How To Become A Successful Financial Service Professional Or Research Analyst

In todays world, more and more companies are on the look out to employ financial consultants to effectively meet the accounting/investing needs of their corporation. Hence, job opportunities for a financial consultant are significantly on the rise. By becoming a financial advisor, one can set foot into the exceedingly dynamic sector of financial management and planning.

In the domain of financial management and planning one can find jobs such as a :-

Financial service provider

Research analyst

Financial consultant

Whilst hiring a the following skills and capabilities are sought after by the employers-

In the highly dynamic field of financial management and planning a professional must have the ability to attend to detail, organise and handle multiple tasks together.

The capability to find out the logic behind a problem or situation is a must for financial consultants.

An upcoming financial advisor must be competent in the monitoring of securities, trading of money and analysing of the stock market. A Financial service professional must have the ability to recognise trends in the stock market and generalise from it, rationalise the reason behind the trends and predict the time period of these trends. This process is beneficial for both corporate and personal investors to make informed decisions.

A vital aspect of the domain of  financial services  is to help customers understand the market and to make secure and precise predictions. It is to be noted that making predictions about future trends is often indistinct and at times can be risky. But the skill of a good financial service professional is that he has the ability to foresee significant features of the market and has a good overall perception of issues that are likely to affect this market.

Assisting private investors is a major part of the work profile of a financial service professional. Hence the financial professional is expected to have specialised knowledge of tax laws, alterations that are probable to take place to the existing tax laws and influence of these changes on estate planning / investment.

A good understanding about investments/insurances/complexity of the stock market is a vital skill which is required in order to be a successful financial service professional.

Good communication skill is also another crucial factor for becoming a proficient finance professional.

The  qualifications required  to work as Financial Service Professional is a Bachelor’s Degree in Business Administration or Economics or similar. Additional knowledge of global markets and corporate finance, in-depth know how of economics and analysis of risk, trading in the forex market and commodities market is an added benefit.

These are the basic skills you ought to possess for exploring your opportunities in the wide arena of Financial Management and Planning and becoming a Financial Services Professional.

Home Automation System Puts Control in Your Hands

Would you like control at your fingertips? With home automation, it can be yours.

It was an exciting day in America when remote controls were first invented. You could turn your television on from your easy chair even though there were only a handful of channels. Progress has marched on over the years, with remote controls becoming commonplace for all kinds of toys and electronics. Entertainment and Lighting

Many people, in fact, bought storage devices to hold all of their controls – for the TV, the VCR, the DVD player, the cable and even the stereo system. With a home automation system, all your controls are in one spot – online. You can access the controls from a Smartphone, tablet, labtop or computer. And home automation is not just for your entertainment systems, but for many other functions, including lighting and temperature control.

Is it too bright? Too dark? You might have dimmer switches installed, but who wants to constantly get up to adjust them? With a home automation system, you can control the light in any and all rooms of your home, or even in predetermined -zones,- all from one spot. External lighting is also easily controllable. Part of controlling your home’s light includes regulating the amount of natural light allowed into the room. Blinds and drapes can both be controlled remotely, adjusting not just for light, but for privacy. These functions can be programmed into your automation system as well, helping you to wake up and get to sleep on time.

Climate and Security

Just as important as lighting control is climate control. Programmable thermostats help keep the temperature steady and save money, but a home automation system allows you to control the temperature in each individual room, thereby saving more money, and energy too. As you control the amount of sunlight allowed into each room, so you can control the amount of heat or air conditioning. Your home’s security system also can be configured into your home automation system. You can lock any of your entry doors or your garage door remotely, or you can program them to lock and unlock themselves at a certain time each day.


If you have surveillance cameras to protect your property when you are away from home, these too can be controlled remotely. You can change settings or view recorded video not just with your control device at home, but with any mobile device. Concerned about whether the gardener came to water the lawn or whether your teen is having company while you are out? Simply log on with your smartphone and view the footage of who is coming and going on your property.

