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

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

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

10 December 2018: We published a letter from David Rule, Policy Statement 31/18 ‘Solvency II: Equity release mortgages’ together with an updated SS3/17 ‘Solvency II: Matching adjustment - illiquid unrated assets and equity release mortgages’. The policy will take effect from 31 December 2019.

10 December 2018: The Senior Managers and Certification Regime (SM&CR) has been extended to insurers. For more information, including where to find updated forms, see Strengthening accountability.

7 December 2018: Due to essential maintenance ahead of the extension of the SM&CR to insurers, the Financial Services Register will be unavailable from 17:00 Friday 7 December to 09:00 Monday 10 December. Please see the Financial Services Register for more information.

5 December 2018: We published Policy Statement 30/18 ‘Regulatory reporting: Responses to CP16/18’, updates to SS34/15 ‘Guidelines for completing regulatory reports’ and SS32/15 ‘Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082, and PRA 111’ which include links to updated PRA, RFB and FSA templates and instructions (available on the Regulatory reporting – banking sector webpage).

29 November 2018: The Bank of England, the Pay.UK and the Payments Systems Regulator (PSR) published a response to the consultation on the adoption of a common global messaging standard, known as ISO 20022.