The PRA Branch Return is the half-yearly return through which a UK branch of a non-UK bank tells the Prudential Regulation Authority what it is doing in the United Kingdom. From the 30 June 2026 reference date, in-scope firms complete a revised version of the form (template version 1.2), the product of policy statement PS6/25,…
On 15 September 2026 the Bank of England published Statistical Notice 2026/08, changing the criteria that decide which banks and building societies file the Balance Sheet return, Form BT, each month instead of once a quarter. The change is narrow on paper and material in the reporting calendar: a firm that files Form BT monthly…
Firms in scope of Chapter 18 of the PRA Rulebook must submit the Remuneration High Earners Report annually. The report is due to the PRA within four months of the firm’s accounting reference date and, under Rules 18.4 and 18.5, covers high earners who mainly undertook their professional activities within the UK; Rule 18.6 reports…
On 23 March 2026 the Basel Committee on Banking Supervision finalised a technical amendment to the standardised approach to operational risk, and paired it with a new answer to a market risk frequently asked question. Both changes work at the definitional level, touching the plumbing beneath the numbers: how a single accounting line maps into…
A trading desk that loses internal model treatment can face an immediate change in market risk capital. Under the PRA Basel 3.1 market risk rules, a desk that fails the model tests falls back to the standardised approach, and for many portfolios the standardised number is materially higher than the model number the desk was…