Definition, Meaning & Synonyms

fsa

Abbreviation

ˈɛfˌɛsˈeɪ

Definition

FSA stands for Financial Services Authority, which was a regulatory body in the United Kingdom responsible for overseeing financial firms and protecting consumers.

Examples

The FSA was established to create a safer financial environment for consumers.
Before the FSA was dissolved, it played a key role in regulating banks and insurance companies.

Meaning

An organization that regulates the financial services industry to ensure the stability and integrity of the financial system and to protect consumers against fraud and malpractice.