Until the implementation of the Financial Services Act of 2012, the United Kingdom had a three-part framework for regulation of its financial system, consisting of the Bank of England, the Treasury Department, and which other entity?

Question

Quizplus · Accepted Answer

The Financial Services Authority (FSA) was a key component of the UK's financial regulatory framework before the Financial Services Act of 2012 restructured the system. The FSA was responsible for the regulation of financial services and markets, ensuring that businesses adhered to proper standards.

Until the Implementation of the Financial Services Act of 2012