First thing that people think of when hearing words financial institutions are banks.But banks are not even near to be the only financial institutions.Financial institutions are the firms that provide financial services and advices to its clients.The financial institutions are generally regulated by the financial laws of government authority.The financial institutions are also responsible to transfer funds from investors to the companies.Also financial institutions are involved in exchanging of assets on behalf of their customers.Types of financial institutions.Functions of financial institutions.Regulations of financial institutions.Various types of Financial Institutions are as follows.