BizTerm Definition
Credit institutions
Full Definition

In finance this normally means Institutions which are subject to local government regulations relating to banking (i.e. which are legally required to submit periodical financial reports to the central banking authorities), not being mortgage institutions, multilateral development banks and central banks. Also to be classified as credit institution are: 1. monetary funds subject to direct or indirect control by governments or central banks such as exchange equalization funds; 2. the International Monetary Fund (IMF), the Bank for International Settlements (BIS) and the European Monetary Co-operation Fund (FECOM)


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