Financial Reporting Council and Notional pooling: Difference between pages

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''Financial reporting - UK''
''Banking''. 


(FRC).  
The technique used by banks for calculating interest on balances in a notional cash pool.  


The regulatory body in the UK that sets, monitors and enforces accounting, auditing and actuarial standards.
Excess funds in the accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.  


The FRC's other functions include overseeing the regulatory activities of the professional accountancy bodies regulating audit, and promoting high standards of corporate governance.  
Notional pooling is also referred to as interest offset pooling.




== See also ==
== See also ==
* [[Accounting standards]]
* [[Cash pool]]
* [[Accounting Council]]
* [[CertICM]]
* [[Audit and Assurance Council]]
* [[Cross-guarantees]]
* [[Actuarial Council]]
* [[Interest rate enhancement]]
* [[BEIS]]
* [[Financial Reporting Review Panel]]
* [[Professional Oversight Board]]
* [[UK Corporate Governance Code]]
* [[UK Stewardship Code]]
* [[Conduct Committee]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Long_term_funding]]
[[Category:Cash_management]]

Revision as of 08:14, 29 November 2014

Banking.

The technique used by banks for calculating interest on balances in a notional cash pool.

Excess funds in the accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.

Notional pooling is also referred to as interest offset pooling.


See also

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