
	Where results make sense

Topic: Banking license

Related Topics

Banking

Islamic Development Bank

Loan

International Finance Corporation

International Monetary Fund

Banknote

Advertising

Brand

Cockney

1521

In the News (Wed 2 Dec 09)

Northern Trust

Marvin Harrison

Peter Chernin

Gary Locke

Match Play

Penelope Cruz

Mickey Rourke

AR Rahman

Danny Boyle

Hugh Jackman

	Banking license
		A banking license is a prerequisite for a financial institution that wants to provide banking services.
		Under most jurisdictions the fundamental banking activities, such as taking deposits from the general public are exclusive to holders of a banking license.
		However some banking services may be provided without meeting the legal definition of a bank, not holding a banking license.
	www.ebroadcast.com.au /lookup/encyclopedia/ba/Banking_license.html (69 words)

	Rule of Law Through Technology : Level 4 Page (Site not responding. Last check: 2007-10-12)
		Banks shall be independent financial institutions that take all kinds of money deposits from physical and legal persons, preserve their secrets, provide credit and execute other banking activities recognized by law.
		In the event that the financial position of a bank is such that it is not in compliance with the minimum requirements of its activity pursuant to this law, the bank may, by decision of the Bank of Albania, be placed under conservatorship in order to preseve, remedy or resolve the bank's financial position.
		The conservator appointed by the Bank of Albania shall be authorized to adopt any measure required to normalize the situation of the bank, including the closure of branches, agencies and other such offices and the dismissal of Administrators and employees deemed by him to be redundant or unfit to perform their duties.
	pbosnia.kentlaw.edu /resources/legal/albania/banking.htm (4109 words)

	NAURU BANKS
		The Bank of Nauru, having been established under the Bank of Nauru Act 1975, acts as the central bank of the country with powers under the Act to conduct all the banking operations as a national bank as well as an international bank.
		Banking licenses are granted only to persons who have a sound financial standing, are well reputed in commercial and financial circles and have acquired sufficient expertise in banking, trade and industry.
		The validity of the license unless extended for further periods from time to time shall expire on completion of ten years or on the date the licensee ceases to remain incorporated in the Republic of Nauru whichever is earlier, unless the license is revoked earlier by the Minister for any reason whatsoever.
	www.taxhavenco.com /osm/BankCharter.html (1440 words)

	Offshore Banking Licenses
		Full banking activities will only be permitted by branches or subsidiaries of banks with a well established and proven track record and which are subject to effective consolidated supervision by their home supervisory authority.
		Banks will only be granted licenses if their place of incorporation, mind and management are within the same jurisdiction, or, in the case of a subsidiary, if the mind and management are located in the jurisdiction in which consolidated supervision is being exercised
		A restricted license enables the holder to provide banking and/or trust services only to a specified class of associated individuals or companies who would normally be named in the license or in a schedule attached to the license.
	www.offshoreadviser.co.uk /ow_oe_bank_licenses.htm (3484 words)

	AN INTRODUCTION TO OFFSHORE BANKING
		Locations which are suitable for offshore banking normally limit their primary regulations to control banking operations within the domestic sphere and provide a more relaxed set of banking rules for activities conducted with non-residents.
		The license requirements for offshore banks are simplified to a large extent and quite a lot of applicants are eligible for such a license.
		An offshore banking center which does not impose interest withholding taxes will normally be preferred by clients of the offshore bank and will also be attractive to the offshore bank as interest withholding taxes are often part of its funding costs.
	banking.8k.com /info/global2.htm (4317 words)

	The Dominion of Melchizedek -- The Banking Act of 1991
		Banks are also required to maintain an overall equity of at minimum, three percent, (3%) of gross capital/ assets.
		Only those Banks whose original Charters and Licenses granted them exclusive authority and rights to "Grandfathering" under future legislation shall be entitled to such privilege, unless the Minister of Finance, at his sole discretion, determines otherwise on a case by case basis.
		Any bank that is licensed by the Minister of Finance as a Class B bank shall be prohibited from taking deposits from Melchizedekians and may not conduct its business within the Dominion of Melchizedek.
	www.melchizedek.com /gvmtdocs/banking.htm (2011 words)

