Banking Regulation and Risk Coursework Example | Topics and Well Written Essays - 3500 words

Banking Regulation and Risk - Coursework Example The debit and credit cards are also offered to the customers depending on the kind of services they need from the institutions. Finance is a crucial sector in the field of financing which is the funding to the customers in order for them to be successful in life. It is also logic that the customers need techniques for them to manage their financial activities. When I say about banking, it is the financial institutions that are working on different kinds of business. For one to understand the challenges and risks of banking, it is good to understand the types of business involved in the banking system. This depends on the type of banks running the business whereby some banks carry out different functions depending on the size of the bank. Some banks are large and offer a large number of services to the customers which have complex functions that are more specialized. It is not all the banks that have same financial activities and functions but they vary depending on the kind of services the customers need. Banking is usually divided in the following types; It is a bank that deals with the maintenance of the country’s economy. Without the central bank the country can not have a stable economy. The banks normally deal with the circulation of the buying and selling currencies in the country and it controls the interest rates of the amounts. The bank also acts as the last resort lender to other banks when they face trouble. It is a bank that is separate from other banks in the country. Retail banks are the banks at the streets where many people in the country access the banks. The banks collect deposits from the customers and give saving facilities to them and they pay interests on the accounts. The banks also lend the customers with money and charge them a certain amount of interest depending on the rates. the banks also provide other services to the customers. This are banks that have