– Getting Started & Next Steps

How To Identify The Right Venue Rental Services For Your Needs

You should note that when it comes to holding events, you need to be in a position to have the right one as far as your needs are concerned. You should note that for effective event planning you need to have the right platform and which will make it possible for you to achieve your objectives. You should understand that putting different factors in to consideration will also make it possible for you to achieve your objectives. With the right information it also means that you will avoid the mistakes that come with having less information about event planning. You should note that when you put such factors into consideration, you will avoid the mistakes that come with little information and knowledge of taking care of your needs. For any event to hold, you need to be sure that you have the right venue as this is one of the critical factors that you need to keep in mind. This is an attribute and which will help you achieve your objectives in the long run. You should note that without a venue you will not be able to hold any event.

It is essential that you are knowledgeable enough and are familiar with the venue you are about to choose. This means that you should seek for avenue that will make it possible for you to gain the right information and more reason to consider researching. You should understand that when you research, you are exposed to different sources of information and which will increase your chances of achieving your objectives in the long run. You should understand that the more information you have the higher the chances if achieving your objectives in the long run. When you don’t get to find out more information about the event venue; it becomes tricky for you to make a decision for you have no basis. Researching therefore puts you in a position that you are able to make an informed decision basing on the kind of event that you want to host.

It is vital to note that as much as you might have put different factors into consideration while looking for the right event venue, you should be critical with your budget. It is thus essential that you look into your finances and find a venue that you can afford. You should take your time and explore the market as this will increase your chances of making the right selection. This is why you should ensure that you have a financial plan and create a budget that will make it possible for you to find the right event venue for your needs.

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Universal Banking – Answer For The Best Banking Design?

1.1 INTRODUCTION

In recent years, universal banking has been growing its popularity in Indonesia. Mandiri Bank, for example, has taken strategy to become Indonesia’s universal bank; this bank has also initiated to develop an integrated financial risk system in terms of sounding financial performance and increasing shareholder value. In Germany, and most developed countries in Europe, universal banks have initiated its operations since nineteen century. There is mounting evidence that in those countries, universal banks have taken an important part in the development of real sectors and the financial system. In those countries, the growing numbers of universal banking practices are really supported by the regulation of central of bank.

Despite, in The United States, they are strict to regulate universal banks by blocking commercial banks from engaging in securities and stock markets practices. They argued that the practice of universal banking might be harmful for the financial system. ((Boyd et.al, 1998) cited in Cheang, 2004) The “risk” might be the key reason why the central bank of The U.S is worried about the universal banking system. Since, if the central of bank allowed banks to adjust their operation to be universal banks, the relationship among, banks, financial and stock markets would be closer. Consequently, this would give an uncertainty to the banks condition and performance. For example, if there were a disaster in stock market, banks would get problems in their financial positions. Thus, they would tend to be insolvent.

In addition universal banks would also threaten the market share of other specialized institutions, because more customers would choose universal banks that offer more option to their investment. Hence, more specialized institutions are likely to be ruined in the U.S financial industry.

One majoring factor, which is triggering a bank to be universal bank, is to increase the profit by enlarging their market share. According to João A. C. Santos (1998) universal bank itself can be defined as the financial institution, which enlarges its service range in terms of offering a variety of financial products and services in one site. Thus, by operating universal banking, banks could get a greater opportunity to expand to another financial area, such as : financial securities, insurance, hedge funds and etc.

Although the trend of banks has recently tended to universal banks, it is undoubtedly true that universal banks would also face further risks because a wide range of financial services is strongly associated with increasing risks and escalating monitoring costs. These are the major concerns why banks have to implement more advance technology in terms of financial risk management. Moreover, the practices of universal banks would cause significant risks to economy’s payment system. Since, the operation of universal banks connects closely to the financial and stock markets that are very fluctuate in a short term.

To win in the tight competition among financial institutions, banks have to alter their maneuver to lead in the market. Universal bank could be the wise choice for the bank manager, because they can attract more customers with a wide range of services. Furthermore, by altering their operation to the universal banking system, banks would get benefits from the efficiency and economies of scale.

In order to understand about the universal banking practices, this paper would examine the exclusive matters, which related to the risks and benefits in a universal bank. Moreover, this paper would also focus the whole impact of this institution to the financial system and the economy as a whole.

