Financial Market Infrastructure: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add abbreviation.) |
imported>Doug Williamson (Add link.) |
||
| Line 33: | Line 33: | ||
*[[LVPS]] | *[[LVPS]] | ||
*[[Markets in Financial Instruments Regulation]] | *[[Markets in Financial Instruments Regulation]] | ||
*[[Payment infrastructure]] | |||
*[[Regulation]] | *[[Regulation]] | ||
*[[Systemic risk]] | *[[Systemic risk]] | ||
Revision as of 15:02, 27 September 2022
Financial market supervision.
(FMI).
1.
A payment system considered to be systemically important, and which is therefore subject to supervision.
2.
One of a number of payment systems considered to be systemically important in the UK, and which are therefore subject to supervision by the Bank of England.
They include CHAPS, FPS, BACS and CLS.
3.
More broadly, UK financial market infrastructure supervision extends to all three of:
- Recognised payment systems.
- Securities settlement systems.
- Central counterparties (CCPs).
