Euro zone and Prudential Regulation Authority: Difference between pages

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imported>Doug Williamson
(Add reference within body of page to FCA.)
 
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The collective name for the 19 countries adopting European Monetary Union (EMU) in full.
The UK body responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.  
Sometimes written 'Eurozone', 'eurozone' or 'Euro-zone'.


More formally known as the 'euro area' and more informally as 'euroland'.


The PRA’s objectives are:


The 19 countries in the euro area are:
1. To promote the safety and soundness of these firms; and


Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
2. Specifically for insurers, to contribute to the securing of an appropriate degree of protection for policyholders.




The nine European Union (EU) countries which are not in the euro area are:
The PRA's responsibilities in the UK were formerly undertaken by the Financial Services Authority (FSA).
 
Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom (UK).
 
 
====Brexit====
A referendum in the UK in June 2016 resulted in a vote for the UK to begin the process of leaving the EU.  


The former FSA's other responsibilities were substantially transferred to the Financial Conduct Authority (FCA).


== See also ==
== See also ==
* [[Brexit]]
* [[Financial Services Authority]]
* [[Central bank]]
* [[Financial Conduct Authority]]
* [[Eurobond]]
* [[CFTC]]
* [[European Central Bank]]
* [[European Financial Stability Facility]]
* [[European Monetary Union]]
* [[European Union]]
* [[Grexit]]
 
[[Category:Long_term_funding]]

Revision as of 16:37, 11 April 2013

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


The PRA’s objectives are:

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'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).

See also

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