EFFR and Exotic: Difference between pages

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imported>Doug Williamson
(Create the page. Source: https://www.newyorkfed.org/markets/obfrinfo)
 
imported>Doug Williamson
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''US.''  
1. ''Financial contracts.''
 
'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.''
 


The Effective Federal Funds Rate published by the Federal Reserve Bank of New York.




== See also ==
== See also ==
* [[Central bank]]
* [[Anti money laundering]] (AML)
* [[Fed funds]]
* [[Companies House]]
* [[Federal Reserve System]]
* [[Exotic currencies]]
* [[Federal Reserve Bank]]
* [[Fit for purpose]]
* [[OBFR]]
* [[Plain vanilla]]
* [[Treasury Committee]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Manage_risks]]

Revision as of 16:49, 25 June 2022

1. Financial contracts.

'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.


Corporate criminal liability framework not fit for purpose
"'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.



See also