Management Control of European Banks: A Review

Banks are purveyors and manufacturers of money. Banks carry out several functions and there shall be a proper control and supervision. It has primary functions and secondary functions. The primary functions are important functions of banks and the secondary functions are services by banks to public. The banks provide finance functions and it is one of the financial institution of finance sector. All the functions are economic functions and it is blood and nerves of financial system. Any failure of banks directly affects economy and national growth and development. The effective management control of banks protects economy of the nation. The collapse of the banks means that the entire financial system is collapsed