Tagged: pra

UK’s Prudential Regulation Authority Releases Paper on Creating Simpler, Resilient Prudential Framework for Banks

The Prudential Regulation Authority (PRA), a United Kingdom financial services regulatory body that’s responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers, and major investment firms, has released a discussion paper that looks into developing a simpler and resilient prudential… Read More

Amicus Files for Full Banking License in UK

Amicus is queued up to become a digital challenger bank as it has filed with the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) for a banking license. Currently, Amicus has three specialist divisions including property finance, commercial finance and asset finance.  The new… Read More

UK Treasury Committee Expresses Concern on Risk of Peer to Peer Lending

  The Chairman of the UK Parliament Treasury Committee has written both Tracey McDermott, head of the FCA, and Andrew Bailey, Deputy Governor of the Bank of England for Prudential Regulation, to enquire if consumers may benefit from further regulation of the peer to peer… Read More

Andrew Bailey Appointed Chief Executive of Financial Conduct Authority

HM Treasury has selected Andrew Bailey as the new Chief Executive of the Financial Conduct Authority (FCA).  Bailey replaces interim CEO Tracey McDermott who publicly revealed her decision not to seek a permanent assignment at the FCA in early January.  McDermott took over the helm… Read More

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