Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions:
- Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;
- Contractual institutions – insurance companies and pension funds
- Investment institutions – investment banks, underwriters, brokerage firms.
The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government and the prudential regulator of the Australian financial services industry. APRA was established on 1 July 1998 in response to the recommendations of the Wallis Inquiry. APRA's authority and scope is determined pursuant to the Australian Prudential Regulation Authority Act, 1998 (Cth).
The Prudential Tower, also known as the Prudential Building or, colloquially, The Pru, is an International Style skyscraper in Boston, Massachusetts. The building, a part of the Prudential Center complex, currently stands as the 2nd-tallest building in Boston, behind 200 Clarendon Street, formerly the John Hancock Tower. The Prudential Tower was designed by Charles Luckman and Associates for Prudential Insurance. Completed in 1964, the building is 749 feet (228 m) tall, with 52 floors, and is tied with others as the 96th-tallest in the United States. It contains 1,200,000 sq ft (110,000 m2) of commercial and retail space. Including its radio mast, the tower stands as the tallest building in Boston, rising to 907 feet (276 m) in height.
Prudential plc is a British multinational life insurance and financial services company headquartered in London, United Kingdom. It was founded in London in May 1848 to provide loans to professional and working people.
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, investment management, and other financial products and services to both retail and institutional customers throughout the United States and in over 40 other countries.
Prudential Center is a multi-purpose indoor arena in the central business district of Newark, New Jersey, United States. It was designed by HOK Sport, with the exterior designed by Morris Adjmi Architects. Opened in 2007, it is the home of the New Jersey Devils of the National Hockey League (NHL) and the men's basketball program of Seton Hall University, known as the Seton Hall Pirates. The arena officially seats 16,514 patrons for hockey games and up to 18,711 for basketball. Fans and sports writers have affectionately nicknamed the arena "The Rock" in reference to the Rock of Gibraltar, the corporate logo of Prudential Financial, a financial institution that owns the naming rights to the arena and is headquartered within walking distance of it. In December 2013, the arena ranked third nationally and ninth internationally for self-reported annual revenue.
Prudential is an underground light rail station on the MBTA Green Line "E" branch, located below Huntington Avenue next to the Prudential Tower complex near Belvidere Street in Boston, Massachusetts. Prudential station is fully handicapped accessible, featuring low raised platforms and elevator service to the Huntington Arcade of the Shops at Prudential Center at the base of the Prudential Tower.
Allied Irish Bank (GB) is a bank operating in the United Kingdom as a subsidiary of Allied Irish Banks.
Child & Co. is a formerly independent private bank that is now owned by The Royal Bank of Scotland Group. The Royal Bank of Scotland incorporating Child & Co., Bankers is based at 1 Fleet Street in the City of London. Child & Co. is authorised as a brand of The Royal Bank of Scotland by the Prudential Regulation Authority.
The Coventry Building Society is a building society based in Coventry, England. It is the second largest in the United Kingdom with total assets of more than £46 billion at 31 December 2018. It is a member of the Building Societies Association. The society has 1.5m saver-members and a further 350,000 borrower-members.
Monmouthshire Building Society,, is a Welsh building society, which has its head office in Newport, South Wales. The Society provides a range of mortgage and savings products. A broad range of ancillary services, including insurance, financial planning, legal services and funeral plans are also provided by a number of other third party companies.
The San Francisco County Transportation Authority (SFCTA) is a state chartered sub-regional transportation planning and programming agency for San Francisco County. SFCTA is a separate legal entity from the San Francisco Municipal Transportation Agency, the Metropolitan Transportation Commission, and other transportation agencies in the San Francisco area, with its own administrative structure, policies, staff, budget, and with separate borrowing capacity. The Authority Board consists of the eleven members of the San Francisco Board of Supervisors.
A competent authority is any person or organization that has the legally delegated or invested authority, capacity, or power to perform a designated function. Similarly, once an authority is delegated to perform a certain act, only the competent authority is entitled to take accounts therefrom and no one else.
The Financial Services Board (FSB) was the government of South Africa's financial regulatory agency responsible for the non-banking financial services industry in South Africa from 1990 to 2018. It was an independent body which had a mandate to supervise and regulate the non-bank financial services industry in the public interest. This included the regulation of the biggest stock exchange in Africa the Johannesburg Stock Exchange. From 1 April 2018 the FSB was split into prudential and market conduct regulators.
The Prudential Assurance Building is a Grade II listed, Victorian Gothic revival style office building located on Dale Street in the centre of Liverpool, England.
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom.
The Prudential Regulation Authority (PRA) is a United Kingdom financial services regulatory body, formed as one of the successors to the Financial Services Authority (FSA). 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. It sets standards and supervises financial institutions at the level of the individual firm.
The European Banking Authority (EBA) is a regulatory agency of the European Union headquartered in Paris. Its activities include conducting stress tests on European banks to increase transparency in the European financial system and identifying weaknesses in banks' capital structures. The EBA was established on 1 January 2011, upon which date it inherited all of the tasks and responsibilities of the Committee of European Banking Supervisors (CEBS). After the United Kingdom withdrawal from the European Union referendum the agency has relocated to Paris.
London Mutual Credit Union Limited (LMCU) is a not-for-profit member-owned financial co-operative, based in Peckham and operating in the City of Westminster and the London boroughs of Southwark, Lambeth and Camden. The primary lines of business include retail banking, deposit-taking and lending.
Prudential capital controls are typical ways of prudential regulation that takes the form of capital controls and regulates a country’s capital account inflows. Prudential capital controls aim to mitigate systemic risk, reduce business cycle volatility, increase macroeconomic stability, and enhance social welfare.
