Basic banking
funds into long-term securities.
2 The European System of National and Regional Accounts (ESA 2010) is the
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
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