PwC's SSM Diagnostic tool

A clarifying assessment of your compliance with supervisory requirements

PwC’s international financial sector platform, consisting of former regulators, supervisors and banking professionals amongst others, has launched a free online tool, which can help you face the challenges of the transforming supervisory banking landscape in the Eurozone.

The SSM Diagnostic tool provides you with a clarifying analysis of your readiness for the Single Supervisory Mechanism (SSM) and key considerations regarding supervisory requirements.

The tool consists of five questionnaires with 20 questions each, that can be answered at your own time and pace. It provides clear and simple results, and is offered free of charge, without any further obligations.

The simple-to-use self-assessment is aligned with the Supervisory Review and Evaluation Process (SREP) of the SSM, and includes the topics Business Model Analysis, Internal Governance & Risk Appetite Framework, ICAAP, ILAAP, and Data & Reporting.

The objective of the tool is to identify possible gaps, and areas of improvement, regarding the SSM’s supervisory requirements. The tool might be specifically interesting for Less Significant Institutions (LSIs), in the light of the ECB’s new SREP for LSIs, which in many cases marks a significant departure from previous national supervision, and has large implications for smaller banks.