PRA: PS 6/25: International firms – updates to SS5/21 and Branch reporting
Further to CP11/24, PRA has published feedback, final rules and policy. PRA highlights that it has increased the existing £100m and £500m thresholds around FSCS-covered deposits by 30% and introduced a new indicative threshold of £300m of total retail and small business instant access deposits. Beyond this, international banks are generally expected to operate in the UK as subsidiaries rather than branches. The new policy updating SS5/21 takes effect on 20 May 2025. With regard to changes to branch reporting, the new policy updating SS34/15, reporting guidance for the Branch Return Form, and updated branch reporting rules take effect from 1 March 2026. With regard to booking arrangements, the relevant firms should undertake a self-assessment against the revised expectations to a timeline that they agree with their PRA supervisory contact.
Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
See allPRA: PS10/26: Amendments to Resolution Assessment threshold and Recovery Plans review frequency
Further to CP14/25, this PS provides feedback and final policy. The policy in this PS will take effect on 1 April 2026.
HMT: Joint EU-UK Financial Regulatory Forum
HMT has published a note of the meeting held on 11 March 2026. Topics included: policy and macroeconomic/financial stability outlooks; banking; digital finance; markets reform, and sustainable finance.
PRA: Speech by Vicky White: Data as a dialogue
Text of Vicky White’s speech of 12 March 2026 follows in which she discusses data collected from banks by PRA and how this feeds in to supervisory decisions, risk assessment, and policy.
BoE: Speech by Andrew Bailey: Reforming cross-border payments
Text of Andrew Bailey’s speech of 12 March 2026 follows in which he discusses progress on the G20 Cross-border Payments Roadmap.
FCA: UK MiFID transparency calculations
FCA has updated its webpage with the latest results of the annual transparency calculations for equity and equity-like instruments for the UK.