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Copyrighted Material P1: OTA/XYZ P2: ABC ind JWBK490-Rolland October 5, 2010 18:6 Printer: Yet to come Index Abbey 14 Aozora Bank 142, 145 Abbey National 14, 93, 306 arbitrage funds (relative value funds) 243–4 ABN Amro 90 arbun 159 ACA 174 Arnold, Luqman 306 African Development Bank (AfDB) 195, 196 Ashikaga Bank 142, 148 agency brokers (stockbrokers) 267, 277–83 Asian Development Bank (ADB) 152, 195, Advisory Service 280–2 196 cost 283 Asset Protection Scheme 45 execution 282 asset-backed agency debt structure 183 Agricultural Bank of China 151 asset-backed securities 94 AIA 327 assets under management (AUM) 49 AIG (American Insurance Group) 240, 248, Association Cambiste International (ACI) 73, 251, 261, 296, 300, 306, 323–8 74, 156 AIG Financial Products (AIGFP) 323, 324, Model Code, The 74 325, 327, 328 Association des Marches´ Financieres` (AMF) AIU 327 104 Albanian Deposit Insurance Agency 70 Association of Friendly Societies 96 Alchemy Partners 286 Association of International Bond Dealers 74 Aldrich-Vreeland Act 1907 (US) 125 ATM machines 14 algorithmic trading 244, 276 Austria, deposit guarantee scheme 82 ALICO 327 Autostrade Concessioni e Construzioni 182 Alliant 137 Allianz 153, 253 Bailey Gifford 225 Al-Rahji bank, Saudi Arabia 155 Banc One 6 Alternative Investment Fund Management Banca d’Italia 116 Directive 235 Banco Santander 14 American Express 153 COPYRIGHTEDbank-branch networks MATERIAL 13 American Research and Development Bank Deutsche Lander¨ 114 Corporation (ARDC) 285 Bank for International Settlement (BIS) 9, 10, American Share Insurance 137, 252 72–3, 75, 141 Amsterdamsch Wisselbank (Bank of Bank Holding Company Act 1956 (USA) 127 Amsterdam) 58–9, 110 bank note issuance, UK 59, 60 Amundi Asset Management 227 Bank of America 11, 45, 124, 133, 134, 153, Anglo-American Corporation of South Africa 203, 228, 300 119 Bank of America Merrill Lynch 134, 178, 279 331 P1: OTA/XYZ P2: ABC ind JWBK490-Rolland October 5, 2010 18:6 Printer: Yet to come 332 Index Bank of America Specialist 279 Bardi family 109 Bank of Amsterdam 58–9, 110 Baring Brothers 28, 94, 95 Bank of China 150, 151, 153 Barings PLC 28, 29 Bank of Communications (China) 153 Basel Committee on Banking Supervision 73 Bank of England 85, 103, 113, 123, 131, 238, Basel Frameworks 73 299, 305, 309–10, 311, 312 Basel I (Basel Accord 1988) 73 Asset Protection facility Fund 87 Basel II 73, 88 Bank of England Basel III 73 discount window lending facility 87 Bayern LB 118 issuance of banknotes 59, 60 Bear Stearns 6, 11, 240, 293, 298, 299, 300 quantitative easing and 65 Bear Stearns CDS 298 regulation 86 Berenberg Bank 110 Special Liquidity Scheme 86–7 Berkshire Hathaway 203, 240 Bank of Ireland 60 Berliner Bank 118 Bank of Japan 139, 140, 142, 147, 148, 293 Bernett, Sarah 245 Bank of Massachussetts 124 Bernett Capital Management’s Bernett Bank of New York 124 Diversified Global Fund 245 Bank of New York Mellon 143 BGC Partners, Inc. 275 Bank of North America 123 BGI 233 Bank of Pennsylvania 123 BHP Billiton 32 Bank of Scotland 60, 89 bid-to-cover ratio 37 Bank of the Board of Revenue 150 Big Bang 278 Bank of Tokyo-Mitsubishi UFJ 143 bills of exchange 58 bank-to-customer