MGMT 1P93 Lecture 3: Chapter 9 - Financial Markets
16 Jan 2019
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Financial markets: transfer funds from savers to borrowers. Depository institutions: financial intermediary that obtains funds by accepting chequing and saving deposits and then lending those funds to borrowers. Trust companies: financial intermediary similar to a bank that obtains duns by accepting chequing and savings deposits and then lending them. Trust companies can act as trustees for estates and pension plans. Credit unions: depository intuition that is organized as a cooperative, meaning that it is owned by its depositors. Institutional investor: don"t accept deposits, they gather huge pools of financial capital from other sources and use it to acquire different assets. Securities broker: act as agents for investors who want to buy or sell financial securities. Securities dealers: participate in securities markets, buying and selling stocks and bongs for their own account. Investment banks: financial intermediaries that help firms issue new securities to raise financial capital. 1987 government created an agency called the office of the superintendent of financial.
