Banking license in the Czech Republic, European Union, Switzerland and China

Bachelor thesis deals with the banking license in general, the reasons for its existence and the limitations. It defines a banking license and describes its most important components, the individual licensing requirements that financial institutions must meet to obtain a status of a bank. Furthermore, the work deals with the determination of differences in the definition of the bank and licensing requirements, which are in many aspects the same or similar, but also have fundamental differences. Differences and similarities are examined in the Czech Republic, the European Union, Switzerland and the People's Republic of China. Requirements vary according to the country's approach, their goals or, for example, the political system. The differences are mainly in the required minimum capital or management requirements, which affects the entry of financial institutions into the banking sector in each country. Specifics such as the single European license principle are also explained and analysed here. The method of examining these facts is to compare legislation in selected countries.