Bank supervision and Group relief: Difference between pages

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In the UK, the Prudential Regulation Authority (PRA) is the body responsible for the prudential regulation and supervision of banks and similar financial firms.  
''UK Corporation tax.''


The PRA is part of the Bank of England.
A system of UK tax whereby a member of a group of companies may, in defined circumstances, pass a trading loss to another group company, enabling it to set the loss against its own trading profit, thereby reducing the amount of corporation tax payable by the group as a whole.
 
 
In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
 
The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. The ECB directly supervises the 'most significant' banks within each Euro zone member state, with the national supervisory authority directly supervising the other (less significant) banks within its jurisdiction.
 
The ECB is responsible for:
*Supervisory reviews
*On-site inspections and investigations
*Granting and withdrawing banking licences
*Assessing bank acquisitions
*Ensuring compliance with European Union prudential rules
*If required, setting higher capital requirements to counter financial risks.
 
 
In the United States, bank supervision is undertaken by the Federal Reserve System, in Australia by the Australian Prudential Regulation Authority (APRA).




== See also ==
== See also ==
* [[Australian Financial Regulation]]
* [[Claimant company]]
* [[Bank of England]]
* [[Consortium relief]]
* [[Basel III]]
* [[Group]]
* [[Capital adequacy]]
* [[Group payment arrangements]]
* [[Contingent capital]]
* [[Surrendering company]]
* [[European Banking Authority]]
* [[Tax relief]]
* [[European Central Bank]]
* [[Euro zone]]
* [[Federal Reserve System]]
* [[Financial Conduct Authority]]
* [[Financial Services Authority]]
* [[Financial Services Committee]]
* [[Financial stability]]
* [[Fully loaded]]
* [[Home supervisor]]
* [[Host supervisor]]
* [[LCR]]
* [[NSFR]]
* [[Pillar 1]]
* [[Pillar 2]]
* [[Pillar 3]]
* [[Prudential Regulation Authority]]
* [[Resolution Authority]]
* [[Supervisory college]]
* [[Total Loss Absorbing Capacity]]
* [[Twin Peaks]]


[[Category:Long_term_funding]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Latest revision as of 16:28, 4 July 2022

UK Corporation tax.

A system of UK tax whereby a member of a group of companies may, in defined circumstances, pass a trading loss to another group company, enabling it to set the loss against its own trading profit, thereby reducing the amount of corporation tax payable by the group as a whole.


See also