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List of Links

This list of links is just a brief sample of the thousands of internet sites useful to the student of financial institutions management.  If you spot a broken or incorrect link, please email me to let me know.   

Global Sites

    Global Banks

    Global Bond Rating Agencies

    Global Financial Data Service Providers

    Global Investment Banks

    Global Industry Organizations

    Global Insurers

    Global Regulatory and intergovernmental

Canadian Sites

    Canadian Big Six

    Canadian Credit Unions

    Canadian Deposit and Liability Guarantee Agencies

    Canadian Government/Regulatory Agencies

    Canadian Government-Owned FIs

    Canadian Industry Organizations

    Canadian Insurance Companies

    Canadian Markets

    Canadian Pension funds

    Other Canadian

European Sites

Hong Kong Sites

    HK Government and Regulatory Agencies

    HK Government-Owned FIs 

    HK Markets

Other South-East Asian Sites

    SE Asian Banks    

    SE Asian Financial Data Service Providers

    SE Asian Government and Regulatory Agencies

    SE Asian Government-Owned FIs

    SE Asian Industry Organizations

    SE Asian Markets

US Sites

    US Agencies

    US Industry Associations

    US Markets

    US Regulatory Agencies 

Academic and Pedagogical Sites

Other Sites

Global Sites 

FIs

Global Banks

The following are the 25 top banks and investment banks in the world by equity as of the end of 1998 as recorded by Bankscope in May 2000.  

• ABN Amro Holding NV 

• Agricultural Bank of China 

• Banco Santander Central Hispano 

• Bank of America Corporation  

• Bank of China  

• Banque Nationale do Paris 

• Bank of Tokyo - Mitsubishi 

• Bank One Corporation 

• Bayerische Hypo-und Vereinsbank 

• Chase Manhattan Corporation 

• Citigroup 

• Crédit Agricole CA 

• Credit Suisse Group 

• Dai-Ichi Kangyo Bank Ltd DKB 

• Deutsche Bank AG (IAS) 

• First Union Corporation 

• Fuji Bank Ltd. 

• HSBC Holdings Plc 

• Industrial & Commercial Bank of China 

• ING Group 

• Sakura Bank Limited 

• Sanwa Bank Ltd 

• Sumitomo Bank Ltd 

• UBS AG (IAS) 

• Wells Fargo & Company  

Global Financial Information Service Providers

• Bloomberg

• Bridge (including its subsidiary Telerate),  supplies data, analytics and news for the fixed income, foreign exchange, money, derivatives and energy markets.

• Coface is a worldwide credit rating agency for entreprises active in both electronic and traditional B2B commerce.  The site boasts 35 millions companies listed and is used by 150 partners in more than 70 countries.  The company was formerly France's export credit guarantee agency.

• Datastream 

• Financial Information Services Division of the Software Information Industry Association is a forum for exchanges, data vendors and providers and FIs to resolve business and technical issues related to financial information.  The site also has a list of the websites of most of the world's exchanges as part of its Market Data Policy Project, as well as topical links to e-commerce sites. 

• Fxall is an internet platform for foreign exchange purchasing and selling with liquidity provided by leading global FIs

• Reuters is one of the foremost providers of financial, screen based  information in the world.  Its  subsidiary, Instinet is the world's largest agency brokerage firm.

• Sungard is an integrated IT solutions and eProcessing provider for financial services

Global Investment Banks

• Goldman Sachs 

• Merrill Lynch 

• JP Morgan 

• Morgan Stanley 

• Credit Swiss First Boston 

• Salomon Smith Barney 

Global Insurance Companies

• Lloyds of London is the primary disintermediated wholesale general (P&C) insurance market in the world, specializing in marine insurance, specialty insurance, and reinsurance

• Nippon Life is the world's largest life insurer in terms of policies.  You may also visit its US subsidiary

• The Prudential Insurance Company of America is the world's largest life insurer in terms of assets.  

