Current PBU remit

Our responsibilities include:

• Supervising a large spectrum of firms – including UK banks and building societies, insurance firms, and investment and overseas banks – at a level appropriate to the impact they have on the UK economy (in the event of their failure)
• The specialist supervision of firms’ risks including capital management, credit risk, market risk, asset and liability management, liquidity, counterparty risk, spanning all asset classes

• Leading technological change in risk analytics to enhance the research and assessment of micro-prudential risk
• Developing policy and handbook rules covering prudential standards for firms, and implementing these standards across our supervised firms dealing with liquidity, capital, accounting, operational risk and governance
• Negotiating and advising on policy for key prudential EU Directives and specific international agreements