Regulation of the Financial System (AQA A-Level Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is the primary aim of financial regulation?
What is the primary aim of financial regulation?
Protect system stability & consumers
Which three bodies regulate UK financial services from April 2013?
Which three bodies regulate UK financial services from April 2013?
FPC, PRA, FCA
What is the FPC's primary objective?
What is the FPC's primary objective?
Reduce systemic risks to financial system
What type of regulation does the PRA conduct?
What type of regulation does the PRA conduct?
Microprudential regulation
Which is NOT an aim of the FCA?
Which is NOT an aim of the FCA?
Set capital ratios for banks
What is moral hazard in banking?
What is moral hazard in banking?
Taking excess risk expecting bailouts
What does liquidity measure in banking?
What does liquidity measure in banking?
Ability to convert assets to cash
When was the Basel III agreement signed?
When was the Basel III agreement signed?
2010 and 2011
When did BNP Paribas trigger the credit crunch by freezing withdrawals?
When did BNP Paribas trigger the credit crunch by freezing withdrawals?
9 August 2007
What is systemic risk?
What is systemic risk?
Risk of entire financial system collapse