Now he wants the level of financial intermediation in the economy to rise threefold.
The process of connecting savers with borrowers, and providers of capital with users of capital, requires intermediation.
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Simply put, the process of connecting savers with borrowers, and providers of capital with users of capital, requires intermediation.
Particularly in boom periods, non-regulated institutions tend to take on an increasing share of intermediation and cross-border credit provision.
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The lack of financial intermediation is probably Russia's single biggest economic weakness.
Asset Management involves the provision of financial intermediation services to its corporate and individual customers, and Insurance segment provides general and life insurance products.
New media, most recently social media and peer-to-peer (P2P), offer ways for people to process transactions like payments that historically have required extensive intermediation by banks.
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According to Volcker, the rationale for limiting the size of institutions arises from the vital capital intermediation and payment system functions they provide for the real economy.
Under the second, more desirable outcome, financial intermediation will aim to be more of a service, less of an ego-trip for the participants, and considerably less well paid.
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Consumers because absolutely everything is made through the intermediation of the financial system and at each point of such contact with that system the tax will be charged.
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The services survey includes transport, storage and communication, financial intermediation, business services, personal services, computing and IT, and hotels and restaurants, but does not include the retail sector.
Putin has consistently rejected all offers of dialog or intermediation.
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But Mr Razali's attempts at intermediation have made little progress.
And we've been persuaded of the merits of financial intermediation, so much so that we think we're investing when we buy the second-hand stock of a company that has been in issue for many years.
While lower income people probably do spend a larger percentage of their marginal income on consumption in the short run, the income of higher income people usually gets spent, either directly on physical investment or indirectly on investment after financial intermediation.
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I'd also put in the end of bubble-and-bust financial regulatory reform, and there's a very nice chapter talking about where financial crises come from, what financial intermediation is and why it's important, and the logic of the administration's financial regulatory reform proposal.
Intermediation is not truly groundbreaking.
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In particular, it may be difficult to determine whether principal risk has been retained because (i) the retention of such risk is necessary to provide intermediation and liquidity services for a relevant financial instrument or (ii) the position is part of a speculative trading strategy designed to realize profits from price movements in retained principal risk.
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