Prudential Regulation Authority Handbook

The Prudential Regulation Authority (PRA) Handbook is a set of guidelines and rules designed to ensure that banks, insurers, and investment firms operate safely and soundly in the UK. It focuses on maintaining financial stability by regulating how these institutions manage risks, hold capital, and treat their customers. The PRA aims to protect the financial system and consumers by enforcing standards that prevent crises, promoting transparency, and ensuring that financial entities can withstand economic challenges. Essentially, it helps ensure that these institutions are reliable and can fulfill their obligations to customers and the economy.