GBAF Logo
Finance

UK banking regulator proposes cutting some financial reporting templates

Published by Global Banking & Finance Review

Posted on September 22, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
UK banking regulator proposes cutting some financial reporting templates
financial reporting
Global Banking & Finance Awards 2026 — Call for Entries

LONDON (Reuters) -The Bank of England's Prudential Regulation Authority proposed reducing regulatory requirements for banks by deleting 37 individual reporting templates. The PRA said on Monday it

Bank of England Proposes Reducing Financial Reporting Requirements

Proposed Changes to Financial Reporting

LONDON (Reuters) -The Bank of England's Prudential Regulation Authority proposed reducing regulatory requirements for banks by deleting 37 individual reporting templates.

Details of the Proposal

The PRA said on Monday it would consult on the proposals for a month with a goal of implementing the changes on January 1.

Consultation Timeline

(Reporting by Sarah Young, editing by William James)

Key Takeaways

  • The Bank of England's PRA proposes reducing reporting requirements.
  • 37 individual reporting templates may be deleted.
  • Consultation on proposals will last for a month.
  • Changes are aimed to be implemented by January 1.
  • The proposal seeks to streamline financial reporting.

Frequently Asked Questions

What is the Bank of England?
The Bank of England is the central bank of the United Kingdom, responsible for issuing currency, managing monetary policy, and overseeing financial stability in the UK.
What is a consultation in banking?
A consultation in banking refers to the process where regulatory bodies seek feedback from stakeholders on proposed changes to policies or regulations, allowing for public input before final decisions are made.
What is the Prudential Regulation Authority?
The Prudential Regulation Authority (PRA) is a part of the Bank of England that oversees banks, insurers, and investment firms to ensure their safety and soundness, contributing to the stability of the financial system.

Tags

Related Articles

Image for Trump tells Fox News Iran can call US if it wants to negotiate

Trump tells Fox News Iran can call US if it wants to negotiate

Image for Australia's Wong to visit Japan, China, South Korea to discuss energy security

Australia's Wong to visit Japan, China, South Korea to discuss energy security

Image for Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Image for Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Image for Russian defence minister visits North Korea

Russian defence minister visits North Korea

Image for Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says

Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says

More from Finance

Explore more articles in the Finance category

Image for Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Image for Germany's far-right AfD rises to record 28%, INSA poll shows
Germany's far-right AfD rises to record 28%, INSA poll shows
Image for German government suspects Russia of Signal attack targeting politicians, sources say
German government suspects Russia of Signal attack targeting politicians, sources say
Image for Romania finds parts of second drone after overnight Russian attack on Ukraine
Romania finds parts of second drone after overnight Russian attack on Ukraine
Image for China condemns EU's inclusion of Chinese entities in sanctions package against Russia
China condemns EU's inclusion of Chinese entities in sanctions package against Russia
Image for Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Image for Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Image for France's Macron says EU mutual assistance clause is unambiguous
France's Macron says EU mutual assistance clause is unambiguous
Image for US to let Venezuela pay Maduro's lawyer in drug trafficking case
US to let Venezuela pay Maduro's lawyer in drug trafficking case
Image for Italy votes down equal parental leave while fathers redefine their role online
Italy votes down equal parental leave while fathers redefine their role online
Image for German auto industry faces even tougher competition as China economy slows
German auto industry faces even tougher competition as China economy slows
Image for Romania says drone fragments damage property during overnight Russian attack on Ukraine
Romania says drone fragments damage property during overnight Russian attack on Ukraine
View All Finance Posts