Principal and Prudential Regulation Authority: Difference between pages

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1. ''Agency - law.''
(PRA).


In agency law, an individual or other legal person represented by an agent.
The UK body responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.  




2.  ''Law - legal persons.''
The PRA’s primary objectives include:


In law, a legal person acting on their own behalf.  
#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.




3. ''Investment and borrowing.''
The PRA has a secondary objective of facilitating effective competition in the markets served by these firms.


The amount of an investment or a loan, excluding any interest.


When the whole of a loan is drawn down at the start, the principal is simply the amount originally borrowed.
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).


4.  ''Financial instruments - cashflows.''


The reference amount of a traded financial instrument, used to determine its future cashflows.
The PRA is part of the Bank of England.




5.  ''Importance - scale.''
== See also ==
* [[Australian Financial Regulation]]
* [[Bank]]
* [[Bank of England]]
* [[Bank supervision]]
* [[Broker-dealer]]
* [[Building society]]
* [[CFTC]]
* [[Credit union]]
* [[Designated investment firm]]
* [[Financial Conduct Authority]]
* [[Financial Services Authority]]
* [[Financial stability]]
* [[Insurer]]
* [[Leverage]]
* [[Liquidity risk]]
* [[Prudential]]
* [[Prudential Regulation Committee]]
* [[Twin Peaks]]


Most important, or largest.


 
== External link ==
The concepts of 'principal' above, should not be confused with ''[[principle]]'', which is different.
[https://www.bankofengland.co.uk/prudential-regulation Bank of England webpage: prudential regulation]
 
 
== See also ==
* [[Acceleration]]
* [[Agency]]
* [[Agent]]
* [[Annuity factor]]
* [[Arm’s length principle]]
* [[Contractor]]
* [[Coupon]]
* [[Coupon rate]]
* [[Default]]
* [[Dual currency bond]]
* [[Duration]]
* [[Endowment]]
* [[Employee]]
* [[Employer]]
* [[Foreign currency bond]]
* [[Forward forward contract]]
* [[Instalment]]
* [[Interest]]
* [[Life]]
* [[Maturity]]
* [[Mortgage]]
* [[Non-performing loan]]
* [[Notional principal]]
* [[Paying agent]]
* [[Point]]
* [[Principal employer]]
* [[Principal risk]]
* [[Principal value]]
* [[Principal write down]]
* [[Principle]]
* [[Security]]
* [[Self-financing loan]]
* [[Separate personality principle]]
* [[Terminal value]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Intercompany_funding]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Long_term_funding]]
[[Category:Cash_management]]
[[Category:Compliance_and_audit]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 14:55, 23 March 2020

(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:

  1. To promote the safety and soundness of these firms; and
  2. 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


External link

Bank of England webpage: prudential regulation