financial market regulations

Question 1

Bank of England regs

Answer 1

-macroprudential and micro prudential
-financial policy committee (macro prudential): identify, monitor and protect against systemic risk, instruct PRS and FCA in tackling issues, advise gov
-prudential reg authority: maintain stability of banks, supervise management of risk, setting industry standards for conduct, specify ratios

Question 2

other micro prudential regs

Answer 2

-financial conduct authority: protect consumers and increase confidence in finical institutions by:
supervising conduct of firms to ensure legality
promote comp for better deals
ban financial products against interests
ban/change misleading adverts