These practical uses, plus the ability to stream different music or movies into any room in the house, are all possible with a home automation device. Save yourself time and money by programming and controlling your electronics with the touch of a button. TYM Homes of Salt Lake City, Utah, can help you automate your home’s functions, and bring you control you want at the touch of a button!

Guaranteed Car Finance In Australia

Loads of websites treating about car finance promise you guaranteed car finance, guarantee car finance may be easy, but guarantee a competitive rate and reliable car loan may not. So to get a good car finance option for you next car purchase, you must take your time, figure out how much you can afford and apply on line for a car loan or a pre approved loan tailored for you.

How much can you afford?

The first thing you have to worry about is to work out the details of your car finance, if you come to a car loan lenders asking for an enormous finance telling them you will pay back a big amount each and every weeks, you wont have any finance. The bigger amount you want to borrow, the less chance you will have of getting approved. So first of all, choose a reasonably priced vehicle, so you will have to lend far less money and as consequence you will improve your chance of getting approved for car loan.

How Much I am going to pay every week?
Second of all you have to choose a cheap repayment option. Define how much you are currently earning each weeks and how much you are currently spending per weeks. The difference of these two is a good indicator of what will be you repayment plan. Knowing your budget and sticking to it gives you better chance of being approved by lenders. If you have some savings to go towards you new vehicle, use it as a deposit because the more money you put as a deposit, the more chance you have of getting an approval for a finance.

Have a look around on the internet?
Your greatest possibility of finding yourself guaranteed car loan is to build up a good credit rating, but dont worries if this isnt the case, you can still get approved throughout online brokers. Internet companies give you access to loads of different financial options (Bad Credit Finance, Bad Credit Loan), even if you have a few credit impaired or if it is your first time loan. The best thing to do is to apply to a secured car loan to have success in your approval. So, your purchase works as collateral and you give to the loaners more guaranties and less risk about your repayments. This way the lender wont hesitate to approve you for car finance. On line companies applications are reasonably quick and easy, so you can submit an application while you are sitting at home.

And finally…

Before applying, make sure you know which type of car loan will give you the best chance of getting approved, In accordance to your current condition, try to decrease your outgoings, to increase your earns, make habitual payments into your savings account to prove to the broker that you are financially trustworthy. You have to be prepared to get approved for a car loan or a car finance in Australia even if you are applying on line. So make sure you have personal details, proof of income, employment details and any other documents to prove that you can save cash and make trustworthy repayments. After that, Sit down and wait for your approval or pre approval to go shopping with confidence.

Financial Statistics On Happinet Corporation – Company Capsule

Financial Statistics on Happinet Corporation – Company Capsule glad to promote “Financial Statistics on Happinet Corporation – Company Capsule” gives a crucial resource for industry executives and anyone looking to access key information.

Consumer Packaged Goods’s “Happinet Corporation – Company Capsule” contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, financial ratios, key competitors, financial analysis as well as key employees


Consumer Packaged Goods’s “Happinet Corporation – Company Capsule” is a crucial resource for industry executives and anyone looking to access key information about “Happinet Corporation”

Consumer Packaged Goods’s “Happinet Corporation – Company Capsule” utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. Consumer Packaged Goods strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.


Identifies crucial company information about “Happinet Corporation” along with major products and services for business intelligence requirements.
Provides analysis on financial ratios.
Identifies key employees to assist with key business decisions.
Provides annual and interim financial ratios.


Enhance your understanding of “Happinet Corporation”
Increase business/sales activities by understanding customers businesses better.
Recognize potential partnerships and suppliers.
Qualify prospective partners, affiliates or suppliers.
Acquire up-to-date company information and an understanding of the companys financial health.

Key Highlights

Happinet Corporation (Happinet Corporation) is a toys, audio-visual software and video games manufacturer and retailer of based in Japan. The company is involved in selling toys and playthings, and manufacturing character products. It also develops, produces and sells audio-visual software and video game software and hardware products. The company is a member of The BANDAI NAMCO Group. Its subsidiaries include Happinet Marketing Corporation, Happinet Pictuers & Music Corporation and Happinet Vending Service Corporation among others. The company was incorporated in the year 1969. Happinet Corporation is headquartered in Tokyo, Japan.

