- published: 08 Oct 2013
- views: 11797
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Like its predecessor the FSA, the FCA is structured as a company limited by guarantee.
On 19 December 2012 the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. Specifically, the Act gave the Bank of England responsibility for financial stability, bringing together macro and micro prudential regulation, created a new regulatory structure consisting of the Bank of England's Financial Policy Committee, the Prudential Regulation Authority and the Financial Conduct Authority.
FCA may refer to:
The word authority (derived from the Latin word auctoritas) can be used to mean the right to exercise power given by the State (in the form of government, judges, police officers, etc.), or by academic knowledge of an area (someone can be an authority on a subject).
When the word Authority is used in the name of an organization, this name usually refers to the governing body upon which such authority is vested; for example, the Puerto Rico Electric Power Authority or the Massachusetts Bay Transportation Authority. It is also the right to do something.
In government, the term authority is often used interchangeably with power. However, their meanings differ: while power is defined as "the ability to influence somebody to do something that he/she would not have done", authority refers to a claim of legitimacy, the justification and right to exercise that power. For example, while a mob has the power to punish a criminal, for example by lynching, people who believe in the rule of law consider that only a court of law has the authority to punish a criminal legally as the law says.
Conduct may refer to:
Prudential Regulatory Authority or Prudential Regulation Authority may refer to:
The FCA is one of the UK's two financial regulators, working alongside the Prudential Regulation Authority (PRA). Its aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers. In 2013, it replaced the Financial Services Authority. The FCA supervises the conduct of over 50,000 firms, and regulate the prudential standards of those firms not covered by the Prudential Regulation Authority. Watch the review of the FCA's first year in business https://www.youtube.com/watch?v=E6Zv0YEI7lo Find out more about the FCA http://fca.org.uk/about Follow the FCA on social media: Twitter https://twitter.com/thefca LinkedIn http://www.linkedin.com/company/financial-conduct-authority
The UK Financial Conduct Authority uses Salesforce to help maintain the levels of trust required in the UK Financial Services industry.
The Financial Conduct Authority's (FCA) Business Plan sets out the activities that we intend to carry out in 2015/16 to protect consumers, enhance market integrity and promote competition. See our Business Plan: http://fca.org.uk/business-plan-2015-16 Areas we will be working on in the coming year: - to examine whether the sales practices of pension providers have improved since the 2014 review into annuities sales - to look at how firms were helping consumers make the right choice in relation to their pension given the options soon to be available to people as part of the Government’s pensions reforms - to look at how the mortgage market is working, in particular any barriers to competition and the ability of consumers to switch provider or access credit - to implement and review the co...
Director of Supervision, Clive Adamson outlines the FCA's approach to supervision going forward. Find out more about the FCA http://fca.org.uk/about The FCA regulates the financial services industry in the UK. Its aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers. The FCA supervises the conduct of over 50,000 firms, and regulates the prudential standards of those firms not covered by the Prudential Regulation Authority. Follow the FCA on social media: Twitter https://twitter.com/thefca LinkedIn http://www.linkedin.com/company/financial-conduct-authority
The Financial Services Authority (FSA) was swept away by the coalition government earlier this year in a supposed revolution in regulation. It was replaced by the Financial Conduct Authority (FCA). Adam Fleming reports on how things have changed under the new body.
Review of the Financial Conduct Authority's first year in business with FCA Chief Executive, Martin Wheatley, Chairman John Griffith-Jones, Aviva's Mark Wilson, Mearns & Co's Margaret Mearns and Age UK's Barbara Limon http://www.fca.org.uk/news/video-fca-first-anniversary More about the FCA http://fca.org.uk/about Follow the FCA on social media: Twitter https://twitter.com/thefca LinkedIn http://www.linkedin.com/company/financial-conduct-authority
My first vlog - an introduction and brief explanation as to why I created the site Click here to get graduate job advice from somebody who's actually been through the graduate recruitment process: http://toughlovegrad.com My Social Media Instagram - @toughlovegrad https://instagram.com/toughlovegrad/ Facebook - @toughlovegrad https://facebook.com/toughlovegrad/ Twitter- toughlovegrad https://twitter.com/toughlovegrad Snapchat- toughlovegrad Email- admin@toughlovegrad.com DISCLOSURE: All opinions are my own.
