The Financial Services Compensation Scheme
GPTKB entity
Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:financial_services
|
| gptkbp:administered_by |
the FSCS Limited
|
| gptkbp:benefits |
customers of failed financial services firms
mortgage advice failures |
| gptkbp:covers_deposits_up_to |
£85,000
|
| gptkbp:covers_investments_up_to |
£85,000
|
| gptkbp:enhances |
financial system resilience
|
| gptkbp:ensures |
fair treatment of consumers
|
| gptkbp:founded_in |
gptkb:2001
|
| gptkbp:governed_by |
gptkb:the_Financial_Conduct_Authority
|
| gptkbp:has_a_dedicated_website_for |
information and claims
|
| gptkbp:has_a_maximum_payout_for_insurance_claims_of |
£2 million
|
| gptkbp:has_public_services |
protects consumers
|
| gptkbp:has_role |
protecting consumers from financial loss
|
| https://www.w3.org/2000/01/rdf-schema#label |
The Financial Services Compensation Scheme
|
| gptkbp:is_a_form_of |
deposit insurance
|
| gptkbp:is_a_government-backed_scheme |
gptkb:true
|
| gptkbp:is_a_key_component_of |
the UK's financial stability framework
|
| gptkbp:is_a_member_of |
the International Association of Deposit Insurers
|
| gptkbp:is_a_necessary_component_of |
a stable financial system
|
| gptkbp:is_a_part_of_the_uk's |
financial regulatory landscape
|
| gptkbp:is_a_resource_for |
financial consumers seeking help
|
| gptkbp:is_a_statutory_scheme_established_by |
the Financial Services and Markets Act 2000
|
| gptkbp:is_available_in |
individuals and small businesses
investment losses due to market fluctuations |
| gptkbp:is_based_in |
gptkb:United_Kingdom
|
| gptkbp:is_critical_for |
maintaining public trust in finance
|
| gptkbp:is_designed_to |
accessible to all consumers
|
| gptkbp:is_designed_to_respond_to |
financial institution failures
|
| gptkbp:is_funded_by |
levies on financial services firms
annual contributions from firms |
| gptkbp:is_intended_to_prevent |
bank runs
|
| gptkbp:is_involved_in |
the resolution of failed firms
consumer education about financial risks the compensation process for consumers |
| gptkbp:is_part_of |
UK's financial safety net
the UK financial regulatory framework |
| gptkbp:is_part_of_the_uk's |
financial consumer protection framework
|
| gptkbp:is_protected_by |
insurance policyholders
|
| gptkbp:is_similar_to |
FDIC in the United States
|
| gptkbp:is_subject_to |
regulatory oversight
|
| gptkbp:key_player |
the UK's financial ecosystem
|
| gptkbp:mechanism_of_action |
financial recovery
|
| gptkbp:promotes |
consumer confidence in financial services
|
| gptkbp:public_interest |
supports economic stability.
|
| gptkbp:requires |
financial services firms in the UK
|
| gptkbp:safety |
financial consumers
|
| gptkbp:security |
financial mismanagement
|
| gptkbp:was_a_response_to |
financial crises
the need for consumer protection |
| gptkbp:bfsParent |
gptkb:Jayne-Anne_Gadhia
|
| gptkbp:bfsLayer |
6
|