Today, the Bank of England and FSA published a paper giving some further detail on the approach the Prudential Regulation Authority (PRA) will take to the supervision of banks and designated investment firms.
The paper is not strictly a consultation paper. However it is intended to facilitate public debate. It was presented and discussed today at a conference for CEOs and senior managers of firms that will come under the PRA's supervisory control. Subsequent papers on the PRA's supervisory approach to insurance companies, the Financial Conduct Authority (FCA)'s regulatory approach, and how the PRA and FCA will coordinate their activities are also due to be published soon.
This briefing summarises the key issues and aspects of this paper.
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Next steps Spring
Summer
October / November
Mid 2012
By early 2013
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Key contacts
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