Deputy Governor for Prudential Regulation

E431071

The Deputy Governor for Prudential Regulation is a senior Bank of England official responsible for overseeing the safety and soundness of financial institutions and the stability of the UK financial system.

All labels observed (1)

Label Occurrences
Deputy Governor for Prudential Regulation canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf Bank of England position
public office
aimsTo mitigate impact of firm failure on financial system
reduce risk of failure of regulated firms
appointedBy Monarch of the United Kingdom
linked to: British monarch
appointmentOnAdviceOf Chancellor of the Exchequer
Prime Minister of the United Kingdom
linked to: Prime Minister
collaboratesWith Financial Conduct Authority
HM Treasury
international regulatory bodies
country United Kingdom
createdBy Financial Services Act 2012
dateCreated 2013
firstHolder Andrew Bailey
hasAuthorityOver PRA-regulated firms
hasRole oversee prudential regulation of financial institutions
promote safety and soundness of financial institutions
support stability of the UK financial system
jurisdiction United Kingdom financial system
legalBasis Bank of England Act 1998 as amended
locatedIn London
linked to: London, England
memberOf Bank of England Court of Directors
Financial Policy Committee
Prudential Regulation Committee
oversees Prudential Regulation Authority
partOf Bank of England
policyObjective contribute to securing an appropriate degree of protection for policyholders
promote safety and soundness of PRA-authorised firms
reportsTo Governor of the Bank of England
responsibleFor implementation of Basel prudential standards in the UK
prudential aspects of bank capital requirements
prudential aspects of liquidity regulation
prudential aspects of recovery and resolution planning
prudential aspects of stress testing of firms
prudential supervision of banks
prudential supervision of building societies
prudential supervision of credit unions
prudential supervision of insurers
prudential supervision of major investment firms
seat Bank of England headquarters
successorBodyOversees Prudential Regulation Authority as part of Bank of England
termLength 5 years
termRenewable true
worksOn macroprudential supervision
microprudential supervision
prudential regulation policy

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Deputy Governors of the Bank of England hasMember Deputy Governor for Prudential Regulation