2011), 'The non-bank bank
nexus and the shadow banking system', IMF Working Paper WP/11/289.
Insurance companies exploited this definition by establishing a non-bank bank
that either accepted saving deposits but not demand deposits, or one that made consumer loans not commercial loans.
Stacked up against Mexico's banking system, which in total has about 15 million clients, that's a pretty big non-bank bank
for one store chain.
The SOFOLES were created, as a result of NAFTA, to allow financial intermediaries (such as non-bank bank
institutions) to begin operating in Mexico and spur greater competition and specialization in the financial sector.
Industrial loan companies and other non-bank banks
These so-called non-bank banks
are the investment banks, bank holding companies, and hedge funds.
Mergers and acquisitions will likely have reduced the number of banks and industry specialists and non-bank banks
will play a more prominent role.
These non-bank banks
borrowed funds from government development banks as well as from private commercial banks; in turn they gave loans to consumers to purchase homes and autos but were initially prohibited from accepting deposits or investing in securities or derivatives.
But they will face swarms of nimble competitors including community banks, industry specialists and non-bank banks
that specialize in providing specific services.
Lo paradojico de la situacion es que la actividad economica ha venido creciendo, y a tasas considerables, casi sin credito de los bancos, las empresas financiandose con recursos propios, con inversion extranjera o mediante colocaciones de deuda en los mercados internacionales de capital, que son opciones solo para las grandes y algunas medianas empresas, y las personas mediante las opciones de credito de los llamados non-bank banks
, como son las agencias de automoviles, las grandes tiendas departamentales, etc.
But some, like Central Pacific Bank's Yoshiharu Satoh, are confident that despite the additional players in the financial services game, Hawaii's banking industry will not be as severely impacted by non-bank banks
as institutions on the Mainland.
Pero, como suele suceder, los vacios siempre se llenan, pues han aparecido otros tipos de intermediarios financieros que salen al quite, los coloquialmente conocidos como non-bank banks
, como las agencias automotrices, las Sofoles, Mi casa, etc.