Financial Regulatory Bodies UK Flashcards
1
Q
PRA
A
Prudential Regulatory Authority - supervises financial firms and ensures that financial services and products are safe.
2
Q
FCA
A
Financial Conduct Authority - Promotes healthy competition between financial service providers
3
Q
FSCS
A
Financial Service Compensation Scheme - aims to protect consumers when financial firms fail
4
Q
FOS
A
Financial Ombudsman Service- settles disputes between consumers and businesses that provide financial services
5
Q
FRC
A
Financial Reporting Council- regulate auditors, actuaries and accountants
6
Q
TPR
A
The Pensions Regulator - investigate claims of businesses not fulfilling their duties to scheme members
