Featured Insights

Katalysys appointed to Lot T of PRA/FCA Consultancy and Skilled Person Framework

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.

UK Basel 3.1: Overview of the final rules

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.

SS 5/25: Approaches to managing climate related risks

The Prudential Regulation Authority (PRA) has published its final Policy Statement PS25/25 and SS 5/25 on climate-related financial risks on 3 December 2025.

We have broken down the Supervisory Statement into a set of 41 expectations that non-systemic banks will need to proportionately consider.

Nathaniel Gehrke 26/10/2026 Nathaniel Gehrke 26/10/2026

PRA’s 2026 Dear CFO Letter: New Findings and Evolving Expectations for IFRS 9 ECL

On 30 September 2026, the Prudential Regulation Authority (PRA) published a Dear CFO letter on IFRS 9 expected credit losses (ECL), setting out findings from its review of auditor reports covering major UK-headquartered banks and building societies. Building on its 2024 and 2025 reviews, the letter highlights areas for improvement in climate-related ECL assessments, ECL data governance, model risk management, the ongoing monitoring of securitisation-related credit protection, and the identification and assessment of private-market credit exposures.