First published on 22 April 2025
This Supervisory Statement sets out the Prudential Regulation Authority’s (PRA) expectations around firms undertaking step-in risk assessments. This statement should be read in conjunction with the requirements in the Step-in Risk Part of the PRA Rulebook and the high-level expectations outlined in the PRA’s approach to banking supervision. This statement also provides links to the reporting guidance by which firms should complete the step-in risk data items required under PRA rules.
The areas covered by this Supervisory Statement include:
- Indicators of step-in risk;
- Potential responses to step-in risk;
- Step-in risk policies;
- Illustrative entity categories; and
- Guidelines for completing templates for reporting the step-in risk assessment (SI0, SI1 and SI2)
Supervisory statement 1/25