What does Basel 3.1 change for UK banks on 1 January 2027?
The output floor, the new standardised approaches and what to do in the final quarter.
Planned opener, by Mark DoughertyRisk is our business
Everything your risk function needs, from one expert firm
From framework to models, first line to board, exco to regulator, and hiring to reporting.
We advise your board, deliver your ICAAP, find your risk leaders, train your teams and hand you the models to run it all. Senior practitioners, based in London and the South East, working worldwide.
- ICAAP
- ILAAP
- Pillar 2A
- Basel 3.1
- Output floor
- Chief risk officer search
- SMF4
- Recovery planning
- Reverse stress testing
- Risk appetite
- Operational risk capital
- Credit risk
- Liquidity stress testing
- Board risk training
- Skilled person reviews
The whole risk function
Everything on a chief risk officer’s desk, handled by one firm
A new ICAAP rarely arrives alone. It brings a gap in the team, a model the auditors will question and a board that wants training before it signs. We take the whole brief, so you brief one firm, once.
Show what each pillar covers:
Framework
Risk appetite, policies, governance and a working three lines of defence.
AdvisoryConsultingCapital and liquidity
ICAAP, ILAAP, Pillar 2, recovery planning and the move to Basel 3.1.
AdvisoryConsultingRisKITModels
Capital, liquidity and stress-testing models your auditors can follow.
RisKITConsultingReporting
Board packs, risk MI and regulatory submissions that stand up to challenge.
ConsultingAdvisoryRisKITPeople
Hire the chief risk officer, the heads of risk and the team beneath them.
Risk TalentCapability
Training for boards, NEDs and risk teams, in-house or under a partner’s brand.
Risk Education
One set of senior people sees the whole picture, from the first scoping call to the regulator’s last question.
Brief us once01 · Risk Advisory
Advice when you need judgement. Consulting when you need it done.
Advisory
Independent, senior counsel for CROs, CFOs and boards. A second opinion on your ICAAP, challenge before you meet the regulator, a hard look at your risk appetite, preparation for a skilled person review.
Consulting
The same senior people, hands on. We write the ICAAP and ILAAP, build the framework and implement Basel 3.1, then hand it over so your team can run it next year.
- ICAAP
- ILAAP
- Pillar 2
- Basel 3.1
- Recovery planning
- Op risk capital
- Risk appetite
- Skilled person reviews
- Independent challenge
02 · Risk Talent · Executive search
We find the leaders who run risk
Chief risk officers, global heads of risk and the leaders who report to them, across banking and financial services. We run executive searches, usually retained and exclusive, and specialise in the senior and hard-to-fill roles. We also back up in-house talent acquisition teams on the roles they cannot fill alone.
One partner owns your search from brief to first day. Every candidate is tested on the technical substance of the role before a CV reaches you, so your shortlist holds people who can do the job as well as they interview.
- Chief Risk Officer SMF4
- Global Head of Risk Group
- Head of Prudential Risk Capital
- Head of Credit Risk Financial
- Head of Market and Liquidity Risk Treasury
- Head of Non-Financial Risk Operational
- Head of Operational Resilience SS1/21
- Head of Third-Party Risk TPRM
- Head of Cyber and ICT Risk Technology
- Risk Committee Chair and NED Board
- Interim Chief Risk Officer Interim
03 · Risk Education
Training that risk teams use the next morning
Courses on capital, liquidity, ICAAP and ILAAP, stress testing, Basel 3.1 and risk governance for boards, NEDs and risk teams, taught by people who have defended the work in front of a regulator.
In-house
Built around your firm
Designed for your board, NEDs or risk team, using your own framework, models and regulatory history as the case material.
White-label
Delivered under your brand
We design and teach courses for training providers and conference organisers worldwide, under their name and to their audience.
04 · RisKIT
Prudential models you can open, read and defend
RisKIT is a suite of pre-built models for capital, liquidity, stress testing and recovery planning, in native Excel with every formula open to your auditors and your regulator. Buy once. Our team configures, implements and supports them wherever you operate.
22 modelsCapital, liquidity, stress and recovery
Native ExcelEvery formula open to review
Perpetual licenceBought once, yours to keep
Implemented for youConfiguration, training and support
Why RiskTAE
Why risk leaders call us
Four commitments that hold on every mandate, whether it is an ICAAP, a CRO search or a single training day.
Senior people on the work
A founding partner leads every mandate, and senior practitioners do the work that matters. The people you meet at the pitch stay on the work.
We have held the job
Our bench includes former chief risk officers and former regulators, and our executive search is led by a partner who has worked only in risk since 2003.
One view of your function
Advice, models and search inform each other, so a capital decision and a hiring decision rest on the same picture.
Open by design
RisKIT models are plain Excel with open formulas, and our advice comes with its reasoning, so your team can defend it without us.
Regulatory horizon
What is changing for UK risk functions
Dated, sourced and kept current. The full tracker launches with Insights.
Basel 3.1 applies in the UK
The PRA’s final Basel 3.1 rules take effect, changing credit, market and operational risk capital and introducing the output floor.
Source: PRA PS1/26, published 20 January 2026
Simplified regime for small domestic deposit takers
The PRA’s strong and simple capital regime takes effect for the firms that qualify and choose to join it.
Source: PRA PS4/26, published 20 January 2026
SM&CR reforms, phase 1, in force
Among the changes, a firm using the 12-week rule must submit a complete senior manager application within those 12 weeks.
Source: PRA PS12/26, published 22 April 2026
Insights
Straight answers to the questions risk leaders ask
Written by our practitioners, with sources, dates and worked examples. The first articles publish after launch; these are the planned openers.
How to hire a chief risk officer
A retained search from brief to first day, including SMF4 approval and the notice period.
Planned opener, by Benn PopleICAAP and ILAAP: what the PRA expects to see
The questions supervisors ask, and how to answer them before they do.
Planned opener, by Mark DoughertyOur people
A collective of senior risk experts
RiskTAE brings together senior practitioners who have known and worked with each other for years. Each engagement draws on the people whose experience fits it, and a founding partner leads every client relationship.
Former CROs and heads of risk
People who have run the risk function, or a major part of it, and answered for it to a board and a regulator.
Former regulators
People who have sat on the supervisor’s side of the table and know how a regulator reads the work.
Interim executives
Senior people who can step into a risk leadership role at short notice while a permanent search runs.
Model and quant specialists
Modellers, quants and developers who build, validate and support the models behind our work.
Professional trainers
Faculty who design and teach courses for boards, risk teams and training providers.
Risk analysts
Research, data and analysis behind every engagement and search.
Designers
Board papers, course materials and reports that read clearly.
Founding partners
Mark Dougherty
Co-founder and Managing Director
More than 30 years in financial services and 20 in risk, including interim chief risk officer roles, with work in London, New York and Toronto.
Benn Pople
Co-founder and Managing Director
In risk recruitment and executive search since 2003, specialising in the senior and hard-to-fill roles up to chief risk officer and NED.
Talk to us
Talk to the people who will do the work
Twenty minutes with a partner. Tell us what is on your desk and we will tell you straight whether we can help.
- Telephone
- +44 20 3996 9599
- info@risktae.com
- Where we work
- London, across the UK and worldwide