"We want to be stricter in enforcing prudential regulations."
That this could have happened is testament to the low regard into which prudential regulation was allowed to fall.
It aims to strengthen the prudential regulation of the insurance sector.
We are putting the Bank of England back in charge of prudential regulation.
Existing prudential regulation makes distinctions between different types of banking activities when determining capital requirements.
With regard to prudential regulation, this should not be disproportionate, so that the security of the fund is guaranteed.
This again raises issues relating to the role of credit rating agencies in the financial system and prudential regulation.
One cannot but worry about the pathetic prudential regulations to which they are subject, even in Europe.
To me the best guarantee for contributors is that an appropriate prudential regulation is set out and implemented in practice.
Like any financial business, Stock Exchange members are subject to prudential regulation.