Prudential Regulation Authority: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Update links.) |
imported>Doug Williamson m (Categorise.) |
||
| Line 39: | Line 39: | ||
* [[Prudential]] | * [[Prudential]] | ||
* [[Twin Peaks]] | * [[Twin Peaks]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Compliance_and_audit]] | |||
Revision as of 11:57, 22 February 2018
(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.
