Despite the impacts of Covid-19, we are committed to continuing to improve the way we work. As a follow-up to the PRA strategy 2019/20, in February 2020 we started a review of our strategy and Target Operating Model. In 2020 we will strive to maintain the level of financial resilience of the banking and insurance sectors to be at least as high as it is today, and work closely with those sectors to support their resilience while measures to prevent the spread of Coronavirus affect their business. We will also endeavour to maintain a risk-aware, post-crisis culture in the firms we regulate, whilst embracing new technologies to improve our efficiency and effectiveness as a regulator and delivering greater benefits to financial services firms and the real economy.
Read our workplan for efficiency and effectiveness