On 19 June 2014, the Prudential Regulation Authority (“PRA”) published a revised version of its Approach to Banking Supervision. The PRA published the first version in April 2013 when it began to prudentially regulate banks and certain investment firms. The revised version incorporates new rules, objectives and approach of the PRA, including its Fundamental Rules (which replace the Principles of Business), the resolvability regime, powers to address failings in culture and amendments to the liquidity assets requirements.

The document is available at: http://www.bankofengland.co.uk/publications/Documents/praapproach/bankingap pr1406.pdf.