trading systems 22 Birmingham Midshires 310 Bankers Trust 28, 112, 133 Blackrock 227, 228, 233, 262 Banking Act 1998 (Japan) 147 Blackrock Investments 222 Banking Act 2009 (England and Wales) 60, Blackstone 307 86 Blodget, Henry 42 Banking Commission (UK) 86 BMW 286 Banking Law (1984) (France) 105 BNP Paribas 31, 102, 106, 107 banknotes 59–60 Boeing Employees Credit Union (BECU) 137 Banque de France 99, 100, 101, 102–5, 113, bonuses 90–1 116 BPCE 102, 107 Banque de l’Union Parisienne 101 Bradford & Bingley 14, 85, 312 Banque de Paris et des Pays-Bas (Paribas) branch-bank connectivity 15 101, 102 breaking the buck 230 Banque Generale 102, 103 Bretton Woods 192 Banque Hervet 102 Britannia 92 Banque Nationale de Paris (BNP) 101, British Oriental Banking Corporation 150 102 Brown Brothers & Co. 28, 29 Banque Nationale pour le Commerce et de Brown Brothers Harriman 28 l’Industrie (BNCI) 101 Brown, Alexander 28 Banque Pictet & Cie 49 Buffett, Warren 203, 229–30, 240 Banque Populaire a` Angers 101 building societies 84 Banque Royale 103 largest 92, 93 Barclays Bank 83, 84, 89, 90, 91, 117, 143, demutualization 93 146, 311 demutualized 94 Barclays Capital 31, 90, 91, 117, 279 Building Societies Act 1997 (UK) 92 Barclays Global Investors (BGI) 227, 228 Building Societies Association 92 Barclays Multi-Manager Wealth funds 53 Building Societies (Funding) and Mutual Barclays PLC 228 Societies (Transfers) Act 93 P1: OTA/XYZ P2: ABC ind JWBK490-Rolland October 5, 2010 18:6 Printer: Yet to come Index 333 Bundesanstalt fur¨ Chemical Banking Corporation 6 Finanzdienstleistungsaufsicht (BaFin) China 116–17 banking industry 151–2 Bundesbank 113–17 banking services 153–4 bond issues auction group 115 banks 149–54 Deutsche Mark and Ostmark 113–14 foreign ownership 152–3 government debt issuance 114–16 history 149–53 monetary policy and financial system 116 State Administration of Foreign exchange regulation and supervision 116–17 (SAFE) 261–2 China Construction Bank (CCB) 151, 153 C&G 89 China Everbright Bank Co. Ltd 152 Caisse d’Epargne 102, 107 China International Capital Corporation Caisse Gen´ erale´ du Commerce et de Limited (CICC) 152, 153 l’Industrie 100 China Investment Corporation (CIC) 261–2, Caisse Nationale de Credit´ Agricole 106 264 call deposits 23 Chinese Banking Coup 151 call money 24 Chinese Walls 32, 202 Calyon 107 Chubu Bank 142 Cantor Fitzgerald 275 Chuo Mitsui Trust Holdings 143, 144 capped mortgages 24 Church House Trust Plc 85, 307 Castaing, John 277 churning 221 Cazenove 95 Citibank Japan Limited 143 CCF 102 Citicorp 133 Cedel 43, 44 Citigroup 29, 45, 95, 133, 134, 137, 143, 262, central banks and market regulators 57–76 297, 311 currency issue 57–61 Citizens 90 functions 58–61 Clearstream (Cedel) 43, 44 key customers 60–1 Climate Awareness Bond 320 monetary policy implementation 61–7 Clydesdale Bank 60 government debt issuance 61–2 coinage, problems with 58–9 interest rates 62–4 Collateralized Debt Obligations (CDOs) 326 managing reserve accounts 66–7 collective investment scheme 206 open market operations 64–5 Comite´ des Etablissments de Credit´ et des quantitative easing 65–6 Entreprises d’Investissement (CECEI) as regulator 67–73 104 deposit insurance 70–1 Commercial Bank