Plumbing (finance): Difference between revisions

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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

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

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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.

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 {{Short description|Portions of finance system related to capital flows}}
-In finance, '''plumbing''' (or '''financial plumbing''') is a term that refers to the portions of the [[financial system]] that allow for the movement of capital and manage risk.<ref>{{cite journal |last1=Duffie |first1=Darrell |title=Replumbing Our Financial System: Uneven Progress |journal=International Journal of Central Banking |date=January 2013 |pages=251-279 |url=https://www.ijcb.org/journal/ijcb13q0a12.pdf |access-date=28 June 2024}}</ref> Portions of the global financial system identified as "plumbing" include [[money markets]].<ref>{{cite news |last1=Taplin |first1=Nathaniel |title=Pressure Is Building in China’s Financial Plumbing |url=https://www.wsj.com/finance/pressure-is-building-in-chinas-financial-plumbing-c8e85bc5 |access-date=28 June 2024 |work=The Wall Street Journal |date=4 December 2023}}</ref>
+In finance, '''plumbing''' (or '''financial plumbing'''), refers to the portions of the [[financial system]] that allow for the movement of capital and manage risk.<ref>{{cite journal |last1=Duffie |first1=Darrell |title=Replumbing Our Financial System: Uneven Progress |journal=International Journal of Central Banking |date=January 2013 |pages=251-279 |url=https://www.ijcb.org/journal/ijcb13q0a12.pdf |access-date=28 June 2024}}</ref> Portions of the global financial system identified as "plumbing" include [[money markets]].<ref>{{cite news |last1=Taplin |first1=Nathaniel |title=Pressure Is Building in China’s Financial Plumbing |url=https://www.wsj.com/finance/pressure-is-building-in-chinas-financial-plumbing-c8e85bc5 |access-date=28 June 2024 |work=The Wall Street Journal |date=4 December 2023}}</ref>
+[[Citibank|Citibank's]] "Services" division, responsible for half of the bank's profit, deals primarily with business related to "financial pipes".<ref>{{cite news |last1=Baer |first1=Justin |title=Inside Citigroup’s Most Mysterious Business |url=https://www.wsj.com/finance/investing/citi-services-investors-day-ad5604f9 |access-date=28 June 2024 |work=The Wall Street Journal |date=18 June 2024}}</ref>
 ==References==