Geofinance

From Open Risk Manual

Definition

Geofinance is a composite (portmanteau) word (Geography + Finance) aiming to capture the interplay between geography and the financial organization of economic activity.

The concept encompasses the impact of national borders, geographic location and distance on the shape of banking and insurance entities and associated financial regulation [1]. In turn Geography is a also composite word (Gaia + Graph) indicating the description of the Earth. Hence geofinance primarily concerns the analysis and spatial representation of aspects of financial activity.

Significance

As a concept geofinance enters prominently in both traditional and modern issues and challenges:


See Also


References

  1. Speech by S. Woods, Prudential Regulation Authority (UK), Oct 2017