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LIBF Unit 4 Topic 1 Study guide question sections. 100% Coverage, rated A+

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LIBF Unit 4 Topic 1 Study guide question sections. 100% Coverage, rated A+ Competition and Markets Authority (CMA) - ✔✔-The body responsible for strengthening business competition and prevent... ing and reducing anti-competitive activities. Counterparties - ✔✔-People and organisations (eg companies) who lend money to and borrow from financial intermediaries (ie financial institutions such as banks). Credit Union - ✔✔-A mutual organisation (that is, owned by its members) that provides a range of financial products to members, eg savings accounts and personal loans. Members of a credit union must share a common bond, eg all work for the same employer or all work in the same district. Divestment - ✔✔-The process of selling off parts of a company to make it smaller e.g. Lloyds sell-off that created new TSB branches Financial Conduct Authority (FCA) - ✔✔-The organisation that regulates financial firms providing services to consumers, and maintains the integrity of the UK's financial markets. Financial intermediary - ✔✔-A financial institution that facilitates the exchange of funds between savers and spenders by taking in funds from savers and then lending those funds to borrowers and investors Financial intermediation - ✔✔-The process of taking in deposits from those with a surplus and lending those funds out of those who need to borrow Financial Ombudsman Service (FOS) - ✔✔-An independent body set up by Parliament that settles customer complaints about providers at no charge to consumers Financial Policy Committee (FPC) - ✔✔-A part of the Bank of England that monitors and responds to risk posed to the entire financial services market. Its focus on [Show More]

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