Table of Contents

1 Business Analysis
1.1 Company Overview
1.2 Major Products and Services
2 Analysis of Key Performance Indicators
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators
2.2 Key Financial Performance Indicators
2.2.1 Revenue and Operating Profit
2.2.2 Asset and Liabilities
2.2.3 Operational Efficiency
2.2.4 Solvency
2.2.5 Valuation
2.3 Key Competitors
3 Key Employees
4 Appendix
4.1 Methodology
4.2 Ratio Definitions
4.3 Disclaimer

List of Tables

Table 1: Major Products and Services
Table 2: Key Ratios – Annual
Table 3: Key Ratios – Interim
Table 4: Key Capital Market Indicators
Table 5: Key Employees

List of Figures

Figure 1: Revenue and Operating Profit
Figure 2: Financial Position
Figure 3: Operational Efficiency
Figure 4: Solvency
Figure 5: Valuation

For more information visit :


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Company Profiles And Conferences
Phone: +91.22.27810772, 27810773
Fax: +91 22 27810778
Email : [emailprotected]
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Financial Goals, Objectives, Strategies And Tactics That Support The Company Mission And Vision

Do you have a strategic financial plan?

A strategic business financial, or capital plan is your road map to align your borrowing, investing and spending activities with the company mission and vision. Your financial plan is not your financial forecast or your budget. These are documents that memorialize the projected results from your strategic goals, objectives, strategies and tactics. Your strategic financial plan is how you will get to the results in your budget. Your borrowing will be more effective, your spending more powerful and your investing more accretive with a well constructed strategic financial plan.

The first step in capital planning is to identify your company mission and vision. These are high-level guiding statements about what the company is and where it is going. Typically, senior level executives are responsible for determining the company direction and often use the collaborative efforts of other employees to set a business course. Your capital plan must line up with the company mission and vision and provide financial support to the business functions that drive the organization forward. Spending, investing and borrowing activities must support the company mission and vision to achieve desired business outcomes. Debt and equity can be effectively employed to generate positive mission and vision leverage.

The next step is to set out capital goals that line up with the overall company goals. Goals are boundaries, limits or end points along the journey to business growth. Goals are by nature general, broad and non-specific. Don’t include specific measurable benchmarks in your goals. Improving financial durability is a good example of a capital goal. How we achieve the goal is the function of capital objectives.

Business objectives are quantifiable and specific milestones that support the attainment of business goals. Capital objectives are measurable hurdles using relevant financial metrics such as the amount of leverage or liquidity. Limit your financial objectives to three or four critical areas that will advance your business goals. You might decide to move your leverage ratio to 50% of total capital which is in-line with the average of your industry competitors. This objective supports the goal of improved financial durability by increasing resilience during economic or financial market disruptions. If cash flow falls or credit is tight your company can operate without crippling debt service or refinancing stress.

Strategies are the plans designed to accomplish business objectives. There may be one or more strategies for each financial objective. Executives design capital strategies to lay out how the company will achieve its financial objectives. Think of strategies as a blueprint a general would create to fight a battle. They are the high level plans to accomplish a business objective. The chief financial officer might design a capital strategy to identify and payoff certain loans with small prepayment penalties to support the objective of a 50% total leverage ratio. She also might develop a strategy to obtain new equity from investors as a source of funds to retire debt.

Tactics are the actions required to implement financial strategies. They are detailed marching orders with specific instructions and coordinated movement by unit level team members. Business leaders must be aware of the strengths and weaknesses of their managers and employees to carry out tactics. The wise leader makes a critical evaluation of the talent on his or her team and uses that information as a foundation for the strategic planning process.

The CFO might hold a road show with specific cities and dates to provide the most current financial and operating performance data to the highest qualified investors. Finance, investor relations and accounting staff are key contributors to developing and delivering the road show tactic. The investor capital secured by the road show supports the financial strategy of acquiring new equity capital to retire debt. The debt reduction supports the objective of a 50% total leverage ratio which fulfills the goal of greater financial durability. The company can pursue its mission and vision from a position of greater balance sheet strength.

