Financial Conduct Authority and Financial Market Infrastructure: Difference between pages

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(FCA).
''Financial market supervision.''


One of two key regulators for the financial services industry in the UK.  
(FMI).


1.


The FCA's responsibilities include:
A payment system considered to be systemically important, and which is therefore subject to supervision.


# Protecting consumers;
# Ensuring the financial services industry remains stable; and
# Promoting healthy competition between financial services providers.


2.


The Financial Conduct Authority's responsibilities were formerly undertaken by the Financial Services Authority (FSA).
One of a number of payment systems considered to be systemically important in the UK, and which are therefore subject to supervision by the Bank of England.


The former FSA's other responsibilities were substantially transferred to the Prudential Regulation Authority (PRA).
They include CHAPS, FPS, BACS and CLS.
 
 
3.
 
More broadly, UK financial market infrastructure supervision extends to all three of:
*Recognised payment systems.
*Securities settlement systems.
*Central counterparties (CCPs).




== See also ==
== See also ==
*[[CHAPS]]
*[[CLS]]
*[[Infrastructure]]
*[[LVPS]]
*[[Regulation]]
*[[SIPS]]
*[[Systemic risk]]
*[[Clearing House Automated Payment System]]
*[[Faster Payments Service]] (FPS)
*[[BACS]]
*[[Continuous linked settlement]]
*[[Bank of England]]


* [[BaFin]]
[[Category:Cash_management]]
* [[CFTC]]
* [[Conduct risk]]
* [[Disclosure and Transparency Rules]]
* [[Financial Services Authority]]
* [[FRAND]]
* [[FSMA]]
* [[LIBOR]]
* [[NCA]]
* [[Prudential Regulation Authority]]
* [[SMR]]
* [[Twin Peaks]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Revision as of 15:18, 13 August 2016

Financial market supervision.

(FMI).

1.

A payment system considered to be systemically important, and which is therefore subject to supervision.


2.

One of a number of payment systems considered to be systemically important in the UK, and which are therefore subject to supervision by the Bank of England.

They include CHAPS, FPS, BACS and CLS.


3.

More broadly, UK financial market infrastructure supervision extends to all three of:

  • Recognised payment systems.
  • Securities settlement systems.
  • Central counterparties (CCPs).


See also

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