Prudential Regulation Authority (PRA) UK

The Prudential Regulation Authority (PRA) is a regulatory body responsible for prudential regulation and supervision of banks, building societies, credit unions, insurers, and major investment firms in the United Kingdom. It is part of the Bank of England and has statutory powers to regulate these firms, including setting capital requirements and risk controls. The PRA's primary objective is to protect and promote the stability of the UK financial system.