Most firms have moved beyond impact assessment. The hard work now is documenting judgements, configuring reporting, running credible parallel calculations and securing board confidence before 1 January 2027.

On 19 February 2026, the Prudential Regulation Authority (PRA) published Consultation Paper CP3/26, setting out proposed amendments to the PRA Rulebook to reflect the implementation of HM Treasury's (HMT) Overseas Prudential Requirements Regime (OPRR). Following consultation, the PRA published Policy Statement PS16/26 on 14 July 2026, confirming its final rules.

The PRA has published Policy Statement 15/26, concluding the first phase of a two-stage review of its Pillar 2A methodologies and supporting guidance. This article summarises the impact for firms.

Katalysys is proud to announce its appointment to the PRA/FCA Consultancy and Skilled Person Framework for Lot T (Risk and Risk Management), following a rigorous tender process.

This appointment reflects the depth and breadth of the work we have delivered for firms across complex risk and risk management matters, demonstrates our subject matter expertise, and underscores our continued commitment to regulatory excellence.

The PRA published three coordinated policy statements on 26 March 2026 (PS9/26, PS10/26, PS11/26), recalibrating the UK's resolution and recovery framework. For small and mid-tier banks, the changes bring tangible benefits, but the bar for preparedness is not falling. We summarise what's changing, what it means, and what firms should do now.

The PRA's final rules on operational incident and third-party reporting (PS7/26) take effect in March 2027. We summarise the key requirements and what firms need to prepare.

The PRA’s latest consultation (CP5/26) marks a notable evolution in the UK liquidity framework.

Rather than increasing quantitative requirements, focus is shifting toward liquidity usability and operational readiness, reflecting lessons from recent market events and the accelerating impact of digital banking on deposit behaviour.

On 20 January 2026, the PRA published PS1/26, finalising Basel 3.1 rules and related policy materials. The package largely confirms the near-final policy, with minor clarifications. This article provides an overview of the final rules. This article provides an overview of the final UK Basel 3.1 rules.

This article outlines the key changes to the calculation of Credit valuation adjustment and counterparty credit risk, as part of the Basel 3.1 final rules (PS1/26).

This article highlights the key changes to real estate exposures under the standardised approach to credit risk, as set out in the final Basel 3.1 rules (PS1/26).

This article highlights the key changes to the calculation of own funds requirement for operational risk, as set out in the final Basel 3.1 rules (PS1/26).

This article highlights the key changes to exposures to corporates under the standardised approach to credit risk, as set out in the final Basel 3.1 rules (PS1/26).

This article highlights the key changes to the retail exposure class under the standardised approach to credit risk, as set out in the final Basel 3.1 rules (PS1/26).

This article outlines the changes relating to exposures to institutions under the standardised approach of credit risk, as part of the Basel 3.1 final rules (PS1/26).

This article outlines the key changes to the calculation of market risk capital requirements as part of the Basel 3.1 final rules (PS1/26).

This article highlights the key changes to exposures and default under the standardised approach to credit risk, as set out in the final Basel 3.1 rules (PS1/26).

This article outlines the reporting changes, as set out in the final Basel 3.1 rules (PS1/26).

On 20 January 2026, the PRA published PS4/26, finalising SDDT rules and related policy materials. The package largely confirms the near-final policy, with minor clarifications. This article provides an overview of the final rules.

This article highlights the key changes to the treatment of off-balance sheet items under the standardised approach to credit risk, as set out in the final Basel 3.1 rules (PS1/26).