Topic 17 Flashcards
What is the BOR responsible for
Protecting enhancing monetary and financial stability
What does the financial policy committee do
Identity risks that may threaten the stability of the whole economy
Who does the prudential regulation authority authorise
Large systemically important providers such as banks, insurance companies and BS
What is the prudential regulation
Ensuring a business is run on a sound financial basis
Who are the PRA and FCA jointly responsible for
Financial services compenstation scheme
What is the competition and market authority responsible for
Investigating mergers that could restrict competition
What does the high level standards section on the FCA handbook detail
Overarching standards applying to all firms and authorised individuals
What is the conduct of business sourcebook
General business standards (MCOBS, ICOBS, BCOBS)
What does the market conduct sourcebook include
Interest to investment firms as it covers such issues as insider dealing
What is specialist sourcebook include
Arrangements for credit unions, professional firms like Solictors and accountants, collective investments / investment funds
Which job role has to be pre approved by FCA/PRA before being appointed
Senior management functions (significant harm roles)
What are certification functions
Individuals who must be certified as fit and proper to carry out their role includes mortgage and investment advisers
Who is responsible for fair treatment of consumers
Firms senior management
What is management information
Data or statistics used to measure business performance and drive necessary change
What aspects are under market abuse
Insider dealing and market manipulation