Law of China 1995 151 lender of last resort 69–70 Commercial Bank of China 150 market associations 73–5 commercial paper 36–7 payment systems 71–2 Commerz- und Disconto- Bank 111 reserve requirements 69 Commerzbank 111, 112, 115, 117, 118, 119, supervision 67–8 121 Central Bank of China 150 Comptoir Nationale d’Escompte de Paris Central Huijin Investment limited 262 (CNEP) 100, 102 Century Building Society of Edinburgh 92 Comptroller of the Currency (US) 125, 131 Cerberus 306 Continental Illinois National Bank and Trust charitable foundations and endowments Company 127, 299, 300 210–11 convertible currency 114 Charity Bank 97 cooperative banks 70 Chase 7 Cooperative Financial Services 92 Chase Manhattan 124, 132 Cooperative Group 92 Chemical Bank 132 cooperative insurer 249 P1: OTA/XYZ P2: ABC ind JWBK490-Rolland October 5, 2010 18:6 Printer: Yet to come 334 Index corporate banking 12 Dunfermline Building Society 85, 310 Corporate Finance departments 32–3 Dutch auction method 35, 36, 37, 62 Council of Regulators (US) 68 Dutch East India Company 277 county banks 83 DZ Bank 118, 119 Coutts 91 Credit´ Agricole 101, 102, 105–6, 107, 227 Ebay 285 Credit´ Agricole SA 106 electronic broking 272, 273–4 credit banking 2, 6 endowment assurance 250 credit default swaps (CDS) 323–4 Enron 295–6 Credit´ Foncier 100 Equity Derivatives House of the Year 2009 Credit´ Lyonnais 101, 102, 106 107 Credit´ Mobilier 100–1 equity follow-on issues 35 Credit Mobilier of America 101 euro, issuance 60 Credit Suisse First Boston 36 Eurobond 182 Credit Union Current Account 97 Euroclear 43 credit unions 97 Euroclear Bank 43 Currency Act (1764) (US) 123 Euroclear Clearance System PLC 43 EUROFIMA 170, 182 Dai-Ichi Bank 139, 140 European Bank for Reconstruction and Dai-Ichi Kokuritsu Bank 139 Development (EBRD) 194, 195, 196 Daiwa 146 European banking 81–2 Darmstadter¨ 111 European Central Bank (ECB) 60, 113, 116, Debre-Haberer´ reforms (1966–69) 106 131, 294 Debt Management Office (UK) 61 Deposit Facility 64 demutualization 93 Executive Board 63 Denmark deposit guarantee scheme 82 Governing Council 63 Dentists’ Provident Society 96 interest rates 63 deposit guarantee scheme 81, 82 Liquidity Committee 63 Deposit Insurance Corporation of Japan 148 Marginal Lending Facility (MLF) 64 deposit insurance systems 70 Minimum Bid Rate 64 Designated Market Makers (DMMs) 279 Standing Facilities 64 Destiny Credit Union, Wisconsin 137 European Economic Community (EEC) 315 Deutsche Bank 28, 31, 111, 112, 115, 117, European Free Trade Association (ERTA) 318 118, 119, 121, 133, 143, 154 European Investment Bank 191, 192, 193–4, Deutsche Bank Microcredit Development 315–22 Bank 163 Board of Directors 316 Deutsche Borse¨ Clearing 44 Board of Governors 316 Deutsche Mark von der deutschen Notenbank as borrower in the markets 319–21 (Ostmark) 113–14 direct loans 317 Deutsche Notenbank 114 guarantees 318 Deutsche Sparkassen-und Giroverbund 121 indirect loans 317–18 Deutschemark 112 as investor in the markets 321–13 Dexia 178 Management Committee 316 Dexia Micro-Credit Fund 163 European Investment Fund (EIF) 317, 318–19 disintermediated financing 95 European Public Offering of Securities
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