Prudential regulation

In this section

Who are we?

What do we do?

Policy and tools

Prudential and Resolution Policy Index

We are the Prudential Regulation Authority

As part of the Bank of England, we are responsible for the prudential regulation and supervision of around 1,330 banks, building societies, credit unions, insurers and major investment firms. Find out which firms we regulate.

We create policy for the firms we regulate to follow, enacted through the PRA Rulebook. Our rules require financial firms to maintain sufficient capital and have adequate risk controls in place.

We also supervise firms, to ensure 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.

Our four objectives:

External links

Maintain and build on the safety and soundness of the banking and insurance sectors and ensure continuing resilience

Be at the forefront of identifying new and emerging risks, and developing international policy

Support competitive and dynamic markets, alongside facilitating international competitiveness and growth, in the sectors that we regulate

Run an inclusive, efficient, and modern regulator within the central bank

Find out more about what we do

PRA CP15/24 – Proposed changes to the UK Insurance Special Purpose Vehicles (UK ISPV) regulatory framework virtual roundtable held on 22 January 2025

Update: The PRA held an industry roundtable on 22 January 2025 in respect of CP15/24 – Proposed changes to the UK Insurance Special Purpose Vehicles (UK ISPV) regulatory framework. The purpose of the roundtable was for the PRA to gather stakeholder views on key thematic issues relating to CP15/24, and to provide stakeholders (where possible) more clarity on policy proposals to assist with providing any planned responses to the consultation. View the presentation slides and a summary of the event.

26 November 2024 – CP16/24 – Remuneration reform
Closes 13 March 2025

13 December 2024 – CP17/24 – Operational resilience: Operational incident and outsourcing and third-party reporting
Closes 13 March 2025

11 December 2024 - CP19/24 – Closing liquidity reporting gaps and streamlining Standard Formula reporting
Closes 31 March 2025
- Show all consultations
20 February 2025 – PS3/25 – The Prudential Regulation Authority’s approach to policy

12 February 2025 – PS2/25 – Streamlining firm-specific capital communications

7 January 2025 – PS1/25 – Resolution assessments: Amendments to reporting and disclosure dates

18 December 2024 – PS20/24 – Solvent exit planning for insurers

12 December 2024 – Statement of policy – The Prudential Regulation Authority’s approach to cost benefit analysis
- Show all policy
30 January 2025: We published the PRA Climate Change Adaptation Report 2025

21 January 2025: We published a letter from Rebecca Jackson and Alison Scott on the PRA’s 2025 priorities for international banks, and a letter from Charlotte Gerken and Laura Wallis on the PRA’s 2025 priorities for UK deposit takers.

20 January 2025: We responded to the Prime Minister's letter concerning regulation and sustainable economic growth.

10 January 2025: We published a Cost Benefit Analysis Panel Annual Report 2024.

9 January 2025: We published a letter from Gareth Truran and Shoib Khan on the PRA’s 2025 priorities for insurance supervision.

Sign up for latest updates

More PRA publications

Subject to any transitional relief, PRA supervisory statements and PRA statements of policy applicable before 11pm Thursday 31 December 2020 should be read in conjunction with Supervisory Statement (SS) 1/19. This sets out how we expect firms to interpret EU-based references in non-binding PRA regulatory and supervisory materials after the UK’s withdrawal from the EU and the end of the transition period.

Information on other PRA publications can be found using the link below.

Prudential regulation publications

For a more in-depth look at our key regulatory news and publications for month, read our latest Regulatory Digest.

PRA Regulatory Digest

Our latest reports

Our annual report sets out our work on our strategic goals and statutory obligations and our business plan sets out our strategy, workplan and budget.