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

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(FSCS).
(FSB).  


The UK scheme that guarantees certain bank and building society depositors' funds - subject to limits - should the bank or building society 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 2016, the guaranteed amount in the UK is limited to £75,000.
The Board is established to:


(It was previously £85,000.)
# 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==
== See also ==
* [[BIP]]
* [[Basel Committee on Banking Supervision]]
* [[Deposit Guarantee Scheme]]
* [[Basel III]]
* [[Deposit insurance]]
* [[Moral hazard]]
* [[DGSD]]
* [[Standard Setting Body]]
* [[International Association of Deposit Insurers]]
* [[G-20]]
* [[Retail]]
* [[MCT]]
* [[Stability]]

Revision as of 16:56, 15 August 2016

(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