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

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

PRA Regulatory Digest

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

Latest PRA Regulatory Digest

Latest news and publications

14 November 2018: We published final policy and materials alongside Policy Statement 28/18 ‘UK leverage ratio: Applying the framework to systemic ring-fenced bodies and reflecting the systemic risk buffer’. See the Structural reform and Regulatory reporting – banking sector webpages for more information.

7 November 2018: Following the legislation implementing the temporary permissions regime, we issued a PRA Direction ‘Temporary permission and variation: notification before exit day’ – see the Temporary permissions regime webpage for more information.

31 October 2018: We published CP27/18 ‘Solvency II: Adjusting for the reduction of loss absorbency where own fund instruments are taxed on write down’. Consultation responses are requested by Wednesday 2 January 2019.

31 October 2018: We published updated versions of the PRA’s approach to supervision.

25 October 2018: We published ‘Good cop/bad cop’, a speech by Sam Woods, Deputy Governor for Prudential Regulation and the CEO of the PRA, at the Mansion House City Banquet, which describes the two different roles the regulator often finds itself playing. 

25 October 2018: The Bank of England published a news release with links to all publications issued today. For further information and materials about our work on the UK’s withdrawal from the EU, please see the new dedicated EU withdrawal webpage that includes links to information on the authorisation of EEA banks and insurers, and the temporary permissions regime.

This page was last updated 14 November 2018
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