0Like Report Issue 21 Views 0 Tags FAQ

  Disclaimer

  • All information provided in this page or downloadable document is for reference or idea exchange ONLY.
  • This page information or downloadable document does not provide any professional advice.
  • Please consult with your legal, financial, or other professional advisors before taking any action based on this information.
  • Reference information contains AI-assisted data. Please note that inaccuracies may occur.
  • We recommend verifying the information before use and reporting any issues via the "Report Issue" function on this page.
  • The GRC Library does not include copyrighted materials such as ISO, CIS, NIST, etc. For access to these documents, please visit the respective official websites.

Prudential Regulation Authority (Authority)

Name: Prudential Regulation Authority

Description:

The Prudential Regulation Authority (PRA) is a regulatory body in the United Kingdom tasked with the prudential regulation of banks, building societies, credit unions, insurers, and investment firms. Established in 2013 following the recommendations of the Vickers Report, the PRA operates as part of the Bank of England, its operations being independent from the Bank's monetary policy functions.

Location: United Kingdom

Key Documents:

Banking Act 2009

Legislation that provides the framework for the regulation of banks and the financial services sector, establishing the powers of the PRA.

Financial Services and Markets Act 2000

An act that sets out the framework for financial services regulation in the UK, including the establishment of the Financial Conduct Authority (FCA) and the PRA.

Insurance Act 2015

A key piece of legislation that governs insurance contracts and aims to improve the legal framework for both insurers and policyholders.



Updated: 2024-07-23 13:37:07
Created: 2023-09-22 17:47:59

This information is for GRC Library Premium members.
Please login and subscribe for the access.
GRC Library © 2025 (Powered by AI Technologies)