#364 Prudential Regulation Authority (PRA)

The Prudential Regulation Authority (PRA) is a regulatory body in the United Kingdom responsible for overseeing and regulating financial institutions to ensure their stability and soundness. It operates as a subsidiary of the Bank of England and was established as part of the post-financial crisis reforms following the 2008 global financial crisis.

The PRA's primary objective is to promote the safety and soundness of banks, insurers, and major investment firms. It achieves this by setting and enforcing prudential standards, conducting risk assessments, and supervising the activities of these institutions.

https://antharas.co.uk/

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