The Prudential Regulation Authority

9 Pages Posted: 5 Jan 2013

See all articles by Andrew John Bailey

Andrew John Bailey

Bank of England; Bank of England - Prudential Regulation Authority

Sarah Breeden

Bank of England

Gregory Stevens

Bank of England

Date Written: December 12, 2012

Abstract

The Prudential Regulation Authority (PRA), as part of the Bank of England, will become the United Kingdom’s prudential regulator for banks, building societies and credit unions (collectively deposit-takers), insurers and major investment firms in 2013. This is part of a wider reform of the UK regulatory framework, which will also see the creation of a Financial Policy Committee within the Bank, and a new conduct regulator, the Financial Conduct Authority. This article provides a brief description of the PRA’s role and its intended supervisory approach. It summarises some of the key themes of the two more detailed documents about the PRA’s intended approach that were published jointly by the Bank and the Financial Services Authority in October 2012.

Suggested Citation

Bailey, Andrew John and Breeden, Sarah and Stevens, Gregory, The Prudential Regulation Authority (December 12, 2012). Bank of England Quarterly Bulletin 2012 Q4, Available at SSRN: https://ssrn.com/abstract=2195960

Andrew John Bailey (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Bank of England - Prudential Regulation Authority

20 Moorgate
London, EC2R 6DA
United Kingdom

Sarah Breeden

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Gregory Stevens

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

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