We are the Prudential Regulation Authority
As part of the Bank of England, we are responsible for the prudential regulation and supervision of around 1,292 banks, building societies, credit unions, insurers and major investment firms. Find out which firms we regulate.
We create policy for the firms we regulate to follow, enacted through the PRA Rulebook. Our rules require financial firms to maintain sufficient capital and have adequate risk controls in place.
We also supervise firms, to ensure that we have a comprehensive overview of their activities so that we can step in if they are not being run in a safe and sound way or, in the case of insurers, if they are not protecting policyholders adequately.
Latest news and publications
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31 March 2025 – CP4/25 – Depositor protection
Closes 30 April 2025 and 30 June 202530 April 2025 – CP10/25 – Enhancing banks’ and insurers’ approaches to managing climate-related risks – Update to SS3/19
Closes 30 July 20258 May 2025 – CP11/25 – Discontinuing SS20/15: Supervising building societies’ treasury and lending activities
Closes 8 August 202522 May 2025 - CP12/25 – Pillar 2A review – Phase 1
Closes 5 September 202524 June 2025 – CP13/25 – Credit Union Service Organisations
Closes 24 October 2025 -
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9 July 2025: The Prudential Regulation Authority announces a review of the Loan to Income (LTI) flow limit rule and offers interim modification by consent.
4 July 2025: We published a letter to Chief Risk Officer to share the PRA’s view of the potential risks arising from the use of solvency-triggered termination rights clauses (STTRs) in bulk purchase annuity (BPA) transactions and our assessment of how firms are mitigating the risks involved.
27 June 2025: We published a Prescribed Persons (Reports on Disclosures of Information) Regulations 2017 – Annual Report 2024/25.
27 June 2025: We published the Results of the firm feedback survey 2024.
26 June 2025: We published the PRA Annual Report 2024/25, covering PRA activities from 1 March 2024 to 28 February 2025.
We also published:
More PRA publications
Subject to any transitional relief, PRA supervisory statements and PRA statements of policy applicable before 11pm Thursday 31 December 2020 should be read in conjunction with Supervisory Statement (SS) 1/19. This sets out how we expect firms to interpret EU-based references in non-binding PRA regulatory and supervisory materials after the UK’s withdrawal from the EU and the end of the transition period.
Information on other PRA publications can be found using the link below.
For a more in-depth look at our key regulatory news and publications for month, read our latest Regulatory Digest.
Our latest reports
Our annual report sets out our work on our strategic goals and statutory obligations and our business plan sets out our strategy, workplan and budget.