The Prudential Regulation Authority's Secondary Competition Objective

Stephen Dickinson; David Humphry; Paolo Siciliani; Michael Straughan; Paul Grout

The Prudential Regulation Authority's Secondary Competition Objective

Stephen Dickinson, David Humphry, Paolo Siciliani, Michael Straughan, Paul Grout

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Abstract

• The Prudential Regulation Authority’s (PRA’s) secondary competition objective requires the PRA to act, where possible, in a way that facilitates effective competition when making policies to advance its primary objectives of safety and soundness, and policyholder protection.• This article explains the rationale for the objective, how the PRA interprets it, and what this means for the PRA’s regulation of banks and insurers.

Original language	English
Pages (from-to)	334-343
Number of pages	10
Journal	Bank of England Quarterly Bulletin
Volume	55
Issue number	4
Publication status	Published - 15 Dec 2015

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Professor Paul A Grout
- P.A.Grout@bristol.ac.uk
- School of Economics - Professor of Political Economy
- Cabot Institute for the Environment
- Centre for Market and Public Organisation
Person: Academic , Member

Cite this

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AB - • The Prudential Regulation Authority’s (PRA’s) secondary competition objective requires the PRA to act, where possible, in a way that facilitates effective competition when making policies to advance its primary objectives of safety and soundness, and policyholder protection.• This article explains the rationale for the objective, how the PRA interprets it, and what this means for the PRA’s regulation of banks and insurers.

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EP - 343

JO - Bank of England Quarterly Bulletin

JF - Bank of England Quarterly Bulletin

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The Prudential Regulation Authority's Secondary Competition Objective

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Professor Paul A Grout

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