FICC and Liikanen Report: Difference between pages

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1. ''Banking.''
A European Union proposal for a regulation to stop the largest banks from engaging in proprietary trading (comparable with the Volcker Rule in the US Dodd-Frank Act).


Fixed Income, Currencies, and Commodities.
The proposals for the EU would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business, if the pursuit of such activities was deemed to compromise financial stability.


A grouping of activities organisationally in some banks - the Fixed Income (FI) part referring to bonds etc.


Not necessarily a rational organisational grouping.
The proposals are also known as the 'Liikanen rule' or the Barnier-Liikanen rule.


Following interest rate and currency market scandals in the years following 2010, FICC has increasingly become used as a market sector classification by regulators.
Previously broadly recognisable in, for example, UK usage as encompassing the [[non-investment product]] and commodities sectors.
2. ''US''.
Fixed Income Clearing Corporation.




==See also==
==See also==
*[[FEMR]]
*[[Dodd-Frank]]
*[[Fixed Income Clearing Corporation]]
*[[European Union]]  
* [[Fixed Income, Currencies and Commodities Markets Standards Board]]  (FMSB)
*[[Volcker Rule]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Financial_products_and_markets]]

Revision as of 11:04, 8 August 2015

A European Union proposal for a regulation to stop the largest banks from engaging in proprietary trading (comparable with the Volcker Rule in the US Dodd-Frank Act).

The proposals for the EU would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business, if the pursuit of such activities was deemed to compromise financial stability.


The proposals are also known as the 'Liikanen rule' or the Barnier-Liikanen rule.


See also

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