Elastic net models take the best of Lasso and Ridge models to create a linear model that handles large credit datasets better than ordinary regression, while staying interpretable under a bank's governance standards.

The Prudential Regulation Authority (PRA) has taken another major step in reshaping the UK’s prudential landscape with the publication of CP7/24 – The Strong and Simple Framework: The Simplified Capital Regime for Small Domestic Deposit Takers (SDDTs) . The proposals, due for implementation from 1 January 2027 , mark a pivotal moment for small UK banks and building societies seeking a more proportionate, predictable, and efficient approach to capital regulation. A proportiona

The PRA’s newly published consultation paper (CP10/25) marks a decisive shift in how UK banks are expected to manage climate related...