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The Financial Services Authority (FSA) was a quasi-judicial body accountable for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board ( SIB ) in 1985.
Financial Services Authority (2001–2013) in the United Kingdom; Federal Home Loan Bank Board (1932-1989) and Office of Thrift Supervision (1989–2011) in the ...
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. [ 2 ]
The following is a list of regulators in the UK. Regulators exercise regulatory or supervisory authority over a variety of endeavours. In addition, local authorities in the UK provide regulatory functions in a number of areas. Professional associations also act to regulate their memberships. The UK is also bound by a number of European and ...
The Financial Services Act 2012 is an Act of the Parliament of the United Kingdom which implements a new regulatory framework for the financial system and financial services in the UK. It replaces the Financial Services Authority with two new regulators, namely the Financial Conduct Authority and the Prudential Regulation Authority, and creates ...
A group of MPs and Peers have published a scathing report on the UK's main financial regulator, the Financial Conduct Authority (FCA). Describing it as "incompetent", they say the FCA is "too ...
The Prudential Regulation Authority (PRA) is a United Kingdom financial services regulatory body, formed as one of the successors to the Financial Services Authority (FSA). [ 1 ] [ 2 ] [ 3 ] The authority is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.
Throughout the greater part of the 20th century the UK financial services industry was largely self-regulated in its nature. The main regulatory legislation was the Prevention of Fraud (Investments) Act 1958 which was introduced in an attempt to provide a degree of consumer protection, but in itself did not go far enough as the scope was narrow and was frequently open to interpretation.