Prudential Regulation Authority: Difference between revisions
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The PRA’s primary objectives include: | The PRA’s primary objectives include: | ||
*To promote the safety and soundness of these firms; and | |||
*Specifically for insurers, to contribute to the securing of an appropriate degree of protection for policyholders. | |||
| Line 29: | Line 29: | ||
* [[Building society]] | * [[Building society]] | ||
* [[CFTC]] | * [[CFTC]] | ||
* [[Competition & Markets Authority]] | |||
* [[Conduct]] | |||
* [[Credit union]] | * [[Credit union]] | ||
* [[Designated investment firm]] | * [[Designated investment firm]] | ||
* [[European Banking Authority]] | |||
* [[Federal Reserve]] | |||
* [[Financial Conduct Authority]] | * [[Financial Conduct Authority]] | ||
* [[Financial Services Authority]] | * [[Financial Services Authority]] | ||
| Line 39: | Line 43: | ||
* [[Prudential]] | * [[Prudential]] | ||
* [[Prudential Regulation Committee]] | * [[Prudential Regulation Committee]] | ||
* [[Regulation]] | |||
* [[Supervision]] | |||
* [[Twin Peaks]] | * [[Twin Peaks]] | ||
Latest revision as of 14:08, 26 March 2022
(PRA).
The UK body responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.
The PRA’s primary objectives include:
- To promote the safety and soundness of these firms; and
- Specifically for insurers, to contribute to the securing of an appropriate degree of protection for policyholders.
The PRA has a secondary objective of facilitating effective competition in the markets served by these firms.
The PRA's responsibilities in the UK were formerly undertaken by the Financial Services Authority (FSA).
The former FSA's other responsibilities were substantially transferred to the Financial Conduct Authority (FCA).
The PRA is part of the Bank of England.
See also
- Australian Financial Regulation
- Bank
- Bank of England
- Bank supervision
- Broker-dealer
- Building society
- CFTC
- Competition & Markets Authority
- Conduct
- Credit union
- Designated investment firm
- European Banking Authority
- Federal Reserve
- Financial Conduct Authority
- Financial Services Authority
- Financial stability
- Insurer
- Leverage
- Liquidity risk
- Prudential
- Prudential Regulation Committee
- Regulation
- Supervision
- Twin Peaks
