TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

Record number: 1, Textual support number: 1 CONT

The banks are currently undergoing the "fourth disintermediation". The first involved saving and mutual funds; the second saw the capital markets take on some of the banks traditional roles as providers of credit; the third helped streamline back-office operations. Now, in the fourth stage, the distribution of banking products is being disintermediated.  4, fiche 1, Anglais, - disintermediation

Fiche 1,  Justifications,  Français

Record number: 1, Textual support number: 1 DEF

Élimination des intermédiaires permettant d'avoir directement accès aux marchés des capitaux, sans passer par les maisons de courtage, banques ou autres établissements financiers.  3, fiche 1, Français, - d%C3%A9sinterm%C3%A9diation

Fiche 1,  Justifications,  Espagnol