	NYSBD - Part 410 of the Superintendent's Regulations
		Applicants for a mortgage banking license shall demonstrate to the superintendent's satisfaction that they have five years verifiable experience in the business of making residential mortgage loans or similar lending and credit evaluation experience or that they have engaged or shall engage in their employ one or more persons having such experience.
		Application for a license to engage in the business of mortgage banking shall be made in such form as may be prescribed by the superintendent and may be obtained by written request addressed to the New York State Banking Department, One State Street, New York, NY 10004-1417, Attn: Mortgage Banking Division.
		Section 592-a of the Banking Law provides that the superintendent may register applicants as mortgage brokers if he shall find that the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the community and to warrant belief that the business shall be operated honestly and fairly.
	www.banking.state.ny.us /legal/rgmb410.htm (5261 words)

	Offshore banking, off-shore bank license, Swedish Credit Unions
		A number of countries require the registered capital of a bank to amount to hundreds of millions of dollars, which must often be fully paid up still before the issuing of the license or they concentrate their attention only to those entities who already have a bank license in another country.
		General bank license is understood in a majority of jurisdictions as a license for the providing of bank services at the place of registration or international bank services for the public.
		Restrictive bank license (often referred to as the "internal" license) is a license which limits territorial activities of the bank, possibility of providing services in foreign currencies or to certain persons.
	www.slogold.net /banks.html (2150 words)

	Banker Middle East - The business of banking
		Meanwhile, the two-existing offshore sub-categories of Offshore Banking Unit and Investment Banking License are to be merged and replaced with one unified 'Wholesale Bank' license sub-category.
		What we are offering now is for them to streamline their operations and have one or two licenses, that would be a significant reduction in terms of reporting and complying with regulations, staffing and cost of doing the business.
		The offshore banks, which we now call wholesale banks, because of the freedom given to them now to transact business with high-net-worth individuals and corporates visiting Bahrain, means there will be more competition leading to better service and pricing for consumers.
	www.bankerme.com /bme/2006/jul/bma.asp (1001 words)

	Palau Offshore
		Legal status for banks incorporated in Palau is the same for both offshore and domestic institutions.
		It is an attractive jurisdiction for obtaining a banking license.
		Each bank incorporated in Palau should have at least three shareholders and three directors that all are residents of Palau.
	www.firstadvisor.com /palau.htm (577 words)

	ARTICLE 4 BANKING LAW BUSINESS LICENSE (Site not responding. Last check: 2007-10-12)
		Banking business cannot be conducted unless it is by parties licensed by the Minister of Finance.
		The Minister of Finance, when he has received an application for a banking business license, must make an examination as to whether or not the following standards are satisfied.
		(1) The party who has applied for a banking license (hereinafter in this Paragraph referred to as the "applicant") has a sufficient asset base for the healthy and efficient performance of the banking business and whether the outlook for the income and expenditures of the said business of the applicant is favorable.
	www.japanlaw.info /banking/article4.htm (237 words)

	BDO Barrett & Partners - Vanuatu - Accountants and Business Advisers - Banking
		The banking industry is primarily regulated by two pieces of legislation, Financial Institutions Act No. 2 of 1999 and The International Banking Act No. 4 of 2002.
		The time taken for approval or decline of an International Banking License from receipt of the application and all supporting documents and information as requested by the Reserve Bank is 4 months.
		Substantial shareholders (including foreign bank parents) should provide a written undertaking to provide any additional capital, if required, and that their involvement in the bank will be more than temporary.
	www.bdovanuatu.com /bank2.htm (1655 words)

