Regulation of the financial system in the UK

• What is the role of the PRA?:

  • Prudential supervision involves assessing and ensuring the financial soundness of these institutions to prevent financial instability.
• What is the role of the PRA?

  •Prudential supervision involves assessing and ensuring the financial soundness of these institutions to prevent financial instability.
• What does the PRA help prevent?

  financial instability
• What is the role of the FPC?:

  • The FPC assesses the financial system to identify potential risks that could threaten its stability e.g excessive credit growth
• What is the role of the FPC?:

  • The FPC assesses the financial system to identify potential risks that could threaten its stability e.g excessive credit growth
• What is an example of something that can threaten the financial system?

  excessive credit growth
• What is the role of the FCA?:

  • The FCA is responsible for regulating commercial banks, investment firms, insurance companies, asset managers, and consumer credit providers
• What is the role of the FCA?:

  • The FCA is responsible for regulating commercial banks, investment firms, insurance companies, asset managers, and consumer credit providers
• What does the FCA do to regulate the financial system?:

  • Consumer Protection
  • Market Supervision