The Prudential Regulation Authority (PRA) is a regulatory body in the United Kingdom responsible for overseeing banks, insurers, and investment firms. It aims to ensure the safety and soundness of these financial institutions, promoting stability in the financial system. The PRA is part of the Bank of England and focuses on protecting policyholders and depositors. Established in 2013, the PRA sets standards and supervises firms to minimize risks that could lead to financial crises. It assesses the financial health of institutions and ensures they have adequate capital and risk management practices in place. This helps maintain public confidence in the financial sector.