The Prudential Regulation Authority’s approach to cost benefit analysis

Statement of Policy 14/24 Published on 29 April 2026

CBA is an integral part of good policymaking. Supported by the CBA Panel, CBA enhances the transparency of the PRA’s policymaking and its accountability and helps the PRA make better policies.

The PRA’s statement of policy (SoP) on CBA sets out the PRA’s approach. It incorporates feedback from the CBA Panel and members of the public. This SoP was first published on 12 December 2024 and, after welcoming and considering feedback from members of the public, an updated version was published on 29 April 2026. The PRA received a single response to its call for feedback from the Association of British Insurers.

The Bank has also published the Bank’s Approach to CBA which sets out how the Bank will conduct CBA on rules in relation to financial market infrastructure (FMI) regulation.

Current version

Effective from 29 April 2026

SoP14/24 – The Prudential Regulation Authority’s approach to cost benefit analysis – April 2026

Past version

Published 12 December 2024 (superseded on 29 April 2026)

SoP14/24 – The Prudential Regulation Authority’s approach to cost benefit analysis – December 2024

Prudential Regulation // Supervisory statement 14 October 2026 Prudential Regulation // Policy statement 14 October 2026 Prudential Regulation // Consultation paper 07 October 2026 Prudential Regulation // PRA Regulatory Digest 01 October 2026 View more Other prudential regulation releases

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