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Prudential Regulation Authority (PRA) Banks

A&O Shearman

UK PRA Consults On Rule Changes For Overseas Prudential Requirements Regime

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The UK Prudential Regulation Authority (PRA) has published consultation paper CP3/26 setting out proposed amendments to the PRA Rulebook to accommodate HM Treasury's (HMT) planned overseas prudential requirements regime...more

A&O Shearman

UK PRA Updates Branch Return Form and Guidance

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The UK Prudential Regulation Authority (PRA) has published an updated webpage for banks, building societies and investment firms, notifying it has published an updated Branch Return Excel form and schema to align with changes...more

A&O Shearman

UK PRA Seeks Views On Proposed Reforms To Banking Regulatory Data Under FBD Programme

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The UK Prudential Regulation Authority (PRA) has published discussion paper DP1/26, outlining its proposed reforms to banking regulatory data under the Future Banking Data (FBD) programme. The FBD programme aims to deliver...more

A&O Shearman

BoE Dear CFO Letter On Preparation For The Third Resolvability Assessment

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The Bank of England (BoE) has issued a Dear CFO Letter setting out information on the third resolvability assessment framework (RAF) assessment. The assessment will evaluate firms' overall ability to meet the three...more

A&O Shearman

UK PRA Final Policy On Implementation Of Basel 3.1 Standards

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The UK Prudential Regulation Authority (PRA) has published final policy statement PS1/26 on the implementation of the Basel 3.1 standards in the UK, together with associated supervisory statements, statements of policy and...more

A&O Shearman

UK PRA Policy Statement On Final Simplified Capital Regime For SDDTs

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The UK Prudential Regulation Authority (PRA) has published a final policy statement PS4/26, finalising the simplified capital regime and additional liquidity simplifications for small domestic deposit takers (SDDTs) and SDDT...more

A&O Shearman

UK ring-fencing reform: Why the ring-fence should be recalibrated, and how

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Ring-fencing was a key component of the UK’s response to the financial crisis of 2008–2009. As has been widely acknowledged, subsequent regulatory reforms in banking regulation (in particular, those relating to capital,...more

Hogan Lovells

UK PRA publishes new supervisory expectations for identifying and managing climate-related risks for banks and insurers

Hogan Lovells on

On 3 December 2025, the UK Prudential Regulation Authority (“PRA”) published its (i) Policy Statement (PS25/25) entitled Enhancing banks' and insurers' approaches to managing climate-related risks – Update to SS3/19 (“PS”)...more

A&O Shearman

UK PRA expectations on notification for inclusion of interim or year-end profits in CET1 capital

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The UK Prudential Regulation Authority (PRA) has published a new webpage outlining its expectations of firms' when including interim or year‑end profits in Common Equity Tier 1 (CET1) capital. Under Article 26(2), Chapter 3...more

A&O Shearman

UK PRA letter provides progress update on economic objectives to Prime Minister

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The UK Prudential Regulatory Authority (PRA) has sent a letter to the Prime Minister providing an update on measures taken to align regulation with its economic growth objectives. The PRA confirms completion of four out of...more

A&O Shearman

UK PRA Policy Statement On The Deletion of Banking Reporting Templates

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The UK Prudential Regulation Authority (PRA) has published policy statement PS27/25 following its September consultation setting out proposals to delete certain regulatory reporting requirements for banks, building societies...more

A&O Shearman

UK FPC Assessment Of Bank Capital Requirements

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The Bank of England's (BoE) Financial Policy Committee (FPC) has published a Financial Stability in Focus report, revisiting its assessment of bank capital requirements. The FPC now judges that the appropriate benchmark for...more

BCLP

Enhancing Banks’ and Insurers’ Approaches to Managing Climate-Related Risks

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On 3 December 2025, the PRA published Policy Statement 25/25 (PS25/25), finalising proposals from CP10/25 and introducing Supervisory Statement 4/25 (SS4/25). This replaces SS3/19 and sets out updated expectations on how...more

A&O Shearman

UK PRA finalises policy on increasing retail deposits threshold for leverage ratio requirement

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The UK Prudential Regulation Authority (PRA) has published policy statement PS22/25, confirming changes to the retail deposits threshold for the UK leverage ratio requirement. Following feedback on its March consultation, the...more

Cadwalader, Wickersham & Taft LLP

Tracing Trends, November 2025 - The UK’s Banking Regulator Sets Out Its Supervisory Expectations

In Supervisory Statement SS31/15, the UK’s Prudential Regulation Authority (“PRA”) updates banks and the large investment firms it supervises on its expectations for their Internal Capital Adequacy Assessment Process...more

A&O Shearman

UK PRA PS 19/25—Securitisation Prudential Reforms

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This briefing, which is relevant to the prudential treatment of securitisations in general (traditional and synthetic) by UK PRA regulated banks, covers the securitisation-related content of PRA Policy Statement 19/25 (PS...more

A&O Shearman

UK PRA near-final rules on retiring the refined methodology to Pillar 2A capital framework

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The UK Prudential Regulation Authority (PRA) has published near-final policy statement PS18/25, confirming its intention to retire the refined methodology to Pillar 2A capital requirements. ...more

A&O Shearman

UK PRA near-final rules on the restatement of remaining CRR requirements

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The UK Prudential Regulation Authority (PRA) has published near-final policy statement PS19/25, setting out its approach to restating remaining provisions of the Capital Requirements Regulation (CRR) into the PRA Rulebook and...more

Hogan Lovells

UK announces joint PRA/FCA Scale-Up Unit to boost growth of financial services innovators

Hogan Lovells on

HM Treasury has announced the launch of a new Scale-up Unit jointly led by the FCA and the PRA. Initially focused on dual regulated firms (banks/building societies and insurers), plans to expand the unit's scope to solo...more

A&O Shearman

UK Bankers' Remuneration Reform: Significant Flexibility Unlocked

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The PRA and FCA have finalised major reforms to the UK bankers’ remuneration regime, unlocking significant flexibility for banks from 16 October 2025, while reinforcing individual accountability....more

Latham & Watkins LLP

UK Regulators Finalise Updates to Bank Remuneration Rules

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The regulators have tweaked the final rules in places to grant more flexibility to firms. On 15 October 2025, the PRA and the FCA published their joint Policy Statement on reform of the remuneration rules for banks (PRA...more

A&O Shearman

UK PRA Issues Dear CFO Letter on IFRS 9 Expected Credit Losses

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The UK Prudential Regulation Authority (PRA) has published a Dear CFO letter to selected deposit-takers providing thematic feedback from its review of written reports from auditors of UK-headquartered banks and building...more

A&O Shearman

BoE Consults on Partial Revocation of UK Technical Standards on Resolution Reporting

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The Bank of England (BoE) has published a consultation paper proposing the partial revocation of the UK Technical Standard (UKTS) 2018/1624 on resolution reporting, specifically relating to COREP13 templates. The proposal...more

A&O Shearman

UK PRA Consults on Reducing Bank Reporting Templates

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The UK Prudential Regulation Authority (PRA) has published a consultation paper CP21/25, proposing changes to streamline regulatory reporting for banks as part of its Future Banking Data project. The proposals include: (i)...more

A&O Shearman

UK PRA publishes discussion paper on proposed reforms to IRB approach for residential mortgages

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The UK Prudential Regulation Authority (PRA) has published discussion paper DP1/25 inviting views on potential reforms to the internal ratings based (IRB) approach to credit risk for residential mortgage exposures. The PRA...more

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