Prudential Authority

The Prudential Authority is a regulatory body responsible for overseeing financial institutions such as banks and insurers to ensure their stability and soundness. Its goal is to protect consumers and the economy by setting standards for financial health, risk management, and governance. By supervising these institutions, the Authority helps prevent failures that could lead to financial crises, ensuring the financial system remains reliable and resilient. Essentially, it acts as a guardian ensuring that financial organizations operate responsibly and are financially secure.