PRA Pillar 2A Review Phase 1: The 1 January 2027 Reset
On 28 May 2026 the Prudential Regulation Authority closed the first phase of its PRA Pillar 2A review with policy statement PS15/26. The changes it confirms come into force on Friday 1 January 2027, the same day the PRA switches on the Basel 3.1 standards, and they land in the part of the capital stack…