Prudential Regulation Authority

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Prudential Regulation Authority
Prudential Regulation Authority.png
Founded 2013
Headquarters London, U.K.
Products Financial Regulation
Web site PRA website

The Prudential Regulatory Authority (PRA) was created in 2013 as one of the successor organizations of the FSA.

History[edit]

The Prudential Regulatory Authority was created when the Financial Services Act of 2012 replaced the FSA with two new organizations, the other being the FCA. The PRA is a part of the Bank of England.

Objectives[edit]

The PRA objectives are:

  • Promote safety and soundness of individual firms
  • Protect insurance policy holders
  • "facilitate effective competition"<ref>About the Prudential Regulation Authority. Bank of England. Retrieved on May 4th, 2015.</ref>

External links[edit]

Bank of England, PRA <references>

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