If you are a Risk or Finance leader at a UK-regulated digital bank, this playbook was built for you.
As a senior executive overseeing prudential compliance, capital adequacy, and financial reporting in a fast-moving fintech bank, you are under constant pressure to meet evolving regulatory expectations while scaling responsibly. The Prudential Regulation Authority's SS1/23 demands rigorous governance over IFRS 9 implementation, forward-looking stress testing, and capital planning, especially in volatile macroeconomic environments. With limited internal bandwidth and rising audit scrutiny, ensuring alignment across risk, finance, and compliance functions is both mission-critical and resource-intensive.
Traditional approaches to SS1/23 and IFRS 9 compliance involve either engaging high-cost external advisors or diverting months of internal effort across multiple teams. Big-4 advisory support for this scope typically costs between EUR 80,000 and EUR 250,000. Alternatively, assembling an internal task force of 3 to 5 FTEs working full-time for 4 to 6 months carries significant opportunity cost. This playbook delivers the same structured approach, evidence framework, and implementation guidance for $395, one-time payment, no recurring fees.
What you get
| Phase | File Type | Description | Count |
| Assessment & Gap Analysis | Domain Assessment | Structured self-assessment with 30 targeted questions per domain covering governance, methodology, data, model validation, stress testing, capital planning, and disclosure | 7 |
| Evidence Collection | Evidence Runbook | Step-by-step guide to collecting, organizing, and version-controlling documentation required for SS1/23 and IFRS 9 audits | 1 |
| Audit Preparation | Audit Prep Playbook | Checklist-driven process for responding to PRA queries, preparing for thematic reviews, and demonstrating compliance maturity | 1 |
| Implementation Planning | RACI Templates | Pre-built responsibility assignment matrices for IFRS 9 staging, stress testing cycles, and capital forecasting workflows | 5 |
| Implementation Planning | WBS Templates | Work breakdown structures for quarterly IFRS 9 reassessments, annual stress testing cycles, and capital planning submissions | 5 |
| Cross-Referencing | Cross-Framework Mappings | Detailed alignment tables linking control objectives across PRA SS1/23, IFRS 9, UK Solvency Standards, and CRR2/CRD V | 50 |
Domain assessments
The seven domain assessments included in this playbook are designed to evaluate current maturity and identify gaps in key areas of prudential compliance. Each contains 30 targeted questions, scored responses, and remediation tracking.
- IFRS 9 Staging and Lifetime PD Assignment: Evaluates the robustness of your ECL model inputs, forward-looking information integration, and PD migration logic.
- Forward-Looking Stress Testing: Assesses scenario design, reverse stress testing, and integration of macroeconomic forecasts into capital planning.
- Capital Planning and Adequacy: Reviews internal capital adequacy assessment process (ICAAP) documentation, stress capital buffers, and dividend policy alignment.
- Data Governance and Model Risk: Tests data lineage, model validation frequency, and oversight of credit risk models under SS1/23.
- Portfolio Segmentation and Vintage Analysis: Examines granularity of loan book segmentation, vintage performance tracking, and early warning indicators.
- Management Reporting and Board Oversight: Checks timeliness, accuracy, and actionability of risk and capital reports presented to governing bodies.
- Operational Resilience and Change Management: Probes business continuity planning for risk systems, model updates, and control environment changes.
What this saves you
| Activity | Traditional Approach | With This Playbook |
| Initial compliance assessment | 6, 8 weeks of internal workshops and consultant interviews | 3-day self-assessment using standardized question sets |
| Evidence collection | Manual compilation across departments, inconsistent formats | Structured runbook with predefined document types and retention rules |
| Audit preparation | Reactive response to findings, repeated remediation cycles | Proactive audit prep playbook with mock inspection checklist |
| Cross-framework alignment | Time-intensive manual mapping, risk of misalignment | Pre-built mappings across PRA, IFRS 9, CRR2, and Solvency standards |
| Implementation planning | Ad hoc task assignment, unclear ownership | Ready-to-use RACI and WBS templates for all core processes |
Who this is for
- Chief Risk Officers at UK-regulated digital banks implementing or refining IFRS 9 and SS1/23 compliance frameworks
- Heads of Finance responsible for ECL calculations, capital reporting, and stress testing outputs
- Compliance Managers preparing for PRA inspections or thematic reviews on credit risk governance
- Model Risk Leads needing to validate IFRS 9 staging logic and stress testing assumptions
- Internal Audit Directors scoping assurance activities over prudential risk and finance controls
- Chief Operating Officers overseeing operational resilience in risk systems and data pipelines
- Finance Controllers managing month-end and quarter-end ECL provisioning cycles
Cross-framework mappings
This playbook includes detailed alignment between the following regulatory and accounting frameworks:
- PRA Supervisory Statement SS1/23 (Credit risk management and ICAAP)
- IFRS 9 Financial Instruments (Expected Credit Loss model, staging criteria)
- UK Solvency Standards (Capital adequacy, leverage ratio, liquidity coverage)
- Capital Requirements Regulation (CRR2) and Capital Requirements Directive (CRD V)
- Financial Reporting Standard 100 (FRS 100) , Application of UK GAAP and IFRS
- PRA Rulebook modules on governance, systems and controls, and internal capital adequacy
- Bank of England's stress testing guidelines for systemically important institutions
What is NOT in this product
- This is not a software tool or automated platform. It does not integrate with your core banking or risk systems.
- No pre-filled templates with your institution's data. All templates are blank and require customization.
- It does not include legal opinions, audit opinions, or regulatory submissions on your behalf.
- No training sessions, consulting hours, or implementation support are included in the purchase.
- It does not cover anti-money laundering (AML), conduct risk, or operational risk beyond credit risk scope.
- No real-time updates to regulatory changes. The content reflects requirements as of Q2 2024.
- It is not a substitute for independent legal or accounting advice tailored to your institution.
Lifetime access and satisfaction guarantee
You receive lifetime access to the playbook files with no subscription, no login portal, and no recurring fees. The files are delivered as downloadable PDFs and editable templates. We do not require account creation. If this playbook does not save your team at least 100 hours of manual compliance work, email us for a full refund. No questions, no friction.
About the seller
We have spent 25 years building structured compliance toolkits for financial institutions worldwide. Our library includes mappings across 692 regulatory, accounting, and risk management frameworks. We maintain a database of 819,000+ cross-framework control alignments used by over 40,000 practitioners across 160 countries. This playbook draws directly from that infrastructure, adapted for the specific needs of UK digital banks navigating SS1/23 and IFRS 9.>
