|
|
Financial crisis |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Financial crisisA loss of confidence in a country's currency or other financial assets causing international investors to withdraw their funds from the country.Similar MatchesFinancial guarantee insuranceFinancial guarantee insuranceInsurance created to cover losses from specified financial transactions. Corporate financial managementCorporate financial managementThe application of financial principles within a corporation to create and maintain value through decision-making and proper resource management. Institute of Financial PlanningInstitute of Financial PlanningThe UK professional body committed to the development of financial planning. The Institute was set up in 1986 and draws its members from accountancy, insurance, taxation, stockbroking, education and legal professions. Its stated objectives include 'promotion of the profession and practice of financial planning, increasing public awareness for the need for financial planning, creating of recognised professional qualifications for members, ensuring professional standards through a Code of Ethics and screening of new members, encouragement of education in the theory and practice of financial planning and the sharing of knowledge with other professionals'. A financial planner may be from any relevant professional background.To obtain Associate status a planner must hold a relevant professional qualification such as the Advanced Financial Planning Certificate (AFPC) and have three years related experience. Fellowship is available subject to the passing of a further examination and a longer period of experience. A list of Certified Financial Practitioners is established in the 'Registry' and is available to members of the public from the Institute. These practitioners are independent and are obliged to offer a fee basis. They must be prepared to offer a financial planning service separate from investment business if requested by a client. Reference to a Certified Financial Planner would usually be relevant to people seeking a higher level of advice or those with more complex requirements. Chief Financial Officer (CFO)Chief Financial Officer (CFO)The officer of a firm is responsible for handling the financial affairs of a company. Financial Services Compensation SchemeFinancial Services Compensation SchemeThe Financial Services Compensation Scheme is the sole financial compensatory scheme. It was set up by the Financial Services Authority (FSA) in December 2001, and replaced:Building Societies Investor Protection SchemeDeposit Protection SchemeFriendly Societies Protection SchemeInvestors Compensation SchemePIA Indemnity SchemePolicyholders Protection Boardhttp://www.fscs.org.uk Further SuggestionsFinancial Accounting Standards Board (FASB)Statement of Financial Accounting Standards No 8 Financial ratio Statement of Financial Accounting Standards No 52 London International Financial Futures and Options Exchange (LIFFE) Direct costs of financial distress Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) Indirect costs of financial distress Financial distress Chartered Financial Analyst (CFA) Financial strategy Financial market Perfectly competitive financial markets financial institution financial strength Financial innovation Swiss Options and Financial Futures Exchange (SOFFEX) Financial leverage Financial Statement Financial intermediaries Financial Services Authority independent financial adviser Short term financial plan Financial lease Financial future |
|
|
|