Working of financial services authority, Financial Management

Assignment Help:

Working of FSA

The FSA Board is responsible for the management of FSA. It is appointed by the Treasury. It consists of a chairman, a chief executive officer, three managing directors and nine non-executive directors. The non-executive directors include, a lead non-executive member, a deputy chairman and a deputy governor (financial stability) of the Bank of England (designated as an ex-officio director).

The Board works on overall policy of FSA. The day-to-day decisions and management of the staff are taken care of by the executive. The non-executive directors check whether FSA is operating efficiently and economically, financial control mechanism and its effectiveness, and set the pay of the executive members of the Board.

It is an open and transparent organization providing full information to firms, consumers and others about its objectives, plans, policies and rules through its website.

It is a regulatory body regulating the entire financial services industry in the UK. It regulates most financial services markets, exchanges and firms. It sets the standards that they must meet and can take action against firms if they fail to meet the require standards. For this, it is provided with a wide range of rule-making, investigatory and enforcement powers.

 


Related Discussions:- Working of financial services authority

Write down budget constraint - budget line, You have $20 to spend on high q...

You have $20 to spend on high quality pens and low quality pens. High quality pens cost $5 each and low quality pens cost $2 each.    (a) Suppose that you will spend your entire

Have large bank holding companies increased market share, Have the large ba...

Have the large bank holding companies increased their market share at the expense of smaller institutions? A: No. A study conducted by the Federal Reserve Bank of New York reve

What is the ratios based on historic cost accounts, What is the Ratios base...

What is the Ratios based on historic cost accounts Ratios based on historic cost accounts don't give a true picture of trends, due to the effects of inflation and different acc

Alternative dividend policies, The managing directors of three profitable l...

The managing directors of three profitable listed companies discussed their companies' dividend policies at a business lunch. Company A ; has deliberately paid no dividends for

Definition of cost of capital, Definition of cost of capital In analyzi...

Definition of cost of capital In analyzing the cost of capital it is presumed that business risk of the firm remains unchanged (i.e., that projects accepted don't affect the va

Barriers of shrm implementation, Q. Barriers of SHRM Implementation? Ba...

Q. Barriers of SHRM Implementation? Barriers of SHRM: barriers to successful SHRM implementation are complex. The main reason is a lack of growth strategy or failure to impleme

Yield spread measures relative to a spot rate curve, Nominal spread o...

Nominal spread of a non-treasury bond can be defined as the difference between the bond's yield and the yield to maturity of a benchmark treasury coupon security.

Contrast a benefit and a defined contribution pension plan, Compare and con...

Compare and contrast a defined benefit and a defined contribution pension plan. In defined benefit plan retirement remuneration are determined by a formula that typically

Emerging market bonds, Emerging market bonds are the bonds offe...

Emerging market bonds are the bonds offered by less developed countries. The government normally issues them. These exclude borrowings from gove

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd