For purposes of this subpart: Bank holding company means any company that controls a bank (as provided in section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.)). Consultant. For purposes of this subpart, a consultant for a national bank, savings association, bank holding company, savings and loan holding company, or other company shall include only an individual who works d...

How banks managed the COVID-19 pandemic shock? The eruption of financial crisis in 2007 evolved to a as liquidity providers (Acharya and Mora, 2015). shock was associated with surge households’ deposits subsequent injection by Federal Reserve. We show how affected banks’ management therefore extension, creation new loans. empirically evaluate through three well established mechanisms: market di...

Broadly speaking, the role of the financial sector in all economies is to channel resources from primary savers to investment projects. The importance of this financial sector role has received much attention in the recent literature on economic growth. A strong consensus has emerged in the last decade that well-functioning financial intermediaries have a significant impact on economic growth. ...

Mobile phones promote financial inclusion in developing nations by enabling access to credit savings, and transfer services. These payment systems rarely achieve nationwide usage that is sufficient for network effects, a problem that existing literature attributed to exogenous factors such as regulations, poverty, and infrastructure costs. This paper argues that banks, telecoms, and governments...

Computerization of the Ground Book and the property rights registration, led to a major improvement of the service quality. The computerizing, which started in the late 1980s, resulted in considerable cost savings for the government, citizens, banks, real estate agents, and other private enterprises using the register. At the time, the government made a bold decision to outsource the total effo...