United KingdomModel riskEffective May 17, 2024
PRA SS1/23

Bank of England PRA — Model Risk Management Principles

The UK PRA baseline for model risk — governance, lifecycle, validation, MI.

Depth of coverage

What we know in this framework.

The specific clauses, articles, appendices and supervisory expectations we work against — anchored to primary source and maintained as the regime evolves.

01Principle 1–5 controls
02Scope of model
03Use of AI in models
04Validation independence
How we cover it

How the firm carries PRA SS1/23 into client work.

PRA SS1/23 is read against the services below. Each one draws on the same compliance intelligence layer — indexed to primary source, versioned alongside the regulator, and carried into the engagement.

Related playbooks

Playbooks that ship against PRA SS1/23.

Each playbook walks from discovery through artifact — phases, controls, evidence. Agents assist the mechanical steps; specialists own the sign-off.

No standalone playbook is published for this framework yet. Our cross-framework control mapping still covers it — speak with a partner for a scoped plan.

Map your posture against PRA SS1/23.

Bring us your current documentation, controls and inventory. We will map them clause by clause against PRA SS1/23 — and against every other regime your portfolio touches — and produce the evidence artifact your supervisor will read.