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Definition of

Financial Services Authority

Regulation & Compliance

UK organization overseeing financial system in the United Kingdom, an independent non-governmental organization formed in 1997 following reforms in the regulation of financial services. Banking and investment services supervision was merged into the remit of the previous regulator, the Securities and Investments Board, which then changed its name to become the Financial Services Authority. The FSA's four statutory objectives were specified by the Financial Services and Markets Act 2000: maintaining market confidence; increasing public knowledge of the finance system; ensuring appropriate protection for consumers; and reducing financial crime.

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Definitions of ’Financial Services Authority’ and meaning of ’Financial Services Authority’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Financial Services Authority’ and other financial terms with our online QFINANCE Financial Dictionary.

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