The Financial Services Authority (UK)

The Financial Services Authority (FSA) was the UK’s regulator responsible for overseeing financial markets, including banks, insurance companies, and investment firms. Its role was to ensure these organizations operated fairly, transparently, and securely, protecting consumers and maintaining market confidence. Established in 2001, the FSA enforced rules, investigated misconduct, and promoted stability in the financial sector. In 2013, it was replaced by two agencies: the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), which now handle prudential regulation and conduct regulation, respectively.