OneSavings Bank Share Price (OSB)

IRB Progress:

OSB Group has strengthened its compliance with the IRB requirements and has reflected upon the PRAs feedback to the industry. The Group continues to engage with the regulator ahead of commencing the formal application process. Underlying IRB capabilities and disciplines have become progressively more integrated into the Group’s business planning, risk, capital, IT and data management disciplines. In particular, enhanced IRB capabilities have played a vital role in informing and shaping the Group’s response to the rising costs of living and borrowing.

While PAG may be the first to get IRB, OSB may be next. MTRO expected last year but was delayed to maybe this year? Could OSB be ahead?

IRB will increase specialist lenders valuation as it will make them more competitive

OSB IRB:

OSB Group has strengthened its compliance with the IRB requirements and has reflected upon the PRAs feedback to the industry. The Group continues to engage with the regulator ahead of commencing the formal application process. Underlying IRB capabilities and disciplines have become progressively more integrated into the Group’s business planning, risk, capital, IT and data management disciplines. In particular, enhanced IRB capabilities have played a vital role in informing and shaping the Group’s response to the rising costs of living and borrowing.

Undervalued stock. OSB valuation could increase along with Paragon as PAG may get AIRB this year, expectation is H1.

Time for specialist lenders

Interest rates will not return to near zero. imo we’ll see a new normal with healthy inflation and rate. This is good for specialist lenders