PRA Regulatory Digest – June 2026

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
Published on 01 July 2026

Top news and publications

  • CP9/26 – Basel 3.1: Adjustments to the internal model approach (IMA) for market risk
  • Prudential Regulation Authority Annual Report 2025/26
  • Prescribed Persons (Reports on Disclosures of Information) Regulations 2017 – Annual Report 2025/26
  • Enforcement Decision Making Committee Report 2025/26
  • Prudential Regulation Authority’s Cost Benefit Analysis Panel Annual Report 2025/26
  • Accountability of the Prudential Regulation Authority for delivery of the Secondary Competitiveness and Growth Objective (SCGO)

 

Cross cutting publications

The Bank of England and FCA’s 2026 AI Survey

5 June 2026

The Bank of England and FCA’s 2026 AI Survey is now live . This voluntary survey aims to understand the development, deployment, and use of artificial intelligence and machine learning (AI/ML), including foundation models, generative AI (GenAI) and agentic AI, in UK financial services. Building on the 2019, 2022 and 2024 surveys, responses to this survey will help build a longer-term picture on AI/ML adoption and use across the UK financial sector. The survey will be open for responses from firms until 31 July.

 

Prudential Regulation Authority Annual Report 2025/26

25 June 2026

The Bank of England and the Prudential Regulation Authority (PRA) have published their annual reports. The PRA report includes information on our activities for the year ended 28 February 2026.

 

Accountability of the Prudential Regulation Authority for delivery of the Secondary Competitiveness and Growth Objective (SCGO)

25 June 2026

This Appendix to the PRA Annual Report 2025/26, sets out the quantitative and qualitative metrics used to monitor the PRA’s performance against its Secondary Competitiveness and Growth Objective (SCGO). Reporting against appropriately selected metrics is an important part of the PRA’s commitment to transparency and accountability for the delivery of its secondary objectives.

  

Prescribed Persons (Reports on Disclosures of Information) Regulations 2017 – Annual Report 2025/26

25 June 2026

The Bank of England and PRA are both Prescribed Persons as defined by Parliament under The Public Interest Disclosure (Prescribed Persons) Order 2014.

 

Enforcement Decision Making Committee Report 2025/26

25 June 2026

This is the seventh report of the Enforcement Decision Making Committee (EDMC) of the Bank of England (the Bank), covering the period of 1 March 2025 to 28 February 2026. The EDMC was set up by the Bank in August 2018 to perform similar functions to those performed by the Regulatory Decisions Committee of the Financial Conduct Authority.

 

Prudential Regulation Authority’s Cost Benefit Analysis Panel Annual Report 2025/26

25 June 2026

The Cost Benefit Analysis (CBA) Panel is a statutory panel established to provide advice to the PRA and the Bank on the preparation of CBA. The Panel provides independent input to the PRA’s and the Bank’s CBAs, helping to support increased transparency and scrutiny of their policymaking. This report covers the period from 1 March 2025 to 28 February 2026.

 

 

Banking publications and updates

CP9/26 – Basel 3.1: Adjustments to the internal model approach (IMA) for market risk

19 June 2026

This consultation paper (CP) sets out proposed adjustments to the Basel 3.1 internal model approach (IMA) for market risk. This CP is particularly relevant to firms with existing IMA approval and those considering applying for IMA approval under Basel 3.1.

 

 

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 Insights – our internal analysis on important and topical issues.

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.

European and International developments – readers are referred to the following websites: