Legislative power is vested in the two chambers of the Parliament of the United Kingdom, the House of Commons and the House of Lords, as well as in the Scottish parliament and Welsh and Northern Ireland assemblies. The judiciary is independent of the executive and the legislature. The highest national court is the Supreme Court of the United Kingdom.
Major industries - banking and finance, steel, transport equipment, oil and gas, tourism, machine tools, electric equipment, automation equipment, railroad equipment, shipbuilding, aircraft, motor vehicles and parts, electronics and communications equipment, metals, chemicals, coal, petroleum, paper and paper products, food processing, textiles, clothing, and other consumer goods.
Banks (2010) - 327 banks; 10,400 branches; 427,000 employees; assets – EUR 8,844 trillion; loans – EUR 3,557 trillion; deposits – EUR4,563 trillion.
Banking regulations - The FSA is the banking regulator in the United Kingdom and currently undertakes prudential supervision of banks and also regulates their conduct of business. The authority of the FSA stems from the Financial Services and Markets Act 2000 (as amended) (the FSmA).