Compliance, Legislative & Regulatory Standards

Regulatory Environment - Part 10 (2020)


This eCourse consists of two modules on the UK’s financial authorities.

Module 1 looks at the two core duties of Bank of England (the central bank for the United Kingdom that has a wide range of responsibilities, similar to those of most central authorities worldwide) – executing monetary policy by setting Bank Rate and (if necessary) buying financial assets through the asset purchase facility, and protecting and enhancing the resilience of the UK financial system as a whole.

Module 2 focuses on the microprudential regulation and supervision of the UK financial services industry. We examine the two microprudential regulators in terms of who they manage, their statutory objectives and the means by which they meet those objectives.


On completion of this tutorial, you will be able to:
- Identify the role of the Bank of England in implementing monetary policy
- Recognise the importance of the Bank of England in maintaining financial stability
- Recognise why the UK Government established both the Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA)
- Identify the role played by the PRA in the supervision and regulation of deposit-taking institutions in the UK
- Identify the role played by the FCA in the supervision and regulation of those financial institutions not regulated by the PRA and understand its role as a customer champion


Module 1 - Financial Authorities (UK) - Bank of England
Topic 1: Monetary Stability
Topic 2: Financial Stability

Module 2 - Financial Authorities (UK) - PRA & FCA
Topic 1: UK Financial Regulation
Topic 2: Prudential Regulation Authority (PRA)
Topic 3: Financial Conduct Authority (FCA)


Relevant Subject
Regulatory Compliance
SFC:2.00, PWMA:2.00
All Member: HK$600
Non-Member: HK$900
Staff of Corporate Member: HK$600