Financial goals, objective, strategies and tactics are a strategic planning pyramid. Each element supports the elements above it. Strategic financial planning brings all the business capital activities into alignment with the global corporate identity and the direction of the company. Plan for business success through well designed and executed financial goals, objectives, strategies and tactics that effectively support your company mission.

Financial Advisors Can Help Make Your Dollar Work For You

Have you ever had a situation where you finally got that perfect job with a salary and benefits? You think that the benefits are just health insurance, but find out that there are other benefits that you have never heard of. For many it might be the option of a 401K with matching or other options from your employer. It doesn’t matter your age if you have never been given this option you might not understand all of your options and the benefits. It might be something that you feel uncomfortable asking lots of questions in a group setting.

Maybe your situation is that money is really tight and you are just meeting all of your obligations with each paycheck. You are looking ahead at retirement with hopes that somehow you will be able to do that one day. Looking at your daily checking or savings accounts you are figuring that you might not every be able retire. This can be a very challenging scenario and many people are facing this challenge.

When it comes to money it can be a very challenging situation. It can be very difficult to understand all of the different options that are available to help plan for the future. Regardless of whether you have extra money sitting in an account or not it is worth meeting with a financial advisor. In fact, most people will say that once they have met with a financial advisor in San Francisco or one in their local area they have had more hope and excitement looking to the future.
It doesn’t matter your age or status in life right now there are options that can help you plan for your future.

It is much easier to put away $50 a month right now than coming up with $ 3000 all at once. Plus with making wise investments it can end up being more than that. A financial advisor in San Francisco or anywhere can help you make plans for several different things that take a good chunk of money. Whether it is retirement, taxes, estate planning, college admissions and the list of things goes on. It is amazing how many of these things many people don’t realize all of the tax benefits and options of making their dollar work for them instead of against them.

The most important part of financial planning is getting the best planner who knows what they are doing to help you. Do your research, find someone who knows what they are doing and make them your friend and someone who is looking out for you. They can make your money work harder for you than you do working for the money.

Excursions and Attractions of Jamaica

Making proper travel arrangements prior to arriving to Jamaica is a wise thing to do. Jamaica is a little bigger than most people who have not yet visited the island thought and so one could easily think that everything is in close proximity.

We at  airport transfer  and Excursions are Jamaica vacation planners and are able to help you plan your perfect trip to Jamaica for free. The island of Jamaica is a fascinating place with a rich diverse culture. In fact the Jamaican motto is out of many one people which is permeates every sector of the Jamaican culture.

Depending on one’s interest choosing a particular resort town one may want to make inform decision on which resort town to stay because it may not be logistically easy to explore all the attractions or excursions that interest you. From the western resort town of Negril to the eastern resort town of Port Antonio is approximately four and a half hours. Ocho Rios to Negril is approximately three hours each way which is too long of a drive while on a short vacation.

Negril famous for its laid back atmosphere; the 7 mile white sand beach, cliff diving at Rick’s Caf and it is only an hour away from Montego Bay airport. The  south coast of Jamaica  is famous for attractions such as the Black River Safari Tour, Appleton Estate Rum Tour, YS Falls and Floyd’s Pelican Bar which is easily accessible from Negril which is just over an hour away.

Port Antonio, idyllic and scenic is richly blessed with beautiful waters and lush vegetation and is positioning itself to be the main area for eco-tourism. This much underrated resort town is the genesis of Jamaica’s tourism, credited as the first resort town of Jamaica. Port Antonio is featured in many famous Hollywood films such as Club Paradise and Cocktail, and is often pictured as the -ideal paradise escape.

Ocho Rios known for its waterfalls and beaches is a great option. It is only ninety minutes from the Montego Bay Airport and could worth your while. Ocho Rios, home to the famous Dunn’s River Falls and the Blue Hole Secret Falls is just ninety minutes west of Port Antonio which incidentally is the home of Reach Falls and Sommerset Falls.

