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Front of The Gherkin, London, with a view into office spaces

PRA makes rules on Pillar 2A review – Phase 1

The PRA has published its policy statement and final rules following its consultation on updating the Pillar 2A methodologies and guidance ahead of a fuller modernisation of its approach to Pillar 2A capital. Following consultation, the PRA has made some changes to its consultation text, mainly to provide better clarity. and has now published a new set of rules within the Reporting Pillar 2 Part of its Rulebook, reporting templates and instructions and supporting SS and SoPs, to take effect on 1 January 2027.

Michael Lewis