Then everybody once more knelt, and soon the blessing was pronounced. The choir and the clergy trooped out slowly, [â¦], down the nave to the western door.
The authority is structured as a limited company wholly owned by the Bank of England and is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms.he PRA's most significant supervisory decisions will be taken by its Board â comprising the Governor of the Bank of England, the Deputy Governor for Financial Stability, the chief executive officer of the PRA (and Deputy Governor for Prudential Regulation), and independent non-executive members.
Analysts and regulators maintain confidence that PRAs help achieve adequate safety in one of two ways: 1  Imposing strict enough safety margin to account for the uncertainty in estimating risk; or. 2  Increasing the PRA's modeling certainty so that a smaller margin can provide the same (or better) confidence of safety.