Prudential Regulation Authority and Queuing: Difference between pages

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(PRA).
A risk management arrangement whereby transfer orders are held pending by the originator/deliverer or by the system until sufficient cover is available on the originator’s/deliverer’s clearing account or under the limits set against the payor. In some cases, cover may include unused credit lines or available collateral.


The UK body responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.
== See also ==
 
* [[Caps]]
 
* [[Gridlock]]
The PRA’s objectives are:
 
#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'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 ==
* [[Bank supervision]]
* [[Financial Services Authority]]
* [[Financial stability]]
* [[Financial Conduct Authority]]
* [[CFTC]]
* [[Leverage]]

Revision as of 14:20, 23 October 2012

A risk management arrangement whereby transfer orders are held pending by the originator/deliverer or by the system until sufficient cover is available on the originator’s/deliverer’s clearing account or under the limits set against the payor. In some cases, cover may include unused credit lines or available collateral.

See also


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