Regulatory Risk
With regulatory demands constantly shifting, you can stay ahead with Jaywing's comprehensive regulatory risk solutions. Our expert team ensures your compliance, minimises risks, and optimises your regulatory strategy.
Prudential Regulation and CRR
Our regulatory experts and technical modelling teams provide guidance to ensure compliance with current and future rules:
- Experts in IRB requirements, modelling, and regulatory compliance.
- Support with understanding upcoming changes in Basel 3.1 (e.g. changing standardised RW% and output floor).
- Assess strategic impacts, mitigate risks, and identify opportunities from upcoming changes.
ICAAP, ILAAP, Recovery and Resolution
Get independent expert guidance on planning, execution, and reporting for capital and liquidity adequacy assessments and recovery planning:
- Understand applicable regulatory requirements and identify gaps or weaknesses.
- Produce and implement remediation plans to ensure regulatory compliance.
- Identify, measure, and assess risks, translating them into loss estimates.
- Strategic planning and optimisation of available capital and liquidity resources.
- Assessing the feasibility of management actions and recovery options.
- Clear and comprehensive documenting of assessments and analytical results.
- Support with supervisory communication and interaction.
- Board and Executive information and training.
Stress Testing and Climate Risk
Our expertise in financial risk modelling can support you in understanding how resilient your business model is to a wide range of relevant future risks:
- Review your stress testing framework against applicable regulatory requirements and industry best practice.
- Identify the risks that your business model is exposed to and construct appropriate economic scenarios to stress these risks.
- Collaborate with your SMEs to capture expert judgements to fill gaps in data and to validate modelled outcomes.
- Identify risk transmission factors relating to climate risk and how transitional and physical risks could cause losses against your loans.
- Develop models and tools to use your data to perform the stress tests. Support with sourcing climate risk data to enable modelling.
- Review how the results of stress testing are used in executive decision-making, recommending changes to processes to make this more effective.
Risk Appetite, Risk Framework, Risk Governance
We’ll make sure that your risk framework and governance are compliant with regulatory requirements and consistent with industry best practices:
- Review the design, articulation, and measurement of the Board’s risk appetite. Assessment of how effectively it is being implemented in the operations of your business.
- Review and refine the tolerances set to measure adherence to the appetite and to identify where something is deteriorating.
- Review the framework that supports the application of your risk strategy, ensuring that governance is appropriate and supported by a robust decision making structure.
- Design and write policies and procedures to support risk management.
- Assess the effectiveness of the framework including decision-making and culture.
Regulatory Reporting
Our regulatory experts in collaboration with our data management experts can support you in delivering timely and accurate regulatory reports:
- Review and improve existing reporting solutions, reviewing data sources focusing on efficiency and transparency.
- Ensure consistency of data and calculation between regulatory reporting (e.g. COREP), statutory reporting (e.g. Pillar 3) and internal operational modelling (e.g. impairment).
- Review upcoming changes and additional requirements against existing solutions, ensuring compliance.
Consumer Risk and Consumer Duty
Our expert consultants can help you meet and exceed the FCA's Consumer Duty requirements, ensuring better outcomes for your customers:
- Conduct website and mobile app assessments using behavioural science methodologies to optimise customer journeys and improve user experience.
- Implement vulnerability identification strategies powered by predictive modelling to detect and prevent potential harm to customers.
- Develop robust data and reporting systems to track and evidence consumer outcomes, supporting continuous improvement.
- Assist in adapting your policies, processes, and technologies to align with Consumer Duty regulations.
- Provide ongoing support to ensure compliance beyond the initial implementation deadline.
Regulatory Change
Our regulatory experts can support you to identify upcoming regulatory changes and assess how these will impact you:
- Horizon scanning and wide assessment of supervisory publications in the UK, EU, and internationally.
- Assess regulatory impacts on your business, identify compliance gaps, and deliver remediation.
- Surface opportunities and weaknesses in your business model brought by upcoming change.
- Peer assessment to allow comparison of proposed approaches to upcoming changes to ensure you don’t become an outlier.
- Support with all major upcoming changes including Basel 3.1, Model Risk, Consumer Duty, Operational Resilience, AI and Data.
Model Risk
Jaywing is an industry leader in the management of model risk and independent model validation:
- Review and design of a model risk management framework that is proportionate to the risk and consistent with industry peers.
- Compliance with applicable model risk regulatory requirements.
- Independent model validation using highly experienced consultants and analysts.
- Challenger models using Jaywing’s AI modelling solution Archetype.
- Model risk training for Board and Executive, or for model risk practitioners.
Request a no-obligation meeting with Jaywing's experts
Pick the brains of Jaywing's experts and learn how to enhance all aspects of your decisioning strategy.
Our flexible teams of analytics and consulting experts give you the confidence and reassurance that your regulatory risk is under control - and the inspiration to leverage risk to your advantage. We work with you or for you, at your place or ours, and our approaches are tried and tested.
