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Our approach documents set out how we carry out our role in practice. They are designed to help regulated firms and the market understand how we supervises these institutions, and to aid accountability to the public and Parliament.
- The Prudential Regulation Authority s approach to banking ...
The PRA is proactive in its approach to the secondary...
- The Prudential Regulation Authority s approach to banking ...
The PRA is proactive in its approach to the secondary competitiveness and growth objective and looks for opportunities to advance it. PRA rule making can (i) harness the UK’s strengths as a global financial centre; (ii) maintain trust in the UK as a place to do business; and (ii) tailor regulations to UK circumstances.
Oct 15, 2024 · In July 2023, the PRA published the PRA’s approach to supervision of the banking and insurance sectors, which provided early guidance on the PRA’s interpretation of the new objective and on how the PRA would advance it.
Aug 1, 2024 · The PRA has published a consultation paper (CP11/24) to update its prior supervisory statement (SS5/21) on its approach to branch and subsidiary supervision. The update on branches was triggered by the failure of Silicon Valley Bank (SVB) UK in March 2023.
Jan 11, 2024 · Specific priorities include financial resilience, operational resilience, financial risks arising from climate change, data and regulatory reporting, and credit risk. For UKDTs, the PRA also highlights model risk and recovery and resolution.
Jun 10, 2024 · The PRA’s approach to new and growing bank supervision aims to facilitate competition, in support of its secondary competition objective. Competitive markets involve firms being able to enter and exit.
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We are publishing this now, for three main reasons: First, to set out our approach to host supervision in a holistic way. We published our approach to branches in 2018 but this publication goes further and covers the full range of authorisation options available to international banks.
