Financial Conduct Authority
- Financial Conduct Authority
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The Financial Conduct Authority (FCA),[1] previously known as the Consumer Protection and Markets Authority (CPMA), is a future agency of the Government of the United Kingdom, formed as one of the successors to the Financial Services Authority.[2] The agency will regulate financial firms providing services to consumers and maintain the integrity of the U.K.’s financial markets.[2] It will focus on the regulation of conduct by both retail and wholesale financial services firms.[3]
In early 2011, it was confirmed that the new head of the FCA will be Martin Wheatley, formerly chairman of Hong Kong's Securities and Futures Commission.[4]
The original name of Consumer Protection and Markets Authority (CPMA) was changed after the Treasury Select Committee pressured the government by pointing out that this name could mislead consumers.
See also
References
Categories:
- Public bodies and task forces of the United Kingdom government
- Financial regulatory authorities
- Financial regulation in the United Kingdom
- Economy of the United Kingdom
- United Kingdom government stubs
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