    Wrappers

The following four companies are the leading providers of financial insurance (insurance to financial products.  They are AAA insurers of municipal debt and providers of structured finance credit enhancements in securitizations.  Because the provide "monoline wraps" for securitizations, they are known as "wrappers."  Wraps typically provide no right of acceleration, but guarantee the timely principal and interest payments on the security.

• AMBAC Financial Group  

• Financial Guaranty Insurance Company

• Financial Security Assurance

• MBIA 

    Re-insurers

Re-insurers provide insurance to insurance companies, allowing them to offlay a portfolio's or a very large single policy's risks, typically above a certain loss amount.

• Munich Re  

• Swiss Re  

Global Bond Rating Agencies

• AM Best 

• Fitch / ICBA

• Moody's Investors Service  and Moody's KMV

• Standard and Poors 

Global Regulatory and Intergovernmental Agencies

• Bank for International Settlements is the central bank for central banks, facilitating inter-central bank payments and serving as a forum for bank regulatory harmonization.  Site contains international statistics, research and regulatory information

• International Association of Insurance Supervisors is the international regulatory organization sponsored by the BIS to harmonize insurance company regulation 

• International Organisation of Securities Commissions

• International Monetary Fund 

• Organization for Economic Cooperation and Development is an organization of 24 developed countries that provides governments a setting in which to discuss, develop and perfect economic and social policy

• World Bank Group is the international agency set up in 1944 to promote post-war reconstruction and world economic development through financial activities to augment those of the private sector. The Group includes the International Bank for Reconstruction and Development (IBRD); International Development Association (IDA), International Finance Corporation (IFC); Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID).  Bank Regulation and Supervision is a World Bank database, set up by James R. Barth, Gerard Caprio, Jr. and Ross Levine in May 2001 provides a comprehensive, cross-country survey of how banks are regulated and supervised.

• World Trade Organization is the international organization that deals with the global rules of trade between nations. It was set up in 1995 to succeed the General Agreement on Trade and Tariffs and is dedicated to promotion of free, open trade in goods and services.

Global Industry Organizations

• ACI is the global industry association of foreign exchange and derivatives dealers.

• Clearing House Interbank Payments Company (CHIPCo) is the electronic system that handles the vast majority of US dollars payments moving between countries around the world, including foreign trade payments and currency exchanges.  It is owned by six US and five non US global banks.

• Clearstream is one of the two foremost clearing, settlement and depository systems for internationally traded securities.  It was formed by the merger of CEDEL and Deutsche Börse Clearing and is owned by globally active banks.  

• CLS Bank is a bank formed by a consortium of 70 of the world’s largest FIs to provide a 'continuous linked settlement' system to eliminated settlement risk in FX dealing.  It began operations in 2001.

• Euroclear is one of the two foremost clearing, settlement and depository systems for internationally traded securities.  It is owned by globally active banks and operated by Morgan Guaranty Trust

•  International Chamber of Commerce is the international association of companies that makes rules that govern the conduct of business across borders.  It is responsible for the Uniform Customs and Practice for Documentary Credits UCP 500 that governs LCs.   

• International Swaps and Derivatives Association (ISDA)  is the global trade association representing leading participants in the OTC derivatives industry. It codifies market standards, liaises with international regulators and does industry research.

• Loan Syndications Trading Association (LSTA) is the US based industry association with membership from the major banks in the world dedicated to promotion of the secondary market in syndicated loans.    

•  Society for World Interbank Financial Telecommunications (SWIFT) is an international, bank owned secure messaging service responsible for the transmission of financial advice (eg., letters of credit, transferal of security ownership and payments). 

Canadian Sites

Canadian Government and Regulatory Agencies

• Bank of Canada is Canada's central bank, responsible for monetary policy and payments clearings.  The cite contains statistics, policy statements, research and technical papers on monetary policy and its implementation.

• Canadian Payments Association is responsible for Canada's inter-FI clearing and settlement system.

• Department of Finance of the Government of Canada is the federal ministry responsible for FIs.

• Industry Canada maintains a site  named Stratigis that includes directories, business information, analysis and statistics, information on financing and government business support, licencing etc.

