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Home > Prudential Regulation Authority

Prudential Regulation Authority

The Prudential Regulation Authority (PRA) is responsible for the prudential regulation and supervision of around 1,700 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 PRA's role is defined by three statutory objectives: i) to promote the safety and soundness of its firms; ii) specifically for insurers, to contribute to the securing of an appropriate degree of protection for policyholders; and iii) a secondary objective to facilitate effective competition.

Latest news and publications

06.10.15​ ​PRA issues policy publications on whistleblowing and regulatory references
​01.10.15 PRA Regulatory Digest - September 2015
​30.09.15 ​PRA issues three publications including an update to SS7/14 - Reports by skilled persons
30.09.15​ ​Letter from Sam Woods on the PRA's response to Defra on climate change adaptation reporting
​29.09.15 ​PRA publishes its response to Defra on climate change adaptation reporting
24.09.15​ Solvency II: Letter from Sam Woods, 24 September 2015

Key initiatives

The PRA and Financial Conduct Authority are developing the new Senior Managers Regime, Certification Regime and Senior Insurance Managers Regime for implementation in 2016. ​More »

​The Solvency II Directive for insurers will be implemented on 1 January 2016. Information for the UK insurance industry on preparing for the new regime is available in this section of the website. More »

​The Capital Requirements Directive and Capital Requirements Regulation (collectively ‘CRD IV’) came into effect on 1 January 2014 for banks, building societies and investment firms. Information about CRD IV and updates are available in this section of the website. More »