Bank supervision and Multicurrency one-country pooling: Difference between pages

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imported>Doug Williamson
(Expand. Source: linked pages.)
 
imported>Doug Williamson
(Linked to The Treasurers Handbook - Legal implications of cash pooling structures)
 
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In the UK, the Prudential Regulation Authority (PRA) is the body responsible for the prudential regulation and supervision of banks and similar financial firms.
A cash management technique in which excess funds from companies’ accounts in the same country, which are denominated in different currencies, are concentrated and used to offset deficits for the purpose of determining interest earned or owed.
 
The PRA is part of the Bank of England.
 
 
In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
 
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.
 
The ECB is responsible for:
*Supervisory reviews
*On-site inspections and investigations
*Granting and withdrawing banking licences
*Assessing bank acquisitions
*Ensuring compliance with European Union prudential rules
*If required, setting higher capital requirements to counter financial risks.
 
 
In the United States, bank supervision is undertaken by the Federal Reserve System.




== See also ==
== See also ==
* [[Bank of England]]
* [[Cash concentration]]
* [[Capital adequacy]]
* [[Cash management]]
* [[Contingent capital]]
* [[Deficit]]
* [[European Central Bank]]
* [[Pooling]]
* [[Euro zone]]
* [[CertICM]]
* [[Federal Reserve System]]
* [[Legal implications of cash pooling structures]]
* [[Financial Services Authority]]
* [[Financial Conduct Authority]]
* [[CFTC]]
* [[Prudential Regulation Authority]]

Revision as of 11:11, 1 December 2014

A cash management technique in which excess funds from companies’ accounts in the same country, which are denominated in different currencies, are concentrated and used to offset deficits for the purpose of determining interest earned or owed.


See also