Participants

Question 1

Types of Intermediaries

Answer 1

Investment Banks 
Retail Banks 
Savings Institutions 
Insurance Companies 
Pension Funds
Fund Managers 
Custodians

Question 2

Investment Bank

Answer 2

Trading as principal or agent

Banking - companies, wealthy individuals

Market Making

Research

Corporate Financial and advice

Investment Management

Question 3

Retail Bank

Answer 3

Deposits vs Loans

Question 4

Savings Institutions

Answer 4

Building Societies

Mutual organisation( mutualised)  owned by members e.g. nationwide 
No shareholders 

Demutalises becomes bank + existing customers become shareholders

NS&I
Agency of treasury

Question 5

Insurance Companies

Answer 5

General + Life Insurance

Question 6

Pension Funds

Answer 6

Savings for retirements

Cant access till 55

Question 7

Fund Managers

Answer 7

Run Collective Investment Schemes e.g. trusts

Question 8

Custodians

Answer 8

Provide Safe keeping

Includes; managing cash transactions + Foreign Exchange Trades on behalf of clients

Question 9

Liquidity

Answer 9

How easy to get in + out of positions

Question 10

Third Party Administrators

Answer 10

Outsource operational services

Question 11

Peer to Peer Lending

Answer 11

Cuts out bank as a middleman

Investor gets better rate of return/ higher risk

Question 12

Crowd Funding

Answer 12

Donation
Debt Funding
equity Funding