Understanding the UK Regulatory Framework in the Financial Sector

The video explores the evolution of the UK financial regulatory framework, highlighting key changes from pre-1997 to the present. It discusses the roles of the Bank of England, the Financial Services Authority, and the creation of the FCA, PRA, and FPC post-2008 crisis. The video explains macroprudential and microprudential regulations, focusing on systemic risk management and individual institution stability. It also covers the FCA's role in promoting competition, protecting consumers, and ensuring market integrity.

What are the key assessment areas that the PRA focuses on when evaluating banks?

How does the FCA promote competition within the UK financial services sector?

What measures does the FCA implement to protect consumers in the financial sector?

Discuss the importance of market integrity and how it is maintained in the UK financial system.