Financial Services Authority and Monetary Policy Committee: Difference between pages

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imported>Doug Williamson
(Create the page. Sources: linked pages and Bank of England webpage http://www.bankofengland.co.uk/monetarypolicy/Pages/overview.aspx)
 
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(FSA).
''UK - Bank of England.''


The former UK body which, amongst its duties, was the regulatory authority in the UK for most financial services markets, exchanges and firms.
(MPC).


The FSA's former responsibilities have now been divided and transferred to:
Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.


1. The Financial Conduct Authority; and
Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC).


2. The Prudential Regulation Authority.


With effect from September 2016, the MPC meets eight times a year to set and announce the Official Bank Rate.


Some of the FSA's functions were comparable with the CFTC in the United States.


== See also ==
== See also ==
* [[Financial Conduct Authority]]
* [[Bank of England]]
* [[Prudential Regulation Authority]]
* [[Monetary policy]]
* [[Trustees]]
* [[Official Bank Rate]]
* [[CFTC]]

Revision as of 13:02, 7 August 2016

UK - Bank of England.

(MPC).

Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.

Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC).


With effect from September 2016, the MPC meets eight times a year to set and announce the Official Bank Rate.


See also

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