CCR Magazine

You are here  :Home arrow News arrow West Bromwich Building Society appoints Jaywing to develop IFRS 9 and stress testing models
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


West Bromwich Building Society appoints Jaywing to develop IFRS 9 and stress testing models PDF Print E-mail
Tuesday, 14 February 2017
Today, credit risk analytics expert Jaywing announced a new partnership with West Bromwich Building Society to develop IFRS 9 and stress testing models as part of an integrated modelling programme that will underpin all regulatory modelling requirements. Developing best practice regulatory models is a core requirement for The Society, that’s why they chose to partner with Jaywing who have extensive experience in the design and build of IFRS 9, IRB and other regulatory models. 

One of the biggest challenges faced by lenders today is implementing a solution to IFRS 9 requirements that is proportionate to the size of the lender. Through Jaywing’s flexible approach, The Society will be able to develop an integrated and streamlined approach to loss forecasting that achieves IFRS 9 compliance and facilitates stress testing. What’s more, this framework can also be used as the foundation to support The Society’s projected growth and any subsequent regulatory requirements.

West Bromwich Building Society’s Director of IRB said: “IFRS 9 is demanding significant change, with the need for more sophisticated models to be developed which enable the assessment of expected credit losses under a wide range of economic scenarios. We appointed Jaywing to help us meet this challenge due to their extensive expertise in regulatory modelling requirements and their ability to develop flexible and integrated approaches to regulatory requirements.”

Ben O’Brien, Managing Director, Jaywing, said: “Lenders today are looking for a more efficient and effective and way of remaining compliant with multiple regulations. We have always advocated close risk integration across all expected loss disciplines: stress testing, loss forecasting, capital planning and provisioning under IFRS 9. West Bromwich Building Society are ahead of the curve in adopting this approach and are using IFRS 9 to build a better business.”

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


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