We are the Prudential Regulation Authority
As part of the Bank of England, we are responsible for the prudential regulation and supervision of around 1,500 banks, building societies, credit unions, insurers and major investment firms. Find out which firms we regulate.
We create policy for the firms we regulate to follow, enacted through the PRA Rulebook. Our rules require financial firms to maintain sufficient capital and have adequate risk controls in place.
We also supervise firms, to ensure 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.
Our three objectives:
Promote the safety and soundness of the firms we regulate
Contribute to securing an appropriate degree of protection for insurance policyholders
Facilitate effective competition between firms
Latest news and publications
-
20 April 2022 - CP4/22 - Regulated fees and levies: Rates proposals 2022/23
Closes 8 June 202231 March 2022 – DP1/22 – The prudential liquidity framework: Supporting liquid asset usability
Closes 30 June 202228 April 2022 – DP2/22 'Potential Reforms to Risk Margin and Matching Adjustment within Solvency II’
Closes 21 July 202229 April 2022 – CP5/22 'The Strong and Simple Framework: a definition of a Simpler-regime Firm'
Closes 22 July 2022 -
-
25 May 2022: Jointly with the Bank of England, Financial Conduct Authority, Competition & Markets Authority, Payment Systems Regulator, Information Commissioner’s Office, The Pensions Regulator, and HM Treasury (as observer member), we published the fifth edition of the Regulatory Initiatives Forum’s grid – a consolidated plan which aims to give firms a clear idea of upcoming regulatory work.
6 May 2022: we published a statement on EBA Guidelines relating to the management of non-performing and forborne exposures.
4 May 2022: Letter from the PRA ‘Launch of the Insurance Stress Test 2022 (IST 2022)’
28 April 2022: Coinciding with HM Treasury’s consultation on the Solvency II Review, we published the following:
• The PRA’s statement on the ‘Review of Solvency II’ consultation published by HM Treasury
• DP2/22 – Potential Reforms to Risk Margin and Matching Adjustment within Solvency II
• Solvency II Review: Summary of Quantitative Impact Study (QIS), available on the Review of Solvency II: Quantitative Impact Study (QIS) page.
20 April 2022: We published the PRA Business Plan 2022/23, setting out the PRA’s strategy, workplan, and budget for the coming year.
13 April 2022: We published a statement on ‘capital arbitrage transactions’.
24 March 2022: Letter from Sam Woods ‘Existing or planned exposure to cryptoassets’
More PRA publications
Subject to any transitional relief, PRA supervisory statements and PRA statements of policy applicable before 11pm Thursday 31 December 2020 should be read in conjunction with Supervisory Statement (SS) 1/19. This sets out how we expect firms to interpret EU-based references in non-binding PRA regulatory and supervisory materials after the UK’s withdrawal from the EU and the end of the transition period.
Information on other PRA publications can be found using the link below.
For a more in-depth look at our key regulatory news and publications for month, read our latest Regulatory Digest.
Our latest reports
Our annual report sets out our work on our strategic goals and statutory obligations and our business plan sets out our strategy, workplan and budget.
Prudential regulation news and publications
Give your feedback
Thanks! Would you like to give more detail? Press Spacebar or Enter to select