As the UK negotiates its exit from the EU, it’s hard not to notice how the moira Financial Industry Regulatory Authority (FRA) is being used as a convenient sounding board.
This is an organisation that has been a key part of the UK’s negotiation of its exit, and its financial regulatory authority has become an important part of its regulatory structure in a way that few other UK financial institutions have been.
For years, it has had the power to create and impose new financial services regulations that will be enforced by FRA.
And the ffa intermediary and broker sector has been increasingly active in shaping those new regulations, pushing them to make financial products and services easier to sell, and making money.
The ffa regulator is also the UKs largest financial services body.
So it’s no surprise that the UK has been very interested in what is happening in the fina, and what it can do to improve the way financial services are sold in the UK.
“This is a very different regulator from what you might expect,” says Richard Whitehead, director of the London office of FFA.
“It’s much more focused on the customer.”
FFA’s role in the financial services industry is not all about regulatory oversight.
It has also been at the heart of an ongoing battle over how the UK will leave the EU.
The Government wants the UK to stay in the single market and customs union, and it has been working to create a new regulatory framework for the financial sector that will allow it to continue trading freely between the UK and the EU – and to continue using its existing regulatory framework.
This regulatory framework, called the ‘common position’ framework, will include a number of new rules and rules that will enable the financial industry to continue to operate in the EU as it currently does, in the same way as it has since it joined the bloc.
The UK has already created rules to allow banks to operate across the EU’s border and have access to European market access, as well as rules for companies that use financial technology and the financial system.
But it has yet to set out any clear, detailed plans to ensure that financial services firms can continue to trade freely between EU member states.
For the past six months, the UK Government has been lobbying the EU to set up a new body to oversee the fensals regulatory framework in the case that Britain decides to leave the bloc, and to take on responsibility for ensuring that fina services can continue working in the new world.
FFA has been an important voice in that process, and for years it has played a central role in shaping the UK government’s Brexit negotiating position.
“The ffa is a fantastic regulator,” says Whitehead.
And it’s a real challenge to get it right, because fina is a huge organisation with a lot to do.” “
If we are to leave, we need to do more.
And it’s a real challenge to get it right, because fina is a huge organisation with a lot to do.”
What are fina’s objectives?
The fina was established by the European Commission in 2012 to make it easier for the UK market to trade with the EU and help it to keep its own trading arrangements with the bloc and the rest of the world.
But the regulator has also had to play a central part in ensuring that the market remains open and that the EU can continue trading with the UK – and that it has a successful relationship with the rest the world’s financial markets.
As part of that, it is also responsible for setting and enforcing EU regulations that are important to the financial markets – including setting and implementing the rules governing cross-border payments and cross-national investment and finance.
In the past, the fena has had a very tough time negotiating new trade deals.
As a result, the regulator is not a perfect regulator.
But Whitehead believes that it is a good regulator that can do a lot more to ensure the UK is able to maintain and grow its trading relationship with Europe.
In particular, he believes the regulator can do more to make sure that the rules that apply to the UK are not set in stone and that there are some flexibility in the way those rules are enforced.
The new fina regulatory framework is the result of a lengthy negotiation between the EU Commission and the UK over how it should work for the future of cross-market trade.
“That process has involved a lot,” says FFA head of regulatory affairs, Peter Hain.
And this is a framework that we are very happy with, so we are not going to be changing it any time soon.” “
As far as the regulatory framework goes, the EU is working towards a very clear set of regulations for the sector.
And this is a framework that we are very happy with, so we are not going to be changing it any time soon.”
What does the fifa