• Votes for this article no votes for this yet
  • Dashboard Insight Newsletter Sign Up

Credit Risk Assessment advocates new lending system

Monday, March 30, 2009

A pair of authors from SAS, the leader in business analytics software and services, has defined a comprehensive framework for lending that explains how the current economic crisis began and how to avoid another. The new system benefits borrowers, lenders and investors by providing greater transparency and more relevant loan-affordability factors. Its single, consistent view of credit risk encompasses borrowers, lenders, security issuers, investors and regulators. 

“Today’s loan classification process is backwards,” said Abrahams, Chief Financial Architect at SAS. “There’s too much emphasis on credit scores and too little on traditional credit fundamentals: character, capacity, capital, collateral and conditions. By incorporating judgment and common sense into a systematic process, we have the best that science and business experience can offer. This new lending system puts controls in place that will keep greed in check.” 

View full story here

Tweet article    Stumble article    Digg article    Buzz article    Delicious bookmark      Dashboard Insight RSS Feed
 
Other articles by this author

Discussion:

No comments have been posted yet.

Site Map | Contribute | Privacy Policy | Contact Us | Dashboard Insight © 2017