Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.Whereas banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.
Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties notably, the Medicis, the Pazzi, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds have played a central role over many centuries. The oldest existing retail bank is Banca Monte dei Paschi di Siena (founded in 1472), while the oldest existing merchant bank is Berenberg Bank (founded in 1590). Provided by Wikipedia
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12762by Biodiversity International, CGIAR Consortium, Food and Agriculture Organization of the United Nations, International Fund for Agricultural Development, International Food Policy Research Institute, Inter-American Institute for Cooperation on Agriculture, Organisation for Economic Co-operation and Development, United Nations Conference on Trade and Development, United Nations High Level Task Force on Global Food Security, World Food Programme, World Bank, World Trade OrganizationGet full text
Published 2017
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12764Published 1976“…World Bank…”
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12768Published 1989“…Bank Negara Malaysia…”
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