Download This PaperThe Prudential Regulation Authority's Secondary Competition Objective
10 Pages Posted: 18 Dec 2015
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The Prudential Regulation Authority's Secondary Competition Objective
Bank of England Quarterly Bulletin 2015 Q4
Number of pages: 10
Posted: 18 Dec 2015
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The Prudential Regulation Authority's Secondary Competition Objective
Bank of England Quarterly Bulletin 2015 Q4
Posted: 30 Oct 2018
Date Written: December 15, 2015
Abstract
The Prudential Regulation Authority’s (PRA’s) secondary competition objective requires the PRA to act, where possible, in a way that facilitates effective competition when making policies to advance its primary objectives of safety and soundness, and policyholder protection. This article explains the rationale for the objective, how the PRA interprets it, and what this means for the PRA’s regulation of banks and insurers.
Suggested Citation: Suggested Citation
Dickinson, Stephen and Humphry, David and Siciliani, Paolo and Straughan, Michael and Straughan, Michael and Grout, Paul A., The Prudential Regulation Authority's Secondary Competition Objective (December 15, 2015). Bank of England Quarterly Bulletin 2015 Q4, Available at SSRN: https://ssrn.com/abstract=2704847
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