Prudential Regulatory Authority
Prudential Regulatory Authority
Under the planned revamp of UK financial regulation, the Prudential Regulatory Authority would be a subsidiary of the Bank of England and be responsible for most day-to-day supervision of banks, insurers and brokers for safety and soundness. Its chief executive would be a deputy governor of the Bank of England.
The Bank of England will ultimately oversee this so-called micro-prudential supervision. [1]
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Q&A: Bank given clear responsibility for financial stability