Home › value › ffn_642
Central Banking (FFN_642)
DGIF baseline 2026-1, the latest. Earlier baselines: timemap.
RDF: ffn_642.ttl
- Name
centralBanking
- Attribute
- FFN Feature Function
- Definition
- The provision of governmental banking services including supervisory monetary policy for a country or a group of member states (for example: the European Union).
- Description
- The primary responsibility is to maintain the stability of the national currency and money supply, but more active duties include controlling subsidized loan interest rates, and acting as a 'bailout' lender of last resort to the banking sector during times of financial crisis. There may also be supervisory powers to ensure that banks and other financial institutions do not behave recklessly or fraudulently.
- Accepted
- 2013-10-18
- Allowed for
- RWOI terms naming it
Source: DGIF 2026-1 QEA model, DGIWG. Standard: DGIWG 206-3. Licence: CC BY 4.0, © DGIWG.