The Prudential Regulation Authority's Secondary Competition Objective

10 Pages Posted: 18 Dec 2015

See all articles by Stephen Dickinson

Stephen Dickinson

Bank of England

David Humphry

Bank of England

Paolo Siciliani

Bank of England

Michael Straughan

Bank of England - Prudential Regulation Authority; Bank of England

Paul A. Grout

University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO)

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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

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

Stephen Dickinson (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

David Humphry

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Paolo Siciliani

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Michael Straughan

Bank of England - Prudential Regulation Authority ( email )

20 Moorgate
London, EC2R 6DA
United Kingdom

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Paul A. Grout

University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) ( email )

Mary Paley Building
12 Priory Road Department of Economics
Bristol BS8 1TN
United Kingdom

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