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The Extended Industry Sorting Code Directory (EISCD) is based upon the ISCD and was introduced to provide reference data to support the UK's Faster Payments service. The EISCD contains all data elements found within the ISCD, with the addition of a new section containing Faster Payments clearing information for each UK bank branch.
The Banking Code was a voluntary code of practice agreed by banks in certain countries. The code typically described how banks dealt with accepting deposits and withdrawals and with customer disputes on transactions. Banking codes have in most countries been replaced by government imposed financial regulation governing banking practices.
Historically, the Irish banking system shared the sort code structure used in the UK, but operated as a separate system since the Irish pound broke the link with sterling in March 1979. Codes are issued by the Banking and Payments Federation Ireland (BPFI) [8] which replaced IPSO in 2014. [9] The full list of sort codes used in Ireland is as ...
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
For a list of Swiss bank codes, see Bank clearing number. Ukraine has 6 digit bank codes. Account number does not include bank code. List of bank codes is available at the site of the National Bank of Ukraine. [2] The UK has a 6-digit sort code. For prefixes identifying UK banking companies, see the list of sort codes of the United Kingdom.
Close Brothers Group plc — is a merchant banking company that provides lending, takes deposits, manages wealth, and trades in securities. It is headquartered in London. It was founded in 1878 by William Brooks Close and his brothers Fred and James Close in Sioux City, Iowa, US. In 2022 its revenue was £936 million, with a net income of £165 ...
Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary legal vehicle to organise and run business. Tracing their modern history to the late Industrial Revolution , public companies now employ more people and generate more of wealth in the United Kingdom ...
The Bank of England will either try to ensure the failed bank is sold onto another private sector purchaser, set up a subsidiary company to run the failing bank's assets (a "bridge-bank"), or for the UK Treasury to directly take shares in "temporary public ownership". This will wipe out the shareholders, but will keep creditors' claims intact.