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Bank/Credit Institution: Difference between revisions
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===Integrated [[broker-dealer]]s in; standalone [[broker-dealer]]s out=== | |||
If your bank includes a [[broker-dealer]], or investment bank, within the same legal entity as a deposit taking institution — like UBS AG or Barclays Bank PLC does, for example — you are a [[Bank/Credit Institution]]. If you are a specialised [[broker-dealer]] or [[investment bank]] without its own built-in deposit-taking bank — like Goldman Sachs International — you are an [[Investment Firm/Broker-Dealer]]. | |||
===Say what? European ''Community''?=== | ===Say what? European ''Community''?=== | ||
Details freaks will have immediately spotted a reference to the long-since defunct, dear old, [[European Community]], which for practical purposes was subsumed into the [[European Union]] as early as 1993, but finally formally dissolved in the Treaty of Lisbon in 2009, at about which time ISDA was finalising the most recent version of its counterparty types. | Details freaks will have immediately spotted a reference to the long-since defunct, dear old, [[European Community]], which for practical purposes was subsumed into the [[European Union]] as early as 1993, but finally formally dissolved in the Treaty of Lisbon in 2009, at about which time ISDA was finalising the most recent version of its counterparty types. | ||