However, Montego Bay is centrally located and allows easy travel time to some of the better excursions. Ocho Rios is just ninety minutes east and Negril a mere sixty minutes west. The south coast is ninety minutes away, all are waiting to be discovered by you.

Stevert Mckenzie.

Best Excursions and Tours

Dynamics Gp Frx Financial Reporting Notes

For current version of Microsoft Dynamics GP Great Plains 10.0 and 11.0 (expected to be released in May 2010), as well for all the historical versions of GP and Great Plains Dynamics and eEnterprise/Dynamics/CS+ (including versions for Pervasive SQL and Ctree): 9.0, 8.0, 7.5, 7.0, 6.0, 5.5, 5.0, 4.0 and earlier, FRx Reporting tool is the instrument of choice for Financial Reports design: Balance Sheet, Profit & Loss Statement, Statement of Cash Flow and consolidated versions of these reports. Theoretically you could design the same reports in Crystal or Microsoft SQL Server Reporting Services (SSRS), Excel, Microsoft Access Reporting, but this would take thousand percent more time, comparing to FRx. The secret of FRx is simple – it has special connector to various Corporate ERP applications General Ledgers: Great Plains, Axapta, Navision, Solomon and others. This article is written for technical consultants and IT professionals in your company and we are addressing FRx questions, which might be too technical:

1.Current version of FRx is 6.7. For Dynamics GP 10.0 Service Pack 9 (or more recent) is required for Dynamics GP 9.0 Frx 7.6 SP 5 is recommended. FRx 6.5 is for Dynamics GP 7.0 and 7.5. For earlier versions of Great Plains Dynamics FRx version typically should coincide with GP version

2.FRx anatomy. In FRx Reporting you have several simple building blocks: Row Format, Column Layout, Reporting Tree, and Catalog (there are several additional substructures: Account Set, Specification Set, but these are outside of the scope of today’s article). FRx Specification Set file is in essence Microsoft Access password protected database (we expect a lot of vapor release emotions at this point, as MS Access is something that many IT professionals consider as computer technology legacy). We had customers, who needed to export FRx reports structures to SQL Server and we helped them to crack down FRx Default Specification Set MS Access Database

3.Let’s begin FRx report building. Required parts of FRx report are Row Format and Column Layout. If you are building FRx Profit and Loss Statement report with details by each month of the current or historical year – this should be incorporated in 12 months Column Layout. In Row Format you are deciding on the report rows. Simplest option is to add rows from existing accounts, but more sophisticated approach is to create accounts sets (for sections of Current Assets, Long Term Assets, Deferred Revenues, Current Liabilities, Customer Deposits, etc). Account Set allows you to drill down to real accounts and potentially posted and even unposted transactions (here I am really talking on behalf of Microsoft Dynamics GP Great Plains)

4.Consolidated Reporting. It requires FRx reporting tree. Normally, you create similar natural accounts (main segment in Dynamics GP GL terminology) with similar or almost similar (or recognized as similar) names

5.FRx reports tuning: missing or duplicate accounts report. Often, as Dynamics GP consultant you face the situation, when you are given Excel Chart of Accounts and in building your FRx Balance Sheet you discover that Excel Chart of Accounts is not 100% accurate and now you have to add accounts to various sections of Balance Sheet (we are not talking about P&L, as BS has one line, where you virtually add all P&L as Current Year Earnings)

6.FRx Balance Sheet and P&L tuning recommended procedure. The best way is to build FRx report directly adding accounts from GL of the default company. If you are building FRx consolidated report, please consider simple technique of closing Report Catalog and switching default company

7.Beyond FRx. Managerial Reporting (often referred as industry reporting), typically doesn’t look at General Ledger details and rather to specific module details and summaries. Dynamics GP Managerial Reporting could be done in GP Report Writer, Crystal Reports, MS Excel, SSRS, direct SQL Select Statement

8.Crystal Reports Alternative. Please, see above – we already mentioned that FRx is preferred in Financial Reporting (BS, PL, CF and consolidated versions). CR is rather form managerial reporting (Bill of Lading, Invoice form with Graphical Logo, Purchase Order Form plus Requisition form)

