23 Apr 2026
CP5/26: modernising the liquidity policy framework
The PRA’s revised reforms through CP5/26 marks a shift from meeting liquidity ratios to proving operational readiness.
Preparing building societies for what’s next
At Forvis Mazars we collaborate with Building Societies clients and Regulators to build confidence, trust and prepare you for what’s next.
Thanks to our sector expertise, we help building societies navigate regulatory change, technological transformation, evolving consumer behaviour and the transition to a lower‑carbon economy. By working across the full banking and mortgage lending value chain, we help building societies remain resilient, compliant and well positioned for the future.
23 Apr 2026
Basel 3.1: changes to Pillar 2A
The Prudential Regulation Authority (PRA) published consultation paper CP12/25 in May 2025 as the first phase of a two-stage overhaul of Pillar 2A methodologies, with final rules published in January 2026.
Key updates for banks & insurers with SS 5/25
Our experts are hosting a webinar covering everything you need to know following the release of the new Supervisory Statement (SS) 5/25.
15 Dec 2025
Climate risk management expectations with SS 5/25
On 3 December 2025, the Prudential Regulation Authority (PRA) published its Policy Statement (PS) 25/25[1] alongside Supervisory Statement (SS) 5/25[2].
12 Jan 2026
Preparing for the Declaration under Provision 29
In 2024, the Financial Reporting Council (FRC) revised the UK Corporate Governance Code (the “new Code”). While this is mandatory for UK-listed companies, building societies are encouraged to disclose their corporate governance arrangements in their annual reports, although they are not subject to specific statutory requirements.
16 Dec 2025
Top 10 Risks for Financial Services Firms in 2026
As financial services firms navigate an increasingly complex global landscape, 2026 presents a convergence of geopolitical, technological, regulatory, and environmental risks. These risks are not only intensifying individually but also becoming more interconnected – this is amplifying their impact and complicating mitigation strategies.
Climate risk management
We support banks, (re)insurers, building societies and other PRA-regulated firms in addressing climate risk in their risk management frameworks, from setting the right governance, coming up with a climate-resilient strategy, enforcing their risk management, and reporting on climate risk. Our analysis solutions provide support to financial services companies in climate risk evaluation, climate stress...
Prudential support
Change is the only constant in the regulatory landscape today. The industry is responding to regulatory reforms daily. Some of these reforms require firmwide changes; and materially impact firms’ strategies, business models, risk management and internal processes. We help clients embrace regulatory change and reduce their exposure to regulatory risk.
Internal audit
Protect your strategic vision through a dynamic approach to internal audit
Tax
Tax legislation is evolving rapidly, presenting complex challenges for UK and international businesses as well as individuals managing significant personal wealth. Navigating this shifting landscape requires strategic planning to ensure compliance, preserve assets, and optimise tax positions across jurisdictions.
Audit & assurance
Independence and rigour that provides confidence and transparency for stakeholders and society.
C-suite barometer
Our annual C-suite barometer gathers the views of 3,000+ leading executives from all over the world.
Financial services
With a growing financial services practice, our team delivers tailored professional services to our asset management, banking and capital markets, insurance and real estate clients.
Financial services insights
Expert insights surrounding the financial services sector.
Banking and capital markets insights
Read our latest banking and capital markets insights.
Key contacts
David Allen Partner - Audit & Assurance - Leeds
Naveed Arshad Director - Risk Consulting - Manchester
Michael Davidson Partner - Audit & Assurance - Leeds
Pierre-Alexandre Germont Director – Global Climate Risk Lead - London
Paul Hamalainen Director - RegCentre-Sustainability & Prudential - London
Faraaz Memon Leeds
Martin Orme London
Oliver Phillips Associate Director - Banking Risk Consulting - London
