Banking in Packilvania: Difference between revisions

'''Banking in [[Packilvania]]''' comprises the banks that operate within and from the country and the regulatory environment in which they operate. At the head of the banking system is the [[Packilvanian Central Bank]] (PCB). Among the 100 banks that operate in the country, the largest four are systemically important banks. The Packilvanian banking sector is among the largest contributors to the [[Packilvania#Economy|economy of Packilvania]]. The PCB alongside the Imperial Revenue Service (IRS) and the Financial Services Regulatory Board (FSRB) implements and develops regulations that shape the Packilvanian banking sector. Despite being comparable to banking sectors in other countries, there have been controversies around banks bailouts, capital control regulations and innovation in the sector.

The [[Packilvanian Central Bank]] is the central bank of Packilvania. It is the banker to the government and the lender of last resort. It issues the national currency, the [[Packilvanian dinar]], and controls monetary policy. It is owned entirely by the [[Politics of Packilvania|Government of Packilvania]] through the Department of Finance (also known as the Imperial Treasury). The incumbent governor of the bank is LordDr MudeenUramid a-Henad Zubeer, the Earl of ParhoudNekhal. The bank is independent from the government and is run by its board.