Prudential Regulation

Prudential regulation refers to the setting of standards and supervisory practices designed to minimise the risk of an individual institutional failure and reduce the collateral damage on the financial system as a whole. The Global Financial Crisis demonstrated significant structural flaws in both internal risk management and external supervision. It prompted Lord Turner, the chairman of the Financial Services Authority, to question in an influential report the efficacy of underpinning conceptual frameworks (Turner Review, 2009).  This series maps and tracks the macro-prudential agenda introduced in the aftermath of the GFC, with particular reference to the Basel Committee on Banking Supervision and the impact of this process on national regulatory settings.

The Complementarity between Financial Supervision and Crisis Resolution: A Gap in the EU Framework at the Time of the Crisis

Giani, Leonardo. The Complementarity between Financial Supervision and Crisis Resolution: A Gap in the EU Framework at the Time of the Crisis. Law and Financial Markets Review, Vol. 4, No. 4, July 2010: 421-427.
Originally Published: 
Saturday, January 1, 2011

FCA announces competition review into credit cards - particular focus on how industry works with those in difficult financial situations

The Financial Conduct Authority (FCA) today confirmed its intention to undertake a competition review into the UK’s £150bn credit card market at the end of this year.
Originally Published: 
Thursday, April 3, 2014

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