DevelopingEconomy
Bank of England's PRA proposes tying 128 regulatory thresholds to UK GDP
The PRA is consulting on automatic, GDP-linked increases to 128 regulatory thresholds.
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Banking
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Where things stand
- DevelopingBank of England's PRA proposes tying 128 regulatory thresholds to UK GDP
The PRA is consulting on automatic, GDP-linked increases to 128 regulatory thresholds.
Key facts
- The PRA proposed that 128 regulatory thresholds for banks, insurers and credit unions should rise automatically with nominal GDP. Bank of England
- The first automatic increase would take effect on 1 July 2031, with further increases every five years. Bank of England
- Existing thresholds would not get a one-off catch-up increase. The PRA says it is not proposing a blanket, backdated uplift; indexation would start from a single fixed base year of 2026. Bank of England
Timeline
- The PRA proposed that 128 regulatory thresholds for banks, insurers and credit unions should rise automatically with nominal GDP. Bank of England
- The Bank of England took a similar approach for the total-assets thresholds in its MREL policy, published on 15 July 2025, with updates every three years and the first due in the first half of 2028. Bank of England, Bank of England