The Government is rightly taking
increasing control of the banks in order to support jobs and the economy.
Not exact matches
Over the past two years, a growing number
of U.S.
banks has capped their directors» earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than
control the pace
of pay
increases.
This implies a slowdown in reforms that
increase the private sector's productivity and economic share, together with a greater economic role for state - owned enterprises (and for state - owned
banks in the allocation
of credit and savings), as well as resource nationalism, trade protectionism, import - substitution industrialisation policies, and imposition
of capital
controls.
In Australia, the lifting
of interest rates and credit
controls, and
increased competition from foreign
banks, contributed to a surge in credit growth, and a substantial
increase in risk taking in the financial sector, and in the community generally.
Among the explanations that have been put forward are the
increased credibility
of central
banks in
controlling inflation (inflation rates remain below 3 per cent across the developed world), the low level
of official interest rates in the major economies reflecting low inflation and the continuing weakness in some economies, a glut
of savings on world markets particularly sourced from the Asian region, and changes to pension fund rules in some countries which are seen as biasing investments away from equities towards bonds.
Central
banks control interest rates like a puppet on a string by raising interest rates or buying up bonds to
increase the value
of their currency, or lowering interest rates and selling bonds to decrease it.
But the survey by the
Bank of Montreal (TSX: BMO) notes that times are changing and women currently
control one third
of all wealth in North America, and that's
increasing by eight per cent annually.
Finally, in Greece, centralization
of the financial and all other
control mechanisms, and moreover the reduction
of commercial
banks along with the
increase of tax and other
controls, which refer to earlier than 10 years
controls and the rapid rythms
of clampdown on preventive measures by authorities (i.e. freezing
of funds / accounts commitments), in connection with the multi-law effect in tax cases, intensify the unstable enterpreunership's development environment.
Key Accomplishments • Reorganized the cash management system by implementing a «counting module» which
increased system efficiency by 50 % • Introduced an online
bank deposits system which reduced time (and trip to the
bank) significantly, allowing for efforts to be concentrated in other areas • Implemented a dynamic petty cash
control system, making it easy to track minor expenses • Determined the cause and root
of a financial discrepancy within hospital accounts, saving the facility $ 50,000