Beschreibung
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Erstellt von Mark Varela
vor etwa 10 Jahre
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Zu Notiz kopiert von Mark Varela
vor etwa 10 Jahre
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Seite 1
Financial infrastructure
Financial markets
Financial firms
Financial sector authorities Bank of England Financial Conduct Authority (FCA) Prudential Regulatory Authority HM Treasury
- payment, settlement, clearing, & trading systems
- on-exchange and over-the-counter (OTC)
- retail & investment banks, insurance companies, pension funds
Financial infrastructurePayment systems High value systems used by wholesale financial markets Widely used systems integral to wider economy Bank of England is the overseer.Three separate clearing companies responsible for maintaining operational efficiency & integrity - CHAPS, BACS, & Cheque & Credit Clearing Co. APACS is their main industry group.The Payments Council provides forum for development & innovation & is the voice of banking industry on payment issues.FCA regulate clearing houses & investment exchanges.
Financial marketsOn-exchange: trade equities & derivatives. Regulated by FCA.OTC: committees examine how markets function. No physical exchanges.
UK financial services structure
Annotations
Notes
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