Prudential Regulation Authority and Prudential Regulation Committee: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Create page. Source: Bank of England webpage https://www.bankofengland.co.uk/-/media/boe/files/about/prc/prctermsofreference.pdf?la=en&hash=96BBD4ACB71963CC6EC8507877F8F6CF9A8335AB)
 
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(PRA).
''UK - Bank of England''.


The UK body responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.  
(PRC).


The PRC has responsibility within the Bank of England for exercising the Bank's functions as the UK's Prudential Regulation Authority (PRA).


The PRA’s primary objectives include:
The PRC's non-delegable responsibilities include the PRA's high level strategy and policy making functions.
 
*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.




== See also ==
== See also ==
* [[Australian Financial Regulation]]
* [[Bank]]
* [[Bank of England]]
* [[Bank of England]]
* [[Bank supervision]]
* [[Broker-dealer]]
* [[Building society]]
* [[CFTC]]
* [[Competition & Markets Authority]]
* [[Conduct]]
* [[Credit union]]
* [[Designated investment firm]]
* [[European Banking Authority]]
* [[Federal Reserve]]
* [[Financial Conduct Authority]]
* [[Financial Conduct Authority]]
* [[Financial Services Authority]]
* [[Financial stability]]
* [[Financial stability]]
* [[Insurer]]
* [[Inflation]]
* [[Leverage]]
* [[Monetary Policy Committee]]
* [[Liquidity risk]]
* [[Prudential Regulation Authority]]
* [[Prudential]]
* [[Prudential Regulation Committee]]
* [[Regulation]]
* [[Supervision]]
* [[Twin Peaks]]
 
 
== External link ==
[https://www.bankofengland.co.uk/prudential-regulation Bank of England webpage: prudential regulation]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Long_term_funding]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Financial_products_and_markets]]

Revision as of 14:54, 23 March 2020

UK - Bank of England.

(PRC).

The PRC has responsibility within the Bank of England for exercising the Bank's functions as the UK's Prudential Regulation Authority (PRA).

The PRC's non-delegable responsibilities include the PRA's high level strategy and policy making functions.


See also