Prudential regulation

The Bank of England prudentially regulates and supervises financial services firms through the Prudential Regulation Authority (PRA).

Prudential regulation rules require financial firms to hold sufficient capital and have adequate risk controls in place. Close supervision of firms ensures 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.

The Prudential Regulation Authority (PRA) at the Bank of England is responsible for this prudential regulation and supervision of around 1,500 banks, building societies, credit unions, insurers and major investment firms.

Find out more about what the PRA does

Latest news and publications

7 June 2019: We published:

6 June 2019: We published the PRA Annual Report 2019 which includes information about our activities for the year ended 28 February 2019, and also contains some of our other reporting obligations. To find out more, please visit the PRA Annual Report 2019 page.

Readers may also wish to refer to the Bank of England Annual Report and Accounts – 2019 - also published today – which contains the Bank’s financial and other disclosures in respect of its activities as the PRA.

As part of our commitment to streamline the publication of our reporting obligations, we also published the:

Separately, the Practitioner Panel and Insurance Sub-committee Annual Report 2019 was also published today. 

3 June 2019: We published the PRA Regulatory Digest – May 2019, which highlights key regulatory news a publications delivered for the month.

PRA publications

Consultations papers, policy statements, supervisory statements and statements of policy can be viewed individually by following the links below. Policy statements are published on the same page as the accompanying consultation paper

This page was last updated 10 June 2019
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