PRA fundamental rules Flashcards
1
Q
acronym
A
COMPARED
2
Q
C
A
Conduct business with integrity
3
Q
O
A
Organise and control affairs responsibly and effectively
4
Q
M
A
Maintain adequate financial resources
5
Q
P
A
Prepare for resolution, so quickly execute
6
Q
A
A
Act in a prudent manner
7
Q
R
A
Regulators dealt with an open & co-operative way - disclosure of anything pertinent
8
Q
E
A
Effective risk management systems and strategies
9
Q
D
A
Due skill, care and diligence when conducting business
