Banking law. Credit organizations (most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Banking law. Credit organizations (most important)

Lecture notes, cheat sheets

Table of contents (expand)

24. Credit organizations

Credit organisation - a legal entity that is created to make profit as the main goal of its activities, and has the right to carry out banking operations and transactions on the basis of a special permit (license) of the Central Bank of the Russian Federation.

A credit organization is created on the basis of any form of ownership as a business entity: JSC, ALC, LLC.

A credit organization has a company name in Russian, may have a name in another language of the peoples of the Russian Federation, an abbreviated name and a name in a foreign language. No legal entity in the Russian Federation, with the exception of those that have received a banking license from the Central Bank of the Russian Federation, can use the words "bank", "credit organization" in their name. The use of the words "Russia", "RF", "state", "federal" and "central", derivative words and phrases from them is allowed in the name of a credit institution in the manner established by law. The credit institution has a seal with its trade name.

A credit institution is obliged to publish reports in the forms and within the time limits established by the Central Bank of the Russian Federation. It includes the following information:

1) quarterly- balance sheet, income statement, information on the level of capital adequacy, the amount of reserves to cover doubtful loans and other assets;

2) annually- balance sheet and income statement with the conclusion of the audit firm (auditor) on their reliability.

A credit institution is not liable for the obligations of the state, and the state is not liable for the obligations of a credit institution, except in cases where the state itself has assumed such obligations.

The legislative and executive authorities and local governments are not entitled to intervene in the activities of credit organizations, with the exception of cases provided for by federal laws.

A credit institution may not be obliged to carry out activities not provided for by its constituent documents, except in cases where the credit institution has assumed the relevant obligations, or in cases provided for by federal laws.

Types of credit organizations: Russian and foreign banks and non-bank credit organizations.

Bank - a credit institution that has the exclusive right to carry out in the aggregate banking operations to attract funds from individuals and legal entities to deposits; placement of these funds on its own behalf and at its own expense on the terms of repayment, payment, urgency; opening and maintaining bank accounts of individuals and legal entities.

foreign bank - a bank recognized as such under the laws of a foreign state in whose territory it is registered.

Non-bank credit organization - a credit institution that has the right to carry out certain banking operations provided for by federal law.

The governing bodies of a credit institution are: the general meeting of its founders (participants); board of directors (supervisory board); sole executive body and collegial executive body.

The sole executive body, its deputies, members of the collegiate executive body, the chief accountant of a credit institution, the head of its branch are not entitled to hold positions in other organizations that are credit or insurance organizations, professional participants in the securities market, as well as in organizations engaged in leasing activities or being affiliated persons in relation to the credit organization employing its head, chief accountant, head of its branch.

Author: Belousov D.S.

<< Back: Liability of credit institutions

>> Forward: Unions and associations of credit organizations. Banking group and banking holding

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ Corporate law. Crib

▪ Organization theory. Crib

▪ Civil procedural law. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

New devices from Buffalo 11.01.2013

The Japanese company Buffalo has demonstrated a number of new devices. Launching in spring 400, the LinkStation 2013 series of storage devices will replace the LinkStation Pro line with many new features. The new devices provide transfer rates up to 80MB/s and support BuffaloLink for remote access and content management throughout the product lifecycle.

The LinkStation 400 series includes the following devices: LinkStation 410D - a turnkey solution with a single drive up to 4 TB (available in the second quarter of 2013 at a suggested market price of $229 for 2TB (LS410D0201), $269 for 3TB (LS410D0301) and $399 for 4TB ( LS410D0401) ); LinkStation 420D is a turnkey solution with two drives up to 8TB (available Q2013 289 at MSRP of $2 for 420TB (LS0202D369), $4 for 420TB (LS0402D469), $6 for 420TB (LS0602D719) and $8 for 420TB (LS0802D421)); LinkStation 2013E - Dual-bay (two hard drive bays), empty DIY drive enclosure (available Q149 421 for a suggested retail price of $XNUMX (LSXNUMXDE)).

AirStation's line of wireless routers and adapters will be expanded in Q2 2013 with two new 802.11ac routers and an 11ac USB adapter. DriveStation DDR, a high-performance USB 3.0 external hard drive with 1GB of RAM for faster file transfer speeds, will also be available in Q2013 XNUMX.

Buffalo Technology also showcased the new Air LinkTheater. The wireless adapter is Miracast compatible and allows users to share their wireless display from multiple supported devices. Users can easily display content from their Android smartphones or tablets on a TV screen or conference room projector in real time. The LinkTheater Air is Miracast compatible and its small size makes it easy to place.

Other interesting news:

▪ Tests of the prototype Martian drilling rig

▪ Huawei's first commercial 5G 3GPP chipset

▪ Carbon ring

▪ Gmail mobile

▪ HGST Endurastar J4K320 hard drives for automotive electronics

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ section of the site History of technology, technology, objects around us. Article selection

▪ article Industrial ventilation and air conditioning. Basics of safe life

▪ article Where do bees live that are able to kill hornets by overheating? Detailed answer

▪ article Shortness of breath. Health care

▪ article Mixed connection of acoustics to radio tape recorders with amplifiers of different power. Encyclopedia of radio electronics and electrical engineering

▪ article Accumulator installations. Application area. Encyclopedia of radio electronics and electrical engineering

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews