Table 31.5 Resource requirements bank charges

Higher actual requirements for bank charges and losses on exchange

Requirements for bank charges were estimated at 2,000 per month ( 24,000).

Higher requirements for bank charges based on actual expenditure until 31 December 1997

Requirements were estimated at 15,800 for rental of photocopiers and for bank charges.

Additional requirements of 598,700 resulted primarily from higher actual bank charges related to currency transactions.

These requirements are enforced through internal controls, compliance functions and external review by the Central Bank, the FIU, Auditors, CFATF and the World Bank IMF.

Reduction in miscellaneous services pertains to lower than anticipated requirements for insurance, bank charges and freight.

It was unfortunately true that because of strict requirements for guarantees such as a bank account or minimum income, it was difficult for women to obtain bank loans.

As Legal Counsel to the Central Bank, I advised the Chief Executive Officers involved in the day to day operations of the Bank on the legal requirements and framework with respect to the operations of the Bank.

In all the cases, the compliance of the bank activities with the requirements of the Regulation 5 was verified.

The World Bank suggests that the bureaucratic requirements to start a business in many countries are excessive and time consuming.

The Committee was informed that the proposed requirements were for additional enhancements related to transaction matching and bank account pooling.

The aggregate of money maintained in UNICEF bank accounts, as reflected in UNICEF books of account, to sustain operational requirements.

Some States and private sector entities have begun to address the factors that deter people from using formal banking systems, for example by abolishing overelaborate customer verification practices which make it difficult for customers to open bank accounts reducing fees for money transfers removing minimum balance requirements and increasing the availability of bank services, as well as addressing stringent bank licensing requirements.

If the person applying for a loan meets the requirements set by the bank, then there are no hindrances to obtaining a loan.

47. Miscellaneous other services. Additional requirements of 68,600 resulted from higher bank charge costs in Monrovia and losses due to exchange rate fluctuations.

Post conflict needs assessment is a new approach that UNIDIR has developed based on the requirements of the Conflict Analysis Framework of the World Bank.

Expenditures totalled 42,500 for steam cleaning, printing and other miscellaneous services ( 29,000) and bank charges ( 13,500), resulting in additional requirements of 18,500 under this heading.

The World Bank estimates that approximately 30 billion United States dollars are needed annually to meet the requirements for an appropriate telecommunications infrastructure in developing countries.

The figures suggested by some earlier studies of the African Development Bank, the World Bank and the Economic Commission for Africa on external resource requirements for African economic recovery up to the year 2000 range between 50 billion and 60 billion.

62. Miscellaneous other services. A provision of 300,000 was made in the cost estimates for local and international bank charges in respect of bank transfers and fees for the payment of cheques and transactions in foreign currency. Actual requirements amounted to 47,600.

Requirements in the amount of 100,000 under this heading relate to the payment of legal fees for external consultation on local law and legal matters ( 20,000), bank charges in respect of withdrawal of foreign currency ( 45,000) as well as bank transference charges ( 35,000).

For example, audit, entry and annual fees, tax on business profit, prudential requirements such as minimum capital, bank guarantee and minimum managerial experience as required in some States.

The due diligence' and know your customer' requirements are specified in Section 4 of the Central Bank of Trinidad and Tobago Guidelines on Combating Money Laundering and Terrorist

29. Ukraine was striving to become integrated into the world trade system, working closely with the IMF and the World Bank to meet the requirements for WTO membership.

So far this year, UNRWA has received pledges covering 53 per cent of its financial requirements for its emergency appeal for refugees in the West Bank and Gaza Strip.

Thirdly, a case could be made for the imposition of liquidity requirements and limits on bank foreign currency liabilities in order to discourage excessive short term borrowing by commercial banks.

Based on actual expenditure in the prior period ending 30 June 1997 and current expenditure until 31 December 1997, the revised cost estimate reflects higher actual requirements for bank charges.

For example, they could tighten the qualifications needed to become a bank director (in the United States, for example, the requirements are not serious). Instead, regulators stand idly by while bank boards remain self perpetuating clubs, with membership regarded as little more than so much social plumage.

Total, lines 20 21 Gross requirements Net requirements

IADB Argentina World Bank Government (World Bank)

The Central Bank is entitled to access financial institutions' internal control document and verify the compliance with the identification and due diligence requirements during the course of its onsite examinations program.

Requirements

Requirements

International Bank for Reconstruction and Development (World Bank)

Bank

The Mitsubishi Bank merged with the Bank of Tokyo.

International Bank for Reconstruction and Development (World Bank) (IBRD)

Taxpayer funded bank rescues, higher bank capital requirements, and ultra easy monetary policy have all been vital to overcome credit supply constraints. But there is strong evidence that once the immediate crisis was over, lack of demand for credit played a far larger role than restricted supply in impeding economic growth.

Previously to the enactment of Law 9613, Central Bank has issued resolution 2025 of November 24, 1993, amended by Resolution 2747, of June 28, 2000, setting minimum identification requirements for opening deposit accounts.

c. Difficulties experienced in 1997 with the local bank concerning availability of demand deposits to meet the Tribunal apos s disbursement requirements will lead to re evaluation of the banking relationship in 1998

Not every country s central bank not even every friendly country s central bank has been invited to join the swap lines club. Membership is restricted to the United States Federal Reserve, the Bank of England, the European Central Bank, the Bank of Japan, the Swiss National Bank, and the Bank of Canada.

System Requirements

Information requirements