The PRA’s annual report, published alongside the BoE’s, looks at the activities of the past year to support its regulatory objectives. The report includes summaries of the work on:
- Basel 3.1 implementation
- the strong and simple framework
- the bank capital stress test
- the CBEST tests
- work on financial, operational and cyber resilience
- digitalisation
- Solvency UK
- life insurance stress testing
- growth in BPA markets
- captive insurance
- the critical third parties regime
- SMCR changes
- financial risks from climate change and
- AI adoption.