Banking on progress

A dizzying array of credit risk technology firms have set up shop in Asia in order to reap the rewards of the new Basel recommendations. But are Asia’s regional banks ready to implement these systems? Vikki Kunz reports

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One of the major lessons of the 1997-98 Asian crisis is that credit risk is arguably the most critical element for banks in the region. Certainly, a horde of Asian banks are still weighed down by colossal non-performing loans (NPLs) due to pre-crisis lending blunders, and the recent slowdown in the global economy has once again brought credit risk to centre stage.

But while credit seems to be the catchword on every banker’s lips in Asia, action to remedy past credit risk measurement

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

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