Hampshire Trust Bank (HTB) has hired credit risk and AI expert Jaywing to enhance its forecasting framework and comply with IFRS 9 stress-test requirements.
Jaywing will prepare the specialist bank for this year’s Internal Capital Adequacy Assessment Process (ICAAP), which offers an ongoing assessment of a bank’s risks.
HTB has received support from Jaywing in designing and implementing a consistent methodology for the bank’s product portfolio, enabling HTB to overcome several challenges.
“Through a flexible collaboration with our internal teams coupled with a can-do attitude, they supported the development of a modelling framework with the right balance of complexity and pragmatism to ensure we achieved our objectives within the set timeframes,” said Clive Gavin, chief risk officer at HTB.
Nevan McBride, risk practice director at Jaywing, added: “We’re delighted to be working with HTB on such a strategically important project, enhancing its stress-test modelling and ensuring full alignment with this year’s ICAAP.”
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