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
edit- ^ 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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