ECONOMICS
MONETARY POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
False
|
|
|
True
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -Primary Agricultural Credit Society and cooperative land mortgage banks are excluded from the Act.
Detailed explanation-2: -We make sure banks are run well Our Prudential Regulation Authority regulates and supervises all the major banks, building societies, credit unions, insurers and investment firms in the UK.
Detailed explanation-3: -The regulators of the financial services industry are the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). They were formed in 2013 after the financial crisis to replace the previous regulator, the Financial Services Authority.
Detailed explanation-4: -Lending is not regulated as such except for consumer credit and home finance activity (both regulated under the FSMA). Forms of lending that involve financial instruments (such as securities or derivatives) are generally regulated under the UK MiFID framework.