of BHCs among banks and also among federally insured depository institutions,and show that dominance has increased from 1984 to 1994.nPanel A of Figure 1-1 presents an example of a BHCs organizational structure.A BHCs non
25、bank subsidiaries or affiliates are restricted from engaging in nonbanking activities not approved by the Fed.Table1-2 The Distribution of Federally Insured Depository Institutions by Type of Institution,1984 and 1994 1984 Mean Deposits Deposits per firm Number Percent (billions Percent (millions Ty
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 第一章 商业银行 公司 理财 52 PPT
限制150内