Claim: The Financial Services Authority is the current primary regulatory authority in the UK of the London Platinum and Palladium Market, which was established with close assistance by the Bank of England in 1987, the central bank of the United Kingdom.
Evidence: Currently, the primary regulatory authority in the UK is the Financial Services Authority. On 5 May 1987, the London Platinum and Palladium Market was established with close assistance by the Bank of England, which was the regulator of the precious metals market at that time. The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based.