Under the Financial Services Act 2012 the Financial Conduct Authority is now responsible for supervising the conduct of financial services firms and for ensuring that relevant markets function well. In doing so it aims to protect consumers, protect and enhance the integrity of the UK financial system and promote effective competition in the interests of both retail and wholesale consumers. This lecture will set out how economic principles, including where appropriate those of behavioural economics, can be applied to consumer finance regulation.
The Beesley Lectures are a series of eight annual lectures covering regulated industries in the UK. The lectures are held in memory of Professor Michael Beesley, who was a leading architect of the British system of utility regulation and a Managing Trustee of the Institute of Economic Affairs. He founded the series in 1991 and organised them until his death in 1999.
The lectures are taking place every Thursday between 2nd October and 20th November this year, at the Institute of Directors. Evenings will begin at 6.30pm and delegates are encouraged to network over refreshments until 7pm, when the lecture will commence. Lectures will last for one hour, followed by a 20-minute response before handing over to the audience for extended discussion. The proceedings will end at 8.45pm with refreshments.
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The lectures are organised with the assistance of the Centre for Competition & Regulatory Policy, City University.
Sponsored by PwC.