Firms assess PRA supervision in 2025 feedback survey

The Bank of England's Prudential Regulation Authority (PRA) conducts an annual Firm Feedback Survey to assess its supervisory effectiveness and regulatory engagement.

The 2025 survey asked regulated firms to rate their agreement with statements on a five-point scale, from 'strongly disagree' (1) to 'strongly agree' (5).

The questionnaire covered five core themes: the PRA's understanding of firms, its regulatory objectives and expectations, the firms' relationship with the PRA, coordination with other regulators and data requests, and the overall regulatory framework, rules, and policy.

Firms had the option to provide additional comments.

The survey's consistent methodology from 2021 to 2025 allows for trend analysis, providing insights into evolving perceptions of the PRA's oversight functions.

This feedback mechanism is crucial for the PRA to identify areas of strength and opportunities for improvement in its supervision of the UK financial sector.

The 2025 survey results offer a five-year comparative view, with data collected consistently since 2021.

This longitudinal analysis reveals stable trends in firms' perceptions of the PRA.

Average scores across all questions and thematic groupings have consistently remained above 3 on the five-point scale.

This indicates that firms generally 'neither agree nor disagree' or lean towards 'agree' with the PRA's statements.

This sustained level of feedback suggests a relatively consistent and neutral-to-positive perception of the PRA's supervisory activities over time.

The thematic grouping, encompassing areas from supervisory understanding to regulatory policy, allows for a nuanced interpretation of these trends, highlighting broad areas of stability in firms' engagement with the prudential regulator.