Basel 3.1 Readiness Check
Checks how ready your firm's board oversight, programme, data, capital planning and disclosures are for the PRA's Basel 3.1 rules from 1 January 2027, and shows where the gaps are.
Your answers stay in your own browser while you work. The SMO UK receives only your headline result unless you choose to share more, keeps it for no more than 90 days, and is happy to sign an NDA with your organisation first.
Based on PRA implementation of the Basel 3.1 standards (PS1/26) and the PRA's 2026 supervisory priorities for UK deposit takers, PS1/26 'Implementation of Basel 3.1: Final rules' (20 January 2026); PRA letter 'UK Deposit Takers Supervision: 2026 priorities' (15 January 2026). Official source. Checked 23 October 2026.
The SMO UK works across government, financial services, industry, health and education. The same approach to strategy, performance and risk applies in every sector. See all our free readiness checks.
Sources
This check simplifies the regulator's rules into self-assessment questions. It was built from the sources below, checked on 23 October 2026. It is not legal or regulatory advice.
The PRA's year-by-year output floor percentages were not found on a PRA page, so this check states only the 72.5% end point in 2030. Small domestic deposit takers that have opted into the Strong and Simple regime are outside its scope.
- bankofengland.co.uk https://www.bankofengland.co.uk/prudential-regulation/publication/2026/january/implementation-of-the-basel-3-1-final-rules-policy-statement
- bankofengland.co.uk https://www.bankofengland.co.uk/prudential-regulation/publication/2026/january/letter-from-charlotte-gerken-and-laura-wallis-uk-deposit-takers-supervision-2026-priorities
- bankofengland.co.uk https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/publication/2026/uk-deposit-takers-2026-priorities.pdf
- bankofengland.co.uk https://www.bankofengland.co.uk/news/2025/january/the-pra-announces-a-delay-to-the-implementation-of-basel-3-1
- bankofengland.co.uk https://www.bankofengland.co.uk/news/2024/september/pra-publishes-second-policy-statement-on-basel-3-1
- bankofengland.co.uk https://www.bankofengland.co.uk/prudential-regulation/publication/2026/january/the-strong-and-simple-framework-final-policy-statement
- bankofengland.co.uk https://www.bankofengland.co.uk/prudential-regulation/strong-and-simple
- bankofengland.co.uk https://www.bankofengland.co.uk/prudential-regulation/publication/2023/may/model-risk-management-principles-for-banks-ss
- bis.org https://www.bis.org/publ/bcbs239.htm
- finreg.aoshearman.com https://finreg.aoshearman.com/uk-pra-final-policy-on-implementation-of-basel-31-standards
- pwc.co.uk https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments/pra-publishes-final-basel-3-1-rules.html
- tlt.com https://www.tlt.com/insights-and-events/insight/basel-3-1-pra-policy-statement---key-points-and-implementation-dates
- regnology.net https://www.regnology.net/en/resources/regulatory-topics/basel-31-uk-1/
Request your complimentary Readiness Review
A senior consultant reviews your result with your team in a complimentary first session and tests your answers against real evidence for a sample of requirements.
- Where you stand in each area, checked against evidence rather than estimates.
- The ownership, evidence and process gaps behind your weakest requirements.
- A prioritised list of what to fix first, and who should own it.