---
title: "the Financial Transaction Control Framework"
ocid: "ocds-b5fd17-9a29d71d-8c77-4c24-8006-9beab90b4c9c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9a29d71d-8c77-4c24-8006-9beab90b4c9c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9a29d71d-8c77-4c24-8006-9beab90b4c9c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-9a29d71d-8c77-4c24-8006-9beab90b4c9c.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "British Business Bank"
published: "2026-09-17"
---

# the Financial Transaction Control Framework

Buyer: British Business Bank  
Current stage: Award  
OCID: ocds-b5fd17-9a29d71d-8c77-4c24-8006-9beab90b4c9c

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## Summary

British Business Bank plc commissioned independent financial consultancy services to review the methodology used to calculate credit risk capital requirements. The work concerns the Financial Transaction Control Framework and is intended to provide an independent assessment of the approach used for credit-risk capital calculations. Delivery covers the United Kingdom, with the buying organisation based in Sheffield, England. The service falls within financial consultancy services (CPV 66171000) and is categorised as a services requirement. This is relevant to firms with specialist knowledge of credit-risk capital, financial risk methodologies, prudential analysis and independent assurance of quantitative models or frameworks used by public-sector or government-backed financial institutions.

The procurement has been completed and awarded. British Business Bank plc used a direct single-tender action below the applicable threshold, rather than a multi-supplier competition. The contract was awarded to the Government Actuary’s Department on 10 September 2026 for £30,000 including the stated currency, GBP. The contract period runs from 11 September 2026 to 31 October 2026. The tender submission period ended on 10 September 2026. The recorded requirement was suitable for small and medium-sized enterprises and was not reserved for voluntary, community or social enterprises. The published outcome identifies one supplier and one award for the independent methodology review.

This award shows demand from British Business Bank plc for independent, technically authoritative review of credit-risk capital methodology within a financial control framework. Suppliers well placed for comparable work would need demonstrable capability in financial risk, capital requirements, actuarial or quantitative analysis, and the independent challenge of methodologies used to support regulatory or governance decisions. Credibility would also depend on producing a rigorous review that can be understood by senior stakeholders and withstand scrutiny, with clear evidence of relevant experience in banking, government finance, prudential regulation or similar controlled environments. Smaller specialist consultancies may be well suited, provided they can offer sufficient technical depth, independence and capacity for a focused review.

## Notice

Independent review of the methodology adopted for calculating credit risk capital requirements

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/21b82d5b-e671-4b0e-9fac-c5f1db469757 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Sep 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 10 Sep 2026 |
| Contract period | 11 Sep 2026 - 31 Oct 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £30,000 |
| Lots value | Not specified |
| Awards value | £30,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | British Business Bank |
| Locality | SHEFFIELD |
| Postcode area | Sheffield |
| Postcode | S1 2GQ |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE3 South Yorkshire |
| ITL 3 | TLE32 Sheffield |
| Local authority | Sheffield |
| Electoral ward | City |
| Westminster constituency | Sheffield Central |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Government Actuary's Dept |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 17 Sep 2026 at 10:39 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/21b82d5b-e671-4b0e-9fac-c5f1db469757

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/21b82d5b-e671-4b0e-9fac-c5f1db469757
  17th September 2026 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-9a29d71d-8c77-4c24-8006-9beab90b4c9c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-9a29d71d-8c77-4c24-8006-9beab90b4c9c.json.