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| In the UK, the Prudential Regulation Authority is the body responsible for the prudential regulation and supervision of banks and similar financial firms.
| | ''UK Corporation Tax''. |
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| | | An administrative arrangement in a group of companies whereby one nominated company pays the corporation tax liability for the entire group. |
| In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
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| The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. The ECB directly supervises the 120 'most significant' banks within each Euro zone member state.
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| The ECB is responsible for:
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| *Supervisory reviews
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| *On-site inspections and investigations
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| *Granting and withdrawing banking licences
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| *Assessing bank acquisitions
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| *Ensuring compliance with European Union prudential rules
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| *If required, setting higher capital requirements to counter financial risks.
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| In the United States, bank supervision is undertaken by the Federal Reserve System.
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| == See also == | | == See also == |
| * [[Capital adequacy]] | | * [[Corporation Tax]] |
| * [[Contingent capital]] | | * [[Group relief]] |
| * [[European Central Bank]]
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| * [[Euro zone]]
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| * [[Federal Reserve System]]
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| * [[Financial Services Authority]]
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| * [[Financial Conduct Authority]]
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| * [[CFTC]]
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| * [[Prudential Regulation Authority]]
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Revision as of 11:30, 27 August 2013
UK Corporation Tax.
An administrative arrangement in a group of companies whereby one nominated company pays the corporation tax liability for the entire group.
See also
