ME Bank

Members Equity Bank Limited, operating as ME, is a national bank based in Melbourne, Australia. Founded in 1994 as Super Member Home Loans (SMHL) by Australia's Industry Super Funds, SMHL became Members Equity Bank in 1999, and received a banking license from the Australian Prudential Regulatory Authority (APRA) in July 2001.

Initially founded to offer access home loan products, ME Bank today focuses on providing a range of low cost banking products including home loans, term deposits, and transaction accounts for individuals and businesses.

ME is owned by 30 industry super funds, including AustralianSuper, HESTA, HOSTPLUS and Cbus.Bernie Fraser, former Governor of the Reserve Bank of Australia, was chairman of the bank for 15 years.

History and development

Industry Funds Services (IFS) was founded in 1994, and in turn SMHL is launched by the ACTU with National Mutual (later to become AXA). The primary focus of SMHL was on providing home loans to Australians belonging to industry superannuation funds.

Bank

A bank is a financial institution that creates credit by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.

Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties — notably, the Medicis, the Fuggers, the Welsers, the Berenbergs and the Rothschilds — have played a central role over many centuries. The oldest existing retail bank is Monte dei Paschi di Siena, while the oldest existing merchant bank is Berenberg Bank.

Bankə

Bankə (also, Bank, Banka, Bankov, Imeni Kirova, Rybokombinat Imeni Kirova, Severo-Vostochnyy Bank, and Severo-Vostotchnyi Bank) is a village and the most populous municipality, except for the capital Neftçala, in the Neftchala Rayon of Azerbaijan. It has a population of 7,574.

Etymology

The city's name comes from Azerbaijani version of fishing bank.

References

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Horse jumping obstacles

Various obstacles are found in competitive sports involving horse jumping. These include show jumping, hunter, and the cross-country phase of the equestrian discipline of eventing. The size and type of obstacles vary depending on the course and the level of the horse and rider, but all horses must successfully negotiate these obstacles in order to complete a competition. Fences used in hunter and eventing are generally made to look relatively rustic and natural.

In jumping competition, they are often brightly colored and creatively designed. In hunter and jumper competition, obstacles are constructed to fall down if struck by the horse. In eventing, they are built to be solid, though for safety, certain elements may be designed to break away if hit.

Arrowhead

Also called chevrons, these fences are shaped like triangles, with the point facing towards the ground. They are generally very narrow, usually only a few feet wide. Arrowhead fences require the rider to keep their horse straight between their hands and legs, as it is easy for a run-out to occur due to the narrowness of the fence. These fences are often used in combination with other obstacles to increase their difficulty, such as right after a bank or as the second obstacle in a bending line. This tests the rider's ability to regain control of his/her horse following an obstacle.