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The Prudential Regulation Authority’s secondary competition objective

Author

Listed:
  • Dickinson, Stephen

    (Bank of England)

  • Humphry, David

    (Bank of England)

  • Siciliani, Paolo

    (Bank of England)

  • Straughan, Michael

    (Bank of England)

  • Grout, Paul

    (Bank of England)

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 & Humphry, David & Siciliani, Paolo & Straughan, Michael & Grout, Paul, 2015. "The Prudential Regulation Authority’s secondary competition objective," Bank of England Quarterly Bulletin, Bank of England, vol. 55(4), pages 334-343.
    • Handle: RePEc:boe:qbullt:0187
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    References listed on IDEAS

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    1. de-Ramon, Sebastian & Francis, William & Straughan, Michael, 2018. "Bank competition and stability in the United Kingdom," Bank of England working papers 748, Bank of England.
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