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| (PRA).
| | A process of analysing possible future events by considering a number of different potential outcomes. |
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| The UK body responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. | | The different scenarios under analysis can involve changing more than one input simultaneously. |
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| The PRA’s primary objectives include:
| | == See also == |
| | | * [[Back test]] |
| #To promote the safety and soundness of these firms; and
| | * [[Model]] |
| #Specifically for insurers, to contribute to the securing of an appropriate degree of protection for policyholders.
| | * [[Sensitivity analysis]] |
| | | * [[Stress test]] |
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| The PRA has a secondary objective of facilitating effective competition in the markets served by these firms.
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| | | [[Category:Corporate_financial_management]] |
| The PRA's responsibilities in the UK were formerly undertaken by the Financial Services Authority (FSA).
| | [[Category:Financial_risk_management]] |
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| The former FSA's other responsibilities were substantially transferred to the Financial Conduct Authority (FCA).
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| The PRA is part of the Bank of England.
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| == See also ==
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| * [[Australian Financial Regulation]]
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| * [[Bank]]
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| * [[Bank of England]]
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| * [[Bank supervision]]
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| * [[Broker-dealer]]
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| * [[Building society]]
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| * [[CFTC]]
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| * [[Credit union]]
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| * [[Designated investment firm]]
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| * [[Financial Conduct Authority]]
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| * [[Financial Services Authority]]
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| * [[Financial stability]]
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| * [[Insurer]]
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| * [[Leverage]]
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| * [[Liquidity risk]]
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| * [[Prudential]]
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| * [[Twin Peaks]]
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Revision as of 14:07, 17 May 2017
A process of analysing possible future events by considering a number of different potential outcomes.
The different scenarios under analysis can involve changing more than one input simultaneously.
See also
