On 28 April 2026, the Bank of England published a speech by Charlotte Gerken (Executive Director, UK Deposit Takers Supervision) entitled Maintaining momentum: progress in mutual supervision.
In this speech Charlotte Gerken discusses the Prudential Regulation Authority’s (PRA) regulatory and supervisory changes since 2025 and outlines next steps following the PRA and Financial Conduct Authority’s Mutuals Landscape report. With steps being taken to ensure proportionate regulation, driving the sector’s long-term success depends on mutuals managing risk responsibly and supporting one another to achieve sustainable growth.