Prudential Regulation Authority (United Kingdom)
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Prudential Regulation Authority (United Kingdom)
The Prudential Regulation Authority (PRA) is a United Kingdom financial services regulatory body, formed as one of the successors to the Financial Services Authority The Financial Services Authority (FSA) was a quasi-judicial body accountable for the financial regulation, regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments ... (FSA). The authority is responsible for the prudential regulation Prudential regulation is a type of financial regulation that requires financial firms to control risks and hold adequate capital as defined by capital requirements, liquidity requirements, by the imposition of concentration risk (or large exposures ... and supervision of banks, building societies, credit unions, insurers and major investment firms. It sets standards and supervises financial institutions at the level of the individual firm. Although it was initially structured as a limited company In ...
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Andrew Bailey (banker)
Andrew John Bailey (born 30 March 1959) is a British central banker who has been Governor of the Bank of England since 16 March 2020. Previously he served as the Chief Cashier of the Bank of England from January 2004 until April 2011, Deputy Governor of the Bank of England from April 2013 to July 2016, and Chief Executive of the Financial Conduct Authority from 2016 to 2020. Education Bailey attended Wyggeston Grammar School for Boys, Wyggeston Boys' Grammar School, Leicester from where he went to Queens' College, Cambridge, where he gained a Bachelor of Arts, BA in History and a PhD from the Faculty of History, University of Cambridge in 1984 with a thesis on ''The impact of the Napoleonic Wars on the development of the cotton industry in Lancashire: a study of the structure and behaviour of firms during the Industrial Revolution''. After university, Bailey became a research officer at the London School of Economics, before joining the Bank of England in 1985. He has wor ...
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