Prudential Regulation Authority (PRA)

Back in 2013 the Financial Services Authority (FSA) split into 2 regulatory bodies. So now we have the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

The PRA is responsible for the authorising (alongside the FCA) and supervising of financial organisations. That includes banks, building societies and credit unions, as well as insurers and some investment firms.