Author: Premlata Fagan

PRA clarifies approach to international banks branch & subsidiary supervision and branch reporting

Having consulted on proposed updates to its supervisory statement (SS5/21) on its approach to international banks and subsidiary supervision in July 2024, the PRA has today (20 May 2025) issued its final policy statement (PS6/25) and an updated version of SS5/21.  This includes key changes on approach to branch risk appetite, booking models and liquidity reporting. The new policy is effective immediately, with the exception of the changes to the material relating to branch reporting which take effect from 1 March 2026.  

Read on for details of the key changes made by PS6/25: