Sector Regulation Sector Regulation

Higher bank-asset threshold proposed for UK’s simpler prudential regime

By Fiona Maxwell
  • 30 Nov 2022 12:56
  • 30 Nov 2022 12:56
Banks or building societies that have up to 20 billion pounds ($24 billion) in total assets may enter the UK’s incoming simpler prudential regime, the regulator said today as it expanded the criteria.

The Prudential Regulation Authority said it had decided to increase its previously proposed 15 billion-pound threshold to allow smaller lenders

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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