Article ID: 993c4d887d93985dfeb712b08a050f70a10e54cc15ccfe94382f6da2c0107662
Source ID: regulatory:bankofengland.co.uk
Published At: 02-02-26 10:00:00
Extraction Method: trafilatura
URL: https://www.bankofengland.co.uk/prudential-regulation/regulatory-digest/2026/january-2026
Body Text
Top news and publications - CP1/26 – Financial Services Compensation Scheme – Management Expenses Levy Limit (MELL) 2026/27 - PS1/26 – Implementation of Basel 3.1: Final rules - PS2/26 – Retiring the refined methodology to Pillar 2A – final - PS3/26 – Restatement of CRR requirements – 2027 implementation – final - PS4/26 – The Strong and Simple Framework: The simplified capital regime for Small Domestic Deposit Takers (SDDTs) – final - Letter from Gareth Truran and Shoib Khan – Insurance Supervision: 2026 priorities - Letter from Charlotte Gerken and Laura Wallis – UK Deposit Takers Supervision: 2026 priorities - Letter from Rebecca Jackson and Alison Scott – International Banks Supervision: 2026 priorities Cross cutting publications CP1/26 – Financial Services Compensation Scheme – Management Expenses Levy Limit (MELL) 2026/27 13 January 2026 In this consultation paper (CP), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) set out the proposal for the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme (FSCS) for 2026/27. The MELL covers the FSCS’ costs of operating the UK’s statutory compensation scheme. This CP is supported by the FSCS’ publication of its Budget Update for 2026/27. Banking publications and updates Future Banking Data: November CFO roundtable summary 7 January 2026 On 12 November 2025 the PRA hosted a roundtable meeting with Chief Financial Officers (CFOs) of systemically important firms operating in the UK, to discuss Future Banking Data (FBD). Letter from Charlotte Gerken and Laura Wallis – UK Deposit Takers Supervision: 2026 priorities 15 January 2026 Letter to Chief Executive Officers of PRA regulated UK deposit takers. Letter from Rebecca Jackson and Alison Scott – International Banks Supervision: 2026 priorities 15 January 2026 Letter to Chief Executive Officers of PRA regulated international banks active in the UK. PS1/26 – Implementation of Basel 3.1: Final rules 20 January 2026 This PRA policy statement (PS) provides the final PRA Rulebook rule instruments, supervisory statements (SSs), statements of policy (SoPs), and disclosure and reporting templates and instructions relating to the Basel 3.1 standards. These policy documents are set out in the appendices to this PS. PS2/26 – Retiring the refined methodology to Pillar 2A – final 20 January 2026 This PRA PS provides the final policy to retire the refined methodology to Pillar 2A which was published as near-final in PS18/25 – Retiring the refined methodology to Pillar 2A – near-final. PS3/26 – Restatement of CRR requirements – 2027 implementation – final 20 January 2026 This PRA PS provides the final policy to restate the remaining relevant provisions in the Capital Requirements Regulation (CRR) within the PRA Rulebook and other policy material such as SSs or SoPs, and amendments to the PRA’s policy regarding ECAI mapping. These were published as near-final in PS19/25 – Restatement of CRR requirements – 2027 implementation – near-final. PS4/26 – The Strong and Simple Framework: The simplified capital regime for Small Domestic Deposit Takers (SDDTs) – final 20 January 2026 This PRA PS provides the final policy for the simplified capital regime and additional liquidity simplifications for Small Domestic Deposit Takers (SDDTs) and SDDT consolidation entities, which was published as near-final in PS20/25 – The Strong and Simple Framework: The simplified capital regime for Small Domestic Deposit Takers (SDDTs) – near final. Insurance publication and updates Berne Financial Services Agreement (BFSA) Operational Direction and Guidelines for UK Insurers’ Section IV Notifications 1 January 2026 The Berne Financial Services Agreement is a mutual recognition agreement between the UK and Switzerland, effective from 1 January 2026. This agreement enhances cross-border market access for financial services between the two countries. Letter from Gareth Truran and Shoib Khan – Insurance Supervision: 2026 priorities 15 January 2026 Letter to Chief Executive Officers of PRA-regulated Insurance firms. More information Bank Underground – a blog for Bank of England staff to share views that challenge – or support – prevailing policy orthodoxies. The views expressed here are those of the authors, and are not necessarily those of the Bank of England or its policy committees. Bank Insights – our internal analysis on important and topical issues Explainers – from interest rates and inflation through to bank failures and financial crises, Explainers uses everyday examples and engaging visuals to bring economics to life. European and International developments – readers are referred to the following websites:
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