• L’Inspecteur général des institutions financières (IGIF) is the supervisor of Quebec FIs, excluding banks and other federally supervisde FIs.

• The MacKay Task Force, produced a 250 page study with 18 supporting research reports commissioned in 1996 and completed in 1998 that provides a wealth of information and analysis of Canadian financial services provision in an global context

• Office of the Superintendent of Financial Institutions (OSFI)  is the federal agency responsible for regulating all federally registered deposit taking FIs, insurance companies and trust and loan companies.

• Ontario Securities Commission is the leading provincial securities commission in Canada.  Other securities commissions are the Quebec Securities Commission and the Alberta Securities Commission and the British Columbia Securities Commission 

• Statistics Canada is the federal governments department of statistics.  It, with University of Toronto, maintains a full on-line database of Canadian economic statistics at CANSIM

• System for Electronic Documents and Retrieval SEDAR is the official site for the filing of documents by public companies as required by securities laws in Canada.  Here you find annual reports, proxy filings, IPO prospectuses etc.  

Canadian Deposit and Liability Guarantee Agencies

• Canada Deposit Insurance Corporation is the Crown Corporation providing mandatory deposit insurance for retail Canadian deposits.

• Canadian Life and Health Insurance Compensation Corporation is the industry-owned, mandatory liability guarantor for life and health insurance.

• Deposit Insurance Corporation of Ontario guarantees the deposits of credit unions and caisses popularies in Ontario

• Canadian Investor Protection Fund
  guarantees the ownership of retail investors' securities

• Property and Casualty Insurance Compensation Corporation is the industry-owned, mandatory liability guarantor for property and casualty (i.e., general) retail insurance in Canada.

Canadian Industry Organizations

• Canadian Bankers Association represents Canada's chartered banks.

• Canadian Securities Institute is the primary Canadian securities industry educational organization, sponsoring professional and investing public courses. 

• Canadian Finance & Leasing Association represents companies active in the asset-based financing, equipment and vehicle leasing industry

• Canadian Institute of Chartered Accountants

• Canadian Institute of Actuaries

• Canadian Life and Health Insurance Association speaks for 82 life and health insurance companies that serve about 20 million policyholders across Canada and more than 10 million around the world

• Insurance Bureau of Canada is the national trade association of the private (non-government) property and casualty insurance industry representing more than 120 IBC member companies and groups

• Insurance Canada is a company that provides information to insurance industry professionals and users in Canada.

• The Institute of Canadian Bankers is the banking industry association dericated to professional development of banking personnel.

• Investment Dealers Association of Canada is the national self-regulatory organization and trade association for the Canadian securities industry

• Investment Funds Institute of Canada represents the Canadian mutual funds industry.

• Insurance Institute of Canada is the professional education arm of the general (P&C) insurance industry in Canada

•  INTERAC is an FI consortium that runs the shared ABM and direct debt network that links to the CPA

• Mutual Fund Dealers Association is planned to become the mutual fund industry's self-regulatory organization ("SRO") for the distribution side.

Canadian Markets

• Canadian Venture Exchange is Canada's small cap exchange
• Montreal Exchange is Canada's derivatives exchange.
• Toronto Stock Exchange is Canada's main board 
• Winnipeg Stock Exchange 

Canadian Government-Owned FIs

• Export Development Corporation is the Canadian crown corporation dedicated to providing finance to exporters. 

• Farm Credit Corporation is the Canadian crown corporation dedicated to providing credit to agriculture

• Business Development Bank of Canada is the Canadian crown corporation dedicated to providing financial assistance to small business 

• Canada Mortgage and Housing Association is Government of Canada's national housing agency providing subsidized housing and mortgage guarantees. 

The Big Six

• Bank of Montreal

• Bank of Nova Scotia 

• Canadian Imperial Bank of Commerce

• National Bank of Canada

• Royal Bank of Canada

• TD Bank Financial Group

Canadian Insurance Companies

• Canada Life

• Great West Life

• Industrial Alliance

• London Life 

• Manulife

• Clarica

• Sun Life

Canadian Pension Funds

• Caisse de dépôt et placement du Québec is a leading fund manager in Canada, managing Québec pension plan funds as well as other Québec provincial public sector pensions

• OMERS is the Ontario Municipal Employees Retirement fund.

