PRA publishes near-final policy statement on the ‘Strong and Simple Framework’
The PRA’s near-final policy statement (PS20/25), published on 28 October 2025, marks a significant shift for small UK banks and building societies. The ‘Strong and Simple Framework’ introduces a simplified capital and liquidity regime for Small Domestic Deposit Takers (SDDTs), aiming to reduce regulatory burden, support competition, and maintain financial resilience. The new rules, effective from 1 January 2027, align with international Basel 3.1 standards and replace the Interim Capital Regime.
Click here to read further on the framework and why this matters for SDDTs >
PRA publishes near-final policy statement on the restatement of Capital Requirements Regulation requirements for UK banks and building societies
On 28 October 2025, the PRA published its near-final policy statement (PS19/25) on the restatement of Capital Requirements Regulation (CRR) requirements, with implementation set for 1 January 2027. This development is a pivotal moment for UK banks, building societies, and investment firms, as it marks a significant step in the UK’s transition away from assimilated EU law with the PRA exercising its expanded rule-making powers.
Read here to know more on the relevant changes and implications for UK firms >
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