9.FRx Future. We heard signals from Microsoft Business Solutions that FRx will be replaced in few years with the Dynamics Financial reporting tool, built on the base of Microsoft SQL Server Reporting Services (SSRS). In any case, MBS should provide robust FRx to SSRS migration tool or option

10.12. FRx for Dynamics GP consolidated reporting, when overseas your subsidiary deploys non Microsoft Dynamics Corporate ERP, such as SAP Business One. Please, review the option to consolidate Dynamics GP company with MS Excel Worksheet (export from SAP Business One Trial Balance report to Excel)

11. We support all the versions of FRx, if you need help, feel free to call us 1-866-528-0577, or email us at [emailprotected]

12.Bonus topic, popular question about FRx in earlier January 2010 (and we assume for the following years). You are getting error message “Changed Default Base Period to C”, and then there is no way for you to print FRx Balance Sheet, P&L or another report for January 2010. This issue is linked to the fact, that you didn’t yet setup 2010 Financial Year (Fiscal Periods for the year 2010 in Microsoft Dynamics GP). To fix this issue, please follow the next paragraph recommendations

13.Tools->Setup->Company->Fiscal Period, then in the window in Year editable field type 2010and click on Calculate button above

Then log off FRx, login back and Rebuild GL Indexes (typically automatic process when you login FRx). If you have multiple companies, simple method to rebuild GL indexes is

A. In FRx->Company->Information, then change company and click on Set as Default (on the left bottom corner you should see status line, that it is rebuilding GL indexes)
B. Repeat step 1 for all the companies
C. Change default company to original one

At this point FRx should work normally

Commercial Truck Lease – Bad Credit

If you are considering financing a semi truck or trailer, than you should know that now is the best time to buy. In today’s weak economy, start-up and seasoned businesses have a great opportunity to get a very good deal on off lease and repo semi trucks, big rigs and over the road trucks.
It can be rough trying to find a good financing company in today’s market for a truck semi trailer. The conventional ways of financing a truck, such as through a bank or dealer have subsided. Situations like this have caused many people to turn to secondary markets where repossession and off lease trucks and trailers are available for either a lease purchase or straight up cash buy. The good news is that ay secondary truck finance company will always have the trucks and trailers reconditioned.

The truck finance companies know that by fixing these trucks up they have a better chance to either re-lease them or sell them. However, if you happen to find yourself already in a lease purchase that you want to get out of, it can be tricky and scary. Although getting out of a lease agreement might hurt your financial situation and credit score, if you feel like you have no other choice, read your lease agreement very carefully and find out what the exact stipulations are. Ideally, you should have read through your lease purchase before signing it in the first place, so you should be at least somewhat familiar with the part of the lease which details terminating the lease. Lease terms vary widely If you have a month to month lease, usually you need to give notice in advance to know if you can even cancel it. If you have a good reason you want to cancel your lease purchase and you find someone to take over your truck note than you will have a better chance of getting out of it. Some semi truck lease companies will let you get out of a lease agreement early with minimal penalties. There are all sorts of reasons you will want or need to cancel your lease and while you are legally responsible for your lease, everyone understands that unforeseen circumstances do happen. If it’s just because of a personal issue you want to get out of a lease than chances are you might not be able to get out of it. Semi truck prices vary depending on a number of factors such as model and the year the truck was bought. Financing a used semi truck can be done through a bank or private lender, so you can get to pay your seller the full amount, then worry about paying your lender on a monthly basis.

Brazil’s Banking System

Post global recession, the Brazilian banking model is now internationally recognized as a highly efficient system. Many attribute its recent success to the sophisticated mechanisms and regulatory systems that were created during the ‘lost-decade’ of hyper-inflation.

