Financial Regulation

This is where the Institute posts material related to financial regulation, including of banks, insurers, investors and others in financial services. If you have material to add, or would like to help curate this page, please contact us. 

Organisations involved in financial regulation include:

  • The Financial Conduct Authority is the UK’s financial regulatory body, regulating financial firms providing services to consumers and maintains the integrity of the financial markets.

  • The Bank of England is the UK’s central bank, with a mission to deliver monetary and financial stability for the people of the UK.

  • The Prudential Regulation Authority is part of the Bank of England, and responsible for the prudential regulation and supervision of around 1,500 banks, building societies, credit unions, insurers and major investment firms.

  • HM Revenue and Customs is responsible for collecting taxes, paying some state support, administering regulatory regimes including the national minimum wage and issuing national insurance numbers. 

  • The Financial Reporting Council promotes transparency and integrity in business, regulating auditors, accountants and actuaries, and sets the UK’s Corporate Governance and Stewardship Codes.

  • The Insolvency Service helps to deliver economic confidence by supporting those in financial distress, tackling financial wrongdoing and maximising returns to creditors.

  • The Pensions Regulator regulates work-based pension schemes in the UK.

  • The Payment Systems Regulator is the UK’s regulator of payment systems and a competition authority.

  • The Office of the Regulator of Community Interest Companies regulates community interest companies, investigating complaints, taking action and providing guidance to those setting up CICs.

  • The Competition and Markets Authority also has a role in financial regulation including to promote competition for the benefit of consumers in utility and other sectors.

Further reading and information: