Regulatory Alerts2026-01-15
PRA to streamline supervision as part of 2026 priorities
The Prudential Regulation Authority has published its 2026 supervisory priorities letter, outlining sector-specific focus areas for banks, building societies, and insurers while streamlining oversight operations. Starting 1 March, larger firms will transition to a biennial cycle for Periodic Summary Meetings and experience accelerated approval timelines for senior manager applications, new authorisations, and internal model changes. The updated framework also introduces Solvency UK, expands the Matching Adjustment Investment Accelerator for insurers, and modernises reporting through the Future Banking Data project to reduce regulatory burden and support financial sector growth.
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