Homes England (the name adopted by the Homes and Communities Agency) · Awarded contract
Awarded

Provision of Financial Risk Modelling Services for Homes England's Recoverable Investment Portfolio

Awarded 11 Dec 2023

View live tenders
Awarded11 Dec 2023
Value£1,300,000.00
Supplier20:20,Government Actuary's Department,Grant Thornton UK LLP,Mazars LLP
AgencyHomes England (the name adopted by the Homes and Communities Agency)
RegionUnited Kingdom
CategoryFinance & Insurance
Expires in 1y 1mo4y term, 73% elapsed
Awarded 11 Dec 2023Expires 10 Dec 2027

About

Homes England awarded a contract to 20:20, Government Actuary's Department, Grant Thornton UK LLP, and Mazars LLP for financial risk modelling services.

The contract, valued at £1,300,000, supports Homes England's Quantitative Risk and Stress Testing team in translating quarterly macroeconomic forecasts into parameter estimates for Expected Credit Loss and Stress Testing models.

These models quantify financial risk across a multi-billion-pound Recoverable Investment portfolio of approximately 300 loans, heavily concentrated in the UK housing market with a skew towards small and medium housebuilders and special purpose vehicles.

The services involve producing Probability of Default, Exposure at Default, and Loss Given Default estimates on an ongoing basis, leveraging internal credit ratings and external ratings agency benchmarking.

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