competition wizard magazine published this article page
no 57 The central bank also
plays an important part in the regulatory role as it decides whether or not to
grant charters to new banks. In most countries around the world charters are
granted by judicial bodies and not by central banks. For instance in the United
States a banking charter can be granted either by federal authorities or by
state authorities. However the Federal Reserve cannot grant a banking charter
on its own competition wizard magazine.
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