PRA finalises Rulebook restatement of CRR and Solvency II requirements

The PRA has published its policy statement on the changes to take effect on 1 January 2026 that will continue and in some cases finish the restatement of assimilated law into its Rulebook. The changes mainly affect:

• definition of capital (CRR);
• ECAI mapping (CRR) in terms mainly of introducing a new Part on credit risk – but also of relevance to Solvency II firms;
• expectations on securitisation supervisory expectations