Andorran Financial Authority
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Andorran Financial Authority
Andorran Financial Authority (AFA), known as ''Andorran National Institute of Finance'' (''INAF'') between 1989 and 2018, is a public financial institution founded in 1989 that provides functions of financial regulation and control of the financial sector in Andorra. Its regulatory task was used for describing the government measures to solve the Banca Privada d'Andorra Banca Privada d'Andorra (, BPA) was a bank in Andorra founded in 1957. History Banca Privada d'Andorra was created in 1957 under the name of Banca Cassany and began its activities in 1958. In 1993 Caixa Catalunya became a shareholder and the en ... financial crisis in 2015. References External links Homepage Banks of Andorra Central banks Banks established in 1989 1989 establishments in Andorra {{Andorra-stub ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Ramón López Galindo
Ramón or Ramon may refer to: People Given name *Ramon (footballer, born 1998), Brazilian footballer *Ramón (footballer, born 1990), Brazilian footballer *Ramón (singer), Spanish singer who represented Spain in the 2004 Eurovision Song Contest *Ramón Blanco y Erenas (1833–1906), Spanish brigadier and colonial administrator of the Philippines *Ramón Castillo (1873-1944), former Argentinian president * Ramon Dekkers, Dutch muay thai fighter *Ramón del Valle-Inclán (1866–1936), Spanish dramatist and novelist * Ramón Díaz, Argentine football player and coach *Ramón H. Dovalina (born 1943), American educator * Ramón Emeterio Betances (1827–1898), Puerto Rican nationalist *Ramón Arellano Félix (1964–2002), Mexican drug lord and fugitive *Ramón Fumadó (born 1981), Venezuelan diver *Ramón Fernando García (born 1972), Colombian road cyclist *Ramón Gerardo Antonio Estévez (born 1940), American actor, using the stage name Martin Sheen *Ramón González (athlete) (bor ...
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Andorra La Vella
Andorra la Vella french: Andorre-la-Vieille is the capital (political), capital of the Andorra, Principality of Andorra. It is located high in the east Pyrenees, between France and Spain. It is also the name of the parishes of Andorra, parish that surrounds the capital. , the city has a population of 22,886, and the urban area, which includes Escaldes-Engordany plus satellite villages, has over 40,000 inhabitants. The principal industry is tourism, although the country also earns foreign income from being a tax haven. Furniture and Brandy, brandies are local products. Being at an elevation of , it is the highest capital city in Europe and a popular ski resort. Name ''Andorra la Vella'' means "Andorra the Town", to distinguish it from the Principality of Andorra as a whole. Although in Catalan the word ''vella'' (like French ''vieille'') is derived from the Latin word ''vetula'' which means "old", the ''Vella'' here (like French ''ville'' and Catalan ''vila'') is derived fr ...
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Andorra
, image_flag = Flag of Andorra.svg , image_coat = Coat of arms of Andorra.svg , symbol_type = Coat of arms , national_motto = la, Virtus Unita Fortior, label=none (Latin)"United virtue is stronger" , national_anthem = "The Great Charlemagne" , image_map = Location Andorra Europe.png , map_caption = , image_map2 = , capital = Andorra la Vella , coordinates = , largest_city = capital , official_languages = Catalan , ethnic_groups = , ethnic_groups_year = 2017 , religion = Christianity (Catholicism) , religion_ref = , demonym = Andorran , government_type = constitutional elective diarchy , leader_title1 = Co-Princes , leader_name1 = , leader_title2 = Representatives , leader_name2 = , leader_title3 = Prime Minister ...
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Financial Regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices and case law. History In the early modern period, the Dutch were the pioneers in financial regulation. The first recorded ban (regulation) on short selling was enacted by the Dutch authorities as early as 1610. Aims of regulation The objectives of financial regulators are usually: * market confidence – to maintain confidence in the financial system * financial stability – contributing to the protection and e ...
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Financial Sector
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-financial s ...
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Banca Privada D'Andorra
Banca Privada d'Andorra (, BPA) was a bank in Andorra founded in 1957. History Banca Privada d'Andorra was created in 1957 under the name of Banca Cassany and began its activities in 1958. In 1993 Caixa Catalunya became a shareholder and the entity changed its name to Banca Privada d'Andorra, SA. Starting in 2000, when Caixa Catalunya was no longer a shareholder of BPA, the bank became controlled by 100% Andorran capital. In 2003, BPA began an international expansion plan to consolidate its presence worldwide and established a presence in six countries. As part of its growth plan in Spain, in July 2011 BPA acquired Banco Madrid, a private banking entity which was owned until then by Kutxa (Caja de Ahorros de Guipúzcoa y San Sebastián). With this operation, BPA became the first Andorran entity to obtain a banking license in Spain. Also in 2011 BPA completed the purchase of the securities firm Interdin S.A., which is ninth in a ranking of companies per trading volume. The expan ...
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Banks Of Andorra
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ...
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Banks Established In 1989
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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