【PPT精品课件】货币金融学7版英文课件10大学课件2.pptxVIP

;Historical Development of the Banking Industry;Financial Innovation;Avoidance of Existing Regulations;Decline in Traditional Banking;Banks’ Response;The Big Six, together with the Laurentian Bank of Canada, the Canadian Western Bank, and another 8 domestic banks are Canada’s Schedule I banks Schedule II banks are some domestic banks and the Canadian subsidiaries of foreign banks. As of October 2002, there were 31 Schedule II banks in Canada A Schedule III bank is a foreign bank allowed (under certain restrictions) to branch directly into Canada. As of October 2002, there were 21 Schedule III banks in Canada ;Canadian Chartered Banks;Schedule I banks and big Schedule II banks (those with over $5 billion in equity capital) must be widely held: no individual can own more than 10% of any class of shares Small Schedule II banks with equity capital less than $1 billion don’t have to be widely held --- that is, may have a significant shareholder (more than 10%) Small Schedule II banks with equity capital in excess of $1 billion have to be at least 35% widely held;Any widely held foreign bank can own 100% of a Canadian bank subsidiary (that is, of a foreign Schedule II bank) Any widely held and regulated Canadian financial institution, other than a bank, may own 100% of a bank Schedule II banks can add branches to their initial branch only with ministerial approval Schedule III banks can branch directly into Canada, following authorization by the Minister of Finance ;As of October 2002, there were 68 chartered banks in Canada and around 8000 in the United States The presence of so many banks in the U.S. reflects past regulations that restricted the ability of these financial institutions to open branches Many small U.S. banks stayed in existence because a large bank capable of driving them out of business was often restricted from opening a branch nearby It was easier for a bank to open a branch in a foreign country than in another state in the U.S. ;Structure of the