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Three Major Things UK Financial Institutions have to Report

Three Major Things UK Financial Institutions have to Report

The United Kingdom has two main regulators, which are the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA). They are responsible for the soundness of the UK financial system, especially the banking sector, which is one of the largest contributors to UK GDP.  The Financial Services and Markets Act gives these organizations the right to police institutions and ensure they do not pose a risk to the financial system. 

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