As a bank insurance supervisor, it is crucial to have a strong command of English vocabulary to effectively communicate with international stakeholders, understand regulatory documents, and navigate the complex landscape of the finance sector. This article provides an extensive list of essential English vocabulary that bank insurance supervisors should be familiar with. The terms are categorized into different sections to facilitate easy reference.
Banking Terminology
General Banking
- Bankrupt
- Capital adequacy ratio
- Credit risk
- Deposit
- Loan
- Reserve requirement
- Savings account
Types of Banks
- Central bank
- Commercial bank
- Development bank
- Investment bank
- Savings bank
Financial Instruments
- Bond
- Certificate of deposit
- Derivative
- Equity
- Fixed income
- Mutual fund
- Treasury bill
Insurance Terminology
General Insurance Concepts
- Actuarial science
- Insurance policy
- Premium
- Risk
- Underwriting
Types of Insurance
- Life insurance
- Property and casualty insurance
- Health insurance
- Liability insurance
- Travel insurance
Insurance Products
- Annuity
- Endowment policy
- Term insurance
- Whole life insurance
Regulatory and Compliance Vocabulary
Regulatory Bodies
- Basel Committee on Banking Supervision (BCBS)
- European Banking Authority (EBA)
- Financial Conduct Authority (FCA)
- International Association of Insurance Supervisors (IAIS)
- Office of the Comptroller of the Currency (OCC)
Compliance Concepts
- Anti-money laundering (AML)
- Bank Secrecy Act (BSA)
- Compliance officer
- Due diligence
- Know Your Customer (KYC)
- Risk management
Legal Terms
- Contract
- Liability
- Litigation
- Negligence
- Tort
Financial Reporting and Analysis
Financial Statements
- Balance sheet
- Cash flow statement
- Income statement
- Statement of changes in equity
Financial Ratios
- Current ratio
- Debt-to-equity ratio
- Earnings per share (EPS)
- Return on assets (ROA)
- Return on equity (ROE)
Investment Analysis
- Capital asset pricing model (CAPM)
- Dividend yield
- Market capitalization
- Price-to-earnings (P/E) ratio
- Volatility
Communication and Soft Skills
Business Correspondence
- Agenda
- Correspondence
- Memo
- Minutes
- Proposal
Interpersonal Skills
- Advocacy
- Communication
- Diplomacy
- Negotiation
- Persuasion
Professional Development
- Continuing professional development (CPD)
- Leadership
- Mentorship
- Networking
- Teamwork
By familiarizing yourself with these terms and concepts, you will be better equipped to excel in your role as a bank insurance supervisor. Whether you are engaging in regulatory discussions, analyzing financial data, or collaborating with international colleagues, the vocabulary provided in this article will serve as a valuable resource.