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    Prudential Regulation Authority

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    • Tuesday, 12 September, 2023
      Metro Bank
      Metro Bank admits capital relief delayed

      UK challenger lender has spent years seeking approval to use internal models to cut charges

      Metro Bank signs outside a branch in London
    • Sunday, 27 August, 2023
      UK banks
      UK challenger banks bemoan regulator foot-dragging on model approval

      Lenders could save hundreds of millions of pounds in capital charges if the PRA consents to internal modelling

      The logos of Metro Bank, Paragon and Close Brothers
    • Sunday, 6 August, 2023
      UK financial regulation
      City of London calls on Bank of England to delay bank capital rules until mid-2025

      Bankers argue regulatory divergence would affect UK’s ability to compete with US

      Prudential Regulation Authority and Bank of England
    • Monday, 24 July, 2023
      Archegos Capital Management
      Credit Suisse fined $388mn over Archegos collapse

      US and UK regulators criticise ‘serious’ and ‘significant’ failings behind $5.5bn trading loss at defunct Swiss bank

      Credit Suisse headquarters in Zurich
    • Thursday, 15 June, 2023
      Insurance
      Bank of England warns against reliance on reinsurers for corporate pension deals

      Regulator says insurers’ increasing use of ‘funded reinsurance’ risks creating ‘systemic vulnerability’

      Pedestrians outside the Bank of England in the City of London
    • Friday, 19 May, 2023
      Revolut Ltd
      Revolut in shareholder battle with SoftBank as UK licence talks stall

      Minister to meet payment group’s bosses amid fears UK’s biggest tech group will leave the country

      Revolut has been told it must simplify its ownership to win a long-delayed banking licence
    • Tuesday, 16 May, 2023
      To BoEdly go . . . 

      PRA klings on to pop culture

    • Thursday, 4 May, 2023
      UK financial regulation
      Bank of England looks to cut City wrongdoing penalties to incentivise co-operation

      Regulator proposes early settlement discount of up to 50% to boost probes into financial sector

      Sam Woods, chief executive of the PRA, with the logo of the Bank of England on the wall behind him
    • Sunday, 16 April, 2023
      UK financial regulation
      Bank of England considers major reform of deposit guarantee scheme

      UK’s Financial Services Compensation Scheme faces review after failure of Silicon Valley Bank

      The Bank of England building in London
    • Tuesday, 4 April, 2023
      Wyelands Bank PLC
      Gupta’s Wyelands Bank censured by BoE for regulatory failings

      Lender criticised for over-reliance on companies related to steel magnate’s now struggling empire

      The Wyelands Bank homepage on a computer
    • Saturday, 11 March, 2023
      Silicon Valley Bank
      Bank of England moves to put UK arm of Silicon Valley Bank into resolution

      British arm of California-based lender applied for £1.8bn in liquidity as its parent company collapsed

      Erin Platts, chief executive of SVB UK
    • Monday, 20 February, 2023
      UK financial regulation
      PRA head tells UK insurers it is time to move on after Solvency II debate

      Firms will have an idea by year-end of how regime should operate, Sam Woods tells industry delegates

      PRA head Sam Woods
    • Friday, 10 February, 2023
      Financial & markets regulation
      Treasury in discussions to speed up Solvency II reforms

      Officials considering whether to pursue two-stage implementation of new insurance rules

      City workers walk past the Lloyds building
    • Monday, 16 January, 2023
      Bank of England
      Bank of England says shake-up of insurance rules increases risks

      Prudential Regulation Authority warns of potential hit to public purse

      Montage of Sam Woods and Prudential Regulation Authority logo
    • Monday, 16 January, 2023
      News in-depthUK financial regulation
      Insurers braced for fresh battle with UK regulators over City reforms

      Industry figures fear new regulatory powers could limit their ability to boost investment in the economy

      The Bank of England
    • Tuesday, 10 January, 2023
      UK banks
      BoE criticises UK banks’ risk management systems

      Central bank’s regulatory arm sets out priorities for 2023 in letters to chief executives

      The Bank of England
    • Tuesday, 20 December, 2022
      TSB Banking Group PLC
      TSB fined £49mn over IT outage

      Bank took 8 months to return to ‘business as usual’ after botched tech transfer, say regulators

      A TSB bank branch
    • Tuesday, 6 December, 2022
      UK financial regulation
      UK financial regulators warned to improve transparency

      Demand from Treasury for ‘world-leading’ effectiveness ahead of unveiling of ‘Edinburgh Reforms’ for City

      City minister Andrew Griffith
    • Wednesday, 30 November, 2022
      UK banks
      BoE backs strict adoption of global bank capital rules

      UK final package of Basel guidelines more restrictive than those put forward by EU

      The Bank of England building in London
    • Monday, 31 October, 2022
      UK financial regulation
      Sunak on collision course with City over ‘intervention power’

      PM to proceed with plan to give ministers the ability to overrule regulators’ decisions

      Split image of Sam Woods, chief executive of the Prudential Regulation Authority, and Nikhil Rathi, head of the Financial Conduct Authority
    • Friday, 26 August, 2022
      UK financial regulation
      HBOS managers escape regulatory action after 6-year probe

      Inquiry closed following ‘rigorous and forensic investigations’ into crisis banking scandal

    • Thursday, 18 August, 2022
      UK financial regulation
      City of London regulators to face shake-up under Truss

      Frontrunner to be UK prime minister eyes merger of FCA, PRA and PSR

      Liz Truss
    • Wednesday, 20 July, 2022
      UK financial regulation
      Insurers issue Solvency II warning as post-Brexit reforms of City unveiled

      Zahawi says new financial services bill will ensure sector ‘works in interests of British people and businesses’

      City of London and Thames-side skyline
    • Friday, 8 July, 2022
      UK financial regulation
      BoE says overhaul of insurance rules cannot be a ‘free lunch’ for sector

      Senior central bank official says changes to regulation must not put policyholders at risk

      The Bank of England
    • Friday, 1 July, 2022
      UK insurance industry
      UK ministers clash with watchdog over insurance rules shake-up

      Boris Johnson said to be ‘impatient’ with PRA regulator about caution on Solvency II overhaul

      A City of London dragon and shield marking the boundary of the Square Mile
    Previous page You are on page 1 Next page

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