PRA Expectations for Bank Recovery Plans

Bank of England Prudential Regulation

Published April 1st, 2026

Detected March 26th, 2026

Summary

The Bank of England's Prudential Regulation Authority (PRA) has updated its Supervisory Statement (SS) 9/17 on recovery planning for UK banks and other designated firms. The update, effective April 1, 2026, reflects current expectations and incorporates amendments from a related policy statement on recovery plan review frequency.

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What changed

The Prudential Regulation Authority (PRA) has issued an updated version of Supervisory Statement (SS) 9/17, effective April 1, 2026. This update revises the PRA's expectations regarding the content of recovery plans and group recovery plans for UK banks, building societies, PRA-designated investment firms, and qualifying parent undertakings. The revision follows Policy Statement PS10/26, which amended the resolution assessment threshold and the frequency of recovery plan reviews, indicating a substantive change in the regulatory approach or emphasis on these plans.

Firms subject to the PRA Rulebook's Recovery Planning Part must review and ensure their recovery plans align with these updated expectations. While the document itself is guidance, adherence is crucial for demonstrating robust risk management and financial resilience. Compliance officers should familiarize themselves with the updated SS9/17 and the related PS10/26 to ensure their firm's recovery plans meet the PRA's current standards by the effective date.

What to do next

Review updated Supervisory Statement 9/17 for changes to recovery plan content expectations.
Ensure firm's recovery plans align with the PRA's current expectations by April 1, 2026.
Consult Policy Statement PS10/26 for details on amendments to recovery plan review frequency.

Source document (simplified)

SS9/17 - Recovery planning

Supervisory Statement 9/17

First published on 11 December 2017

This supervisory statement (SS) sets out the Prudential Regulation Authority’s (PRA’s) expectations on the content of recovery plans and group recovery plans (jointly referred to as ‘recovery plans’).

The SS is relevant to UK banks, building societies, PRA-designated investment firms and qualifying parent undertakings (‘firms’) to which the Recovery Planning Part of the PRA Rulebook applies.

This SS complements and should be read in conjunction with:

the Recovery Planning Part of the PRA Rulebook;
the Commission Delegated Regulation (EU) 2016/1075;
the European Banking Authority (EBA) ‘Guidelines on the range of scenarios to be used in recovery plans’;
the EBA ‘Guidelines on the minimum list of qualitative and quantitative recovery plan indicators’; and
the EBA ‘Recommendation on the coverage of entities in a group recovery plan’. This SS reflects the PRA’s current expectations and may be revised as recovery planning becomes further embedded in firms’ risk management practices. It supersedes SS18/13 ‘Recovery planning’.