Number of contingency plans for the UK’s withdrawal from the EU received from PRA Regulated firms

We publish details of a selection of requests made under the Freedom of Information Act 2000, and the information we disclose in response.

Date: 24 April 2018 

Disclosure:

On 7 April 2017, Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive of the Prudential Regulation Authority (‘PRA’), which is part of the Bank of England (the ‘Bank’), issued a letter requesting that banks, insurers and designated investment firms undertaking cross-border activities between the UK and the rest of the European Union submit a short summary of their contingency plans for the UK’s withdrawal from the European Union. The number of PRA regulated firms who have submitted contingency plans to the Bank in response to Sam Woods’ letter are listed below. We are not expecting any further responses.

Type of PRA regulated firm  Number of Contingency Plans received 
Banks and designated investment firms 147
Non-life insurers/insurance groups
136 
Life insurers/insurance groups
34 
European Economic Area insurance firms and/or their home state regulators
519

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