Prudential Regulation Authority
E19441
The Prudential Regulation Authority is the United Kingdom’s financial regulator responsible for overseeing the safety and soundness of banks, insurers, and major investment firms.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Prudential Regulation Authority canonical | 31 |
| UK Prudential Regulation Authority | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
financial regulatory authority
ⓘ
prudential regulator ⓘ |
| cooperatesWith | Financial Conduct Authority ⓘ |
| coRegulatorWith | Financial Conduct Authority ⓘ |
| country | United Kingdom ⓘ |
| establishedAs | subsidiary of the Bank of England ⓘ |
| followsStandards |
Basel Committee on Banking Supervision
ⓘ
surface form:
Basel Committee on Banking Supervision standards
International Association of Insurance Supervisors standards ⓘ |
| goal |
ensure firms have adequate capital
ⓘ
ensure firms have adequate liquidity ⓘ minimise adverse effects of firm failure on the financial system ⓘ |
| headquartersCountry | United Kingdom ⓘ |
| headquartersLocation |
London, England
ⓘ
surface form:
London
|
| issues |
policy statements
ⓘ
prudential rules ⓘ supervisory statements ⓘ |
| jurisdiction | United Kingdom ⓘ |
| legalBasis |
Bank of England Act 1998
ⓘ
surface form:
Bank of England Act 1998 (as amended)
Financial Services Act 2012 ⓘ |
| monitors |
capital adequacy of regulated firms
ⓘ
governance and risk management of regulated firms ⓘ liquidity positions of regulated firms ⓘ |
| parentOrganization | Bank of England ⓘ |
| partOf | Bank of England ⓘ |
| precededBy |
Financial Conduct Authority
ⓘ
surface form:
Financial Services Authority
|
| regulates |
banks
ⓘ
building societies ⓘ credit unions ⓘ insurers ⓘ major investment firms ⓘ |
| regulatoryFocus | safety and soundness of firms ⓘ |
| regulatoryObjective |
contribute to the stability of the UK financial system
ⓘ
promote the safety and soundness of regulated firms ⓘ |
| responsibility |
prudential regulation of deposit-takers
ⓘ
prudential regulation of insurers ⓘ prudential regulation of significant investment firms ⓘ |
| restructuredAs | integrated part of the Bank of England ⓘ |
| sector | financial regulation ⓘ |
| supervises | systemically important financial institutions in the UK ⓘ |
| supervisoryApproach |
judgement-based supervision
ⓘ
risk-based supervision ⓘ |
| typeOfRegulation | microprudential regulation ⓘ |
| usesFramework |
Pillar 1 capital requirements
ⓘ
Pillar 2 capital requirements ⓘ Solvency II for insurers ⓘ |
| worksWith |
HM Treasury
ⓘ
international standard-setting bodies ⓘ |
Referenced by (32)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Financial Conduct Authority
Financial Services and Markets Act 2000 (as amended)
→
currentPrimaryRegulatorUnderAct
→
Prudential Regulation Authority
ⓘ
subject surface form:
Financial Services and Markets Act 2000
Financial Services and Markets Act 2000 (as amended)
→
enforcedBy
→
Prudential Regulation Authority
ⓘ
subject surface form:
Financial Services and Markets Act 2000
subject surface form:
Halifax
this entity surface form:
UK Prudential Regulation Authority