The Bank of England regulates the financial markets through the work of two bodies under its control-the Financial Policy Committee (FPC) and the Prudential Regulation Authority (PRA). They both work together to ensure the stability of financial markets.

FINANCIAL MARKETS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Yes, I understand this from the notes
B	No, I don’t understand this from the notes
C	No, I don’t understand this, as I have not read the notes
D	None of the above

Explanation:

Detailed explanation-1: -The Prudential Regulation Authority regulates around 1, 500 banks, building societies, credit unions, insurers and major investment firms.

Detailed explanation-2: -The Bank of England’s Financial Policy Committee (FPC) identifies, monitors and takes action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system.

Detailed explanation-3: -The Financial Policy Committee (FPC) seeks to ensure the UK financial system is prepared for, and resilient to, the wide range of risks it could face – so that the system is able to absorb rather than amplify shocks, and serve UK households and businesses.

Detailed explanation-4: -the Financial Conduct Authority (FCA) and. the Prudential Regulation Authority (PRA).

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

FINANCIAL MARKETS