imported>Doug Williamson |
imported>Doug Williamson |
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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.
| | (BEIS). |
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| The PRA is part of the Bank of England. | | The UK government Department for Business, Energy and Industrial Strategy. |
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| | | It was formed in 2016 by the merger of the formerly separate: |
| In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
| | :(i) Department for Business, Innovation & Skills (BIS) and |
| | | :(ii) Department of Energy and Climate Change (DECC). |
| 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.
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| The ECB is responsible for:
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| *Supervisory reviews
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| *On-site inspections and investigations
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| *Granting and withdrawing banking licences
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| *Assessing bank acquisitions
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| *Ensuring compliance with European Union prudential rules
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| *If required, setting higher capital requirements to counter financial risks.
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| In the United States, bank supervision is undertaken by the Federal Reserve System, in Australia by the Australian Prudential Regulation Authority (APRA).
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| == See also == | | == See also == |
| * [[Australian Financial Regulation]] | | * [[Bank for International Settlements]] |
| * [[Bank of England]]
| | * [[Chartered Institute for Credit Management]] |
| * [[Basel III]]
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| * [[Capital adequacy]]
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| * [[Contingent capital]]
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| * [[European Banking Authority]]
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| * [[European Central Bank]]
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| * [[Euro zone]] | |
| * [[Federal Reserve System]]
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| * [[Financial Conduct Authority]]
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| * [[Financial Services Authority]]
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| * [[Financial Services Committee]]
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| * [[Financial stability]]
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| * [[Fully loaded]]
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| * [[Home supervisor]]
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| * [[Host supervisor]]
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| * [[LCR]]
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| * [[NSFR]]
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| * [[Pillar 1]]
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| * [[Pillar 2]]
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| * [[Pillar 3]]
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| * [[Prudential Regulation Authority]]
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| * [[Resolution Authority]]
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| * [[Risk Benchmark]]
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| * [[Supervisory college]]
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| * [[Total Loss Absorbing Capacity]]
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| * [[Twin Peaks]]
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| * [[Window-dressing]]
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| [[Category:Long_term_funding]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:Compliance_and_audit]] | | [[Category:The_business_context]] |
| | [[Category:Financial_products_and_markets]] |
