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8 Prudential Regulation

From: Financial Services Regulation in Practice

Simon Morris

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 01 July 2022

Bank supervision — Investment business — Prudential regulation

This chapter reviews the operation of the main elements of the Prudential Regulatory Authority’s (PRA) and the Financial Conduct Authority’s (FCA) prudential regulation. Prudential regulation concerns culture, systems, governance, and risk management as well as capital resources. The standards attached to each of these elements are explained in this chapter. It also considers the extra requirements placed on qualifying banks by the recovery and resolution regime, as well as the need to ring fence retail and other core services.

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