Bank supervision and Corporate social responsibility: 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.  
(CSR).


The PRA is part of the Bank of England.
''Corporate governance''.  


A form of corporate self-regulation integrated into a business model.


In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation  monitors and ensures its adherence to law, ethical standards, and international norms.  


The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. The ECB directly supervises the 120 'most significant' banks within each Euro zone member state.  
The organisation embraces responsibility for the impact of its activities on the environment, consumers, employees, communities, other stakeholders and all other members of the public sphere. The organisation also proactively promotes the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere.  


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.


All this means both:
#Adherence to existing laws and
#Acting in a way that is significantly better than the minimum standards required by law.


In the United States, bank supervision is undertaken by the Federal Reserve System.


== See also ==
* [[Corporate governance]]
* [[ESG investment]]
* [[Ethics]]
* [[Greenwash]]
* [[Public interest]]
* [[SRI]]
* [[Stakeholder]]
* [[Sustainability]]
* [[Profit maximisation]]


== See also ==
[[Category:Corporate_finance]]
* [[Bank of England]]
* [[Capital adequacy]]
* [[Contingent capital]]
* [[European Central Bank]]
* [[Euro zone]]
* [[Federal Reserve System]]
* [[Financial Services Authority]]
* [[Financial Conduct Authority]]
* [[CFTC]]
* [[Prudential Regulation Authority]]

Revision as of 15:39, 21 June 2016

(CSR).

Corporate governance.

A form of corporate self-regulation integrated into a business model.

Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation monitors and ensures its adherence to law, ethical standards, and international norms.

The organisation embraces responsibility for the impact of its activities on the environment, consumers, employees, communities, other stakeholders and all other members of the public sphere. The organisation also proactively promotes the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere.


All this means both:

  1. Adherence to existing laws and
  2. Acting in a way that is significantly better than the minimum standards required by law.


See also