FINANCIAL SERVICES and INSURANCE
Global: IMF - FSB - Worldbank - ...
- Fractional reserve banking - the current form of banking practiced in most countries
- IMF - International Monetary Fund - 189 countries, conceived at a UN conference in Bretton Woods in 1944, primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other
- FSB - Financial Stability Board of the G20 - monitors and assesses vulnerabilities affecting the global financial system and proposes actions needed to address them
- Bank for International Settlements - Risk Management...
- BIS' mission is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.
Established in 1930, the BIS is owned by 60 central banks, representing countries from around the world that together account for about 95% of world GDP. Its head office is in Basel, Switzerland
- Basel Committee on Banking Supervision: develops global regulatory standards for banks and seeks to strengthen micro- and macroprudential supervision.
- Basel I, II, III accords, based on three pillars (Minimum capital requirements, Supervisory review, Market discipline)
- Committee on the Global Financial System: monitors and analyses issues relating to financial markets and systems.
- Committee on Payments and Market Infrastructures: establishes and promotes global regulatory/oversight standards for payment, clearing, settlement and other market infrastructures, and monitors and analyses developments in these areas.
- Markets Committee: monitors developments in financial markets and their implications for central bank operations.
- Central Bank Governance Forum: examines issues related to the design and operation of central banks.
- Irving Fisher Committee on Central Bank Statistics: addresses statistical issues relating to economic, monetary and financial stability.
- US - BITS (Banking Industry Technology Secretariat) - but scope is broader - non-profit, CEO level
- US - Financial Services Roundtable
- Financial Internet Working Group
- George Soros - Soros.org
- ACTUS Financial Research Foundation
Regulation and Governance
Refer also to general governance, and to capital markets governance
- EU - EIB - European Investment Bank - 'the bank of the European Union', the lending arm of the European Union, based in Luxembourg
- EU - EBRD- European Bank for Recovery and Development, financing projects that strengthen the private sector, based in London
- World Bank - financial and technical assistance to developing countries
Payment schemas and their products
Financial service providers - payments - 'pay before - pay now - pay later'
PSP - Payment Service Providers
- US - FirstData - probably the largest provider of payment services - part of Western Union
- US - Tsys - payment services
- UK - Vocalink
- BPC - Banking Production Centre - SmartVista processing
- EU.BE - Europay (merger of Eurocard and Eurocheque) merged into MasterCard in 2002
including EMV, electronic purse, travellers cheques, ATM, POS, credit & debit cards. Brands: Eurocard, MasterCard, Maestro, Cirrus and Eurocheque. PKI: Eurocard, Mastercard, Maestron & Cirrus brands are operated under a joint Public Key Certification Service
- BE/NL/IT - Sinsys - (Banksys, Interpay, SSB) - established in 2003
- BE - Banksys (B2C focus) - established in 1979 - launched Proton in 1995 bank-ATM (Bancontact/MrCash), retail POS terminals for petro-station and distribution
s, C-ZAM, DEP-hsm's, ...
- BE - Proton World International - Johan Daemen - Prisma smartcard - including Mobile Profile version
- BE - Proton World International - other website
- BE - Ogone - electronic payments
- BE - Isabel - B2B roots, created by Dexia, Fortis, ING and KBC in 1995, SME solution via PKI secured X.400 - rooted in work by JJQ/MDS - also Zoomit
- BE - Isabel - electronic invoicing
- BE/EU - Tunz.com (now Ingenico)- eu-wide e-money issuer licensed by CBFA - parent of PingPing
- UK - NEWPSO - merger of BACS and Faster Payments,
- UK - BIBIT/RBS Worldpay - owned by RBS
- UK - BIBIT support documentation
- UK - LINK - the UK ATM network - more than 60.000 ATM's
- UK - BACS - payment system for direct debits e.g. bill payment, and direct credit e.g. salaries, are made.
- UK - BACSTEL-IP - now based on IP and PKI
- UK - Worldpay plc
- IR/US - Trintech (POS, payments)
- NL/DE - Equens - the 2006 merger of Dutch Interpay and German Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG
- NL - Interpay
- NL - Innopay - partners with Everett
- NL - Trans Link Systems - payment for public transport
- US - PayPal / x.com - electronic transfers via a ACH -
- US - Paytrust
- US (CA) - Obopay - mobile payments - since 2005
- wepay.com - tip from Kevin Findlay
- CyberSource - payment processing and anti-fraud
Banking - internet only
Banking - investment, corporate, retail, ...
Investment and private equity
- Global - CVC - service provider in private equity and credit with
$75 billion of assets under management
- US - Bridgewater Associates - in 2008 managing $140 billion in global investments for a
wide array of institutional clients, 500 employees, based in Westport, Connecticut
Financial information providers