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Ben O'Brien

Managing Director

Jaywing

Member since

11 Nov 2015

Location

London

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Ben's opinions

FCA PS24/3: Understanding the new requirements and how to prepare

The Financial Conduct Authority (FCA) has introduced policy statement PS24/3, implementing mandatory Product Sales Data (PSD) reporting for consumer credit firms. This significant change will reshape how affected companies collect, manage, and report data. Our blog post breaks down the key aspects of these new requirements and offers guidance to ...

27 August 2024 /regulation

IRB wholesale exposures: Unpacking the PRA's latest regulatory guidance

The Prudential Regulation Authority (PRA) recently held an IRB wholesale roundtable, introducing new guidelines for firms using or considering the Internal Ratings Based (IRB) approach for wholesale exposures. In this post, we’re delving into the 6 key takeaways: #1. Model risk differentiation: Aligning to the PRA’s expectations To start, the PRA'...

23 August 2024 /regulation

The PRA’s new ‘Simpler regime’ – Is your firm in or out of scope?

The Prudential Regulation Authority have taken another step towards implementing their vision of managing prudential risk for smaller financial institutions through the publication of CP 5/22, “The Strong and Simple Framework: a definition of a Simpler-regime Firm”. As the name suggests, this latest publication outlines the proposals for the defin...

25 July 2022 /regulation Banking Regulations

The IFRS 9 deadline is closer than you think...

As we enter 2016, the IFRS 9 deadline draws even closer, and the countdown is putting pressure on firms who need to comply with the new requirements. In less than two years, on January 1st 2018, IFRS 9 will take effect. Although the deadline isn’t until 1 January 2018, the reality is that the changes need to be in place at least a year before in or...

21 January 2016 /regulation /retail

7 banking trends to watch in 2016

In 2015, we have seen increased regulatory scrutiny as supervisory bodies look to reform the banking industry and a new culture of supervision and best practice continues to be set by the Bank of England. The aim of this increased crackdown is to support resilience of individual institutions and the system as a whole. Over the course of 2015, we’v...

23 December 2015 /regulation /retail

BoE expect significant investment in stress testing models

Although the latest stress testing results revealed there has been significant improvement in stress testing processes since last year, the results also identified considerable variation across banks. During the 2015 stress test, the Bank of England (BoE) undertook a review of banks’ stress testing model frameworks – having found that they were wea...

07 December 2015 /regulation /retail

The 2015 stress testing results and key areas for improvement

Today, the 2015 stress testing results of the UK’s seven largest banks and building societies have been revealed. The results show that there has been significant improvement in stress testing processes since the 2014 review, however the results identified considerable variation across banks, and highlighted areas where stress testing and capital p...

01 December 2015 /regulation /retail

10 key steps to implement IFRS 9

In January 2018, banks will have to change the process that currently calculates their credit impairments. While 2018 may seem quite a long way off, there is a lot of work to be done in order to meet the requirements on time. Those who start now to work towards implementation stand themselves in good stead to meet the requirements on time but also ...

13 November 2015 /regulation /retail