Within the UK's financial regulatory architecture, distinct roles are assigned to the Financial Policy Committee (FPC), the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA). Which of the following is a primary responsibility of the Financial Conduct Authority (FCA)?
Altering the Countercyclical Capital Buffer (CCyB) to regulate the aggregate supply of credit in the economy.
Imposing microprudential capital and liquidity requirements on individual deposit-takers and insurers to ensure their financial soundness.
Regulating the business conduct of financial services firms to ensure retail and wholesale markets function well and consumers are treated fairly.
Organizing and executing stress tests on the major retail banks to evaluate systemic vulnerabilities across the UK financial sector.
176 exam-style questions on AQA A Level Economics 2.4 Financial markets and monetary policy (A-level only), covering 2.4.1 The structure of financial markets and financial assets, 2.4.2 Commercial banks and investment banks, 2.4.3 Central banks and monetary policy, and 2.4.4 The regulation of the financial system. Each one has a worked solution and a mark scheme showing where the marks go.