Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Prudential Regulation Authority (PRA) definition

Created by the Financial Services Act in 2012, the Prudential Regulation Authority (PRA) is part of the Bank of England (BoE). It is responsible for the prudential regulation and oversight of roughly 1700 banks, building societies, credit unions, insurance and investment firms. 

Prudential Regulation Authority (PRA) definition

Created by the Financial Services Act in 2012, the Prudential Regulation Authority (PRA) is part of the Bank of England (BoE). It is responsible for the prudential regulation and oversight of roughly 1700 banks, building societies, credit unions, insurance and investment firms. 

The PRA’s objectives are to promote the safety and soundness of the firms it regulates, and to encourage effective competition. It sets out to achieve these aims through:

  • Regulation – setting standards and policies for firms to uphold
  • Supervision – assessing risks to its objectives and taking measures to reduce them 

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