Achieving PRA regulatory compliance in six months - with a net cost saving.

The situation

A Tier 1 investment bank was in breach of its regulatory obligations to the Prudential Regulation Authority (PRA), having consistently exceeded the permitted timescales for monthly scenario reporting submissions.

The breach created significant regulatory risk and required an immediate, credible remediation plan. The root causes had not been clearly identified, and the existing team lacked the capacity to diagnose and fix the process while continuing to operate it.

The approach

A two-week rapid analysis mapped the end-to-end journey from data collection to submission - identifying the specific failure points responsible for the delays.

A low-cost “stabilise” plan was presented for immediate implementation, based entirely on people and process changes - with a net cost saving rather than additional spend. A second-stage plan covering technology changes for further improvement was provided alongside it.

The impact

• 50%
  Reduction in submission lead time from Stage 1 alone - through people and process changes, no technology required.
• 6 months
  Full PRA regulatory compliance achieved within six months of engagement start.
• Net saving
  Stabilisation plan delivered at a net cost saving - no additional spend required to achieve compliance.