Published by Gbaf News
Posted on September 6, 2016
5 min readLast updated: January 22, 2026
Today, credit risk analytics expert Jaywing announced the release of Horizon, its new IFRS 9 impairment solution that enables lenders to quickly and cost-effectively produce IFRS 9 provisions, while supporting stress testing and ICAAP processes.
IFRS 9 will be a significant change to the financial reporting of banks and other lenders. It will affect many stakeholders, including investors, regulators, analysts and auditors. Given the importance of UK lenders in the global capital markets and the wider economy, the effective implementation of the new standard has the potential to benefit many stakeholders. Conversely, a low-quality implementation based on approaches that are not fit for purpose has the risk of undermining confidence in the financial results of lending organisations.
Horizon provides lenders with a best practice approach that deals with all aspects of IFRS 9 impairment modelling using regular feeds of a lenders’ own data. The model engine combines Probability of Default (PD), Exposure at Default (EAD) and Loss Given Default (LGD) components to calculate Expected Credit Losses (ECL) over long ranges and under different economic scenarios. In addition, its user-friendly interface allows lenders to adjust the models to their individual requirements, while providing full transparency regarding all components of the solution.
Crucially, Horizon allows lenders to generate IFRS 9 provision without the need for a lengthy and expensive project or significant on-going maintenance overheads, making it a perfect fit for medium to small lenders. It also allows larger lenders to run their data through an alternative approach to sense-check their own bespoke approach.
Horizon includes many features and functional implementations required for IFRS 9, such as:
Ben O’Brien, Managing Director, Jaywing, said: “One of the main challenges to IFRS 9 implementation will be the methodology changes from incurred to expected losses. Many lenders won’t have the required expertise on-hand to help them address these challenges. That’s why we developed Horizon, it provides lenders of all sizes with a best practice impairment solution that addresses the many challenges of implementing impairment calculations.”
Jaywing has extensive experience in credit risk analytics and has developed this solution based on over 17 years’ experience helping many of the UK’s lenders from Shawbrook Bank through to Nationwide and Coventry Building Society with IFRS 9, IRB, stress testing, ICAAP and credit grading requirements.
To find out more visithttp://risk.jaywing.com/
Today, credit risk analytics expert Jaywing announced the release of Horizon, its new IFRS 9 impairment solution that enables lenders to quickly and cost-effectively produce IFRS 9 provisions, while supporting stress testing and ICAAP processes.
IFRS 9 will be a significant change to the financial reporting of banks and other lenders. It will affect many stakeholders, including investors, regulators, analysts and auditors. Given the importance of UK lenders in the global capital markets and the wider economy, the effective implementation of the new standard has the potential to benefit many stakeholders. Conversely, a low-quality implementation based on approaches that are not fit for purpose has the risk of undermining confidence in the financial results of lending organisations.
Horizon provides lenders with a best practice approach that deals with all aspects of IFRS 9 impairment modelling using regular feeds of a lenders’ own data. The model engine combines Probability of Default (PD), Exposure at Default (EAD) and Loss Given Default (LGD) components to calculate Expected Credit Losses (ECL) over long ranges and under different economic scenarios. In addition, its user-friendly interface allows lenders to adjust the models to their individual requirements, while providing full transparency regarding all components of the solution.
Crucially, Horizon allows lenders to generate IFRS 9 provision without the need for a lengthy and expensive project or significant on-going maintenance overheads, making it a perfect fit for medium to small lenders. It also allows larger lenders to run their data through an alternative approach to sense-check their own bespoke approach.
Horizon includes many features and functional implementations required for IFRS 9, such as:
Ben O’Brien, Managing Director, Jaywing, said: “One of the main challenges to IFRS 9 implementation will be the methodology changes from incurred to expected losses. Many lenders won’t have the required expertise on-hand to help them address these challenges. That’s why we developed Horizon, it provides lenders of all sizes with a best practice impairment solution that addresses the many challenges of implementing impairment calculations.”
Jaywing has extensive experience in credit risk analytics and has developed this solution based on over 17 years’ experience helping many of the UK’s lenders from Shawbrook Bank through to Nationwide and Coventry Building Society with IFRS 9, IRB, stress testing, ICAAP and credit grading requirements.
To find out more visithttp://risk.jaywing.com/
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