Nowadays, financial regulation is very conservative and was created to ensure the banks would be able to regularly stress test their processes to check and balance their activities in a variety of hypothetical unstable environments. Internal controls, limits for client exposure, loss provisions, company credit capital are all closely and strictly monitored. The following practices are also worth highlighting:

– The minimum Basel Ratio of the Brazilian banking system is set at 11 percent, which 3 percent higher than what is suggested in the Basel Accord. Most banks, in reality, operate much higher than this level (at over 17.5 percent) with low leverage ratios (over six times the level of their capital holdings);

– All banking limits and requirements are applied in consolidated terms which means that so called toxic assets or special investment vehicles are put under heavy scrutiny;

– All investment funds are weighted in line with their corresponding assets. This is undertaken to ensure that leverage levels are reasonable and over-exposure is kept to a minimum;

– Over the Counter (OTC) derivatives need to be registered with the Central Bank (or face legal action);

– The Brazilian Securities and Exchange Commission (Comisso de Valores Mobilirio) legally obliges all public companies to disclose all information with regards to the financial instruments that are being used. In addition, full sensibility’ analyses are undertaken on a regular basis;

– The central bank has control over all non-financial subsidiaries of banking institutions;

– Expected loss provisions are taken into consideration (not just actual losses);

– Liquidity and market risks are monitored intensively by the Central Bank on a daily basis;

– Bank reserves must cover all debt payments past;

– All lending above the value of $BRL 5,000 must be registered with the Central Bank;

– Issue ratings are regularly undertaken;

– Regulatory procedures are applied to all banks and are also regularly updated in line with financial innovations (approved by the Central Bank), international standards and conjuncture changes.

Many commentators attributed Brazils above average resistance to the effects of the global recession to these reasons. Indeed, at the onset of the global economic crisis, the securitisation market was less than 10 percent in comparison to the credit volume of the country which meant that the intersection between the two markets did not bring any significant damage.

At the close of first decade of the 2000s, Brazil was one of only four countries in the world with a wide spread on lending, with an average at over 30 percent. Indeed, the country was awarded first place for its high regulatory standards at the 2009 Financial Stability Forum’ in Basel that “helped it avoid the worst of the global economic crisis.” As pointed by Alexandre Tombini, Director of Regulation at the Central Bank: “We are used to dealing with challenging environments at our institutions and our regulations. Everything we have done since the mid-1990s has tended to take a more cautious approach.”

Below is a list of the main banking institutions of Brazil:

Central Bank of Brazil the highest monetary authority and the country’s governing body in all matters related to finance and economics. The institution is linked with the Ministry of Finance and decides the monthly SELIC interest rate.

Banco do Brasil the largest Brazilian and Latin American bank by asset values. With its headquarters in Braslia, it is also the oldest active bank in Brazil (founded in 1808).

Caixa Econmica Federal founded in 1861 (more commonly referred to as Caixa), nowadays the bank is well known for financing the civil and construction sectors; administering the Minha Casa, Minha Vida housing programme as well as being the large stakeholder in Brazils largest property and land portal: Zap.

The Brazilian Development Bank (Banco Nacional de Desenvolvimento Econmico e Social or BNDES) established in 1952, it is now the second largest development bank in the world and is a federal public company associated with the Ministry of Development, Industry and Foreign Trade.

Bradesco founded in 1943, it is one of the largest banks in operation in the country (it was formerly the largest until Banco Ita and Unibanco merged in 2009).

Ita Unibanco based in So Paulo, the bank was formed out a merger of Banco Ita and Unibanco in late 2008 and now operates as the largest financial conglomerate in the Southern Hemisphere and the 10th largest bank in the world.

Banco Santander Brasil founded in 1982, with its headquarters in So Paulo, major acquisitions were made in the late 1990s and 2000s including Banco Real, Banco Geral do Comrio, Banco Noroeste and Banespa.

Banco Real a Brazilian bank that was previously owned by ABN AMRO.

HSBC Brazil in 1997 Banco HSBC Bamerindus was set up to take over Banco Bamerindus do Brasil which was subsequently changed to HSBC Bank Brasil in 1999.

Safra with its headquarters in So Paulo, the bank is part of the larger Safra Group of financial institutions.

Banco Nossa Caixa the bank was incorporated into the Banco do Brasil in 2008, formerly serving as the financial agent of the State of So Paulo.