We have contacted the PRA with the objective of meeting them. It is maddness that banks can claim that lending via asset based lending is covered by the Sale of Goods Act 1979. That the PRA has no say or control over this lending or the banks
It is like claiming that the Bank of England has no control over the PRA!
From Wikipedia, the free encyclopedia
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| Abbreviation | PRA |
|---|---|
| Predecessor | Financial Services Authority |
| Formation | 1 April 2013 |
| Headquarters | 20 Moorgate London EC2R 6DA |
| Region served | United Kingdom |
| Key people | Mark Carney (Governor of the Bank of England) Andrew Bailey (Deputy Governor of the Bank of England and Chief executive) |
| Main organ | Board of directors |
| Parent organisation | Bank of England |
| Website | www.bankofengland.co.uk/pra |
http://en.wikipedia.org/wiki/Prudential_Regulation_Authority_%28United_Kingdom%29
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