Financial Services Authority - FSA

AAA

DEFINITION of 'Financial Services Authority - FSA '

Regulating body for all providers of financial services in the United Kingdom. The Financial Services Authority (FSA) is an independent, non-governmental entity that receives its statutory powers through the Financial Services and Markets Act of 2000. The company is funded entirely by firms that it regulates within the financial services industry, and is accountable to Treasury Ministers and Parliament. The statutory objectives of the Financial Services Authority are to ensure market confidence, financial stability, consumer protection and the reduction of financial crime.

INVESTOPEDIA EXPLAINS 'Financial Services Authority - FSA '

The Financial Services Authority is governed by a Board that is appointed by the U.K.'s Treasury. The majority of Board members are non-executive. In addition to the Board, FSA's management structure includes a Chief Executive Officer (CEO), a Chief Operating Officer (COO) and two managing directors. In 1997, the decision to merge banking supervision and investment services regulation into the Securities and Investments Board (SIB) was made. The SIB changed its name later that year to the Financial Services Authority (FSA). The FSA has the responsibilities of several organizations including the Personal Investment Authority (PIA), the Securities and Futures Authority (SFA), and mortgage regulation.

RELATED TERMS
  1. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  2. London Stock Exchange - LSE

    The primary stock exchange in the U.K. and the largest in Europe. ...
  3. EUREX

    The largest futures and options market in the world, dealing ...
  4. Euronext

    A cross-border European stock exchange, originally created in ...
  5. London International Financial ...

    A futures and options exchange in London, England that was modeled ...
  6. Smart Traveler Enrollment Program

    A service of the U.S. Department of State that lets U.S. citizens ...
RELATED FAQS
  1. What is meant by "full disclosure"?

    Most likely, the "full disclosure" you're talking about refers to rules put in place by the Securities and Exchange Commission ... Read Full Answer >>
  2. What are some examples of "pork barrel politics" in the United States?

    So-called "pork barrel politics" has been present in the United States' legislative and, to a lesser degree, executive branches ... Read Full Answer >>
  3. How can an investor profit from a decline in the aerospace sector?

    Several forms of speculation enable investors to profit from a decline in the aerospace sector. Short selling aerospace stock ... Read Full Answer >>
  4. How is a market failure prevented with regard to public goods?

    It was once commonly accepted that any public good constituted a market failure and provided necessary and sufficient conditions ... Read Full Answer >>
  5. How is a market failure corrected?

    Imperfect market outcomes are corrected through a reallocation of resources or change in incentive structure. Economists ... Read Full Answer >>
  6. Which markets are most prone to market failure from adverse selection?

    Adverse selection causes market failure -- a sub-optimal level of beneficial trades -- whenever material information cannot ... Read Full Answer >>
Related Articles
  1. Taxes

    Changes In Tax Legislation And Regulation

    Keeping on top of these amendments can help you avoid penalties and take advantage of benefits.
  2. Entrepreneurship

    Government Regulations: Do They Help Businesses?

    These rules are in place to protect consumers and help businesses thrive at the same time.
  3. Economics

    The SEC: A Brief History Of Regulation

    The SEC has continued to make the market a safer place and to learn from and adapt to new scandals and crises.
  4. Economics

    The Pitfalls Of Financial Regulation

    Regulatory actions usually have lofty intentions that end up with unintended and negative consequences.
  5. Active Trading

    What Would Full Disclosure Mean For The Market?

    In the wake accounting scandals, more people are calling for full disclosure. But what would that even help?
  6. Investing Basics

    Policing The Securities Market: An Overview Of The SEC

    Find out how this regulatory body protects the rights of investors.
  7. Active Trading Fundamentals

    Invest In Gold Through ETFs

    Steep barriers to entry in gold futures have spawned an assortment of gold based equity funds.
  8. Taxes

    Presidential Candidates And Wall Street In 2016

    Wall Street's influence will play a large role in the 2016 presidential race. As election season begins, candidates are showing their true colors.
  9. Economics

    Presidential Candidates For Students In 2016

    Early 2016 Presidential candidates are already making clear their intended strategies for solving the country's growing student loan debt issues.
  10. Economics

    China And The Maritime Silk Road

    We provide an overview of China's planned Maritime Silk Road.

You May Also Like

Hot Definitions
  1. Adverse Selection

    1. The tendency of those in dangerous jobs or high risk lifestyles to get life insurance. 2. A situation where sellers have ...
  2. Wash Trading

    The process of buying shares of a company through one broker while selling shares through a different broker. Wash trading ...
  3. Fixed-Income Arbitrage

    An investment strategy that attempts to profit from arbitrage opportunities in interest rate securities. When using a fixed-income ...
  4. Venture-Capital-Backed IPO

    The selling to the public of shares in a company that has previously been funded primarily by private investors. The alternative ...
  5. Merger Arbitrage

    A hedge fund strategy in which the stocks of two merging companies are simultaneously bought and sold to create a riskless ...
  6. Market Failure

    An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers ...
Trading Center