👉 The Crown Project is a comprehensive initiative aimed at transforming the UK's financial regulatory landscape by creating a more resilient, efficient, and globally competitive financial system. Launched in 2017 by the Bank of England, it focuses on enhancing supervisory and regulatory frameworks, fostering innovation, and ensuring financial stability. Key components include the creation of the Financial Policy Committee (FPC) to oversee macroprudential policies, the establishment of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to improve regulatory oversight, and the development of a robust framework for fintech and digital finance. The project also emphasizes international cooperation to align UK regulations with global standards, aiming to attract and retain financial institutions while safeguarding the economy.
