It has been some time since financial institutions have been impacted by a major credit cycle to the degree they are experiencing now, and it is not clear how long this current climate will last or how many new issues will be created as everyone works toward economic recovery. As financial institutions deal with the current credit cycle, the lessons learned from the last significant credit cycle that seemed forgotten are now resurfacing. Though many organizations don’t view the present economic circumstances as an opportunity, now is an ideal time to return to the basics and reemphasize the credit culture to help set the stage for improved risk management and prudent loan growth.
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Length: 1 pages (PDF 53 kB)