Banking Fundamentals

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• Basics of Banking-Introduction 02:21

  • 1: Basics of Banking-Introduction Preview 02:21

• Introduction to Banking 06:57

  • 2: Introduction to Banking Preview 06:57

• Banking regulation 03:01

  • 3: Banking regulation 03:01

• Bank-customer relationship 08:50

  • 4: Bank-customer relationship 08:50

• Types of customers and their accounts 01:31

  • 5: Types of customers and their accounts 01:31

• Deposit accounts 04:01

  • 6: Deposit accounts 04:01

• Negotiable instruments and related matters 03:19

  • 7: Negotiable instruments and related matters 03:19

• Loans and advances 03:21

  • 8: Loans and advances 03:21

• Fee-based banking services 01:48

  • 9: Fee-based banking services 01:48

• Electronic banking 03:05

  • 10: Electronic banking 03:05

• Marketing of Bank Products 01:59

  • 11: Marketing of Bank Products 01:59

• Know Your Customer (KYC) 05:34

  • 12: Know Your Customer (KYC) 05:34

Gerald Klein from the University of London explains that a "bank" in the UK is any institution, whether a company or not, recognized by the Bank of England under the Banking Act of 1987. These banks are authorized to accept deposits as defined by this law. Interestingly, unlike some countries, the UK doesn't have a specific legal definition of what makes a business a "bank" or who qualifies as a "banker.''

Klein's explanation highlights how banks in the UK must meet strict criteria set out in the Banking Act of 1987 to operate legally. This law ensures that institutions handling deposits meet certain standards to protect people's money and maintain trust in the financial system.

In summary, Klein's insights shed light on the varied roles and regulatory challenges faced by banks in the UK. His analysis emphasizes the importance of clear rules to ensure banks operate safely and responsibly, maintaining stability and public confidence in the financial industry.

The "Banking Fundamentals" course is perfect for aspiring bankers, business students, and professionals looking to deepen their knowledge of the banking industry. Entrepreneurs and non-banking professionals can also benefit by gaining essential insights into banking operations, making it ideal for anyone pursuing a career in finance or seeking to improve their financial decision-making.

A laptop or a PC with good internet connection and basic understanding of English.

The "Banking Fundamentals" course prepares learners for diverse career paths in banking and finance, including roles in retail banking, corporate banking, investment banking, risk management, and financial planning. It provides a solid foundation for positions such as bank tellers, analysts, relationship managers, and compliance officers.

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