Jaywing has announced a new partnership with specialist SME bank Hampshire Trust Bank (HTB).
The Sheffield-headquartered agency will help develop and embed new methodologies for stress testing and assessing capital adequacy.
Increasing regulatory demands on small banks pose new challenges to firms who need to be able to actively identify, understand and manage all aspects of risk that their organisation faces.
In particular, more emphasis is placed by the regulators on firms’ stress testing capabilities and their ability to quantify the impact of adverse economic conditions on their capital requirements.
Jaywing has helped HTB improve its credit risk modelling capability, enabling the delivery of higher quality management information and robust stress testing models.
Ben O’Brien (pictured), managing director of Jaywing, said: “Regulatory demand processes can be time-consuming, complicated and frustrating for businesses, which is why firms such as Hampshire Trust Bank are implementing our expertise and guidance to ensure their credit risk models are consistently accurate.”
Jaywing has over 18 years’ experience in credit risk analytics, helping lenders such as Nationwide, RBS and Coventry Building Society with IFRS 9, IRB, stress testing, ICAAP and credit grading requirements.