1.2 PROFITS AND COSTS IN UNIVERSAL BANKING: IMPLICATIONS FOR INDIVIDUAL BANKS

General problem related to financial intermediation, include universal banks and another type of banks, is about asymmetric information . It is the main problem that causes costs to increase and influence the performance of financial institutions. In Universal banks, the problems that would increase are slightly different with specialized banks; they are similar in that they should cope the risks problem associated with their financial position. Although, in universal banks, the risks are more bigger due to the wide range of financial instruments that they organized. Therefore, banks have to increase their spending on monitoring costs that are more complicated than specialized institutions or conventional banks.

Possible answer why more banks sacrifice to the escalating risks and transform it operation into the universal banking is that they want to compete and expand their market share, in order to seek a greater opportunity profits by serving more choices to their customers. Many banks has experienced a great performance after they alter their operation, the main concerns are that they could reach better economies of scale which can reduce the amount of spending in operational costs and also a greater opportunity to get more profits. The research finding which was conducted by Vender, R. (2002, cited in Cheang, 2004) about the efficiency of revenue in financial conglomerates and the level of both profit and cost in universal banking, has proved that both financial conglomerates and universal banking contain good performance in several indicators of bank profitability. His finding also suggests that the sustained expansion of financial conglomerates and universal banking practices may increase efficiency in the financial system.

This opinion is strengthen by another experts, like : George Rich and Christian Walter (1993). They state that universal banks which posse benefits over specialized institutions, are able to take advantage of reduction in the average cost of production and scope in banking. It is essential for banks that operate on a international level and in order to fulfill customer needs with a variety of financial services. They also mention a classic example how universal banks in some countries, such as : Switzerland, Germany and more European countries has experienced benefits by operating universal banking. In addition, they also state that the fear if universal bank would threaten specialized institutions has not proven. In Switzerland and Germany, for example, specialized institutions could achieve a better improvement in terms of cooperating with big banks. Universal banks are one of potential market channel which can sell their products directly to the customers, so specialized institutions also get additional return due to the increases in the number of universal banks. Therefore, this proves that universal banks do not threat other institutions; in fact, they support specialized institutions to market their products.

According to Fohlin, universal banking would lead to a bank’s concentration due to the increases the number of branch. Based on Germany’s experience, such branching-based expansion has led to the efficiency in banking because it could increase economies of scale in advertising and marketing, and open an enormous opportunity to enhance diversification and steadiness for banks.

A universal bank has unique position to tackle asymmetric information. As stated by Joao A. C. Santos (1998), that a universal bank has potential benefits on the reduction of agency cost and acquires profits due to information advantages. Although in other sides, universal banking also face problems related to the cost, conflict of interest and safety and soundness. But the default risk, which is generally happened in financial intermediation, would decrease substantially because universal banks are easier to control over their customers. Most of lenders in universal banks are their customers, so they can understand about the capacity of the customers from the information that they gather.

Nicholas Cheang (2004) also points out how universal banks could reduce a crucial problem in financial institution, asymmetric information. He argued that they could preserve a close relationship with their borrowers, by gathering more relevant information to make an important decision for investment. Their advantageous positions also vital to optimize the distribution of fund allocation, because banks have already known which investment that would give more margins to them. So, they don’t need to worry too much about the risk.

1.3 UNIVERSAL BANKS AND THE STABILITY IN THE FINANCIAL SYSTEM

Financial institution plays a vital role in terms of mobilizing funds in the economy. Consequently, stability in financial system is really important to manage by government in order to prevent wider implications to the real sectors. Financial disasters which happened in most countries in Asia in 1997 are the classic examples how importance to save banks to recover the economy.

As the financial supermarkets, which are handling a variety of financial instruments, they must face a greater risk than specialized institutions. As a consequence, this institution needs to be monitored closely in order to prevent more implications to the economy. According to Benston (1994), the escalating risks in universal banking would lead to a great problem because it can cause generous distress in the financial system. Hence, it will greatly increase the risk to the economy’s payment system. In another term, Rime and Strioh (2001) who examine the financial system in Switzerland in which universal banking are becoming more important in this country, state that difficulty in monitoring large universal banks is a major concern. This is the reason why universal bank has to spend more money in monitoring cost and develop an advanced system in information technology. In other words, it could say that the consequence of inefficient monitoring could lead to financial instability. (Cheang, 2004)

A wider range of universal banks in financial system makes the fund channels of banks to the customer are larger than specialized institutions. So, the economy will improve because universal banks will support more funding. This can be seen by the fact that a universal bank practice in Germany has triggered the progress of some enterprises performance in this country. (Stiglitz, 1985). It is understandable that when the allocation of fund can distribute widely and effectively to the potential enterprises, the economy will improve. In this context, universal banks have played as the key institution which mobilize fund to the potential lender.

