Code of practice and G-SIFI: Difference between pages

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imported>Doug Williamson
(Change 'must take' to 'will take'.)
 
imported>Doug Williamson
(Link with G-SIB page.)
 
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1.
(GSIFI).


Relevant published and authoritative guidance not having direct legal effect.
Globally operating Systemically Important Financial Institution. (Often Global systemically important financial institution.)


Codes of practice are not statements of law and there is no direct penalty for failing to comply with them, but courts and tribunals will take any relevant codes of practice into account when making legal decisions.
Sometimes known as a Global SIFI.


Sometimes known as codes of conduct.
The idea developed for [[Too Big To Fail]] banks often distinguished by the [[Financial Stability Board]] as "global systemically important banks" (G-SIBs).  


Appetite whetted, regulators in the FSB then looked around for similarly important non-bank institutions, for example insurance companies or large investors.


2.


A Code of Practice is a document issued by the UK Pensions Regulator providing practical guidelines on the requirements of pensions legislation and setting out standards of conduct and practice expected of those who must meet these requirements.
== See also ==
 
* [[Global SIFI]]
 
* [[Too Big To Fail]]
==See also==
* [[G-SIB]]
* [[ACT Ethical Code]]
* [[Code]]
* [[Guidance]]
* [[Technical provisions]]
* [[UK Corporate Governance Code]]
 
[[Category:Ethics_and_corporate_governance]]

Revision as of 21:43, 8 November 2015

(GSIFI).

Globally operating Systemically Important Financial Institution. (Often Global systemically important financial institution.)

Sometimes known as a Global SIFI.

The idea developed for Too Big To Fail banks often distinguished by the Financial Stability Board as "global systemically important banks" (G-SIBs).

Appetite whetted, regulators in the FSB then looked around for similarly important non-bank institutions, for example insurance companies or large investors.


See also