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Plumbing (finance)

From Wikipedia, the free encyclopedia

In finance, plumbing (or financial plumbing), refers to the portions of the financial system that allow for the movement of capital and manage risk.[1] Portions of the global financial system identified as "plumbing" include money markets.[2]

Citibank's "Services" division, responsible for half of the bank's profit, deals primarily with business related to "financial pipes".[3]

References

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  1. ^ Duffie, Darrell (January 2013). "Replumbing Our Financial System: Uneven Progress" (PDF). International Journal of Central Banking: 251–279. Retrieved 28 June 2024.
  2. ^ Taplin, Nathaniel (4 December 2023). "Pressure Is Building in China's Financial Plumbing". The Wall Street Journal. Retrieved 28 June 2024.
  3. ^ Baer, Justin (18 June 2024). "Inside Citigroup's Most Mysterious Business". The Wall Street Journal. Retrieved 28 June 2024.