PRA and Bank of England launch consultations to slash filing requirements

The PRA has begun implementation of its Banking Data Review with proposals to delete 37 reporting templates from the start of 2026.

By Neasa MacErlean

Two other consultations for reducing reporting requirements have also been kick-started in a co-ordinated move by the Bank of England. In addition, the Prudential Regulation Authority announced it will launch a discussion paper later this year to underpin its approach on reporting overall.