Edwards (1996), has also proved that a universal bank is not just significantly contributed to economy from the external funds that they provide, but also from the improvement of the information flows. (cited in Cheang, 2004) Therefore, this proves that universal banks have played a significant role in terms of reducing the default risk by providing important information about the lender or customers. Furthermore, the safety of the financial system would be improved by the existence of universal banks.

1.4 CONCLUSION

The development of universal banks has to in line with the policy direction of central bank, because it is important to keep the stability of financial system and the economy as whole. There are three important areas that must be concerned related to universal bank operations, such as : the strengthened of capital and advanced risk management system. Consequently, in order to manage universal bank, people need to be aware about the unique of the risk type in universal banking. Furthermore, policy maker must also consider about the implication of universal banks in financial system.

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What You Should Know About This Year

When you lose someone who is really dear to you, you might not know how to feel about it. You might be really angry, confused and depressed if you lost the love of your life or someone who has been your best friends since forever. If you would like to get some help because you are just feeling so bad inside and you are already getting a bit crazy, there are people and things that you can do to help you. If you are finding yourself depressed all the time because of that person who has gone from this world to the next, you should really do something about that. There are people you can go to for help and there are also things that you can get to try out that will help you cope. Keep on reading to get to know what you can do when you are facing heartache from a lost loved one.

When someone dear to you dies, you might not want to believe that they are dead and that can make you go a bit insane. If you really want to get things over with, you can get to plan unique funeral ideas. If your mind is busy with these unique funeral ideas, you will not really have the time to think of how sad you are or how depressed you are. You are going to want to give your loved one a really wonderful last goodbye and that should make you work hard for it. Instead of sitting in a corner and being depressed about not being able to see your loved one again, you can get moving with the unique funeral ideas. These unique funeral ideas can be anything from honoring your loved one with certain flowers to writing notes in their coffins and the like.

You can also be with the people who can comfort and love you so that you will not feel so sad. Make sure that you are with people who love you and who can comfort you. It will not help you if you stay away from those people who can make you happy so make sure that you are with them during those times. If you need help from someone but there is no one to help you out, you can find many grief support groups out there. Those support groups can be there for you and to help you with dealing with your pain and aching heart. There are many other things that you can do to cope with losing someone who is very dear to you and if you would like to know more, you can always search the net for more ideas.

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The Best Places Where You Can Be Able to Have A Lot Of Fun in Florida

There is a lot of that a person can be able to get when they decide to go on a vacation, it is the reason why many people usually do this. How you are going to plan for the vacation is going to determine a lot about the results that you’re going to get. If you are very good with the planning process, you can actually be sure that the planning is going to allow you to have a very good vacation. One of the things that you have to be very careful about is to ensure that you’re going to relax, you are able to soak up in the sun on your also able to drink. One of the other things that you will notice is that you can also be able to have a very good vacation if you know the places that you are supposed to be visiting. The general area that you will be interested in visiting is going to be very critical and therefore, you will need to know that. When you decide to go for vacation in Florida, you can be very sure that you will be making the right decision. The places where you will be able to have a lot of fun in Florida should also be known to you so that you can enjoy.

The places that you can visit when planning a vacation in Florida are going to be mentioned in the article. planning a vacation in Florida is a very good idea because there is a lot of culture, so much entertainment and sandy beaches. If planning a vacation to Florida, going to South Beach is definitely the best thing that you can do. You’re going to realize that the sandy beaches on South Beach are going to be good for you especially because of the sunlight and also how you get to bask in the sun and therefore, when planning a vacation, this is one of your destinations in Florida. The Key West is also a very good destination if you’re going to go to Florida, it is an important point when planning a vacation. The bed-and-breakfast places are going to be perfect when you go to Key West. When planning a vacation in Florida, you have to include Key West because of the very warming people that are available there.

One of the other points that you have to be very careful about is that you have to visit Orlando when planning a vacation. If you have been interested in enjoy the ice bars, Orlando is the perfect place that is going to provide you this when planning a vacation.

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