	German op leads banking license rush - Company Business and Marketing CommunicationsWeek International - Find Articles
		A number of European mobile operators have applied for full banking licenses in their countries, raising expectations that telecoms companies will offer financial services and credit to customers, to support their move into electronic commerce.
		But the prospective wireless banking service providers are still wavering about whether to engage a banking partner in their plans, or go it alone.
		Christian Terfloth, partner at Cluster Consulting in Munich, said that acquiring a banking license and operating financial services lone-ranger style may be the logical next step for ambitious operators, especially in the light of the mammoth costs of 3G licenses.
	findarticles.com /p/articles/mi_m0UKG/is_2000_Oct_9/ai_66383010 (861 words)

	Belize Offshore, Offshore Company, Belize IBC, Offshore Trust – Orion IBC (Site not responding. Last check: 2007-10-12)
		Upon acceptance by the Central Bank that the application package is in order and that all the required sections of the application have been properly addressed, the applicant's local contact is subsequently notified of the Central Bank's approval or disapproval for the issuance of an international banking license.
		If approval is granted by the Central Bank to issue a license, the organizers of the bank are expected to organize the new bank on a timely basis and to abide by all relevant laws, regulations and conditions attached to the approval.
		With the Central Bank of Belize's thoroughness in the consultation and vetting process and its commitment towards incorporating best practices and basic standards as recommended by the Basle Committee on Banking Supervision, Belize is one of the better choices to consider for the granting of a reputable International Banking License.
	www.orionibc.com /investments.html (2301 words)

	MiamiHerald.com \| 08/04/2006 \| Walmex applies for retail banking license (Site not responding. Last check: 2007-10-12)
		Wal-Mart de Mexico, or Walmex, said in a release Wednesday it will make an announcement ''the moment that this process results in the granting of a banking license.'' The unit had 818 retail stores and restaurants at the end of June.
		Mexico's large retail banks typically have shunned this market, in favor of lending to middle- and upper-income individuals and corporations.
		''A banking license would allow Walmex to further differentiate value for consumers, and would provide leverage against an oligopoly banking system reluctant to take spreads and fees lower,'' Merrill Lynch analyst Robert Ford said in a research note.
	www.miami.com /mld/miamiherald/business/15194076.htm (310 words)

	Banking Licenses \| Finance License Offshore (Site not responding. Last check: 2007-10-12)
		We maintain a portfolio of several different bank licence configurations, to satisfy your specific needs, from deposit handling, leasing and factoring, up to credit card services, trading and loans.
		Utilizing this correspondence bank account will enable you to manage all payments receipts and outgoing payments for your financial institution and its financial services.
		Your advantage: the technical effort is minimal, as your accounts are kept by another bank, and you only need to register and maintain the account transactions in your finance administration software.
	www.banking-licenses.com /t1.html (252 words)

	offshore bank license, offshore banking license, form offshore bank, bank account, asset protection, financial privacy
		Offshore banking licenses and offshore banking is a fast growing sector in this part of the Caribbean.
		One of the key features to obtaining an offshore bank licence, according to the Dominica Offshore Banking Act, is that there must be total transparency in respect of the shareholders and directors of each offshore bank.
		Our expertise in offshore banking allows us to take the international client through all the stages necessary to ensure that your offshore banking license application is successful, allowing you to form an offshore bank in Dominica.
	www.tryoffshore.com /services/services_offshore.html (730 words)

	Mortgage Banking Bulletin: Employees with Felony Criminal Records, Hazard Insurance, Unlicensed Branch Offices, and ...
		Under section 595.1(b) of the Banking Law, the Superintendent can revoke any existing license or registration on the basis of any fact or condition, which, had it existed at the time of the original application, would have warranted the Superintendent in refusing to originally issue such license or registration.
		However, the licensee or registrant should inform the Department of each such individual, the crime for which he or she was convicted, when the conviction occurred and the specific procedures that the licensee or registrant has implemented to ensure that this individual is properly supervised.
		Part 38.9 (a) of the General Regulations of the Banking Board requires that no mortgage banker or exempt organization may require any mortgagor to obtain a hazard insurance policy in excess of the replacement cost of the improvements on the property as a condition for the granting of a mortgage loan.
	www.banking.state.ny.us /mb030812.htm (916 words)

