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A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institution: [ 1 ] [ 2 ]
Two areas of finance directly overlap financial management: (i) Managerial finance is the (academic) branch of finance concerned with the managerial application of financial techniques; (ii) Corporate finance is mainly concerned with the longer term capital budgeting, and typically is more relevant to large corporations.
Asset and liability management (often abbreviated ALM) is the term covering tools and techniques used by a bank or other corporate to minimise exposure to market risk and liquidity risk through holding the optimum combination of assets and liabilities. [1]
Kids learn a lot of important skills in school, even before heading off to college. But for some reason, personal finance usually isn't one of them. Though knowing the Pythagorean theorem can...
South African Institute of Financial Markets; Swiss Finance Institute; See also qualifications in related fields: Accounting § Education, training and qualifications; Actuarial credentialing and exams; Business education; Credit analyst § Education; Economics education; Management § Training and education; Chief financial officer ...
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans, mobilising saver surplus to deficit spenders. [1] Lending activities can be directly performed by the bank or indirectly through capital markets .
A broad distinction [12] exists though, between financial institutions and non-financial firms - and correspondingly, the application of risk management will differ. Respectively: [ 12 ] For Banks and Fund Managers, "credit and market risks are taken intentionally with the objective of earning returns, while operational risks are a byproduct to ...
The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financial professionals.