In January 2015, the UK Prudential Regulation Authority (PRA) published a consultation paper that contained proposals on its Pillar 2 policy. The purpose of the proposals was to enhance the transparency and accountability of the PRA’s approach to setting Pillar 2 capital requirements while at the same time ensuring that the approach is applied in a consistent and proportionate way across the population of relevant firms. In July 2015, the PRA published its feedback statement, supervisory statements and statement of policy alongside its reporting instrument. The changes that have been made in response to the feedback seek to further enhance proportionality, for example by clarifying the role of supervisory judgment, own capital assessments and the published supervisory methodologies in dealing with specific business models.