What is the Prudential Regulation Authority?
The What is the Prudential Regulation Authority? The Prudential... More, which is a subsidiary of the , is responsible for promoting the stable and prudent operation of the financial system through regulation of all deposit-taking institutions, insurers and .
The PRA focuses primarily on the stability of the UK financial system and the harm that can come to it from institutions and issues that pose the greatest risk.
As of 1 April 2013, the Prudential Regulation Authority, along with the, took the place of the , which previously regulated the entire financial industry in the UK.
The PRA differs from the Financial Conduct Authority in that the FCA is a separate institution that primarily oversees financial penalties, including preventing What are value stocks? A value company is a company that app... More abuse and ensuring that consumers get a fair deal from financial firms.