CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Jaywing appointed by Principality for stress testing engagement
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News

  • Asset finance up 16% in June
    New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase)… More


Jaywing appointed by Principality for stress testing engagement PDF Print E-mail
Thursday, 26 March 2015

Principality has appointed Jaywing to assist its stress testing programme and support the building society in meeting future stress testing objectives. 

This latest appointment follows the work Jaywing successfully completed in helping Principality, the UK’s sixth largest building society, finalise the development of its IRB (Internal Ratings Based) models for its Nemo, second charge, portfolio. The stress testing programme will review Principality’s end-to-end stress testing processes and will see Jaywing making recommendations for any changes. The project will build on Principality’s existing foundations in economic modelling and forecasting techniques and will be invaluable in helping Principality prepare to address the changes required by the introduction of IFRS9 (International Financial Reporting Standards) in the future.

Jaywing’s team of experienced stress testers will work with Principality to build upon its existing framework and lead to an improved stress testing process that will increase confidence in the forecasted outputs and improve service to Members. The proposed review will look at the stress testing approaches for both its retail and second charge secured loan portfolios.

Mike Pollitt, Head of Group Credit Risk at Principality said: “We were impressed with the work Jaywing completed in 2014 and are looking forward to working with them again. By working with Jaywing we can be sure we’ll have an improved stress testing process and a roadmap for future developments.”

Adrian Lingard, Consulting Managing Director at Jaywing, said: “This latest appointment is testament to the wealth of stress testing experience our talented consultants hold and builds upon our recent stress testing work with Nationwide and Secure Trust Bank. Our skills in data, modelling and analysis, and our experience working with leading banks and building societies, means we understand the full end to end stress testing process and the complexities involved in forecasting. We are looking forward to using this experience and expertise to help Principality develop its stress testing capabilities and help refine its stress testing and loss forecasting processes.”

(Source - Jaywing Press Release)

3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197