Manage your financial institution’s retail and corporate lending by tapping the comprehensive array of sources of credit risk. Sustain your credit risk management system by investing in industry specific products. For instance, enhance your capacity of measuring and managing credit risk with products designed to make your company’s credit risk management procedures as strong as possible.

Credit risk refers to one of the most substantial and fundamental perils that financial institutions encounter. Minimize your firm’s credit hazards with credit risk management software that offer comprehensive advanced applications. Strengthen your management team with industry-specific newsletters and reports that cover trends in credit risk analysis and assessment. Additionally, purchase credit risk sources such as handbooks about managing credit risk to bolster your team’s ability to oversee commercial and retail credit risk management.

1. Acquire all-inclusive software programs designed for credit risk managers.

2. Tap credit risk sources such as newsletters and reports to track credit card risks and industry developments.

3. Purchase progressive publications to strengthen your ability to manage credit risk.

Action Steps
The best contacts and resources to help you get it done

Use credit-risk management software for comprehensive solutions to managing credit risk

Enhance your company's momentum and precision with in-house credit scoring. For example, combining advanced statistical software with your own applications results in more accurate credit risk analysis. Additionally, invest in universal credit risk management solutions that target businesses of various sizes.

I recommend: Balance loan product pricing to keep customers with adequate reserve capital for investment revenue by using SAS Credit Risk Management for Banking software. In addition, SAS operates across existing systems allowing you to leverage current applications. Invest in the powerful comprehensive solution for credit risk analysis and management with Moody’s KMV RiskAnalyst. Moody’s Analytics provides a vigorous system that gathers, examines and accumulates both financial and non-financial information.

Obtain quality newsletters and in-depth reports that promote best practices for credit card risk

Gain a bird's eye view of challenges and successes for credit card risk management. For instance, the rise in default rates requires credit card issuers to utilize better credit risk assessment practices. Glean knowledge from this type of information quarterly. In addition, track industry trends by accessing comprehensive reports that contain research-based data and case studies.

I recommend: Stay abreast of credit risk management solutions and gain knowledge of industry developments. Contemplate a premium or free membership to The McKinsey Quarterly to gain access to hundreds of articles, alerts and archived information. In addition, learn about custom made risk management tools to support your company's goals and growth. Contact Research and Markets to get a global perspective on managing credit risk. Compiled by industry experts, the reports feature original data you can acquire by fax purchase.

Buy top-rated books written by industry experts to enhance your credit risk sources

Invest in innovative publications that provide hands-on instruction such as how to act in accordance with Basel II regulations on credit risk. Buy books that offer tools for credit risk managers such as sample modeling and software applications. Additionally, look for publications accessible to diverse audiences and those written in non-technical language.

I recommend: Purchase The Banker’s Handbook on Credit Risk: Implementing Basel II by Morton Glantz and Johnathan Mun. This handbook serves as an essential reference for bankers and financial analysts. Use the book’s step-by-step approach to implement Basel II regulations on credit risk. Additionally, buy Understanding Risk: The Theory and Practice of Financial Risk Management (Chapman and Hall/Crc Financial Mathematics Series) by David Murphy. Readers gain comprehension of financial risk and ways to control severe losses.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  View an all-inclusive collection of online credit risk sources at organizations such as DefaultRisk, an agency that offers more than a thousand industry-specific references including free down-loadable papers.