Topic 17 Flashcards
What is BOE responsible for
Protecting, enhancing monetary and financial stability
What does the financial policy committee do?
Identify and address risks that may threaten the stability of the whole economy
Who does PRA authorise
Large systemically important providers of financial services such as banks, insurance companies, and BS
What is the conduct regulation
Requires firms to make sure the product and services meet consumers needs and act appropriately to deal fairly with consumers
What is the prudential regulation
Ensuring a business is established and run on a sound financial basis
Who are the FCA & PRA jointly responsible for
Financial services compensation scheme
Who is responsible for investigating mergers that could restrict competition?
Competitions and markets authority
