The PRA Toolkit

The PRA Toolkit is a set of guidelines and tools developed by the Prudential Regulation Authority (PRA) in the UK to help financial institutions manage risks effectively. It provides a structured approach for organizations to identify, assess, and mitigate risks related to their operations. The toolkit includes best practices, frameworks, and resources designed to ensure firms maintain stability and protect consumers by promoting sound risk management and governance. Essentially, it helps banks and financial companies operate safely and responsibly in the financial system.