What is one of the roles of the FCA in the context of financial regulation?

The role of the Financial Conduct Authority (FCA) in the context of financial regulation centers significantly on protecting consumers and maintaining market integrity. The FCA is tasked with ensuring that financial markets function effectively and transparently, which helps to foster trust among consumers and stakeholders.

Protecting consumers involves ensuring that financial services are provided in a fair and transparent manner, enabling consumers to make informed decisions and receive appropriate products suited to their needs. This includes overseeing the conduct of financial firms, imposing regulations to safeguard against unethical practices, and taking action against those who fail to adhere to these standards.

Maintaining market integrity is equally crucial; the FCA works to ensure that the markets operate in a fair and orderly way. This includes promoting competition, preventing fraud, and safeguarding the overall stability of the financial system. By doing so, the FCA contributes to a healthy financial environment that benefits both consumers and businesses.

The other roles described, such as issuing currency or providing insurance, fall outside the FCA's mandate, which is specifically not involved in direct financial services provision or public sector investment management.