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

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add reference to credit union.)
 
imported>Doug Williamson
(Layout.)
 
Line 1: Line 1:
(FSCS).
(FSB).  


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 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).  




With effect from 2017, the guaranteed amount in the UK is limited to £85,000.
The Board is established to:


# Develop and promote the implementation of effective regulatory, supervisory and other financial sector policies, and
# Thereby promote international financial stability.


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


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==
* [[BIP]]
* [[Credit union]]
* [[Deposit Guarantee Scheme]]
* [[Deposit insurance]]
* [[DGSD]]
* [[International Association of Deposit Insurers]]
* [[Retail]]
* [[Stability]]


[[Category:The_business_context]]
== See also ==
[[Category:Financial_risk_management]]
* [[Standard Setting Body]]
* [[G-20]]
* [[MCT]]

Revision as of 21:05, 10 April 2015

(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