The Financial Services Authority (FSA)
This is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. The FSA are a company limited by guarantee and financed by the financial services industry. The Treasury appoints the FSA Board. This Board sets our overall policy, but day-to-day decisions and management of the staff are the responsibility of the CEO of the FSA.
The FSA is an independent organisation responsible for regulating financial services in the UK.
The FSA has been the single regulator for financial services in the UK since December 2001, when the Financial Services and Markets Act 2000 (FSMA) came into force.
ifs School of Finance
(Institute of Financial Services)
The ifs School of Finance is a registered charity incorporated by Royal Charter. Thye provide financial education to financial services professionals the world over, and to consumers in the UK.
They work closely with the financial services industry to provide tailored learning for some of the world's best-known financial services providers.
Members agree proposals for changes to the organisation's corporate governance and structure. Changes to the Royal Charter are approved by the Privy Council and the organisation is renamed as the ifs School of Finance.
The Charter Institute of Insurance (CII)
The CII is the premier professional organisation for those working in the insurance and financial services industry. It is dedicated to promoting higher standards of competence and integrity through the provision of relevant qualifications for employees at all levels and across all sectors of the industry.
Bank of England
The Bank of England is the central bank of the United Kingdom. Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised on 1 March 1946, and gained independence in 1997. Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy.
One of the Bank of England's two core purposes is monetary stability. Monetary stability means stable prices - low inflation - and confidence in the currency. Stable prices are defined by the Government's inflation target, which the Bank seeks to meet through the decisions on interest rates taken by the Monetary Policy Committee.
The current governance and accountability framework is set by the 1998 Bank of England Act, which provides for a Court of Directors, a Committee on Non-executive Directors within Court, and a Monetary Policy Committee.




