Financial Services Compensation Scheme and Financial Stability Board: Difference between pages

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''Financial services - regulation - retail depositors - UK.''
(FSB).  


(FSCS).
The Financial Stability Board was established by the G20 to coordinate, at the international level, the work of national financial authorities and international standard setting bodies (SSBs).  


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 Board is established to:


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.
(1) Develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, and


(2) Thereby promote international financial stability.


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.


The FSB consists chiefly of central banks, government departments and other national financial and monetary authorities, international standard setting bodies and other groupings.


 
== See also ==
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.
* [[Standard Setting Body]]
 
 
==See also==
* [[BIP]]
* [[Compensation]]
* [[Credit union]]
* [[Deposit Guarantee Scheme]]
* [[Deposit insurance]]
* [[DGSD]]
* [[Financial Conduct Authority]]
* [[Financial Ombudsman Service]]
* [[Insolvency waterfall]]
* [[International Association of Deposit Insurers]]
* [[Levy]]
* [[Prudential Regulation Authority]]
* [[Regulation]]
* [[Retail]]
* [[Stability]]
 
 
==External link==
 
* [https://www.fscs.org.uk/ FSCS website]
 
[[Category:The_business_context]]
[[Category:Financial_risk_management]]

Revision as of 11:57, 30 May 2013

(FSB).

The Financial Stability Board was established by the G20 to coordinate, at the international level, the work of national financial authorities and international standard setting bodies (SSBs).


The Board is established to:

(1) Develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, and

(2) Thereby promote international financial stability.


The FSB consists chiefly of central banks, government departments and other national financial and monetary authorities, international standard setting bodies and other groupings.

See also

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