Video: Introducing the Financial Conduct Authority
Published: 01/04/2013 Last Modified: 15/02/2014
We are one of the UK’s two new financial regulators, working alongside the Prudential Regulation Authority (PRA). Together, we replace the Financial Services Authority.
Introducing the Financial Conduct Authority
What the FCA is here to do
We will supervise 26,000 firms. Our aim is to make financial markets work well, and by doing this we ensure a fair deal in financial services. We will do this by:
- Securing an appropriate degree of consumer protection
- Promoting effective competition in the interests of consumers
- Protecting and enhancing the integrity of the UK financial system
We spoke to a variety of people about the FCA, their hopes for the new regulator and the future of financial services.
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