Financial system is a set of institutions facilitating fund exchange. Systems exist at firm, regional, and global levels. Includes banks, insurance companies, and stock exchanges
Mod creates extensive financial system similar to real life. Multiple account types available for Sims to own. Shared/Joint accounts allow multiple owners to manage different accounts. Debit cards can be ordered for each SNB account. Account history tracks all debits and credits
Margin is collateral deposited with counterparty to cover credit risk. Margin accounts allow trading with borrowed funds using securities as collateral. Brokers can change margin requirements and issue margin calls
NBFIs are financial institutions without banking licenses or regulatory supervision. They provide bank-related services like investment and risk pooling. Term "non-bank" likely originated as "non-deposit taking banking institution"
Created in 1913 to address banking panics and stabilize monetary system. Governed by seven-member board of governors appointed by president. Twelve regional banks oversee private banks throughout the country. Federal Open Market Committee sets monetary policy through open market operations
Hong Kong has three-tier banking system supervised by HKMA. As of 2019, total 194 authorized institutions exist. 70 of world's largest 100 banks operate in Hong Kong