• Ontario Teachers Pension Plan Board 

Canadian Credit Unions

• Movement Desjardins is the credit union (caisses populaire) central of Quebec  

• Credit Union Central of Canada is the national trade association and central finance facility for credit unions in Canada outside of the Dejardins network of Quebec

• VanCity is Canada's largest single credit union.

Other Canadian FIs 

• Canada Trust

• Canadian Western Bank

• Dominion Bond Rating Service is Canada's main bond credit rating service 

• HSBC Bank Canada

• ING Direct

• Laurentian Bank

• Manulife Bank

• Montreal Trust

• Power Corporation is an FI holding corporation that has majority ownership of Great West Life, London Life and the Investors Group, a major mutual funds manufacturer and distributor.

• Versus Technologies Inc is the parent company of E*Trade and a provider of electronic securities trading services.

• Yorkton Securities is a small investment dealer boutique serving the Canadian knowledge-based and junior natural resource sectors. 

European Sites

• European Central Bank is the central bank for those members of the EC that have adopted the euro as their currency: Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Austria, Portugal and Finland.

• London Stock Exchange, is the main board of the UK and also is a primary venue for raising international equity for non-UK companies.  

• European Securtiization Forum

Hong Kong Sites

HK Government and Regulatory Agencies

• Hong Kong Department of Justice maintains a Bilingual Laws Information System (BLISS) that includes the full text of Hong Kong's laws.

• Commissioner of Insurance is the regulator of insurance companies in Hong Kong.

• Companies Registry provides information on registering of companies. 

• Financial Services Bureau is the government department responsible for maintaining and enhancing Hong Kong's role as a financial center.    

• The Innovation and Technology Commission of the HK government maintains an Innovation and Technology Fund, a HK$5 billion fund set up  to support projects that contribute to innovation and technology upgrading of industry.

• Mandatory Profident Fund Authority is the government authority set up to regulate the self-financing mandatory pension schemes for Hong Kong's workforce. . 

• Monetary Authority is Hong Kong's central bank, manager of the currency board and fiscal agent of the SAR government

• Official Receiver's Office provides information on bankruptcies and windings up
• Securities Institute is a regulatory body of the Hong Kong government dedicated unifying the standardizing, teaching, examination and awarding of vocational qualifications for the securities and investment related industry 

• Securities and Futures Commission

HK Government-Owned FIs 

• Hong Kong Mortgage Corporation

HK Markets

• Hong Kong Exchanges and Clearings Limited is the parent company of the merged Stock Exchange of Hong Kong and the Hong Kong Futures Exchange.  It is also the parent of the Growth Enterprise Market (a "buyer beware" market for small capitalization stocks) and subsidiaries responsible for clearing securities. 

Other South-East Asian Sites

SE Asian Banks

• Agricultural Bank of China 

• Asian Commercial Bank

• Bank of China  

• Bank of East Asian

• Chekiang First Bank

• Dah Sing Bank

• First Pacific Bank

• HSBC Holdings Plc 

• Industrial & Commercial Bank of China 

• ICBC (Asia)

• International Bank of Asia

• Liu Chong Hing Bank

• Shanghai Commercial Bank

• Wing Hang Bank

• Wing Lung Bank

South-East Asian Financial Data Service Providers

• Asia Pacific Communications (APC) is a Hong Kong based organization that focuses on the Asian private equity investment industry

• China Economic Information Network is a PRC central government-run site with a wealth of information about the Chinese economy. 

• PhilRatings assigns credit ratings to commercial paper (CP) issues in the Philippines

South-East Asian Government and Regulatory Agencies

• Bank Indonesia is Indonesia's central bank

• Bank Negara Malaysia is Malaysia's central bank

• The Board of Commissioner of Currencies of Singapore issues the notes and coins of Singapore and implements the repayment system.

• The Central Bank of China is Taiwan's central bank.

• The Central Bank of Thailand is Thailand's central bank.

