The PRA sets out an ambitious agenda

The PRA published its 2022/23 Business Plan on 20 April 2022, setting out an ambitious agenda of regulatory and supervisory initiatives for the banking and insurance sectors. The PRA is planning significant changes to prudential requirements for banks and insurers, and will be looking to further embed its supervisory expectations in relation to areas such as firms’ management of operational and climate-change related risks.

Download this Hot Topic to see a detailed analysis of the Business Plan and what it means for firms.