Prudential regulation

The Bank of England prudentially regulates and supervises financial services firms through the Prudential Regulation Authority (PRA).

Prudential regulation rules require financial firms to hold sufficient capital and have adequate risk controls in place. Close supervision of firms ensures 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.

The Prudential Regulation Authority (PRA) at the Bank of England is responsible for this prudential regulation and supervision of around 1,500 banks, building societies, credit unions, insurers and major investment firms.

Find out more about what the PRA does

PRA publications

Consultations papers, policy statements, supervisory statements and statements of policy can be viewed individually by following the links below. Policy statements are published on the same page as the accompanying consultation paper

PRA Regulatory Digest

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.

Latest PRA Regulatory Digest

Latest news and publications

18 October 2018: We published a letter sent to the Chairs of the Remuneration Committees of Level One firms on ‘Change to supervising remuneration compliance for Level One firms’.

17 October 2018: We published the following final policy relevant to Solvency II insurers:

Final associated supervisory statements and rules are available under the links above. Alongside PS24/18 ‘Solvency II: Updates to internal model output reporting’ we published v1.0.0 of the Bank of England insurance XBRL taxonomy on the Regulatory reporting – insurance sector page.

15 October 2018: Alongside a news release, we published CP23/18 ‘Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change’.

For further information and materials - see our climate change page.

This page was last updated 18 October 2018
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