PRA Regulatory Digest – July 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.
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BankInsuranceAll Firms
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PRA News
Prudential Regulation Authority
All news and announcements from the PRA (United Kingdom).
LIAF02/26 – Low Impact Amendments Finalisation July 2026
Low Impact Amendments Finalisation July 2026
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Topics:
Bank
Prudential Regulation Authority statement on enhancing the usability and releasability of capital buffers
The PRA is clarifying that it could release other systemically important institution (O-SII) buffers in the event of systemic stress.
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Topics:
Bank
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.
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Topics:
Bank
FSCS Protected Deposit Reporting Requirements
The PRA has recently received a number of queries from firms relating to the identification, marking and reporting of FSCS protected deposits.
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Bank
Accountability of the Prudential Regulation Authority for delivery of the Secondary Competitiveness and Growth Objective (SCGO)
Appendix to the Prudential Regulation Authority Annual Report 2025/26
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BankInsuranceAll Firms
Prudential Regulation Authority’s (PRA) Cost Benefit Analysis Panel Annual Report 2025/26
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.
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All Firms
Prudential Regulation Authority Annual Report 2025/26
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.
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All Firms
PRA Regulatory Digest – May 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.
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Topics:
BankInsuranceAll Firms
Letter from David Bailey, Charlotte Gerken and Rebecca Jackson on reaffirming the PRA's position and clarifying expectations on innovations in the use of deposits, e-money and stablecoins
Letter to Chief Executive Officers of all banks and designated investment firms.
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BankPayment ProviderFintech
Letter from David Bailey, Charlotte Gerken and Rebecca Jackson on the prudential treatment of tokenised assets, stablecoins, and other cryptoasset exposures
Letter to Chief Executive Officers of all banks and designated investment firms.
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Topics:
BankCrypto ExchangeAll Firms
PRA Regulatory Digest – April 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.
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Topics:
All Firms
SoP14/24 – The Prudential Regulation Authority’s approach to cost benefit analysis
Statement of Policy 14/24
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All Firms
The PRA’s Standard Cost Model
Technical Note
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All Firms
SoP14/24 – The Prudential Regulation Authority’s approach to cost benefit analysis
Statement of Policy 14/24
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All Firms
LIAF01/26 – Low Impact Amendments Finalisation April 2026
Low Impact Amendments Finalisation 2026
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All Firms
Prudential Regulation Authority Business Plan 2026/27
The 2026/27 Business Plan sets out the workplan for each of our strategic priorities and our strategy to advance our primary and secondary objectives. This year’s business plan confirms the PRA’s continued focus on safety and soundness and policyholder protection, alongside a proportionate and efficient approach to regulation.
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Topics:
BankInsurance
PRA Regulatory Digest – March 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.
Sectors:
Topics:
BankAsset ManagerWealth Manager
PRA Regulatory Digest – February 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.
Sectors:
Topics:
BankInsurance
Prudential Regulation Authority statement on the life insurance stress test in 2028
This statement provides an early indication to industry of the Prudential Regulation Authority’s (PRA) intent to launch the next Life Insurance Stress Test (LIST) exercise in January 2028.
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Topics:
Insurance
PRA Regulatory Digest - January 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.
Sectors:
Topics:
BankInsurance
Letter from Gareth Truran and Shoib Khan – Insurance Supervision: 2026 priorities
Letter to Chief Executive Officers of PRA-regulated Insurance firms
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Insurance
Letter from Rebecca Jackson and Alison Scott – International Banks Supervision: 2026 priorities
Letter to Chief Executive Officers of PRA regulated international banks active in the UK
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Topics:
BankWealth Manager
Letter from Charlotte Gerken and Laura Wallis – UK Deposit Takers Supervision: 2026 priorities
Letter to Chief Executive Officers of PRA regulated UK deposit takers
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Bank
Future Banking Data: November CFO Roundtable: summary
On 12 November the PRA hosted a roundtable meeting with Chief Financial Officers (CFOs) of systemically important firms operating in the UK, to discuss Future Banking Data (FBD).
Sectors:
Topics:
BankAsset ManagerWealth Manager
PRA Regulatory Digest - December 2025
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.
Sectors:
Topics:
BankAsset ManagerWealth Manager
Berne Financial Services Agreement (BFSA) Operational Direction and Guidelines for UK Insurers’ Section IV Notifications
The Berne Financial Services Agreement (BFSA) is a mutual recognition agreement between the UK and Switzerland, effective from 1 January 2026. This agreement enhances cross-border market access for financial services between the two countries.
