who does the pra regulate?
The Prudential Regulation Authority (PRA) is a United Kingdom financial services regulatory body, formed as one of the successors to the Financial Services Authority (FSA).he PRA's most significant supervisory decisions will be taken by its Board â comprising the Governor of the Bank of England, the Deputy Governor for Financial Stability, the chief executive officer of the PRA (and Deputy Governor for Prudential Regulation), and independent non-executive members.
The authority is structured as a limited company wholly owned by the Bank of England and is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.he PRA's most significant supervisory decisions will be taken by its Board â comprising the Governor of the Bank of England, the Deputy Governor for Financial Stability, the chief executive officer of the PRA (and Deputy Governor for Prudential Regulation), and independent non-executive members.