Top news and publications
- PS5/25 – Identification and management of step-in risk
- CP10/25 – Enhancing banks’ and insurers’ approaches to managing climate-related risks – Update to SS3/19
- CP9/25 – MiFID Organisation Regulation
- CP8/25 – Regulated fees and levies: Rates proposals for 2025/26
- CP7/25 – Matching Adjustment Investment Accelerator
- CP6/25 – Proposed amendments to PRA Rulebook and FCA Guidance on the de minimis threshold for the Loan to Income flow limit in mortgage lending
- SS1/25 – Step-in Risk
- Prudential Regulation Authority Business Plan 2025/26
- Letter: Significant risk transfer financing: Prudential expectations
Cross cutting publication
CP10/25 – Enhancing banks’ and insurers’ approaches to managing climate-related risks – Update to SS3/19
30 April 2025
This consultation paper (CP) sets out the Prudential Regulatory Authority’s (PRA) proposals on updated supervisory expectations for banks and insurers. The proposals would help banks and insurers manage the effects of climate change on their businesses and thereby maintain the essential services they provide to the economy.
Prudential Regulation Authority Business Plan 2025/26
10 April 2025
The 2025/26 Business Plan sets out the workplan for each of our strategic priorities and strategy to advance our primary and secondary objectives. This year’s business plan reflects the evolution of our priorities, and in particular the work we are doing to deliver our new secondary objective on competitiveness and growth.
CP8/25 – Regulated fees and levies: Rates proposals for 2025/26
10 April 2025
This CP sets out proposals for the PRA’s fees for 2025/26. This consultation closes on Friday 9 May 2025.
Significant risk transfer financing: Prudential expectations
9 April 2025
The PRA’s letter to Chief Financial Officers to highlight practices we have observed in relation to illiquid and structured financing portfolios across regulated firms.
CP6/25 – Proposed amendments to PRA Rulebook and FCA Guidance on the de minimis threshold for the Loan to Income flow limit in mortgage lending
03 April 2025
In this CP the PRA and the Financial Conduct Authority (FCA) are consulting to increase the de minimis threshold above which the Loan to Income (LTI) flow limit is applied, following the Financial Policy Committee’s (FPC) recommendation in November 2024. This consultation closes on 8 May 2025.
Banking publications and updates
CP9/25 – Markets in financial instruments directive organisational regulation
23 April 2025
The Markets in Financial Instruments Directive Organisational Regulation ('MiFID Org Reg') sets out detailed organisational requirements, which in the UK are applied to both investment firms and Capital Requirement Regulation (CRR) firms. The relevant requirements to the PRA, as the prudential regulator, are outsourcing, record keeping, control procedures, risk, compliance and internal audit functions and governance.
PS5/25 – Identification and management of step-in risk
22 April 2025
This PRA policy statement (PS) provides feedback to responses the PRA received on step-in risk in relation to Chapter 2 CP23/23 – Identification and management of step-in risk, shadow banking entities and groups of connected clients (GCCs). This consultation closes on 8 May 2025.
SS1/25 – Step-in Risk
22 April 2025
This Supervisory Statement (SS) sets out the Prudential Regulation Authority’s (PRA) expectations around firms undertaking step-in risk assessments. This statement should be read in conjunction with the requirements in the Step-in Risk Part of the PRA Rulebook and the high-level expectations outlined in the PRA’s approach to banking supervision. This statement also provides links to the reporting guidance by which firms should complete the step-in risk data items required under PRA rules.
Bank of England Banking Taxonomy v3.9.0 Public Working Draft (PWD)
3 April 2025
This PWD sets out the technical implementation of the proposals outlined in CP7/24 – The Strong and Simple Framework: the simplified capital regime for Small Domestic Deposit Takers (SDDTs). The PRA invites feedback to uktaxonomypwdfeedback@bankofengland.co.uk by Thursday 15 May 2025.
Regulatory reporting and disclosure - Banks, building societies and investment firm
Insurance publications and updates
CP7/25 – Matching Adjustment investment accelerator
8 April 2025
This CP proposes the introduction of a new framework to enable faster, capital efficient, investment by UK insurance firms in new assets. Over the next decade, the insurance industry estimates that regulatory changes already made to Solvency II are expected to enable insurance firms to be able to invest at least £100 billion in UK productive assets in a new window. The proposal in this paper is intended to help accelerate those investments. This 8-week consultation period closes on Wednesday 4 June 2025.
More information
Bank Underground – a blog for Bank of England staff to share views that challenge – or support – prevailing policy orthodoxies. The views expressed here are those of the authors and are not necessarily those of the Bank of England or its policy committees.
Bank Overground – the purpose of Bank Overground is to share our internal analysis. Each bite-size post summarises a piece of analysis that support a policy or operational decision.
Explainers – from interest rates and inflation through to bank failures and financial crises, Explainers uses everyday examples and engaging visuals to bring economics to life.
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