Faster Payments Service and Microprudential: Difference between pages

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(FPS).  
''Bank regulation''.  


UK process for electronic payments, typically made via the internet or phone, to be processed in hours rather than days.
The part of the regulatory framework which is designed to enhance the safety and soundness of individual financial institutions, rather than the financial system as a whole.
 
It allows credit transfers and standing orders to be paid in near real time.  There is a maximum transaction amount.  It is operated by VocaLink 24 hours a day, 7 days a week.




== See also ==
== See also ==
* [[BACS]]
* [[Bank supervision]]
* [[Clearing House Automated Payment System]]
* [[Capital adequacy]]
* [[Electronic commerce]]
* [[Macroprudential]]
* [[Faster Payments Scheme]]
 
 
==Other links==
 
[http://www.treasurers.org/node/2932 UK Faster Payments Service, ACT Briefing note, 2008]
 
[[Category:Cash_management]]

Revision as of 08:30, 20 August 2016

Bank regulation.

The part of the regulatory framework which is designed to enhance the safety and soundness of individual financial institutions, rather than the financial system as a whole.


See also

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