Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)


Regulating the UK Financial System Post Crisis under the Financial Services and Markets Act 2000 as Amended

Author(s): Ahmad Alsharqawi, Anan Shawqi Younes

This research Critically evaluate the regulatory objectives as compared to the efficiency in the regulatory structure from a single regulator (the Financial Conduct Authority) to the restructure of present multiple regulators (The Bank of England, the Financial Conduct Authority, and the Prudential Regulatory Authority) overseeing and regulating the financial market. Financial Services and Markets Act 2000: Memorandum of Understanding between the Financial Conduct Authority and the Bank of England, including the Prudential Regulation Authority March 2015 Presented to Parliament pursuant to paragraph 5 of Schedule 17A to the Financial Services and Markets Act 2000. The Act was considerably amended by the Financial Services Act 2012 and the Bank of England and Financial Services Act 2016. This Research will answer the question would separate regulators (FCA, PRA, BANK OF ENGLAND) achieve better regulatory objectives as compared to the FSA in light of the financial crisis in the last decade and any financial crisis will be facing the UK in the future? To achieve this the researchers divides the article into three sections the article start with Introduction to introduce the article, the second section contain the results and discussions two major sections of the main body of this research consist of Regulatory objectives and efficiency, and The main issue of contention may also shift to the debacle of transferring the singleregulator structure to a multiple-regulator restructure, with special emphasis on the global financial crisis and its repercussions. The research has a suitable conclusion at the end.

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