PRA: Solvency II update
09 May 2025
United Kingdom
1 min read
Following its decision to delay the implementation of Basel 3.1, PRA has reconsidered the timeline to finalise the policies consulted on in CP13/24 and now intends to publish final policy relating to its credit quality steps mapping proposals in a PS in H2 2025. PRA expects to implement final policy for insurance-related credit quality steps mapping no earlier than 1 January 2026.