ESTER and Financial Services Compensation Scheme: Difference between pages

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imported>Doug Williamson
(Add alternative spelling - source - ACT blog - https://www.treasurers.org/hub/blog/LIBOR-update-June-2022)
 
imported>Doug Williamson
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''Interest rates - reference rates.''
''Financial services - regulation - retail depositors - UK.''


ESTER is an interest rate calculated by the European Central Bank that reflects wholesale overnight borrowing costs for eurozone banks.  
(FSCS).


The UK scheme that guarantees certain bank, building society or credit union depositors' funds - subject to limits - should the bank, building society or credit union fail.


ESTER is an acronym for Euro Short Term Rate.


ESTER is also sometimes written as '€STR' or 'ESTR'.
The guaranteed amount in the UK is limited and may vary from one year to the next. For failures from 2017 to 2021, the guaranteed amount in the UK was limited to £85,000.
 
 
The FSCS is funded by a levy on financial firms authorised and regulated by the UK's Financial Conduct Authority and the Prudential Regulation Authority.
 
 
 
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.




==See also==
==See also==
*[[Benchmark]]
* [[BIP]]
*[[EURIBOR]]
* [[Compensation]]
*[[Euro area]]
* [[Credit union]]
*[[Euro LIBOR]]
* [[Deposit Guarantee Scheme]]
*[[European Central Bank]]
* [[Deposit insurance]]
*[[Eurozone]]
* [[DGSD]]
*[[Fallback]]
* [[Financial Conduct Authority]]
*[[O/N]]
* [[Financial Ombudsman Service]]
* [[Pre-€STR]]
* [[Insolvency waterfall]]
*[[Reference rate]]
* [[International Association of Deposit Insurers]]
*[[RFR]]
* [[Levy]]
*[[Risk-free rates]]
* [[Prudential Regulation Authority]]
*[[SONIA]]
* [[Regulation]]
* [[Retail]]
* [[Stability]]
 


==External link==


==Other link==
* [https://www.fscs.org.uk/ FSCS website]
[https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/euro_short-term_rate/html/index.en.html European Central Bank Euro short term rate]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_risk_management]]

Revision as of 14:23, 23 April 2023

Financial services - regulation - retail depositors - UK.

(FSCS).

The UK scheme that guarantees certain bank, building society or credit union depositors' funds - subject to limits - should the bank, building society or credit union fail.


The guaranteed amount in the UK is limited and may vary from one year to the next. For failures from 2017 to 2021, the guaranteed amount in the UK was limited to £85,000.


The FSCS is funded by a levy on financial firms authorised and regulated by the UK's Financial Conduct Authority and the Prudential Regulation Authority.


Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.


See also


External link

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