Description : This book provides a thorough analysis of capital strategies, asset–liabilities management, and lending strategies within the overall framework of a lending organization. It presents methadologies for risk analysis, credit appraisal, and lending decisions with specific examples. Taking into account recent global developments, this revised edition includes three new chapters which discuss the impact of capital regulation on the risk attiude and profitability of banks, strategies to protect banks from a liquidity crisis, and the need for a portfolio approach in developing models for credit exposure and loan management within a risk–return framework. Using real life examples and case studies, this book imparts students and prefessionals wih required skills to manage finance and credit in banking and related fields in the financial sector. It is essential reading for researchers, aspiring and practising chartered accountants, bankers, financial analysts, and credit managers.
Description : This book constitutes the refereed proceedings of the 30th International Conference on Advanced Information Systems Engineering, CAiSE 2018, held in Talinn, Estonia, in June 2018. The 37 papers presented in this volume were carefully reviewed and selected from 175 submissions. The papers are organized in topical sections on Process Execution, User-Oriented IS Development, Social Computing and Personalization, the Cloud and Data Services, Process Discovery, Decisions and the Blockchain, Process and Multi-level Modelling, Data Management and Visualization, Big Data and Intelligence, Data Modelling and Mining, Quality Requirements and Software, and Tutorials.
Description : Consumer Credit and the American Economy examines the economics, behavioral science, sociology, history, institutions, law, and regulation of consumer credit in the United States. After discussing the origins and various kinds of consumer credit available in today's marketplace, this book reviews at some length the long run growth of consumer credit to explore the widely held belief that somehow consumer credit has risen "too fast for too long." It then turns to demand and supply with chapters discussing neoclassical theories of demand, new behavioral economics, and evidence on production costs and why consumer credit might seem expensive compared to some other kinds of credit like government finance. This discussion includes review of the economics of risk management and funding sources, as well discussion of the economic theory of why some people might be limited in their credit search, the phenomenon of credit rationing. This examination includes review of issues of risk management through mathematical methods of borrower screening known as credit scoring and financial market sources of funding for offerings of consumer credit. The book then discusses technological change in credit granting. It examines how modern automated information systems called credit reporting agencies, or more popularly "credit bureaus," reduce the costs of information acquisition and permit greater credit availability at less cost. This discussion is followed by examination of the logical offspring of technology, the ubiquitous credit card that permits consumers access to both payments and credit services worldwide virtually instantly. After a chapter on institutions that have arisen to supply credit to individuals for whom mainstream credit is often unavailable, including "payday loans" and other small dollar sources of loans, discussion turns to legal structure and the regulation of consumer credit. There are separate chapters on the theories behind the two main thrusts of federal regulation to this point, fairness for all and financial disclosure. Following these chapters, there is another on state regulation that has long focused on marketplace access and pricing. Before a final concluding chapter, another chapter focuses on two noncredit marketplace products that are closely related to credit. The first of them, debt protection including credit insurance and other forms of credit protection, is economically a complement. The second product, consumer leasing, is a substitute for credit use in many situations, especially involving acquisition of automobiles. This chapter is followed by a full review of consumer bankruptcy, what happens in the worst of cases when consumers find themselves unable to repay their loans. Because of the importance of consumer credit in consumers' financial affairs, the intended audience includes anyone interested in these issues, not only specialists who spend much of their time focused on them. For this reason, the authors have carefully avoided academic jargon and the mathematics that is the modern language of economics. It also examines the psychological, sociological, historical, and especially legal traditions that go into fully understanding what has led to the demand for consumer credit and to what the markets and institutions that provide these products have become today.
Description : The difference between success and failure for many companies is the reliability of their cash-flow. Since the first edition of this book, credit managers have seen many changes affecting their profession - new insolvency and company law legislation, changes in the operations of ECGD and other credit insurers, and better access to credit data through the spread of information technology. The book's emphasis is on credit management as a positive force, making a real contribution to profits. Intended for practising credit managers, credit controllers and their staffs, and for students, the book should also be of value to finance directors and accountants.
Description : Timely, authoritative, prescriptive— an essential tool of survival in today's complex lending environment. . . "The subject matter of this book is important and topical. The authors combine a balance of scholarly and practitioner approaches to banking."—Edward Altman author of Handbook of Corporate Finance Leonard Stern School of Business, New York University "There is a market for this book. The industry has undergone significant changes over the past five years and we anticipate continued evolution in the foreseeable future. I recommend it."— Roger Tully Senior Vice President, United Jersey Bank In today's increasingly complex, fiercely competitive lending environment, Strategic Credit Management offers a balanced mix of scholarly analysis and practical hands-on advice and guidance. the authors: Review and analyze, in depth, the entire field of credit management in light of the changes occurring since deregulation began in the early 1980s Clearly identify the deep-rooted systemic problems that contribute to most credit management failures Offer a set of clear-cut guidelines for strategically reengineering your organization's credit management process Provide proven strategies and cutting-edge quantitative techniques for successful credit analysis, credit management, loan structuring, loan workouts, and more Outline a detailed, easy-to-implement program for management training and retraining Successive waves of deregulation/regulation occurring since the early 1980s. . . the rapid emergence of new, highly aggressive domestic and foreign competitors. . .the continuing erosion of the banking/S&L wholesale loan portfolio. . .these are just some of the major forces that have conspired to reshape the face of banking in America radically over the past several years. But no matter how different today's banks are from a generation ago, and no matter how many new products and services they now offer, their number one source of capital assets continues to be making loans. If they are to survive and thrive in the turbulent banking environment of the 1990s, commercial banking institutions must adopt a more versatile, far-reaching strategic approach to credit management suitable to today's increasingly complex, fiercely competitive lending environment. This book addresses these issues and provides a framework around which a modern credit management process can be built. Written by Sam N. Basu, a distinguished academic and banking professional, and Harold L. Rolfes, Jr., a banking and investment professional who has held executive positions at one of North America's most prestigious financial institutions, Strategic Credit Management provides commercial banking executives with a blueprint for strategic change in managing credit risk in the 1990s. The authors begin with an in-depth review and analysis of the entire field of credit management in light of the many changes that have swept the industry since deregulation began in the early 1980s. They then clearly identify the deep-rooted systemic problems that contribute to most commercial banks' lending failures. Working from the first principle that the objective of the credit management process isn't avoiding bad loans, but making good ones, they next offer a set of clear-cut guidelines and action steps that readers can take to strategically reengineer their organizations' credit management process. The authors provide proven strategies and cutting-edge techniques for successful credit analysis, credit management, loan structuring, and loan workouts. And they even outline a detailed, easy-to-implement program for management training with an emphasis on fostering the ability to adapt quickly to the ever-changing legal, regulatory, and market conditions surrounding credit management. Timely, authoritative, and prescriptive, Strategic Credit Management is an essential tool of survival in today's helter-skelter banking environment.
Description : Poor people spend their money living day to day. How can they accumulate wealth? In the United States, homeownership is often the answer. Homes not only provide shelter but also are assets, and thus a means to create equity. Mortgage credit becomes a crucial factor. More Americans than ever now have some access to credit. However. thanks in large part to the growth of global capital markets and greater use of "credit scores," not all homeowners have benefited equally from the opened spigots. Different terms and conditions mean that some applicants are overpaying for mortgage credit, while some are getting in over their heads. And the door is left wide open for predatory lenders. In this important new volume, accomplished analysts examine the situation, illustrate its ramifications, and recommend steps to improve it. Today, low-income Americans have more access to credit than ever before. The challenge is to increase the chances that homeownership becomes the new pathway to asset-building that everyone hopes it will be.