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Publication - Professor Paul Grout

    The Prudential Regulation Authority's Secondary Competition Objective

    Citation

    Dickinson, S, Humphry, D, Siciliani, P, Straughan, M & Grout, P, 2015, ‘The Prudential Regulation Authority's Secondary Competition Objective’. Bank of England Quarterly Bulletin, vol 55., pp. 334-343

    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.

    Full details in the University publications repository