The Financial Services Compensation Scheme

GPTKB entity

Statements (52)
Predicate Object
gptkbp:instance_of gptkb:hospital
gptkbp:bfsLayer 6
gptkbp:bfsParent gptkb:Jayne-Anne_Gadhia
gptkbp:activities financial recovery
gptkbp:appointed_by the FSCS Limited
gptkbp:based_on gptkb:United_Kingdom
gptkbp:benefits customers of failed financial services firms
mortgage advice failures
gptkbp:covered_by £85,000
gptkbp:enhances financial system resilience
gptkbp:ensures fair treatment of consumers
gptkbp:form deposit insurance
gptkbp:founded gptkb:2001
gptkbp:governed_by gptkb:the_Financial_Conduct_Authority
gptkbp:government_type gptkb:theorem
gptkbp:has_role protecting consumers from financial loss
https://www.w3.org/2000/01/rdf-schema#label The Financial Services Compensation Scheme
gptkbp:investment £85,000
gptkbp:is_a_resource_for financial consumers seeking help
gptkbp:is_available_in individuals and small businesses
investment losses due to market fluctuations
gptkbp:is_critical_for maintaining public trust in finance
gptkbp:is_designed_to financial institution failures
accessible to all consumers
gptkbp:is_effective_against 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 financial consumer protection framework
UK's financial safety net
financial regulatory landscape
the UK financial regulatory framework
gptkbp:is_protected_by insurance policyholders
gptkbp:is_similar_to FDIC in the United States
gptkbp:is_subject_to regulatory oversight
gptkbp:key the UK's financial stability framework
gptkbp:key_people the UK's financial ecosystem
gptkbp:members the International Association of Deposit Insurers
gptkbp:promotes consumer confidence in financial services
gptkbp:proposed_by the Financial Services and Markets Act 2000
gptkbp:public_awareness supports economic stability.
gptkbp:receives_funding_from levies on financial services firms
annual contributions from firms
gptkbp:requires a stable financial system
financial services firms in the UK
gptkbp:safety_features financial consumers
gptkbp:security_features financial mismanagement
gptkbp:services protects consumers
gptkbp:type_of_insurance £2 million
gptkbp:was_a_response_to financial crises
the need for consumer protection
gptkbp:website information and claims