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    Home > Finance > UK banking regulator proposes cutting some financial reporting templates
    Finance

    UK banking regulator proposes cutting some financial reporting templates

    Published by Global Banking and Finance Review

    Posted on September 22, 2025

    1 min read

    Last updated: January 21, 2026

    UK banking regulator proposes cutting some financial reporting templates - Finance news and analysis from Global Banking & Finance Review
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    Tags:financial reporting

    Quick Summary

    The Bank of England's PRA suggests reducing financial reporting by deleting 37 templates, with changes proposed for January 1.

    Table of Contents

    • Proposed Changes to Financial Reporting
    • Details of the Proposal
    • Consultation Timeline

    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 about UK banking regulator proposes cutting some financial reporting templates

    1What 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.

    2What 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.

    3What 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.

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