Insights — Client Briefing
January 2026 — Alden Advisory
The PRA's stated priorities for the year ahead continue a multi-year emphasis on operational resilience, model risk governance, and credit risk management amid a changing rate environment. None of these are new areas of focus, but the depth of scrutiny within each has continued to increase.
Firms should expect supervisory engagement to probe further into evidenced ownership — not whether a framework exists, but whether specific individuals can demonstrate active, current oversight of the risks the framework is meant to cover.
We recommend firms use the PRA's published priorities as a structured prompt for an internal gap analysis this quarter, specifically testing whether named control owners can answer detailed, current questions about their areas — the level of specificity supervisory conversations are increasingly reaching.
This briefing reflects Alden Advisory's general commentary on a developing regulatory topic and is not legal or regulatory advice. Firms should seek specific guidance for their own circumstances.