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

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(FRC). 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 and building society depositors' funds - subject to limits - should the bank or building society fail.


== See also ==
* [[Accounting standards]]
* [[Accounting Standards Board]]
* [[Auditing Practices Board]]
* [[Board for Actuarial Standards]]
* [[Financial Reporting Review Panel]]
* [[Professional Oversight Board]]
* [[UK Corporate Governance Code]]
* [[UK Stewardship Code]]


With effect from 2016, the guaranteed amount in the UK is limited to £75,000.
(It was previously £85,000.)
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.
==See also==
* [[Deposit Guarantee Scheme]]
* [[Deposit insurance]]
* [[DGSD]]
* [[International Association of Deposit Insurers]]
* [[Retail]]
* [[Stability]]

Revision as of 13:08, 10 August 2016

(FSCS).

The UK scheme that guarantees certain bank and building society depositors' funds - subject to limits - should the bank or building society fail.


With effect from 2016, the guaranteed amount in the UK is limited to £75,000.

(It was previously £85,000.)


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


See also

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