interbank

Vocabulary Word

Definition

'Interbank' is related to transactions that occur between banks. These transactions may include borrowing or lending of funds, transactions of currencies, or exchange of important information.

Examples in Different Contexts

In economic development, the 'interbank' market's efficiency can affect overall economic stability. An economist might declare, 'A well-functioning interbank market is pivotal for monetary policy transmission and maintaining equilibrium in the financial ecosystem.'

Practice Scenarios

Public-Policy

Scenario:

The government is planning to impose stricter banking regulation. It will require more detailed documentation and reporting from banks.

Response:

With the new regulations, maintaining transparency in interbank transactions is of utmost importance to adhering to these regulations.

Tech

Scenario:

Our transaction processing times have been increasingly slow, affecting service quality. We need to identify bottlenecks and implement effective solutions.

Response:

Agreed, adopting Interbank Information Network (I2N) protocols might speed up interbank transaction processing times.