Prudential Authority Reference

Figures current at 29 September 2026. Source: TradeAnswers.

Who does what
RegulatorConcernRegulates
Prudential AuthoritySafety and soundnessBanks, insurers, financial conglomerates
FSCAMarket conductAll financial institutions, including banks
Reserve BankFinancial stabilityThe system as a whole
National Credit RegulatorCredit provisionCredit providers
Financial Intelligence CentreMoney launderingAccountable institutions
What the Prudential Authority requires
RequirementApplies toPurpose
Minimum capitalBanks and insurersAbsorb losses
Liquidity coverage ratioBanksSurvive a thirty-day stress
Solvency capital requirementInsurersMeet obligations under stress
Stress testingLarge institutionsTest resilience
Fit and proper for directorsAllGovernance
Recovery and resolution plansSystemically important banksOrderly failure
Where a broker sits
TypePrudential AuthorityFSCA
A bank offering tradingYesYes
An insurerYesYes
An FSP that is not a bankNoYes
A CFD brokerNoYes
A collective investment scheme managerNoYes

Data maintained by TradeAnswers · updated as the figures change