Effective Date: 1 January 2026
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Topics:
Insurance
LIAF03/25 – Low Impact Amendments Finalisation December 2025
The PRA has published LIAF03/25, a collection of final low impact rule amendments.
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Topics:
BankAsset ManagerWealth Manager
PRA letter to the Prime Minister - December 2025
The Prudential Regulation Authority’s (PRA) update to the Prime Minister on work to support economic growth.
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Topics:
BankAsset ManagerWealth Manager
Mutuals landscape report
This report has been informed by the PRA and FCA’s ongoing regulation and supervision of mutuals and by direct engagement with mutuals and their trade associations in sessions around the country throughout 2025.
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Topics:
BankAsset ManagerWealth Manager
PRA Regulatory Digest - November 2025
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.
Sectors:
Topics:
BankAsset ManagerWealth Manager
Other systemically important institutions (O-SII) buffer rates for ring-fenced banks, large domestic banks, and large building societies
The PRA has set the 2025 O-SII buffer rates for ring-fenced banks, large domestic firms, and large building societies
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Topics:
Bank
2025 list of UK headquartered Globally Systemically Important Institutions (G-SIIs)
The PRA disclosure of UK headquartered G-SIIs for 2025.
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Topics:
BankWealth ManagerAsset Manager
2025 list of UK firms designated as Other Systemically Important Institutions (O-SIIs)
The PRA has published the list of designated O-SIIs for 2025
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Topics:
BankWealth ManagerAll Firms
Prudential Regulation Authority (PRA) annual assessment of the Credit Union sector
This letter sets out the key findings from our annual assessment and the actions we expect you to take.
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Topics:
Bank
Deep, liquid, and transparent (DLT) assessment for January 2026 implementation
The table below shows the outcomes of the annual DLT assessment for PRA relevant currencies, which will be effective from 1 January 2026.
Effective Date: 1 January 2026
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Topics:
BankAsset ManagerWealth Manager
Life Insurance Stress Test 2025 results: Annex 4 – insurer-specific results
This is the first exercise conducted under the new Solvency UK regulatory regime implemented in 2024.
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Topics:
Insurance
Life Insurance Stress Test: 2025 Results
This is the first exercise conducted under the new Solvency UK regulatory regime implemented in 2024. The PRA published sector-level results on 17 November 2025 followed by individual firm disclosure for the core scenario on 24 November 2025.
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Insurance
UK Berne Financial Services Agreement (BFSA) Guidelines
Guidelines to assist firms considering providing services under the Berne Financial Services Agreement.
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Topics:
BankWealth ManagerAsset Manager
PRA Regulatory Digest - October 2025
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.
Sectors:
Topics:
BankAsset ManagerWealth Manager
SoP5/15 – The PRA's methodologies for setting Pillar 2 capital
Statement of Policy 5/15
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Topics:
BankAsset ManagerWealth Manager
SoP8/25 – The PRA’s approach to the exercise of powers referred to in Articles 244(3)(b), 245(3)(b), 254(4) and 258(2) of the Securitisation (CRR) Part of the PRA Rulebook
Statement of policy 8/25
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Topics:
BankAll Firms
SoP6/25 – The PRA’s approach to Internal Model Method (IMM) permission under the Counterparty Credit Risk (CRR) Part
Statement of policy 6/25
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Topics:
Bank
SoP7/25 – The PRA’s approach to waivers and permissions under the Securitisation (CRR) Part of the PRA Rulebook
Statement of policy 7/25
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Topics:
BankAll Firms
Effective practices: Cyber response and recovery capabilities
Publication from the Bank, PRA and FCA to firms and financial market infrastructures highlighting observed effective practices of cyber response and recovery capabilities.
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BankFintechPayment Provider
LIAF02/25 – Low Impact Amendments Finalisation October 2025
The PRA has published LIAF02/25, a collection of final low impact rule amendments.
Sectors:
Topics:
BankAsset ManagerWealth Manager
PRA Regulatory Digest - September 2025
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.
Sectors:
Topics:
BankAsset ManagerWealth Manager
Future Banking Data roundtable with members of UK Finance and the Building Societies Association
On 1 July, the PRA and the Bank of England held a roundtable meeting with representatives of non-systemic UK banks and building societies.
Sectors:
Topics:
Bank