The Prudential Regulatory Authority (PRA) of the UK is a department of the Bank of England
Observations
Feb 02, 2023The British government is reportedly under pressure from banks to relax core parts of the Senior Managers and Certification Regime (SMCR) — post-Financial Crisis regulation designed to hold senior officials accountable for misconduct on their watch.
Compendium
May 04, 2020With the UK set to leave the European Union, 2020 was always going to be a turbulent year. More than a thousand banks, asset managers, other financial firms were expected to open UK offices following Brexit. At the same time, an estimated 7,000 jobs were also expected to be relocated to financial hubs abroad. But that was before the COVID-19 crisis put banks at the fore in policy responses to the ensuing economic fallout. ...cont
