22812024 “The Best Banking Systems in the World - Financial Web FinancialWeb Banking ee The Best Banking Systems in the World According tothe survey by the World Economie Forum, Canada has the work's Best banking system. IRs followed by Sweden, Luxembourg end Australie. Conade recived 6.9 out of tla 7 points ane topped thelist The Unites States, which has sean alot of big name bank falures Inthe global ‘nancial css, has fallen down to 40th pace ‘The Criteria ‘According to World Economic Forum, tis report Is based on fnaings of top executives. The executes hance te banks a score between 1.0 (Insolvent and possibly requiring government balot) to 7.0 (healthy ané with sound balance sheets). This report was released because most of the central barks in Europe, United States, China, Canad, Sweden and Switzerland slashed thelr interest rates in on {attempt to end panic seling on the markets and also to restore much shaken trust Inthe general banking system to avoid facial meltdown, ‘The Best Banking System - Canada “The main reason behind the success of Canadian banks i sald funding and conservative consumer lencing. Canadian banks are mere stringent in ther polices regarding the amount of leans they can ‘extended to consumers compared to other international banks, Consumers wanting t lend fom [Canadian banks are required to set aside a minimum af 7 percent for Ter 1 apa, compared with 6 percent for U.S commerlal banks According o te Canadian banking regulator, the institlons ean Tene up to 20 mes thelr capa base, “The European pears assets were almost more than 30 tes ther capital. In he U.S and U.K, the average weighted captal was more than 25 times. “cenadian regulators resisted pressures om the banking exacutves to loosen the lending restrictions, wile the economy was beeming. The banks employed stricter guideline measures for lending and were better at navigating through the global financial ris. Moreover, most af the Canadian banks are ‘also Somewhat reluctant to lend to Romebuyer with low cet scores, whieh provides less expasure to mortgage defaults. Subprime loans account for only about 5 percent of the total In Canada; wale in ‘the US it was at 20 percont where Indepandant landers and mertgage brokers were competing with ‘commercial bonks o nin aver the business ot the cost of attracting high-visk borrowers ‘Swiss Private Banking ‘Amongst the notable contenders, Switzerland comes in at 11th place given ts tratonal place inthe top echelons of the private banking worl, Once shrouded in complete seersey, the Switzerland banking system's configeniity principles nave come under severe pressure fr more disclosure, ‘especialy In reference to money laundering and terrorist funcng issues being ed (Gack your 3 age Scores nee for Fee. Related Articles + vow De Adame UcerwtingSytrs Work? 1 How to Study Spctc Commedty Sams ° Automated Unerwtng Approval Process 1 oie cess Trading Syste (OATS) hitpswww. eb comibanking-cadivtne-bestbanking-systoms-in-he-world him MORE ARTICLES ABOUT BANKING & cept 1 wnat 00 online Bank Have one? ° How 09 You Bald Cec rom Src? 9 sng Debt Setlement o Gat Cet Card | Ft the Best edt Card Dest Conenston Lan 9 consaquences of Cc Card Deft 4281872021 ‘The Best Banking Systems in the World - Financial Web 7 Tx Caen kU ney \cs co BU Cea mt ee Cer) Monte Carlo Simulations In Excel ‘These Are The Most Daring Dresses Ever Worn At The ACM Awards Top § Websites Senlors Can Use to Save Up to $4,900 Each Year '35 Women From Tho 90's Everyone Had A Crush On Top 26 charming women in the world right now 40 Women From The 80's Everyone Had A Crush On Historians Doubt These 23 Famous People Ever Existed O.Comments Financial Web @Disqus' Privacy Policy Losin © Recommend « sor by Best Start the discussion Soc onsion vewmnisaus ste Dsviscrve © Ass oiqvetoyouratuAse Dngishds D0 Net St My Oats hitps uw. nab.combanking-codittne-best-banking-systoms-in-the-world,hml 28221812024 “The Best Banking Systems in the World - Financial Web ABOUT US | PRIVACY POLICY | COOKIE POLICY |TERMS OF USE | FNANCIAL DISCLAIMER | CONTACT US|SITE MAP | FINANCE DIRECTORY | ADVERTISE DO NOT SELL MY PERSONAL INFORMATION The content on this site provided fr Informational purposes any ad snot legal or profesional advice, Advertised rates on this site are provides by the thie party Aovertiser ane not by us. We do nt guarantee trate lan term or rater sted onthe site ae the bes terns or lowest rates avalale nthe marke. Al lencing decisions are determined by the lender and we donot guarantee approval, rates or ters foray lender or Loan progr. Not all aplicants wil be approves and Inavidual loan terms may vary- Users are encouraged to ue their bes Judgment In evaluating ary tied party services or advertisers on tis site Before submitting ary Information to ay thir party. © 201 Sub LL nent Brands ‘WD internet Brands: Money & Business hitpsiwww. eb comibanking-cudivtne-bestbanking-systoms-in-he-world him 318