• China Securities Regulatory Commission  is the PRC's State Council Securities Commission's executive branch responsible for supervising and regulating securities markets.

• The Institute of Banking and Finance is the Singapore Government-sponsored training and certification authority for specialist qualifications in banking and finance

• Monetary Authority of Singapore is Singapore's central bank

• The People's Bank of China is the People's Republic of China's central bank

• The Securities Commission of Malaysia is a statutory body responsible for regulating the securities and futures markets in Malaysia. 

• The Singapore Exchange is the integrated securities and derivatives exchange of Singapore.  It includes the former Singapore International Monetary Exchange and the Stock Exchange of Singapore. 

SE Asian Government-Owned FIs

• Asian Development Bank

SE Asian Industry Organizations

• Association of Banks in Singapore 

• General Insurance Association of Singapore

• Hong Kong Association of Banks is the industry association of banks (not bankers) in Hong Kong to which by law all fully licensed banks must belong.

• Hong Kong Venture Capital Association promotes and protects the interests of the venture capital industry in Hong Kong.

• Life Insurance Association of Singapore

• Hong Kong Federation of Insurers

• Hong Kong Financial Markets Association association previously the Hong Kong Forex Association, is the professional association of currency and derivatives dealers in Hong Kong affiliated with AIC

• Hong Kong Investment Funds Association is the professional association of investment managers of mutual funds and pensions in Hong Kong 

• Singapore Venture Capital Association

SE Asian Markets

• The Jakarta Stock Exchange is the stock exchange of Indonesia

• The Kuala Lumpur Stock Exchange is Malaysia's stock exchange

• Shanghai Stock Exchange

• Stock Exchange of Thailand

• Taiwan Stock Exchange

Other SE Asian Sites

• Quamnet provides financial information on a variety of Hong Kong, Thai and Chinese listed companies.

US Sites

US Government and Regulatory Agencies 

• Board of Governors of the Federal Reserve System  is the central bank of the US in charge of monetary policy and some FI supervision

• Department of the Treasury of the US government is the fiscal agent for the government and is responsible for the issuance of currency, the budget, government debt and the collection of taxes. The site has a wealth of US economic data.  The Office of the Comptroller of the Currency  which charters, regulates, and supervises national banks is an office of the Treasury.

• Federal Deposit Insurance Corporation  is the bank deposit guarantee corporation.  A useful resource on its site is an extensive catalogue of laws, regulations and related statutes for insured FIs.

• Institute of International Bankers is a legislative lobbying group representing and promoting the interests of international bankers in the US.  It publishes an annual Global Survey that catalogues sampled countries' regulatory regimes.  

• New York Society of Securities Analysts

• Securities and Exchange Commission  is the federal agency responsible for public securities trading and filing of required disclosure documents.  The SEC maintain the EDGAR database that contains all SEC filings of corporations.

US Industry Associations

• Bond Market Association  represents securities firms and banks that underwrite, trade and sell debt securities, in the US and internationally.  Site contains statistics, research and regulatory information

• Investment Company Institute runs a Mutual Fund Connection with extensive information about US investment funds.   

• National Association of Securities Dealers is the largest securities-industry self-regulatory organization in the United States and owns National Association of Securities Dealer s Regulators which acts as a securities dealers SRO and the NASDAQ  stock exchange.

• National Venture Capital Association is the is the trade association  representing about 400 firms who manage pools of risk equity capital designated to be invested in young, emerging companies

• Securities Industry Association is the industry association representing over 700 including investment banks, broker-dealers, and mutual fund companies in the US.

• Society of Actuaries is the industry association of the professionals that price morbidity and mortality risk for life and health insurance and pensions.  In addition to information about society events, actuarial exams/education and publications the site contains actuarial tables that can be downloaded.    

US Agencies

• Fannie Mae  is the federally chartered agency responsible for stimulating mortgage housing.  Although government owned from the 1930s to the 1960s, it is now a company with publicly traded shares.    

• Freddie Mac is a federally chartered agency responsible for stimulating home purchases through mortgage borrowing through the secondary market.  It is also a publicly traded company.  

