Branch Managers in Private Banks
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Activity:
25 views;
last activity : 07 06 2010 20:18:09 +0000
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Risk management
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By learning from happened over the last year
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Better Underwriting and Historical Data
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I feel the banks have to look carefully at what types of risk they are prepared to take on their books. Previously they have failure to took at it. The challenge was that there was so much product innovation in structured products. The speed at which these products were innovated banks and insurance companies invested in them without knowing the risk associated with them. Banks have to look carefully and know what risk is associated with them. |
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"Failure of risk management is a story that lead to failure of the banking industry".
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Banks should learn from what happened over the last year. They should take more steps to build customers confidence by easing interest rate, providing liquidity as and when market needs. |
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The credit crisis has shown that the economic cycle is at the heart of financial instability.
The banks which put aside the capital should not be a static number. Rather, it should change with the state of the economic cycle to provide liquidity as and when market needs needs.
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Better Underwriting is the way I feel the existing processes can be improved - along with historical data. The business of the banks are to lend money and to generate revenue. It is not enough if the banks come up with innovative products, it should also contribute to the basic infrastructure to retain and grow these innovative products - by ensuring that they loby for strong actions against any defaulters and that there are proper laws in place to take the appropriate corrective and preventive actions. It does not mean that the banks hire external enforcement agencies to get the money out, but to ensure that the loan is NOT disbursed to the defaulting customers. Yes, it would involve a lot of coordination and convergence. But that is the only thing that can save all the organizations in an effective and efficient manner. |
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