ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes, I understand this from the notes
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No, I don’t understand this from the notes
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No, I don’t understand this, as I have not read the notes
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None of the above
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Detailed explanation-1: -The Financial Conduct Authority (FCA) regulates the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. FCA works with HM Treasury.
Detailed explanation-2: -Our operational objectives are to: protect consumers from bad conduct. protect the integrity of the UK financial system. promote effective competition in the interests of consumers.
Detailed explanation-3: -Parliament created the FCA to regulate the conduct of the UK’s financial services. The FCA is also the prudential regulator for all firms apart from banks, building societies, credit unions, insurers and large investment firms.
Detailed explanation-4: -We are the Prudential Regulation Authority As part of the Bank of England, we are responsible for the prudential regulation and supervision of around 1, 500 banks, building societies, credit unions, insurers and major investment firms.