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The Prudential Regulation Authority

Author

Listed:
  • Andrew Bailey

    (Bank of England)

  • Sarah Breeden

    (Bank of England)

  • Gregory Stevens

    (Bank of England)

Abstract

The Prudential Regulation Authority (PRA), as part of the Bank of England, will become the United Kingdom’s prudential regulator for banks, building societies and credit unions (collectively deposit-takers), insurers and major investment firms in 2013. This is part of a wider reform of the UK regulatory framework, which will also see the creation of a Financial Policy Committee within the Bank, and a new conduct regulator, the Financial Conduct Authority. This article provides a brief description of the PRA’s role and its intended supervisory approach. It summarises some of the key themes of the two more detailed documents about the PRA’s intended approach that were published jointly by the Bank and the Financial Services Authority in October 2012.

Suggested Citation

  • Andrew Bailey & Sarah Breeden & Gregory Stevens, 2012. "The Prudential Regulation Authority," Bank of England Quarterly Bulletin, Bank of England, vol. 52(4), pages 354-362.
    • Handle: RePEc:boe:qbullt:0092
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    References listed on IDEAS

    as
    1. Acharya, Viral V. & Yorulmazer, Tanju, 2007. "Too many to fail--An analysis of time-inconsistency in bank closure policies," Journal of Financial Intermediation, Elsevier, vol. 16(1), pages 1-31, January.
    2. David Aikman & Andrew G. Haldane & Benjamin D. Nelson, 2015. "Curbing the Credit Cycle," Economic Journal, Royal Economic Society, vol. 125(585), pages 1072-1109, June.
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    Cited by:

    1. Tamarah Shakir & Matthew Tong, 2014. "The interaction of the FPC and the MPC," Bank of England Quarterly Bulletin, Bank of England, vol. 54(4), pages 396-408.
    2. Paul Tucker & Simon Hall & Aashish Pattani, 2013. "Macroprudential policy at the Bank of England," Bank of England Quarterly Bulletin, Bank of England, vol. 53(3), pages 192-200.
    3. John Breckenridge & James Farquharson & Ruth Hendon, 2014. "The role of business model analysis in the supervision of insurers," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 49-57.
    4. Marc Farag & Damian Harland & Dan Nixon, 2013. "Bank capital and liquidity," Bank of England Quarterly Bulletin, Bank of England, vol. 53(3), pages 201-215.
    5. Stefan Claus & Massimo Stella, 2022. "Natural Language Processing and Cognitive Networks Identify UK Insurers’ Trends in Investor Day Transcripts," Future Internet, MDPI, vol. 14(10), pages 1-18, October.
    6. Andrew Gracie & Lucy Chennells & Mark Menary, 2014. "The Bank of England’s approach to resolving failed institutions," Bank of England Quarterly Bulletin, Bank of England, vol. 54(4), pages 409-418.
    7. Stephen Dickinson & David Humphry & Paolo Siciliani & Michael Straughan & Paul Grout, 2015. "The Prudential Regulation Authority’s secondary competition objective," Bank of England Quarterly Bulletin, Bank of England, vol. 55(4), pages 334-343.
    8. Simon Debbage & Stephen Dickinson, 2013. "The rationale for the prudential regulation and supervision of insurers," Bank of England Quarterly Bulletin, Bank of England, vol. 53(3), pages 216-222.
    9. Fabrizio Cadamagnani & Rashmi Harimohan & Kumar Tangri, 2015. "A bank within a bank: how a commercial bank’s treasury function affects the interest rates set for loans and deposits," Bank of England Quarterly Bulletin, Bank of England, vol. 55(2), pages 153-164.
    10. Alice Alphandary, 2014. "Risk managing loan collateral at the Bank of England," Bank of England Quarterly Bulletin, Bank of England, vol. 54(2), pages 190-201.
    11. Emily Beau & John Hill & Tanveer Hussain & Dan Nixon, 2014. "Bank funding costs: what are they, what determines them and why do they matter?," Bank of England Quarterly Bulletin, Bank of England, vol. 54(4), pages 370-384.
    12. Rashmi Harimohan & Benjamin Nelson, 2014. "How might macroprudential capital policy affect credit conditions?," Bank of England Quarterly Bulletin, Bank of England, vol. 54(3), pages 287-303.

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