Supervised banking does not mean that there are any direct rules that banks have to follow; there are suggestions which are usually followed but it is not mandatory for the bank to follow them. Banking regulations differ in that there are penalties if the banks break there regulations; regulations are like laws that the bank must follow.
One of the disadvantages of universal banking is the offering of a large number of products that follow different sets rules and regulations. Since this is done by large banks, it may affect the banking system when it fails. Universal banking may also lead to monopoly and harm the economy of a country.
Sub prime or not all lenders and the types of loans they do held to the same state regulations. Now some lender said that they were exempt from the state regs due to federal chaters but most stiil stayed with in the state guides. Something specific? what state if so?
Lloyds TSB Internet Banking is not any different than Bank of America Internet Banking. All Banking Institutions follow the same general proticals that are designed to enable people to use the internet banking in cohearence to each countries laws and regulations.
Most of the banking regulations are to protect the consumer-Reg CC states how long a bank can hold checks, Reg D limits the number of automatic transfers you can make from your savings and money market accounts, and Reg DD requires consistency in how rates and disclosures are given to customers. These are just a few of the many banking regulations;.
Supervised banking does not mean that there are any direct rules that banks have to follow; there are suggestions which are usually followed but it is not mandatory for the bank to follow them. Banking regulations differ in that there are penalties if the banks break there regulations; regulations are like laws that the bank must follow.
Money laundering
One of the disadvantages of universal banking is the offering of a large number of products that follow different sets rules and regulations. Since this is done by large banks, it may affect the banking system when it fails. Universal banking may also lead to monopoly and harm the economy of a country.
banking secrecy
Banking regulations are rules that are put in place to ensure all bankers carry themselves professionally. The regulations help guard against fraud and other practices that may damage the standing of the institution.
enforce banking regulations
banking secrecy
enforce banking regulations
banking secrecy
Regulations are important to monitor the credit
we wish they also enforce in Pakistan
banking secrecy