How often do I need to submit PRA Liquidity reports?

Standard reporting is monthly within 10 working days of month-end. However, during stress periods, firms must be capable of daily (T+1) reporting of approximately 150 key data points. This requires a quick and slick reporting process.

What's the current status of the PRA consultation process?

The Bank of England's consultation period has closed, and the final policy statement (<a class='underline' href='https://www.bankofengland.co.uk/prudential-regulation/publication/2025/september/closing-liquidity-reporting-gaps-and-streamlining-standard-formula-reporting-policy-statement' target='_blank' rel='noopener'>PS15/25 - Closing liquidity reporting gaps and streamlining Standard Formula reporting</a>) was published on 30 September 2025. The implementation date has been moved to 30 September 2026, giving firms more time to prepare their reporting solutions.

Limited early access preview

Get Ahead of PRA Liquidity Compliance

Q: What technical format is required for PRA Liquidity reports?

Reports must be submitted in XBRL format, as output by Olive Octagon's PRA Liquidity reporting tool, using the Bank of England Insurance Liquidity XBRL Taxonomy. The reporting comprises four templates with approximately 3,000 data fields in total, making specialised software essential for compliance.

Review the draft Liquidity reporting templates and generate a fully compliant XBRL file in a few clicks. Join the financial firms already benefiting from the power and simplicity of Olive Octagon.

1 Download templates

Complete

2 Fill in data

Complete

3 Run validations

In Progress

4 Verify report

Pending

Overall Progress 75%

Technical Capabilities

PRA Liquidity Reporting with Olive Octagon is a straightforward and easy-to-use workflow built by experts in regulatory reporting to help companies effortlessly comply with the Bank of England's new Liquidity reporting requirements for insurers.

Excel-Based Workflow

Continue using familiar Excel spreadsheets — our software converts a simple spreadsheet into a fully validated PRA Liquidity report in seconds.

Regulatory Compliance

Liquidity reports are generated in the XBRL-XML format expected by the PRA's BEEDS collection system.

Private & Secure

Our software runs directly in your browser; no data ever leaves your machine. Your sensitive information remains safe and private.

Comprehensive Support

From getting set up, to those last-minute adjustments—our support team are on-hand to help make compliance as easy as possible.

Lightning Fast

No more waiting around. All Olive Octagon software is designed to run in seconds, not hours or even minutes.

Validation Testing

Automatically run validation tests before you submit your file, allowing you to catch potential issues early.

Transparent Pricing

We currently have a single pricing tier for organisations who want to try out the software before the first reporting period

EARLY ACCESS

PRO

£0

Complete PRA Liquidity reporting solution

Free until first reporting period
Unlimited PRA Liquidity report generation for a single reporting entity
Unlimited user accounts
Downloadable Excel template library
Detailed validation report
Priority support
Email notifications
Advanced XBRL verification
Dedicated account manager

Application Overview

Intuitive design built for quick and easy reporting

Screenshot of the PRA Liquidity workflow home screen

Easy-to-use guided approach

When you access our PRA Liquidity reporting tool through your browser, you're presented with a very easy to follow workflow to get you from start to finish. If you can book a flight, you can use our software.

Screenshot of a PRA Liquidity template file open in Excel

Familiar Excel workflow

After downloading the template file, it's over to Excel to fill in your data. The template file is a native Excel file and can easily be completed using either an installed version of Excel or by using Excel in the browser. The template file should look familiar because we've deliberately made it look as close as possible to what the regulator publishes.

Validate and convert

To run validations on your completed template file and convert it to the final XBRL output file, you simply upload the template file into your browser and press the relevant button.

Frequently Asked Questions

PRA Liquidity reporting is a new regulatory requirement by the UK's Prudential Regulation Authority to enhance supervision of liquidity risks in insurance companies. It was introduced following market crises like the September 2022 LDI crisis and March 2020 'dash for cash', where the PRA identified gaps in firms' ability to provide timely, accurate liquidity data during stress periods.

The requirements apply to UK insurers with significant liquidity risk exposure: those with assets exceeding £20 billion on average over three quarterly periods AND either derivatives contracts over £10 billion OR securities lending/repo agreements over £1 billion. Approximately nine large UK insurers are expected to meet these thresholds.

The PRA has set the first reporting date as 30 September 2026, giving firms a year to implement their reporting solutions before the go-live date.

Standard reporting is monthly within 10 working days of month-end. However, during stress periods, firms must be capable of daily (T+1) reporting of approximately 150 key data points. This requires a quick and slick reporting process.

Reports must be submitted in XBRL format, as output by Olive Octagon's PRA Liquidity reporting tool, using the Bank of England Insurance Liquidity XBRL Taxonomy. The reporting comprises four templates with approximately 3,000 data fields in total, making specialised software essential for compliance.

Specialised software reduces reporting cycle times, ensures XBRL validation accuracy, and decreases the risk of non-compliance with the new daily T+1 reporting requirements. Olive Octagon's solution converts Excel spreadsheets into validated XBRL reports in seconds.

Absolutely. Our solution runs directly in your browser, ensuring that your sensitive liquidity data never leaves your machine. This approach maintains the highest levels of data security and privacy while meeting regulatory requirements.

Yes, you can use Olive Octagon's PRA Liquidity reporting tool for free during early access to test your entire reporting workflow. We recommend scheduling a demonstration to discuss your specific requirements and ensure readiness for the 2026 implementation.

The Bank of England's consultation period has closed, and the final policy statement (PS15/25 - Closing liquidity reporting gaps and streamlining Standard Formula reporting) was published on 30 September 2025. The implementation date has been moved to 30 September 2026, giving firms more time to prepare their reporting solutions.

More detail on PRA Liquidity XBRL reporting

We have a news article that gives a good introduction to PRA Liquidity reporting. In addition to this, here are some key snippets of latest PRA Liquidity reporting news.

Reporting Taxonomy

The draft taxonomy currently released is the Bank of England Insurance Liquidity XBRL Taxonomy PWD.

At the moment this is a standalone taxonomy for PRA Liquidity reporting, but we imagine this will be merged in to the main Solvency UK taxonomy.

Consultation

The consultation on reporting officially closed on 30 April 2025. You can read our response to the consultation here.

The final policy statement (PS15/25 - Closing liquidity reporting gaps and streamlining Standard Formula reporting) was published on 30 September 2025.

Go Live

On 30 September 2025, the Bank of England issued PS15/25 which sets the first reporting date as 30 September 2026.

Get Ready for PRA Liquidity Reporting

Schedule a personalised demo with our experts now

Ready to Get Started?

Schedule a consultation to discuss your regulatory reporting requirements