Financial Services Compensation Scheme: Difference between revisions
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imported>Doug Williamson (Remove historical limit.) |
imported>Doug Williamson (Add reference to credit union.) |
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(FSCS). | (FSCS). | ||
The UK scheme that guarantees certain bank | 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. | ||
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==See also== | ==See also== | ||
* [[BIP]] | * [[BIP]] | ||
* [[Credit union]] | |||
* [[Deposit Guarantee Scheme]] | * [[Deposit Guarantee Scheme]] | ||
* [[Deposit insurance]] | * [[Deposit insurance]] | ||
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* [[Retail]] | * [[Retail]] | ||
* [[Stability]] | * [[Stability]] | ||
[[Category:The_business_context]] | |||
[[Category:Financial_risk_management]] | |||
Revision as of 08:52, 22 May 2019
(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.
With effect from 2017, the guaranteed amount in the UK is limited to £85,000.
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.
