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The House of Commons Treasury Committee hear from Prudential Regulation Authority
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UKParliament
Posts: 749 Organisation Representative
Today, the Treasury Committee heard from the Prudential Regulation Authority's (PRA) governor and board members on the PRA's work and progress.
The Treasury Committee holds oral evidence hearings with the PRA approximately every six months as part of the Committee's remit to scrutinise their work.
Today, the Committee heard from:
Watch the session on Parliament TV.
Who are the PRA?
The PRA was created by the Financial Services Act (2012) and is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. The PRA has three statutory objectives: promoting the safety and soundness of the firms it regulates; contributing to the securing of an appropriate degree of protection for those who are or may become insurance policyholders; and facilitating effective competition.
Find out more on the Bank of England’s website.
The Treasury Committee holds oral evidence hearings with the PRA approximately every six months as part of the Committee's remit to scrutinise their work.
Today, the Committee heard from:
- Andrew Bailey, Deputy Governor for Prudential Regulation and Chief Executive Officer
- David Belsham, Prudential Regulation Authority Board
- Mark Yallop, Prudential Regulation Authority Board
Watch the session on Parliament TV.
Who are the PRA?
The PRA was created by the Financial Services Act (2012) and is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. The PRA has three statutory objectives: promoting the safety and soundness of the firms it regulates; contributing to the securing of an appropriate degree of protection for those who are or may become insurance policyholders; and facilitating effective competition.
Find out more on the Bank of England’s website.
Official Organisation Representative
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE
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