Exotic and FLB3: Difference between pages

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1. ''Financial contracts.''
''Bank prudential management.''
 
'Exotic' is a description meaning that there are non-standard features in a financial contract.
 
 
2.
 
More broadly, 'exotic' structures and arrangements are any non-standard ones.
 
 
:<span style="color:#4B0082">'''''Corporate criminal liability framework not fit for purpose'''''</span>
 
:"'Another area of concern,' the UK Treasury Committee stressed, 'is company formation, specifically the role of Companies House, which is not required to carry out any AML checks. This makes it a weakness in the UK's system for preventing economic crime.'
 
:Meanwhile, contributors to the Committee's research described the UK's corporate criminal liability framework as 'not fit for purpose'.
 
:Under the current arrangements, the Committee said it is 'typically more difficult to identify which people are the directing mind and will of a larger company than a smaller one, potentially encouraging more exotic management structures to avoid prosecutions'."
 
:''The Treasurer magazine, Cash Management Edition April 2019, p8.''
 


Fully Loaded Basel III, sometimes written 'FLBIII'.


A basis of calculating and reporting prudential measures early, as if the transitional implementation period for Basel III had already come to end.


== See also ==
== See also ==
* [[AML]]
* [[Bank supervision]]
* [[Companies House]]
* [[Basel III]]
* [[Fit for purpose]]
* [[Fully loaded Basel III]]
* [[Plain vanilla]]
* [[Treasury Committee]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Manage_risks]]

Revision as of 19:54, 26 June 2022

Bank prudential management.

Fully Loaded Basel III, sometimes written 'FLBIII'.

A basis of calculating and reporting prudential measures early, as if the transitional implementation period for Basel III had already come to end.


See also