UK Financial Services Authority

The UK Financial Services Authority (FSA) was a regulatory body responsible for overseeing financial markets, firms, and services in the UK to ensure stability, fairness, and confidence. It regulated banks, insurance companies, investment firms, and financial advisers, making sure they follow laws and operate ethically. The FSA aimed to protect consumers, prevent financial crime, and promote a transparent financial system. In 2013, it was replaced by two separate entities: the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), each focusing on different aspects of financial regulation.