Examples of FCA in a sentence
The Financial Services Act 2012 empowers the Financial Policy Committee of the BoE (the “FPC”), which is a sub-committee of the Court of Directors of the BoE, to give directions to the PRA and the FCA so as to ensure implementation of macro-prudential measures intended to manage systemic risk.
The FCA is conducting a Strategic Review of Retail Banking Business Models, looking at the potential effect of technological change, increased digitalisation and free-if-in-credit banking on firms’ business models.
This intensive approach to supervision is maintained by the PRA and the FCA.
As of 1 April 2015, the PSR also has an objective and powers equivalent to those of the FCA to promote competition in the payments industry.
In addition, the FCA and PSR continue to undertake a number of competition related studies and reviews across a number of the Group’s businesses.