The Bank of England (in its guise as the Prudential Regulation Authority) has published an document setting out its approach to banking supervision.
“Next year, the Prudential Regulation Authority (PRA) will take up its responsibilities as part of the new approach to financial regulation in the United Kingdom. The PRA, which will be responsible for the prudential regulation of deposit-takers, insurers and major investment firms, will be part of the Bank of England and will make an important contribution to the Bank’s core purpose of maintaining financial stability in the United Kingdom.
This document sets out the PRA’s intended approach towards regulating deposit-takers and investment firms. A companion document covers insurers.”
PRA approach document to banking supervision here (dated October 2012)
PRA approach document to insurance supervision here (dated October 2012).
