Given the increased regulation and capital requirements around
foreign exchange products of this nature, the foreign exchange companies
who offer these products do so through a separately regulated entity.
There are two father/son sets who have been president.
Around 25% of currency transfers/payments in India are made via non-bank Foreign Exchange Companies.
In 2006, it was estimated that 14% of currency transfers/international payments processed in the UK were made via
non-bank Foreign Exchange Companies.
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It increases the finance available for green projects,
therefore incentivising an increase in their number.
A large number and broad range of projects and assets that contribute to achieving the 17
SDGs need this funding for their development and operations.
The number of independent broker-dealer firms has declined from 1175 in 2007 to 819 in 2018, while RIA firms have grown from
9,538 to 15,645 over the same time period.
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