• Ginnie Mae  is the government owned mortgage corporation.

US Markets

• Chicago Board of Trade
• Chicago Mercantile Exchange
• Island is a large US Electronic Communications Network for executing OTC stock trades 
• ITG  is company that manages an electronic matching service for institutional investor equity trades called POSIT.
• NASDAQ  
• New York Stock Exchange  
• Trade web is an online bond trading platform that boasts high liquidity through its partner dealers including CSFB, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley Dean Witter, and Salomon Smith Barney.

Academic and Pedagogical Sites

• Cambell Harvey's Web Page boasts a 6,000 item glossary with 16,000 links as well as interactive options pricing and portfolio optimization models. 

• CaseNet, maintained by Thomson, is an on-line listing of many pedagogical cases, including financial institutions management cases and cases from the Case Research Journal. 

• Damodaran On Line is the home page of Aswath Damodaran of New York University.  Although the site does not discuss FIs, it is excellent for corporate valuation and fundamentals of corporate finance, much of which impacts of FI activities.

• Financial Management Association International  is an association of academics and practitioners that publish Financial Management,  Financial Practice and Education and Contemporary Finance Digest

• Harvard Business School Publishing is the largest distributor of pedagogical cases in the world.

• The History of Economic Thought is a repository of collected links and information on the history of economic thought, built by the New School University in New York, punctuated with entertaining cartoons.  

• Journal of Banking and Finance  is the major FI academic periodical.  The site has unlimited access to past abstracts of articles. 

• Journal of Finance is the academic periodical of the American Finance Association.

• Journal of Financial Economics  provides full text of forthcoming articles freely, but published articles are only available to subscribers

• Ivey School of Business provides a steady flow of Canadian based pedagogical cases.

Other Sites

• ABS Net is a good industry periodical on securitization.

• Barry Schachter's Web Page is a value at risk resource homepage maintained by a practitioner with very strong academic qualifications.

• Benefits Canada  is a pension and benefits magazine,written for the sponsors of group benefits and pension plans in Canada

• Bradynet is a site to provide access to live and closing emerging markets bond prices and yields, but also provides background information and analysis.

• Careers in Business  is a commercial site with free information about banking, finance and other business careers, run by Wendy Tunstall, previously with Bankers Trust.

• CreditRisk+ is a credit risk measurement technique developed by Credit Suisse and available on the CSFB website

• KPMG, a major accounting and consulting firm, publishes frequent global, regional and national studies, many available on-line on the financial intermediation industry.

• International Finance and Commodities Institute (IFCI) Risk Watch is an introduction and guide to the most important official documents in the area of financial risk management sponsored by Arthur Anderson, Citibank, Dresdner Bank, Goldman Sachs, JP Morgan, Reuters, KPMG, Societe Generale and UBS.  The site also contains several international finance cases that may be used in teaching. 

• Institute of Finance and Banking at the University of Göttingen has a listing of banks by country and their homepages as well as other useful finance links 

• I-flex Solutions is a Mumbai based subsidiary of Oracle providing integrated banking systems

• Life Insurance Association of Japan provides annual surveys of life insurance in Japan.

• M.Okubo's Homepage is a personal homepage with excellent links research on insurance maintained by employed M Okubo, an employee of Nippon Life Insurance Company.

• Moody's KMV provides risk measurement solutions to FIs

• Mark Bernkopf's Financial Page  is a great site for locating central banks sites from around the world and getting links to various informative financial sites.

• www.mortgageloan.com/calculator/ features dozens of  finance-related calculators.

• Philippe Jorian's Home Page contains course materials on risk management and publications of a prominent financial academic based at University of California, Irvine.   

• Riskmetrics is the company spun off from Morgan Guaranty to develop and market riskmetrics and creditmetrics   

• Straight Through Processing is a UK periodical providing information about securities industry data processing. 

• Treasury Management International is a website for the periodical, Treasury, a monthly periodical for corporate treasury professionals.  The site provides background articles on financial instruments and risk management as well as market comment.

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