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)
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 18/10/2012.
