Fed funds and Financial Services Authority: Difference between pages

Revision as of 12:14, 11 April 2013

(FSA).

The former UK body which, amongst its duties, was the regulatory authority in the UK for most financial services markets, exchanges and firms.

The FSA's former responsibilities have now been divided and transferred to:

1. The Financial Conduct Authority; and

2. The Prudential Regulation Authority.

Some of the FSA's functions were comparable with the CFTC in the United States.

@@ Line 1: / Line 1: @@
-''US Banking''.
+(FSA).
-Funds deposited by commercial banks at Federal Reserve Banks, including funds in excess of bank reserve requirements.
+The former UK body which, amongst its duties, was the regulatory authority in the UK for most financial services markets, exchanges and firms.
-Banks may lend federal funds to each other on an overnight basis at the federal funds rate to help the borrowing bank satisfy its reserve requirements or liquidity needs.
+The FSA's former responsibilities have now been divided and transferred to:
+. The Financial Conduct Authority; and
+. The Prudential Regulation Authority.
+Some of the FSA's functions were comparable with the CFTC in the United States.
 == See also ==
-* [[EFFR]]
+* [[Trustees]]
-* [[Federal Reserve Bank]]
+* [[CFTC]]
-* [[Federal Reserve System]]
-* [[Board of Governors of the Federal Reserve System]]
-* [[OBFR]]