Useful Regulatory Links

United Kingdom

Europe

International

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

The Competition and Markets Authority is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-competitive activities.

The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

The Panel has a broad statutory remit to advise the FCA.

The Financial Ombudsman Service is an ombudsman in the United Kingdom. It was established in 2000, and given statutory powers in 2001 by the Financial Services and Markets Act 2000, to help settle disputes between consumers and UK-based businesses providing financial services, such as banks, building societies, insurance companies, investment firms, financial advisers and finance companies.

The Financial Services Panel are an independent statutory body, set up to represent the interests of consumers in the development of policy for the regulation of financial services. 

The FSCS exists to protect customers of financial services firms that have failed. 

Her Majesty’s Treasury, sometimes referred to as the Exchequer, or more informally the Treasury, is the British government department responsible for developing and executing the government’s public finance policy and economic policy.

The ICO in the United Kingdom, is a non-departmental public body which reports directly to Parliament and is sponsored by the Department for Digital, Culture, Media and Sport.

The Ministry of Justice is a ministerial department of the British Government headed by the Secretary of State for Justice and Lord Chancellor.

The NCA is a national law enforcement agency in the United Kingdom. It is the UK’s lead agency against organised crime; human, weapon and drug trafficking; cyber crime; and economic crime that goes across regional and international borders, but can be tasked to investigate any crime.

The OFSI helps to ensure that financial sanctions are properly understood, implemented and enforced in the United Kingdom.

The Prudential Regulation Authority is a United Kingdom financial services regulatory body, formed as one of the successors to the Financial Services Authority.

The Payment Systems Regulator was created by the Financial Services (Banking Reform) Act 2013. The PSR has been fully operational since 1 April 2015. The PSR is the world’s first economic regulator for payments.

The Serious Fraud Office is a non-ministerial government department of the Government of the United Kingdom that investigates and prosecutes serious or complex fraud and corruption in England, Wales and Northern Ireland.

AMICE, the Association of Mutual Insurers and Insurance Cooperatives in Europe, was created in January 2008 and its prime purpose is to ensure that the voice of the mutual and cooperative insurance sector in Europe is heard and that the interests of its members are taken into account in securing a level playing field for all insurers in Europe.

The European Banking Authority is a regulatory agency of the European Union headquartered in Paris. Its activities include conducting stress tests on European banks to increase transparency in the European financial system and identifying weaknesses in banks’ capital structures.

The European Banking Federation is a trade association that represent 32 national banking associations in the EU and EFTA countries. It represents over 3,500 banks and about two million employees. The EBF is the voice of Europe’s banking sector in all regulatory debates at European and global level.

The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

The European Central Bank is the central bank for the euro and administers monetary policy within the Eurozone, which comprises 19 member states of the European Union and is one of the largest monetary areas in the world.

The EDPB is an EU body in charge of the application of the General Data Protection Regulation (GDPR) as of 25 May 2018. It’s made up of the head of each DPA and of the European Data Protection Supervisor (EDPS) or their representatives.

The Experts Group is a consultative entity set up by the Commission Services in order to provide advice and expertise, in the area of the securities law, to the Commission and its services..

The European Insurance and Occupational Pensions Authority is a European Union financial regulatory institution that replaced the Committee of European Insurance and Occupational Pensions Supervisors.

The Joint Committee is a forum for cooperation that was established on 1st January 2011, with the goal of strengthening cooperation between the European Banking Authority (EBA), European Securities and Markets Authority (ESMA) and European Insurance and Occupational Pensions Authority (EIOPA), collectively known as the three European Supervisory Authorities (ESAs).

The European Securities and Markets Authority is a European Union financial regulatory agency and European Supervisory Authority, located in Paris. ESMA replaced the Committee of European Securities Regulators on 1 January 2011.

The European Systemic Risk Board was established on 16 December 2010 in response to the ongoing financial crisis. It is tasked with the macro-prudential oversight of the financial system within the European Union in order to contribute to the prevention or mitigation of systemic risks to financial stability in the EU.

Founded in 1967, the European Mortgage Federation is the representative at EU level of the mortgage loan product, bringing together national banking associations and individual mortgage lenders from the EU Member States.

The European Payments Council was founded in 2002. It calls itself “the decision-making and coordination body of the European banking industry in relation to payments”. The main task of the EPC is the development of the Single Euro Payment Area. The 74 members are banks and banking associatio EPC QR Code.

The Financial Services User Group (FSUG) was set up by the Commission in order to involve users of financial services in policy-making. The group was established in 2010.

Finance Watch is a European non-governmental organisation that conducts research and advocacy on financial regulation. Based in Brussels, the organization focuses on financial regulation in the European Union and its member states.

The SRB is the central resolution authority within the Banking Union. Together with the National Resolution Authorities of participating Member States, it forms the Single Resolution Mechanism.

The BCBS is an international committee formed to develop standards for banking regulation; as of 2019, it is made up of Central Banks and other banking regulatory authorities from 28 jurisdictions.

The BIS is  an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks”.

The FATF, also known by its French name, Groupe d’action financière, is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing.

The FSB is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum.

The GFXC was established in May 2017 as a forum bringing together central banks and private sector participants with the aim to promote a robust, fair, liquid, open, and appropriately transparent Foreign Exchange (FX) market in which a diverse set of participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available information and in a manner that conforms to acceptable standards of behaviour.

The OECD is an intergovernmental economic organisation with 36 member countries, founded in 1961 to stimulate economic progress and world trade.

OFAC is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy objectives.

The United Nations Security Council is one of the six principal organs of the United Nations, charged with ensuring international peace and security, accepting new members to the United Nations and approving any changes to its charte

The Wolfsberg Group is a non-governmental association of thirteen global banks. Its goal has been to develop financial industry standards for anti-money laundering (AML), know your customer (KYC) and counter terrorist financing (CTF) policies.

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