Prudential regulation

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

17 May 2019: We issued a statement on Metro Bank.

16 May 2019: We published a speech ‘Stylish regulation’ by Sam Woods, Deputy Governor for Prudential Regulation and PRA CEO.

14 May 2019: We published a speech ‘Operational resilience – a progress report’ by Nick Strange, Director of Supervisory Risk Specialists, and ‘Model use and misuse’ a speech by David Rule, Executive Director of Insurance Supervision.

1 May 2019: We published the ‘Systemic Risk Buffer rates for ring-fenced banks and large building societies – applicable from 1 August 2019’.

1 May 2019: We published the PRA Regulatory Digest – April 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. 

• Consultation papers and Policy statements
• Supervisory statements
• Statements of policy
• Prudential regulation news releases and speeches
• Statements and reports
• Letters
• PRA Regulatory Digest