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Proposed Directive on Internal Liquidity Adequacy Assessment Process

The South African Prudential Authority has issued a proposed directive for consultation regarding the Internal Liquidity Adequacy Assessment Process (ILAAP). This directive is based on Basel Committee on Banking Supervision principles for sound liquidity risk management.

Prudential Authority Circular C1-2026: Status of Bank Circulars

The Prudential Authority (PA) has issued Circular C1-2026 to confirm the status of previously issued bank circulars. This annual confirmation aims to ensure clarity for regulated entities regarding which circulars remain effective.

Prudential Authority Guidance Note Status Update

The South African Prudential Authority has issued Guidance Note 1 of 2026, updating the status of previously issued guidance notes for deposit-taking institutions. This annual note clarifies which guidance remains in effect for the upcoming year, ensuring awareness among banks, controlling companies, and their auditors.

Proposed Directive on Bank Reporting Requirements (Regulation 46)

The South African Prudential Authority has issued a proposed directive for consultation regarding reporting requirements under Regulation 46 of the Regulations relating to Banks. This directive aims to specify the Banks Act (BA) returns that require auditing or review under a limited assurance framework.

PRA Regulatory Digest - UK Financial Services Regulatory News

The PRA published its February 2026 Regulatory Digest, highlighting key financial services regulatory news and publications. This includes consultations on securitisation reforms, rule changes for overseas prudential requirements, and updates to Solvency II rules, alongside a discussion paper on future banking data.

Consultation on UK Solvency II Own Funds Rules Updates

The Bank of England's Prudential Regulation Authority (PRA) has issued a consultation paper (CP4/26) proposing updates and fixes to UK Solvency II own funds rules and expectations. The consultation seeks feedback on these proposed changes, with responses due by April 24, 2026.

PRA Statement on 2028 Life Insurance Stress Test

The Prudential Regulation Authority (PRA) has issued a statement indicating its intent to launch the next Life Insurance Stress Test (LIST) exercise in January 2028. The PRA will engage with stakeholders throughout 2026 to refine the design and methodology based on lessons learned from the 2025 exercise.

Credit Union Service Organisations Policy Statement Feedback

The Prudential Regulation Authority (PRA) has published a policy statement providing feedback on responses to its consultation regarding Credit Union Service Organisations (CUSOs). This statement includes final policy amendments to the PRA Rulebook and updates to supervisory guidance, relevant to PRA-authorised credit unions.

Policy statement on recognised exchanges and transfer of main indices

Policy statement on recognised exchanges and transfer of main indices

Block, Inc. Consent Order with NY DFS

The New York State Department of Financial Services (DFS) has entered into a consent order with Block, Inc. (formerly Square, Inc.) resolving an enforcement investigation into deficiencies in its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program and violations of consumer protection regulations. Block will pay a penalty to resolve these matters.