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The rules of the FSCS are made by the Financial Conduct Authority (FCA) and are contained in its handbook. [2] The FSCS board of directors is appointed by and ultimately accountable to the FCA. It covers deposits, insurance, debt management, funeral plans, insurance, investments, pensions, mortgages and payment protection insurance to varying ...
Thankfully, the panic was partly managed by people knowing about the Financial Services Compensation Scheme (FSCS). Today, you might recognise FSCS logo that appears when you open your banking ...
The amended terms allowed former members of multiple societies which merge into one to maintain multiple entitlements to FSCS protection until 30 September 2009 (later extended to 30 December 2010), so (for example) a member with £50,000 in each of Nationwide, Cheshire and Derbyshire at the time of the respective mergers would retain £150,000 ...
Bank licensing, which sets certain requirements for starting a new bank, is closely connected with supervision and usually performed by the same public authority. Licensing provides the licence holders the right to own and to operate a bank. The licensing process is specific to the regulatory environment of the jurisdiction where the bank is ...
The two banks operate five locations locally between them.
FSCS may refer to: Financial Services Compensation Scheme; Future Scout and Calvary System, a joint British–American scout vehicle This page was last edited on 9 ...
Big bank CEOs, including JPMorgan's Jamie Dimon, Goldman Sachs' David Solomon, and Bank of America's Brian Moynihan, testify during a Senate Banking Committee hearing on new rules on December 06 ...
The term "affiliate" is broadly defined and includes parent companies, companies that share a parent company with the bank, companies that are under other types of common control with the bank (e.g. by a trust), companies with interlocking directors (a majority of directors, trustees, etc. are the same as a majority of the bank's), subsidiaries ...