Helping to share the web since 1996
Government guarantees (more formally known as the Financial Claims Scheme (FCS) in Australia) are an interesting and globally, a quite common component of well governed financial systems. Predominately borne out of the chaos and uncertainty of the 2008 Global Financial Crisis, the aim was to sure up confidence in the nations banking system and prevent large scale drawdowns (called runs on the bank) that remove the capital held by the bank and eventually will seize up its ability to function.
There are no posts for this page yet.
Upgrade Options