Financial Reporting Council and Financial Services Compensation Scheme: Difference between pages

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imported>Doug Williamson
m (Replaced Accounting Standards Board with Accounting Council in see also - 22/4/14)
 
imported>Doug Williamson
(Add heading.)
 
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(FRC).  
''Financial services - regulation - retail depositors - UK.''


The regulatory body in the UK that sets, monitors and enforces accounting, auditing and actuarial standards.
(FSCS).


Its functions also include overseeing the regulatory activities of the professional accountancy bodies regulating audit, and promoting high standards of corporate governance.  
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.




== See also ==
The guaranteed amount in the UK is limited and may vary from one year to the next. For failures from 2017 to 2021, the guaranteed amount in the UK was limited to £85,000.
* [[Accounting standards]]
* [[Accounting Council]]
* [[Auditing Practices Board]]
* [[Board for Actuarial Standards]]
* [[Financial Reporting Review Panel]]
* [[Professional Oversight Board]]
* [[UK Corporate Governance Code]]
* [[UK Stewardship Code]]
* [[Conduct Committee]]


[[Category:Accounting_and_Reporting]]
 
The FSCS is funded by a levy on financial firms authorised and regulated by the UK's Financial Conduct Authority and the Prudential Regulation Authority.
 
 
 
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.
 
 
==See also==
* [[BIP]]
* [[Credit union]]
* [[Deposit Guarantee Scheme]]
* [[Deposit insurance]]
* [[DGSD]]
* [[Financial Conduct Authority]]
* [[International Association of Deposit Insurers]]
* [[Levy]]
* [[Prudential Regulation Authority]]
* [[Regulation]]
* [[Retail]]
* [[Stability]]
 
 
==External link==
 
* [https://www.fscs.org.uk/ FSCS website]
 
[[Category:The_business_context]]
[[Category:Financial_risk_management]]

Revision as of 17:58, 21 June 2021

Financial services - regulation - retail depositors - UK.

(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.


The guaranteed amount in the UK is limited and may vary from one year to the next. For failures from 2017 to 2021, the guaranteed amount in the UK was limited to £85,000.


The FSCS is funded by a levy on financial firms authorised and regulated by the UK's Financial Conduct Authority and the Prudential Regulation Authority.


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


See also


External link

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