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Banking Business - Coggle Diagram
Banking Business
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Jersey depositors protection scheme approved in 2009.
Provides protection of up to £50k per person, per Jersey banking Group
Should bank fails, an interium payment of £5k make within 7 worjking days
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Risk management controls
Processes, structures, resources, information systems in pllace to ensure adequate identification, evaluation, control, recording and reporting of all significant risks
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Credit risk
- Risk of loss due to a debtor non-payment (capital or interest)
Country and Transfer risk
- Risk of a country the bank will be exposed to if engaged internationally (political, economic, social)
Market Risk
- Risk that a value of investment will decrease due to moved in the market
1) Equity risk
2) Interest rate risk
3) Currency risk
4) Commodity risk
Liquidity risk
- Risk that a given asset or security cannot be traded quickly enough in the market to prevent a loss