banking system
- noun
- /ˈbæŋkɪŋ ˈsɪstəm/
- The U.S. economy is unlikely to recover fully until the banking system is restructured.
- central banking system
- commercial banking system
- international banking system
So the whole banking system is completely insolvent.
- So the whole banking system is completely insolvent.
- The Afghan banking system is frozen.
- Switzerland's banking system is five times the size of its GDP.
- These measures stopped bank runs and kept the Russian banking system functional.
- Like what good is the financial freedom if the whole banking system crashes?
- So Speaking of the banks, so two hours ago, the Fed said that banking system is strong.
- With those exposures, Ukraine still does have a fully functional banking system and is making debt repayments.
- How do we best protect people using online banking systems?
- That is the miracle of a modern banking system.
- It's instead reducing the risk in the banking system.
- It just seems the whole, the whole real estate slash banking system is very prone to this kind of corruption.
- It's why I think cryptocurrency became so enticing to people because it's outside the banking system.
Examples
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We know what we have done to our banking system here.
Academic text (1992) -
Central banks clear payments by transferring reserves within the banking system.
Academic text (2017) -
This is the entire banking system right here, OK.
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Do not return the banking system into risk.
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And you know, it seems not even the banking system is able to stop this.
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Eventually they set up a banking system where you would give the money over in LA
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I think it is fair to say that we do not have a banking system in Mexico.
Academic text (1997) -
These measures stopped bank runs and kept the Russian banking system functional.
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The fifth lesson introduced the students to the banking system and the exchange of money.
Academic text (1992) -
The U.S. economy is unlikely to recover fully until the banking system is restructured.
Synonyms
The business of managing money and accounts at a bank
Companies that take people's money, lend it, and offer services to help with money
Surface Forms
Morphology
The meaning is directly derivable from combining 'banking' (the business of handling money) with 'system' (a formalized set of procedures), yielding the organized set of banks and financial operations. This straightforward compositional pattern is cross-linguistically common, so a B1 learner who knows both constituents would readily infer the MWE meaning.
Etymology
Banking system mixes banking (the work of banks) and system (connected parts); picture many banks as parts of one machine that move money around. So, banking system means 'all the banks in a country working together to handle money'.