Financial Conduct Authority (United Kingdom)

The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom responsible for overseeing financial markets and firms to ensure they operate fairly and transparently. Established in 2013, its primary goals are to protect consumers, enhance market integrity, and promote competition. The FCA regulates banks, insurance companies, and investment firms, ensuring they comply with laws and treat customers fairly. By setting standards and enforcing regulations, the FCA aims to maintain trust in the financial system and prevent misconduct, thereby contributing to the overall stability of the economy.