We are the Prudential Regulation Authority
As part of the Bank of England, we are responsible for the prudential regulation and supervision of around 1,292 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.
Latest news and publications
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3 April 2025 – CP6/25 – Proposed amendments to PRA Rulebook and FCA Guidance on the de minimis threshold for the Loan to Income flow limit in mortgage lending
Closes 8 May 202510 April 2025 – CP8/25 – Regulated fees and levies: Rates proposals for 2025/26
Closes 9 May 20258 April 2025 – CP7/25 – Matching Adjustment Investment Accelerator
Closes 4 June 20255 March 2025 – CP2/25 – Leverage Ratio: changes to the retail deposits threshold for application of the requirement
Closes 5 June 202519 March 2025 – CP3/25 – Recognised exchanges policy and transfer of main indices
Closes 18 June 202527 March 2025 – CP5/25 – Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251
Closes 27 June 202531 March 2025 – CP4/25 – Depositor protection
Closes 30 April 2025 and 30 June 2025 -
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14 April 2025: The eighth edition of the Regulatory Initiatives Grid was published by the Financial Services Regulatory Initiatives Forum. This follows an interim update published in October after the previous publication, due in May 2024, was postponed following the announcement of the General Election. The Grid sets out the regulatory pipeline, in order to give firms a clear view of upcoming regulatory initiatives. The Forum is comprised of the Bank of England (including the Prudential Regulation Authority), Financial Conduct Authority, Competition & Markets Authority, Payment Systems Regulator, Financial Reporting Council, Information Commissioner’s Office, The Pensions Regulator, and HM Treasury (as observer member).
10 April 2025: We published the PRA Business Plan 2025/26, setting out the PRA’s strategic priorities and strategy, workplan, and budget for the coming year.
9 April 2025: We published a letter to Chief Financial Officers to highlight practices we have observed in relation to illiquid and structured financing portfolios across regulated firms.
3 April 2025: We published the Prudential Regulation Authority’s (PRA) approach to Credit Union Service Organisations (CUSOs) and intention to consult on rule changes. This letter from Laura Wallis is to clarify the current regulatory position with respect to credit unions that hold an investment in, or are users of, CUSOs. It also outlines the PRA’s intention to consult on changes to PRA rules later this year to remove any uncertainty on the regulatory position.
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.
For a more in-depth look at our key regulatory news and publications for month, read our latest 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.
Prudential regulation news and publications
This page was last updated 11 April 2025