BANKS AND BANKING LEGAL SYSTEM ARTICLE
FELIX ATI-JOHN LAW SERVICES
ATTORNEYMR.FELIX ATI-JOHN
BANKS IS DEFINED IN LAW DICTIONARY AS DUE TO THEIR INFLUENTIAL STATUS WITHIN THE FINANCIAL SYSTEM AND UPON NATIONAL ECONOMIES,BANKS ARE HIGHLY REGULATED IN MOST COUNTRIES.
A CENTRAL BANK IS DEFINED IN LAW DICTIONARY AS A CENTRAL BANK,RESERVE BANK OR MONETARY AUTHORITY AN INSTITUTION THAT MANAGES A STATE´S CURRENCY,MONEY SUPPLY,AND INTEREST RATES.CENTRAL BANKS ALSO USUALLY OVERSEE THE COMMERCIAL BANKING SYSTEM OF THEIR RESPECTIVE COUNTRIES.IN CONTRAST TO A COMMERCIAL BANK,A CENTRAL BANK POSSESSES A MONOPOLY ON INCREASING THE AMOUNT OF MONEY IN THE NATION,AND USUALLY ALSO PRINTS THE NATIONAL CURRENCIES WHICH USUALLY SERVES AS THE COUNTRIES LEGAL TENDER .CENTRAL BANKS IN MOST DEVELOPED COUNTRIES ARE INSTITUTIONALLY DESIGNED TO BE INDEPEDENT FROM POLITICAL INTERFERENCE.
ECONOMY IS DEFINED IN LAW DICTIONARY AS ECONOMY OR ECONOMIC SYSTEM CONSISTS OF THE PRODUCTION,DISTRIBUTION,OR TRADE,AND CONSUMPTION OF LIMITED GOODS AND SERVICES BY DIFFERENT AGENTS IN A GIVEN GEOGRAPHICAL LOCATION.THE ECONOMIC AGENTS CAN BE INDIVIDUALS,BUSINESSES,ORGANIZATION,OR GOVERNMENTS.A TRANSACTION OCCURS WHEN TWO PARTIES AGREE TO THE VALUE OR PRICE OF THE TRANSACTED GOOD OR SERVICE,COMMONLY EXPRESSED IN A CERTAIN CURRENCY.
REGULATORY CAPITAL IS DEFINED IN LAW DICTIONARY AS REGULATORY CAPITAL IS THE MINIMUM CAPITAL REQUIREMENT AS DEMANDED BY THE REGULATORS .REGULATORY CAPITAL IS A STANDARDISED CALCULATION FOR ALL BANKS,ALTHOUGH THERE WOULD BE DIFFERENCES TO VARIOUS REGULATORY REGIMES.THE PROCESS BY WHICH IT IS CALCULATED IS ALSO TRANSPARENT,THIS ALLOWS MEANINGFUL COMPARISON BETWEEN BANKS.
THE GLOBAL FINANCIAL SYSTEM IS DEFINED IN LAW DICTIONARY AS IS THE WORLDWIDE FRAMEWORK OF LEGAL AGREEMENTS,INSTITUTIONS,AND BOTH FORMAL AND INFORMAL ECONOMIC ACTORS THAT TOGETHER FACILITATE INTERNATIONAL FLOWS OF FINANCIAL CAPITAL FOR THE PURPOSES OF INVESTMENT AND TRADE FINANCING..
TRADE IS DEFINED IN LAW DICTIONARY AS TRADE ALSO CALLED GOODS ECONOMY,IS TO TRANSFER THE OWNERSHIP OF GOODS FROM ONE PERSON OR ENTITY TO ANOTHER BY GETTING A PRODUCT OR SERVICE IN EXCHANGE FROM THE BUYER.TRADING IS A VALUE ADDED FUNCTION OF THE ECONOMIC PROCESS OF A PRODUCT FINDING MARKET.TRADING CAN ALSO REFER TO THE ACTION PERFORMED BY A TRADER(S) AND OTHER MARKET AGENTS IN THE FINANCIAL MARKET.
INTERNATIONAL FINANCIAL INSTITUTIONS IS DEFINED IN LAW DICTIONARY AS IFIs ARE FINANCIAL INSTITUTIONS THAT HAVE BEEN ESTABLISHED(OR CHARTERED)BY MORE THAN ONE COUNTRY AND HENCE ARE SUBJECT OF INTERNATIONAL LAW.
PROPERTY LAW
PROPERTY LAW IS DEFINED IN LAW DICTIONARY AS PROPERTY LAW IS THE AREAS OF LAW THAT GOVERNS THE VARIOUS FORMS OF OWNERSHIP AND TENANCY IN REAL PROERTY(LAND AS DICTINCT FROM PERSONAL OR MOVABLE POSSESSIONS)AND IN PERSONAL PROPERTY WITHIN THE COMMON LAW LEGAL SYSTEM.
ARTICLE THE WORK OF LAW AND
SOCIAL STATUS http://en.wikipedia.org/wiki/Social_status
ATTORNEY MR.FELIX ATI-JOHN
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