Bank of England consults on deleting 37 PRA bank reporting templates, six resolution templates and Form BN statistical collection

The Bank of England has launched a set of consultations to streamline regulatory and statistical reporting, including a Prudential Regulation Authority (PRA) proposal to delete 37 bank reporting templates as the first deliverable of its Future Banking Data project. The PRA’s targeted deletions focus mainly on financial reporting templates inherited from European Union requirements and are intended to remove overlapping or complex returns where the data are no longer needed for supervisory purposes or are already available elsewhere, with estimated industry savings of GBP 26 million annually. The Future Banking Data consultation runs to 22 October 2025 and is intended to support implementation on 1 January 2026; templates cited include reporting on financial assets at amortised cost, performing and non-performing exposures, and movements in credit loss allowances and provisions. In parallel, the Bank of England as the UK resolution authority is consulting on deleting six resolution-related reporting templates, with responses due by 21 November 2025 and a later implementation date than the PRA’s proposed changes, while the Bank’s Statistical Reporting team is consulting on discontinuing the collection and publication of Form BN, closing on 31 December 2025. The PRA also signalled that it will publish a Discussion Paper later in 2025 setting out reporting principles to support further incremental changes over coming years.