	Offshore Banking License (Site not responding. Last check: 2007-10-12)
		The legislation has been especially written to prevent the use of a banking license for illegal and immoral purposes.
		Partial licenses cost less and only permit the activities that have been applied for and approved.
		A foreign bank, or financial institution, that has existed for a minimum of two years prior to its application for a license under this act.
	www.dargouniversity.com /dargogroup/hrp_bank.html (315 words)

	BANK CHARTERS
		Summary: Nauru is absolutely the easiest jurisdiction in the world to get a banking license.
		A Nauru offshore bank should raise a minimum paid-up capital of US$100,000 within a period of two years from the date of issue of the license.
		A fee of A$1,000 or such sum or sums as may be notified by Government shall be paid on the grant of the license and in advance of each anniversary thereof, failing which the license shall cease to remain valid.
	www.offshore-manual.com /BankCharter.html (1525 words)

	Non-banking financial company - Wikipedia, the free encyclopedia
		Non-bank financial companies (NBFCs) also known as a non-bank or a non-bank bank, are financial institutions that provide banking services without meeting the legal definition of a bank, i.
		one that does not hold a banking license.
		Operations are, regardless of this, still exercised under bank regulation.
	en.wikipedia.org /wiki/Non-banking_financial_company (125 words)

	DomaniCell Obtains Stem Cell Banking License
		DomaniCell is applying for similar licenses, where required, in States throughout the country as it launches its hospital-based family cord blood collection and storage service.
		In addition to state-level licensure, DomaniCell’s licensed program also includes a nationwide license from PharmaStem Therapeutics, Inc. to PharmaStem's patent portfolio for the storage and use of umbilical cord blood.
		“Our license strategy allows DomaniCell to enter into relationships with hospital partners to develop their own cord blood stem cell banking program that is built on DomaniCell infrastructure and technology,” states DomaniCell President Dennis Fallen.
	www.emediawire.com /releases/2006/10/emw448991.htm (381 words)

	Barclays obtains banking license to operate in Qatar (Site not responding. Last check: 2007-10-12)
		Barclays Bank PLC (Barclays) has announced that it has been granted a banking licence by the Qatar Financial Centre Regulatory Authority to operate from the Qatar Financial Centre (QFC).
		Barclays Capital is one of the most prominent investment banks in the Middle East having significantly expanded its resources in the region in the past few years.
		Their determination to obtain a license so quickly underscores the value they see in growing their business in Qatar and their recognition of the first class business and regulatory environment that we have created.
	business.maktoob.com /bankingnew.asp?id=20060910102248 (727 words)

	Forbes & Assoicates Offshore Services
		A banking license must first be obtained from the Supervisor of Banking and Trust Corporations before commencing banking operations.
		An offshore bank is not subject to any reserve requirements as specified under the Banking Act that regulates the operation of local (commercial) banks.
		The banking corporation is exempted form the payment of all taxes for a period of fifty (50) years.
	www.forbesoffshore.com /banking.htm (631 words)

	Verify License (Site not responding. Last check: 2007-10-12)
		Check or verify a license, permit and/or registration held by individuals and businesses regulated by the State.
		of your personal license application submission or renewal, please contact the licensing agency directly.
		To determine if you need to apply for a given permit or license, you should consult any and all relevant laws, regulations, and official materials.
	www.ct-clic.com /verify.htm (211 words)

	People's Daily Online -- Hong Kong grants banking license to Land Bank of Taiwan
		The Hong Kong Monetary Authority (HKMA) announced Friday that it had granted a banking license to Land Bank of Taiwan Co., Ltd. (LBT) under the Banking Ordinance.
		The granting of this banking license took effect on Dec. 21, 2006, said the HKMA, adding that after the granting, the number of licensed banks in Hong Kong had increased to 138.
		According to the July 2006 issue of The Banker, LBT is the third largest bank in Taiwan and the 174th largest bank in the world in terms of total assets.
	english.people.com.cn /200612/23/eng20061223_335237.html (139 words)

Try your search on: Qwika (all wikis)