This video essentially covers the regulatory framework in the EU and the UK. In the EU, three legislative bodies are responsible for creating legislation, and three ESAs, each with their own remit are responsible for ensuring regulatory compliance. Similarly in the UK, policy is created by the HM Treasury, and the FCA and PRA are responsible for regulatory compliance.
Key learning objectives:
What are the four principal regulating bodies, and what are their roles?
What is the role of ESMA, EBA and EIOPA?
What is the role of the HM Treasury in the UK?
In the UK, who are the two key financial services regulators, and what are their roles?