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banking sector vs banking industry

Both 'banking sector' and 'banking industry' are correct and commonly used phrases in English. They refer to the same concept of the financial institutions that provide banking services. The choice between the two depends on personal preference or the specific context in which they are used.

Last updated: March 30, 2024 • 593 views

banking sector

This phrase is correct and commonly used to refer to the financial institutions that provide banking services.

The term 'banking sector' is used to describe the part of the economy that is made up of financial institutions that provide banking services, such as banks, credit unions, and other financial institutions.

Examples:

  • The banking sector plays a crucial role in the economy.
  • Investors are closely monitoring the developments in the banking sector.
  • Job opportunities in the banking sector are growing.
  • Regulations are in place to ensure stability in the banking sector.
  • Technological advancements are reshaping the banking sector.
  • However, their success also depends on the interfaces and co-operation with the banking sector.
  • This is particularly visible in the banking sector.
  • Slovenia established the BAMC to support the banking sector stability.
  • Deutsche Bank Research on China's banking sector.
  • The banking sector has remained well-capitalised and has sufficient liquidity.
  • Austria compared BB with the Austrian banking sector.
  • Develop the capacity of the banking sector to provide long-term financing to the economy.
  • The report called on the banking sector to provide substantially improved services by 2002.
  • As a result of this process, the situation in the Slovak banking sector has improved substantially.
  • Structural reforms should also be supported by an appropriate reorganisation and consolidation of the banking sector.
  • Fourth, the shadow banking sector.
  • It is substantial that this transition is facilitated by the banking sector.
  • Matters are worse in the banking sector.
  • In the same vein, an appropriate restructuring of the banking sector remains essential.
  • Recently in the Czech Republic there was restructuring in the banking sector.
  • The EIF shall contribute to the promotion of the Guarantee Facility vis-à-vis the European banking sector.
  • The long-term trends in consolidation, integration and internationalisation in the EU banking sector continued throughout 2006.
  • Important demographic changes are occurring in the EU which may also have an impact on the banking sector.
  • However, the final cost of banking sector support measures represents a risk in 2011 and 2012.
  • Members of the European banking sector have already publicly and courageously raised the question of accounting standards.

Alternatives:

  • financial sector
  • banking industry
  • banking field
  • banking domain
  • banking realm

banking industry

This phrase is correct and commonly used to refer to the financial institutions that provide banking services.

The term 'banking industry' is used to describe the collective group of financial institutions that provide banking services, including banks, credit unions, and other financial institutions.

Examples:

  • The banking industry is facing increased competition from fintech companies.
  • She works in the banking industry.
  • The banking industry is regulated by government authorities.
  • Technological advancements have transformed the banking industry.
  • Investing in the banking industry can be profitable.
  • Philly main line, old money, banking industry.
  • Baxter's result finally relies on the unrealistic assumption of a perfectly competitive banking industry.
  • The European banking industry should improve and simplify its account closing procedures.
  • The banking industry does not need that.
  • This decrease was mainly due to consolidation in the banking industry.
  • Salient aggregates and periodicity of publication should be agreed with the banking industry.
  • The banking industry also stressed the importance of users being involved in the TARGET2 project.
  • In 2002, the banking industry took up this challenging project by creating the European Payments Council (EPC).
  • That's how the banking industry learned its lesson.
  • Consider the atrocities committed by the banking industry and the government.
  • The banking industry does not need to start from scratch.
  • We have given the banking industry an opportunity to self-regulate in this particular area.
  • Transparency and comparability of fees were considered at Union level in a self-regulatory initiative, initiated by the banking industry.
  • In 2000 18 the Eurosystem noted that, despite some progress by the banking industry, customer prices had not decreased for cross-border payments.
  • The Eurosystem intends to continuously monitor the achievements of the banking industry and refine its strategy in the light of progress.
  • It presents the Governing Council's expectations, the corresponding time frames and an assessment of the work already done by the European banking industry.
  • This requires changes not only to the banking industry, but also to customers» habits in all euro area countries.
  • The new payment instruments offered to customers by the banking industry will be based on a new set of rules, practices and standards for euro payments.
  • This would benefit not only the banking industry but the whole EU economy.
  • Moreover, the Eurosystem has been actively engaged in discussions with the banking industry so as to act as a catalyst for change in this area.

Alternatives:

  • financial industry
  • banking sector
  • banking field
  • banking domain
  • banking realm

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