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

5 February 2019: We published Consultation Paper 3/19 ‘Solvency II: Longevity risk transfers - simplification of pre-notification expectations’. Responses are requested by Monday 6 May 2019.

5 February 2019: We published the ‘PRA response to DWP consultation paper: Defined benefit pension scheme consolidation’.

31 January 2019: The Financial Conduct Authority (FCA) and PRA published a joint consultation paper FCA CP19/9 and PRA CP2/19 'Financial Services Compensation Scheme - Management Expenses Levy Limit 2019/20'. Responses to the CP are requested by 28 February 2019.

30 January 2019: We published a letter to the CEOs of specialist general insurance firms ‘Cyber underwriting risk: follow-up survey results’.

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