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Banking Regulation and Supervision Agency of Turkey (BRSA) ; Capital Markets Board (SPK) ; Insurance and Private Pension Regulation and Supervision Agency (IPRSA) Turks and Caicos: Turks and Caicos Islands Financial Services Commission (TCIFSC) Uganda: Bank of Uganda ; Capital Markets Authority (CMA) ; Insurance Regulatory Authority of Uganda ...
These are specified, under section 59 of the Financial Services and Markets Act [1] which still stands as the reference after the FSA split into the FCA and the PRA. [2] The FCA is solely responsible for all applications for approval for FCA Designated Controlled Functions for all FCA solo regulated firms. [3]
The FCA works alongside the Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements for the financial sector. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom ...
Its responsibilities were then split between two new agencies: the Financial Conduct Authority and the Prudential Regulation Authority of the Bank of England. Until its abolition, Lord Turner of Ecchinswell was the FSA's chairman [4] and Hector Sants was CEO until the end of June 2012, having announced his resignation on 16 March 2012. [5]
Prudential regulation and supervision requires banks to control risks and hold adequate capital as defined by capital requirements, liquidity requirements, the imposition of concentration risk (or large exposures) limits, and related reporting and public disclosure requirements and supervisory controls and processes. [1]
Financial regulatory authorities include those in charge of bank supervision; of securities regulation, often referred to as securities commissions; of anti-money laundering supervision of financial firms; and of consumer protection in financial services, and more generally of enforcing "conduct-of-business" requirements, not to mention ...
(for claims against firms declared in default from 1 April 2019). £85,000 Mortgage advice and arranging: 100% of the first £50,000 per person per firm (for claims against firms declared in default from 1 January 2010). £50,000 Insurance Business (e.g. pensions, life assurance, home and travel) 90% of the claim with no upper limit.
Prudential Regulation Authority (United Kingdom) This page was last edited on 29 December 2019, at 20:02 (UTC). Text is available under the Creative Commons ...