Finance School of management What is the Financial System Exchanges over-the-counter(OTC, off-exchange) markets Financial intermediaries providing financial services and products banks, investment companies, and insurance companies checking accounts, commercial loans, mortgages, mutual funds, insurance contracts and many other contracts financial markets and intermediaries are linked through networks and global in scope governed by the regulatory institutions uesTc4 Finance School of Management ❖ Exchanges & over-the-counter (OTC, off-exchange) markets ❖ Financial intermediaries – providing financial services and products – banks, investment companies, and insurance companies – checking accounts, commercial loans, mortgages, mutual funds, insurance contracts and many other contracts ❖ Financial markets and intermediaries are – linked through networks and global in scope – governed by the regulatory institutions What is the Financial System?