Financial institution

A consequence of this might be fewer banks serving specific target groups, and small-scale producers may be under-served.

[4] Standard Settlement Instructions (SSIs) are the agreements between two financial institutions which fix the receiving agents of each counterparty in ordinary trades of some type.

These agreements allow the related counterparties to make faster operations since the time used to settle the receiving agents is conserved.

Regulatory structures differ in each country, but typically involve prudential regulation as well as consumer protection and market stability.

Countries that have separate agencies include the United States, where the key governing bodies are the Federal Financial Institutions Examination Council (FFIEC), Office of the Comptroller of the Currency – National Banks, Federal Deposit Insurance Corporation (FDIC) State "non-member" banks, National Credit Union Administration (NCUA) – Credit Unions, Federal Reserve (Fed) – "member" banks, Office of Thrift Supervision – National Savings & Loan Association, State governments each often regulate and charter financial institutions.