Bank Practice and Management inclusive of ratios and graphs Essay

Bank Practice and Management inclusive of ratios and graphs - Essay Example The main objective of the bank during its incorporation was to support the growth of Malaya that had just gained independence by financing economic development and offering modern financial services to the people (Maybank 8). Over the decades, Maybank has continued with expansion and embraced innovation by offering diverse products to its customers and supporting Malaysian citizens who invested or were trading abroad. Presently, Maybank has emerged as the largest company based on market capitalization in the Bursa Malaysia and is also identified as a leading bank in the region. The bank is currently guided by its mission of offering â€Å"humanising financial services across† and its well articulated vision of becoming a leader in offering financial services in the region (Maybank 10). Overview of the Bank Activities Maybank offers a range of financial products including commercial banking, stock broking, investment banking, Islamic banking, trustee services, asset management and insurance. The banking group has several subsidiaries. The Malayan Banking Berhad is the listed entity and holding company of Maybank Group. Mayan Banking Berhad has branches in Malaysia, London, Singapore, New York, Bahrain and Hong Kong. Some of the international unit subsidiaries of Maybank include PT Bank Internasional Indonesia TBK (BII), Maybank Philippines Inc., and Maybank International L (Ltd) (Maybank 34). Furthermore, the major subsidiaries of the banking group are Maybank Islamic Berhad, Maybank Investment Bank Berhad and Etiqa Insurance Berhad. Maybank Investment Bank Berhad is fully owned subsidiary of the group and is the main investment branch of Maybank. Kim Eng Holdings Ltd is also wholly owned subsidiary of Maybank and is the â€Å"regional securities powerhouse†. Maybank Islamic Berhad is the biggest provider of Islamic financial services throughout the Asian Pacific region. The 100 percent owned subsidiary owned by Maybank is the 17th Islamic banking institution in term of compliance to Shariah assets (Maybank 55). Tbk is 97 percent owned by Maybank and offers financial services such as Consumer and Corporate Banking and SME/Commercial services. The associate companies of Maybank Group are the MCB Bank in Pakistan and An Binh Bank in Vietnam both of which the group has 20 percent stake. The group corporate structure of Maybank is subdivided into four main areas, that is, commercial banking insurance and investment banking. The commercial banking includes various subsidiaries of the bank either owned wholly or partly. Additionally the investment banking section consist subsidiaries such as Maybank Investment Bank, Maybank IB Holdings SDN among other ventures. The insurance section includes all the subsidiaries that offer insurance services to customers. When it comes to the organizational structure, Maybank is headed by a board of directors which is then supported in its activities by the Chief Audit Executive, Head of Compliance and the General Counsel and Company Secretary (Maybank 85). The next in the hierarchy is the president assisted by several deputies. The deputies are in charge of Community financial services, global wholesale banking and group financial services. Maybank Group has developed several strategic objectives to be achieved by 2015. These goals include becoming the number one retail financial

About the role of Quantitative Easing in helping the UK out of the Essay

About the role of Quantitative Easing in helping the UK out of the slum - Essay Example The conditions following the financial collapse were by no means normal, however, and the Bank of England had to innovate. As conventional monetary tools became virtually ineffectual, the BOE started pursuing Quantitative Easing (QE) monetary regime. Joyce et al. (2011) defines QE as a government’s policy of expanding the central banks balance sheet with an objective of increasing the level of central bank’s reserves. The main purpose of the BOE in introducing the program was to expand the balance sheet. QE policy includes purchasing of assets from the financial market with an objective of imparting additional liquidity. Secondly, it seeks to affect the term structure of interest rates by influencing markets expectations on future interest rates. BOE’s decision to open asset purchase window marked the transition of BOE policies from a conventional regime to an unconventional QE regime. In early 2009, the Bank of England (BoE) introduced a large-scale asset purchase (LSAP) programme called quantitative easing (QE). When the intensity of global financial crisis was high following the collapse of Lehman Brothers in 2008, most governments and central banks around the globe introduced a variety of ways meant at stabilising financial conditions and supporting aggregate demand (Joyce et al., 2011). The main focus of BOE was to purchase large amounts of UK government bonds (gilts) from non-financial institutions. The BOE finished the LSAP program in early 2010, but it restarted it in October 2011. The main intention of the BOE in engaging in QE program was to boost liquidity in UK financial markets and help in restoring stability in credit and bond markets. The BOE was responding to continued deterioration in world economic growth, excessive market volatility and persistent problems in international credit markets. In response, the BOE revised the official bank rate to th e downside and reduced them by 0.5% to 1.5% in January 2009, prior to the introduction of