Regulatory Alerts2026-01-15
Added · Updated
PRA to streamline supervision as part of 2026 priorities
The Prudential Regulation Authority (PRA) has outlined its 2026 priorities for UK banks and building societies, focusing on promoting safety and soundness, ensuring resilience, and supporting growth in an uncertain environment. Firms are expected to maintain robust risk management frameworks, enhance operational and financial resilience, improve data quality, and prepare for the implementation of Basel 3.1 or the Strong and Simple Framework. To streamline supervision and reduce regulatory burden, the PRA will transition all firms to a two-year Periodic Summary Meeting (PSM) cycle and accelerate timelines for various regulatory applications.
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