Core Bank

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Core Bank

A commercial bank that is a major presence globally or in a certain area. For example Goldman Sachs is a core bank worldwide. Core banks have highly diversified assets but carry a great deal of systemic risk. Some may be considered too big to fail.
References in periodicals archive ?
Non-core banks compete with core banks in retail markets, but in wholesale markets core banks often compete with investment firms and foreign-based banks.
Specifically, regulators should clarify how they will use certain regulatory flexibility under the advanced approaches rule, particularly with regard to how they will exercise exemptions for core banks from the advanced approaches requirement and the extent to which core banks will be allowed to adopt the standardized approach.
Bank Danamon is one of Indonesia's four designated core banks in the private sector.