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Schedule 2 and 3 Banks
? Schedule 2 may be wholly owned by non-residents, engage in same business as Schedule 1
? Size of individual loan must be related to the capital base of the subsidiary rather then their parent bank which limits ability to extend larger loans
? Seek deposits from corporations
? Schedule 3 include foreign banks that have opened banks in Canada without setting up Canadian incorporated subsidiaries
3. Recent Bank Developments and Future Trends
? Bank owned Investment Dealers have begun to acquire U.S. Investment Dealers (discount brokers)
? Banks now allowed to offer non-banking financial services such as insurance and trust activities through subsidiaries
? Bank Act now offers non-deposit taking institutions (life insurance companies, securities dealers, and money market mutual funds) access to the Payment System
LIFE INSURANCE COMPANIES
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Common topics in this essay:
- A Study on Financial Performance of Indian Non – Life Insurance Industry
- Are Public companies more unethical than Private companies?
- Comparison of B2B and B2C Companies
- Discuss the management problems facing multinational companies and companies with an international dimension in various parts of the world
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