On 27th June 2024, the Prudential Regulation Authority (“PRA”) published the ICAAP Scenarios for non-systemic UK banks, which are the supply shock scenario and the demand shock scenario. This article summarises the key factors of the scenarios and provides specific points on how small- and medium-sized banks should approach there stress testing design processes, with relation to the 2024 ICAAP Scenarios.

On April 23, 2024, the Prudential Regulation Authority (PRA) published the outcomes of a thematic review of banks' risk management practices related to private equity (PE) financing activities. This article summarises the key areas of improvement and provides specific action points that small- and medium-sized banks may consider as part of their risk management practices.

On the 15th May 2024, The Prudential Regulation Authority (“PRA”) published the outcomes of a thematic review it conducted on the recovery planning capabilities in a Dear CEO letter. This article summarises the key areas of Improvements and provides specific action points that small- and medium-sized banks may consider as part of the recovery planning process.