Call/WhatsApp/Text: +44 20 3289 5183

Question: Critically evaluate the role of the Prudential Regulatory Authority in ensuring that UK banks are both financially stable and subject to an appropriate level of good corporate governance.

12 Oct 2022,10:40 PM

 

Critically evaluate the role of the Prudential Regulatory Authority in ensuring that UK banks are both financially stable and subject to an appropriate level of good corporate governance.

 

Expert answer

 

The Prudential Regulatory Authority (PRA) is a UK financial regulator that was set up in 2013 as a subsidiary of the Bank of England. It has responsibility for regulating banks, building societies, credit unions, and insurance companies with regard to their financial stability and good corporate governance.

 

One of the PRA's key functions is to ensure that UK banks are adequately capitalised and have robust risk management systems in place. It also monitors banks' compliance with good corporate governance principles, such as adequate board oversight and risk management procedures.

 

The PRA has been successful in ensuring that UK banks are both financially stable and have high levels of corporate governance. This has helped to restore confidence in the UK banking sector following the financial crisis of 2007-2008.

 

The PRA is widely respected by the UK financial industry and is seen as being effective in its regulation of banks and other financial institutions.

 

This article provides an overview of the Prudential Regulatory Authority (PRA), its key functions, and how it has helped to improve confidence in the UK banking sector.

Stuck Looking For A Model Original Answer To This Or Any Other
Question?

Related Questions

A 32-year-old female presents to the ED with a chief complaint of fever, chills, nausea, vomiting, and vaginal discharge

Scenario 1: A 32-year-old female presents to the ED with a chief complaint of fever, chills, nausea, vomiting, and vaginal discharge. She states these symptoms started about 3 days ago, but she thought she had the flu. She has begun to have LLQ pain and notes bilateral lower back pain. She denies dysuria, foul-smelling urine, or frequency. States she is married and has sexual intercourse with her husband. PMH negative. Labs: CBC-WBC 18, Hgb 16, Hct 44, Plat 325, ­ Neuts & Lymphs, sed rate 46 mm/hr., C-reactive protein 67 mg/L CMP wnl Vital signs T 103.2 F Pulse 120 Resp 22 and PaO2 99% on room air. Cardio-respiratory exam ...
You work in the Department of Foreign Affairs and Trade of Australia. Your department will.....

Problem Description: You work in the Department of Foreign Affairs and Trade of Australia. Your department will be hosting a workshop on the Global Value Chains, challenges, and opportunities for Australia, with participants from academia, industry, government, and non-profit organizations. To prepare for this workshop, you plan to first write a report on GVCs by giving a relevant example. To appeal to the audience, you wish to focus on a GVC in which Australia participates, that is, Australian inputs are used to produce (deliver) final products (services). Your report should: Give an example of GVC which involves at least three ...
Critically examine the memorialisation or commemoration of an event said to be defining of a given society’s collective.......

  Select a relevant piece of artwork (i.e. documentary, exhibition, film) and/or artist and critically assess the artist’s/artwork’s contribution to understandings of how societies remember.   OR   Critically examine the memorialisation or commemoration of an event said to be defining of a given society’s collective or social memory, in which digital technologies/media/archives are seen as highly significant in the formation of remembrance.     DRAFT / STUDY TIPS: The Role of Digital Technologies in the Memorialization of Collective Memory: A Critical Examination Introduction Memorialization and commemoration are crucial aspects ...
You hold the HR directorship of a local company in Durham, which employs 100 workers

You hold the HR directorship of a local company in Durham, which employs 100 workers (all in a managerial position). The company usually offered an incremental pay rise of 3 per cent every year. It also offered some benefits such as health insurance, life insurance, and private pension plan. The cost of living and the high inflation are influencing the organisational revenue. You were asked to rethink the Employee Rewards including the pay rise and the benefit system and to consider withdrawing the private pension plan. Based on that information please answer the following:   1)    What external influences do ...

What Clients Say About Us

Copyright © 2012 - 2024 Apaxresearchers - All Rights Reserved.

WhatsApp us