Zusammenfassung der Ressource
C2: Regulation of financial services
- Chancellor of the Exchequer
Anmerkungen:
- - direct authority over HM Treasury
- direct responsibility for regulation & conduct of business
- HM Treasury
Anmerkungen:
- - department responsible for regulation under direct authority of the Chancellor
- Key legal instruments
- Financial Services &
Markets Act 2000
(FSMA)
- Financial Services Act 2012
- New regulatory framework (2010)
Anmerkungen:
- - came into effect 1st April 2013
- Financial Policy Committee (FPC)
Anmerkungen:
- - created within the Bank of England
- Prudential Regulatory Authority (PRA)
Anmerkungen:
- - subsidiary of the Bank of England
- prudential regulation & authorisation of certain larger firms (banks/insurers)
- Financial Conduct Authority (FCA)
Anmerkungen:
- - conduct & market responsibilities
- authorises smaller firms (IFAs) directly