Prudential Regulation Authority Reduces Supervisory Meeting Frequency for Major Banks to Every Two Years

The Bank of England's Prudential Regulation Authority announced on January 15, 2026, that it will reduce the frequency of Periodic Summary Meetings for major regulated banks from an annual cycle to every two years. This shift in supervisory oversight is designed to improve operational efficiency for both the regulator and the firms it oversees, while supporting the government's objectives for economic growth and competitiveness. Sam Woods sam woods, Deputy Governor of the Bank of England, confirmed this change as part of the authority's 2026 priorities update.