Prudential requirements for banks and mutual societies

This Overview is a guide to the Financial Services content within the prudential requirements for banks and mutual societies subtopic, with links to the appropriate materials.

What is prudential regulation?

Prudential regulation relates to requirements for firms to hold certain amounts of capital,

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Financial Services News

ESAs publish evaluation report on EU Securitisation Regulation

The Joint Committee of the three European Supervisory Authorities (the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority—ESAs)has published an evaluation report on the EU Securitisation Regulation (Regulation (EU) 2017/2402—SECR). The report offers recommendations to enhance the effectiveness of Europe's securitisation framework, ensuring investor protection and financial stability. These recommendations will inform the European Commission’s review of the securitisation legislative framework, aiming to foster resilient and transparent securitisation markets in the EU.

OFSI extends bond restructuring licence and amends legal services provisions

The Office of Financial Sanctions Implementation (OFSI) announced two licence updates. General Licence INT/2023/2824812 covering bond amendments and restructurings for non-designated persons has been extended until 27 March 2026. OFSI also amended General Licence INT/2024/5334756 to clarify that legal services include dispute resolution activities and that ownership/control criteria apply only to companies under the designated person definition.

OFSI issues General Licence INT/2025/5787748

The Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2025/5787748 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855 and Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019, SI 2019/600. This General Licence allows payments to be made to Arbitration Associations and Arbitrators to cover fees and expenses for their arbitration services. It also permits payments to be made to a designated person’s representative or legal representative to cover Arbitration Costs. General Licence INT/2022/1552576 relating to the London Court of International Arbitration (LCIA) Arbitration Costs was revoked following the issuance of the new Arbitration Costs General Licence.

FCA launches unified portal for regulatory reporting and fees

The Financial Conduct Authority (FCA) has launched ‘My FCA’, a new unified portal for regulatory reporting tasks. The system consolidates three previously separate systems into a single sign-in platform for submitting regulatory data and paying fees. The portal forms part of the Transforming Data Collection programme, a joint initiative between the FCA and Bank of England (BoE) aimed at streamlining regulatory reporting processes.

View Financial Services by content type :

News