"l177" - 1 õppematerjal

Basic banking

newest internationally compatible EU accounting framework for a systematic and detailed description of an economy, http://epp.eurostat.ec.europa.eu/portal/page/portal/esa_2010/introduction 3 Refer to the text in chapter ... 3 Figure ... Traditional banking based financial intermediation (Pozsar and Singh, 2011, p. 3). 5.1.3.Major Financial Services Appendix 1 (p. L177/57) of above mentioned EU directive 2006/48/EC lists particularly the services of credit institutions that are subject of mutual recognition in the EU: 1. Acceptance of deposits and other repayable funds 2. Lending including, inter alia: consumer credit, mortgage credit, factoring, with or without recourse, financing of commercial transactions (including forfeiting) 3. Financial leasing 4. Money transmission services 5. Issuing and administering means of payment (e.g