Prudential regulation

In this section

Who are we?

What do we do?

Policy and tools

Prudential and Resolution Policy Index

We are the Prudential Regulation Authority

As part of the Bank of England, we are responsible for the prudential regulation and supervision of around 1,292 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.

Find out more about what we do

External links

31 March 2025 – CP4/25 – Depositor protection
Closes 30 April 2025 and 30 June 2025

30 April 2025 – CP10/25 – Enhancing banks’ and insurers’ approaches to managing climate-related risks – Update to SS3/19
Closes 30 July 2025

8 May 2025 – CP11/25 – Discontinuing SS20/15: Supervising building societies’ treasury and lending activities
Closes 8 August 2025

22 May 2025 - CP12/25 – Pillar 2A review – Phase 1
Closes 5 September 2025

24 June 2025 – CP13/25 – Credit Union Service Organisations
Closes 24 October 2025
- Show all consultations
8 July 2025 – PS11/25 - Amendments to PRA Rulebook and FCA Guidance on the de minimis threshold for the Loan to Income flow limit in mortgage lending

3 July 2025 – PS8/25 – Updates to the UK policy framework for capital buffers

30 June 2025 – PS10/25 – PRA annual fees consultation for 2025/26 – final policy statement
- Show all policy
4 July 2025: We published a letter to Chief Risk Officer to share the PRA’s view of the potential risks arising from the use of solvency-triggered termination rights clauses (STTRs) in bulk purchase annuity (BPA) transactions and our assessment of how firms are mitigating the risks involved.

27 June 2025: We published a Prescribed Persons (Reports on Disclosures of Information) Regulations 2017 – Annual Report 2024/25.

27 June 2025: We published the Results of the firm feedback survey 2024.

26 June 2025: We published the PRA Annual Report 2024/25, covering PRA activities from 1 March 2024 to 28 February 2025.

We also published:
14 April 2025: The eighth edition of the Regulatory Initiatives Grid was published by the Financial Services Regulatory Initiatives Forum. This follows an interim update published in October after the previous publication, due in May 2024, was postponed following the announcement of the General Election. The Grid sets out the regulatory pipeline, in order to give firms a clear view of upcoming regulatory initiatives. The Forum is comprised of the Bank of England (including the Prudential Regulation Authority), Financial Conduct Authority, Competition & Markets Authority, Payment Systems Regulator, Financial Reporting Council, Information Commissioner’s Office, The Pensions Regulator, and HM Treasury (as observer member).

10 April 2025: We published the PRA Business Plan 2025/26, setting out the PRA’s strategic priorities and strategy, workplan, and budget for the coming year.

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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.

Prudential regulation publications

For a more in-depth look at our key regulatory news and publications for month, read our latest Regulatory Digest.

PRA 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.