Banking and Securities Working Group Position Paper 2019/2020 - 银行与证券工作组建议书2019/2020 Go back »

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The banking industry and capital markets play a key role in helping the economy allocate money efficiently. Banks operate payment systems, offer loans, take deposits, and help companies and private individuals with investments. However, in order for banks to function properly, they need to be able to assess credit risk correctly and have access to a liquid and well-functioning interbank market underpinned by the central bank’s policy rate. Banks are vital for a modern economy to function properly, but also for ordinary citizens to live a normal life, which is why the banking industry is so heavily regulated. Since banks cannot cover all the credit needed in an economy, debt capital markets—such as the bond market—also play an important role. The importance of the banking market and debt capital markets differs significantly depending on the country they are based in, but both are necessary in order to create an efficient and vibrant economy.

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