The UK’s banking and finance sector is tightly regulated by bodies like the Financial Conduct Authority and the Prudential Regulation Authority. Key legislations include the Financial Services and Markets Act 2000 and the Banking Act 2009. With Brexit, the UK faces new regulatory challenges and opportunities, enhancing its appeal as a global finance hub. The nation remains a leader in fintech, supported by initiatives like the FCA’s regulatory sandbox, encouraging innovation in digital payments and blockchain technologies.
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