Our response to coronavirus (Covid): regulatory measures for PRA firms

This page outlines the measures put in place during Covid-19 to support firms regulated by the Prudential Regulation Authority (PRA).
This page was created in early 2020 as an index for Covid-19 related developments, to provide a helpful resource for firms as the situation evolved. As of August 2021, this page will no longer be regularly updated as the number of PRA publications driven by Covid-19 has significantly reduced. 

We have taken a number of actions to help PRA-regulated firms deal with Covid-19. These regulatory actions are designed to maintain financial stability, ensure the safety and soundness of firms and make sure policyholders are protected.

We are working closely with regulated firms, the Financial Conduct Authority, HM Treasury, the Government and other financial regulators to co-ordinate our response in the most effective way.

Firms can find details of our regulatory response to support them below.

Details of any further regulatory actions to support firms will be published on this page.

Latest news and updates

27 April 2021: We published ‘PRA statement on the disclosure of exposures subject to measures applied in response to Covid-19’. This statement is relevant to UK banks and building societies.

16 February 2021: We published a letter from PRA Senior Advisors to Non-Executive Directors of those Banking and Insurance firms that took part in a pilot programme of virtual meetings in 2020.

9 February 2021: We published ‘PRA statement on supervisory benchmarking exercise relating to capital internal models’ addressing the 2021 supervisory benchmarking exercise for capital internal models. This statement is relevant to credit institutions in scope of the reporting requirements.

5 February 2021: We published ‘PRA Statement on Covid-19 regulatory reporting amendments’, in response to the current Covid-19 conditions. This statement is relevant to PRA-regulated UK banks, building societies, designated investment firms and credit unions (firms).

Latest PRA publications

This page was last updated 31 January 2023