A daunting New Vocabulary :

FOLLOWING ARE SOME LATEST VOCABULARY USED IN FINANCIAL MARKET:


SFB: Small Finance Banks,

PB: Payment Banks,

P2P: Peer to Peer,

PPI: Prepaid Payment Instruments,

TReDS: Trade Receivables Discounting System,

UPI: Unified Payments Interface



TLAC: Total Loss Absorbency Capacity,

CCB: Capital Conservation Buffer,

LCR: Liquidity Coverage Ratio,

NSFR: Net Stable Funding Ratio,

SIFIs: Systemically Important Financial Intermediaries,

IFRS: International Financial Reporting Standards

LIVING WILL: A living will, also called a directive to physicians or advance directive, is a document that lets people state their wishes for end-of-life medical care, in case they become unable to communicate their decisions. It has no power after death.



The Volcker Rule: refers to Section 619(12 U.S.C. Section 1851) of the Dodd–Frank Wall Street Reform and Consumer Protection Act, originally proposed by American economist and former United States Federal Reserve Chairman Paul Volcker to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers.Volcker argued that such speculative activity played a key role in the financial crisis of 2007–2010. The rule is often referred to as a ban on proprietary trading by commercial banks, whereby deposits are used to trade on the bank's own accounts, although a number of exceptions to this ban were included in the Dodd-Frank law.