The Prudential Regulation Authority's Secondary Competition Objective

Posted: 30 Oct 2018

See all articles by Stephen Dickinson

Stephen Dickinson

Bank of England

David Humphry

Bank of England

Paolo Siciliani

UCL Faculty of Laws; Bank of England

Michael Straughan

Bank of England; Bank of England - Prudential Regulation Authority

Paul A. Grout

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

Multiple version iconThere are 2 versions of this paper

Date Written: 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 Grout, Paul A., The Prudential Regulation Authority's Secondary Competition Objective (2015). Bank of England Quarterly Bulletin 2015 Q4, Available at SSRN: https://ssrn.com/abstract=3261323

Stephen Dickinson

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 (Contact Author)

UCL Faculty of Laws ( email )

Bentham House
Endsleigh Gardens
London, WC1H 0EG
United Kingdom

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Michael Straughan

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Bank of England - Prudential Regulation Authority ( email )

20 Moorgate
London, EC2R 6DA
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

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
170
PlumX Metrics