Banking
in sentence
2429 examples of Banking in a sentence
That sets the stage for three broad scenarios, each with implications for the European and global economy, the financial and
banking
system, and relations between the member states and EU institutions.
Of course, a fragmented
banking
system complicates a single monetary policy.
At least in some respects, such “Europeanization” of supervision has been established, with the European Central Bank serving as the eurozone’s
banking
watchdog and the Single Resolution Board dealing with vulnerable banks.
As German and Dutch officials, in particular, have argued, banks’ financial health must be addressed before completion of European
banking
union can take place.
Europeanization of deposit insurance would also mean that eurozone member states would, if push came to shove, lose any authority over
banking
politics.
The country’s largest such crisis, in 2001, brought down the local
banking
system and caused the Argentine government to default on its debts.
China’s
banking
system does face risks stemming from a maturity mismatch between loans and deposits.
She will need all of these attributes and more to make Europe’s new
banking
system function efficiently.
At the recent European
Banking
Conference in Frankfurt, there was near-unanimous agreement that a functioning
banking
union requires a central resolution authority (to deal with failing financial institutions) and a mutually guaranteed deposit-protection fund (to boost confidence in weaker banks in the eurozone’s troubled economies).
But there was also near-unanimous agreement that Europe’s
banking
union would not meet either of these needs – at least not at the outset.
Making matters worse, the ECB’s decision-making mechanisms are poorly suited to the role of
banking
supervisor.
A new supervisory board, including ECB officials and each eurozone member country’s head of
banking
supervision, will be established to receive these recommendations.
The future of Europe’s
banking
system depends on it.
Second, repeal of the Glass-Steagall Act, which separated commercial and investment banking, was a mistake.
These conflicts are inbuilt, because firms that engage in commercial banking, investment banking, proprietary trading, market making and dealing, insurance, asset management, private equity, hedge-fund activities, and other services are on every side of every deal (the recent case of Goldman Sachs was just the tip of the iceberg).
If they have their way, behaving recklessly with
banking
assets will result in a prison sentence, with no Monopoly-style “get out of jail free” card for financial masters of the universe.
But, if implemented, the commission’s proposed regime would certainly be tougher than what is now on offer in New York or other
banking
centers.
If the United Kingdom does proceed in this unilateral way, what would the consequences be for London’s
banking
industry?
Unlike the United States, where the financial sector is smaller as a share of GDP, the UK economy has still not recovered the output lost in the post-2008 Great Recession, owing to continued retrenchment in the
banking
sector.
Unlike more established democracies, in which politics only effects the economy at the margins, Poland cannot coast along; it needs leadership from its politicians if the economic gains of the last few years are not to be wasted through lack of progress on privatization, fiscal and
banking
reform, and modernization of the legal system.
An impaired
banking
system, it is argued, starves businesses, particularly small and medium-size enterprises (SMEs), of the funds they need to expand.
The stress tests and recapitalizations of US banks in 2009 were subsequently hailed as crucial to the recovery of both the
banking
system and the economy.
By the late 1990s, the Japanese
banking
system was offering companies loans at near-zero interest rates.
Fixing impaired
banking
systems after a crisis is both essential and achievable.
The US has pulled out of recession faster than the eurozone, not only – or even primarily – because it fixed its
banking
system faster, but because it pursued more stimulative fiscal policies.
During the immediate postwar occupation, US military planners had to impose new currency regimes and central
banking
institutions.
Central
banking
is all about managing market expectations.
Digital technologies enhance women’s access to finance, with mobile
banking
enabling them to avoid long journeys to a branch or ATM.
Before 2007, there was little political interest in tougher global standards, and individual countries resisted the idea that an international body might interfere in their sovereign right to oversee an unsound
banking
system.
Although hedge funds had lost money since 2013, the opportunity to taking over Greece’s entire
banking
system for such a paltry sum proved irresistibly tempting.
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