Find out more about how the FCA regulates car financing with some frequently asked questions put to Wessex Garages Director of Operations for Nissan, Renault & Dacia - Dale Richardson. http://www.wessexgarages.com
Financial Conduct Authority's (FCA) consumer credit supervision webinar for firms http://www.fca.org.uk/news/consumer-credit-supervision-webinar
Financial Conduct Authority's (FCA) guide to getting authorised for consumer credit. See more on getting credit ready: http://fca.org.uk/firms/firm-types/consumer-credit/authorisation/authorisation-webinar Information for consumer credit firms: http://fca.org.uk/firms/firm-types/consumer-credit Find out more about the FCA http://fca.org.uk/about The FCA regulates the financial services industry in the UK. Its aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers. The FCA supervises the conduct of over 50,000 firms, and regulates the prudential standards of those firms not covered by the Prudential Regulation Authority. Follow the FCA on social media: Twitter https://twitter.com/thefca LinkedIn http://www.li...
Meet the Financial Conduct Authority's Contact Centre team
Karen Lumley MP speaking in a backbench business debate on the Financial Conduct Authority Redress Scheme
The UK's Financial Conduct Authority (FCA)
The UK's Financial Conduct Authority (FCA) regulated broker
Financial Conduct Authority's (FCA) consumer credit supervision webinar for firms http://www.fca.org.uk/news/consumer-credit-supervision-webinar
Saad is an Law LLB graduate, with a year abroad. We spoke to Saad to find out how he secured a role as Enforcement Associate at the Financial Conduct Authority via the Tier 2 visa
Financial Conduct Authority's (FCA) consumer credit supervision webinar for firms http://www.fca.org.uk/news/consumer-credit-supervision-webinar
The UK's Financial Conduct Authority (FCA) regulated forex broker Darwinex
Chairman: Michel CROUHY, Head of Research & Development, Natixis. Guest speaker: David LAWTON, Director of Markets Policy & International, UK Financial Conduct Authority. S
How is the banking industry being reformed to improve its resilience? Professor of Law Keith Stanton discusses the measures being taken by industry regulators, such as the Financial Conduct Authority, to reform banking culture.
Director of Supervision, Clive Adamson outlines the FCA's approach to supervision going forward. Find out more about the FCA http://fca.org.uk/about The FCA regulates the financial services industry in the UK. Its aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers. The FCA supervises the conduct of over 50,000 firms, and regulates the prudential standards of those firms not covered by the Prudential Regulation Authority. Follow the FCA on social media: Twitter https://twitter.com/thefca LinkedIn http://www.linkedin.com/company/financial-conduct-authority
1:15 PM - 2:30 PM, Tuesday, June 7th, 2016. Harvard Business School. 'Smart Scaling' Breakout Speakers: Hunt Allcott from New York University, Stefan Hunt from Financial Conduct Authority, Mary Ann O'Loughlin from NSW Department of Premier & Cabinet, and Josh Wright from ideas42.
Is the asset management market working for pension schemes and their members? We'll hear the latest on the FCA's market study and reactions from three leading market participants. - Tracey McDermott, Interim Chief Executive Officer, Financial Conduct Authority - Robert Brown, Chairman, Global Investment Committee, Willis Towers Watson - Chris Hitchen, Chief Executive, RPMI - Andrew Stephens, Managing Director, BlackRock
Financial Conduct Authority's (FCA) webinar answering consumer credit firms' questions on getting authorised. See more on getting credit ready: http://fca.org.uk/firms/firm-types/consumer-credit/authorisation/authorisation-webinar Information for consumer credit firms: http://fca.org.uk/firms/firm-types/consumer-credit Find out more about the FCA http://fca.org.uk/about The FCA regulates the financial services industry in the UK. Its aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers. The FCA supervises the conduct of over 50,000 firms, and regulates the prudential standards of those firms not covered by the Prudential Regulation Authority. Follow the FCA on social media: Twitter https://twitter.com/thef...
Flash Panel: The impact of regulatory change on your data strategy – what should you be focusing on today? Tom Springbett, Head, FCA’s OTC Derivatives and Post-Trade Policy, Financial Conduct Authority Konstantinos Botopoulos, Chairman MISC Committee, member of the Management Board, ESMA Chris Johnson, Head of Product Management, Market Data Services, HSBC Securities Services Moderator: Marion Leslie, Managing Director, Pricing and Reference Services, Thomson Reuters
On 12 November 2014, we fined five banks - Citibank, HSBC, JPMorgan Chase, Royal Bank of Scotland and UBS - £1.1 billion for failing to control business practices in their G10 spot foreign exchange (FX) trading operations and announced an industry-wide remediation programme. See our press conference with Financial Conduct Authority (FCA) chief executive Martin Wheatley, Director of Enforcement and financial crime Tracey McDermott, director of supervision Clive Adamson and director of communications & international Zitah McMillan. See our press release: http://fca.org.uk/news/fca-fines-five-banks-for-fx-failings Find out more about the FCA http://fca.org.uk/about The FCA regulates the financial services industry in the UK. Its aim is to protect consumers, ensure the industry remains sta...