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The Basel Committee on Banking Supervision is in the process of publishing its new Capital Standards. If you are a financial institution, it is important that you stay up to date on the implications that will effect your organization. MicroBilt will periodically update this web page and provide current information and tools for you to minimize the impact to your organizations.
Credit Check-Up Word Document
Credit Check-Up PowerPoint Presentation
Do You Have
Your Lending Business Under Control?
In this time of economic uncertainty,
fluctuating interest rates and increasing numbers of bankruptcies,
you need to be sure that you’re doing all that you can to protect
your credit portfolio and at the same time be in compliance with the
upcoming and latest Federal Credit regulations and the Basel
II Capital Accord
.
The Basel Accord states that banks should be encouraged to use internal systems as a basis for calculating their unique capital requirements. This calculation should be based on sophisticated risk management tools such as scoring models, calculation engines and expanded customer databases.
In response to these mandates, MicroBilt Corporation (FIData’s Parent Company) is pleased to announce a partnership with Creative Business
Decisions offering a Credit Check-Up
©. This partnership provides you with the opportunity to see what’s right and what’s not with your credit policy practices. By using it today, you can improve your financial institution's productivity and profitability tomorrow.
With
Credit Check-Up
© you receive a valuable credit management tool that you can use to validate existing credit policy guidelines, determine whether credit officers are adhering to guidelines and identify any disparities between actual credit granting practices and policy guidelines. In addition, we can consult in the evaluation of your current credit situation and how it will measure up to the new Basel II requirements.
Here’s how it works:
- We meet with your credit manager(s) to
review and confirm current credit policy. This can be accomplished
on-site or through a telephone conference.
- We design a questionnaire and administer
it to your credit officers.
- We analyze and report the results of the survey and make remedial recommendations.
In all instances, we almost always find non-compliance or early warnings of non-compliance and have saved institutions from possible violations. Most specifically we check out consistency in all areas of your company's market channels i.e., Internet, back office and branch office.
Financial
Institutions having gone through the Credit
Check-Up
©, have made changes that have resulted in more uniform underwriting policies and methodologies and more importantly, decreased exposure to risk, increased loan approvals and complete compliance.
To learn more about Credit
Check-Up©, go to www.cbdcredit.com
or call FIData at 1-800-213-1982.
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