The Prudential Regulation Authority’s Annual Reports and Accounts are available below with interactive content for ease of reference. The printed publications are the official versions.
The consultation on the PRA Annual Report and Accounts 2015 closed on 15 September 2015.
Prudential Regulation Authority – Senior Managers Regime
The Senior Managers Regime (SMR) and Senior Insurance Managers Regime (SIMR) came into force on 7 March 2016. The regimes implement recommendations in the final report of the Parliamentary Commission on Banking Standards (PCBS) to support a change in culture at all levels in banks, building societies, credit unions and PRA-designated investment firms. The Treasury Select Committee recommended that the PRA complete a Responsibilities Map in line with the core principles of the SMR for banks. The PRA response to this recommendation is published below.