The Prudential Regulation Authority's Secondary Competition Objective

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

Research output: Contribution to journalArticle (Academic Journal)peer-review

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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 languageEnglish
Pages (from-to)334-343
Number of pages10
JournalBank of England Quarterly Bulletin
Volume55
Issue number4
Publication statusPublished - 15 Dec 2015

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