This week, the FSA and the Bank of England published two papers setting out the PRA's approach to the supervision of banks and insurance companies. (These follow on from similar publications last year, taking account of the evolving regime and the passage of the Financial Services Bill). These papers provide a useful overview of the new regulatory regime under PRA and of what it will mean for banks, building societies, insurers and for those investment firms that will be subject to PRA regulation.
To read our briefing on PRA's approach to banking supervision (covering deposit taking and investment firms), click here.
To read our briefing on the PRA's approach to insurance supervision, click here.)
(You can also find our analysis of last year's papers in the archive - click here)