Prudential Regulation Course

Prudential Regulation applies to firms in financial services. Prudence is vital to the ethical and moral framework surrounding healthy financial systems. In finance, imprudence can bring economies to the point of collapse.

Prudence refers to taking care when making decisions or spending money to avoid unnecessary risks. In accounting, prudence means not overstating assets and profits or understating losses in a company's accounts.

Our Prudential Regulation Training Course explains the prudential standards for financial services firms in the UK.

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Prudential Regulation

About this Course

This SCORM-compatible course is part of our FCA Compliance Library.

The library is available in the Skillcast Standard plan for larger companies or Skillcast Basic plan for those with under 50 learners.

Learning Objectives

This course will prepare your employees to:

  • Understand the meaning of 'prudence' and 'prudential'
  • Recognise the importance of prudential regulation in financial services
  • Understand the regulatory framework that underpins prudential regulation in the UK
  • Be familiar with the location and structure of the UK's prudential regulations covering financial services

Latest Course Updates

  • Course redesigned with a more modern feel
  • Full review conducted by an FCA expert
  • Text & image updates throughout the course

Course Outline


What is prudence?

- Example: Prudence at a personal level
- Example: Prudence in a commercial organisation
- You make the call: Is it prudent?

The nature of financial services

- Prudence in banking
- Prudence in commercial financing
- Prudence in mortgages
- Prudence in insurance
- The business of banking
- Risks in the financial services business
- The need for prudence in financial services
- Consequences of imprudence

Prudential regulation of financial services

- A brief history of financial services regulation in the UK
- Prudential Regulation Authority (PRA)
- Financial Conduct Authority (FCA)
- You make the call: Who's your regulator?
- PRA Rulebook
- The FCA Handbook
- Prudential Standards


- Capital resource requirement
- Principles underlying the definition of capital resources
- GENPRU systems & controls

Capital requirements directive

- Scenario: Pillar 3 Disclosure


- Solvency II
- Scenario: INSPRU & Solvency II


- Exercise: ICARA
- Scenario & exercise: MIPRU
- Profession Indemnity Insurance (PII)




Course Specifications



Approximately 45-minute long e-learning course followed by a 10-question assessment.



Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.



SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.



All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.



Fully customisable on Skillcast Portal CMS.



Pre-translated versions not available, but all text content can be exported for translation into all languages.



Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

FCA Courses Library

Our FCA Course library of over 60 training modules covers everything from high-level and conduct of business standards to thematic topics, including treating customers fairly.

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