Posts by Risk Management
by July 2, 2012,
Risk Management
- by Mike Horrocks This week, several key financial
institutions will be submitting their “living wills” to Washington
as part of the Dodd-Frank legislation. I have some empathy
for how those institutions will feel as they submit these living
wills. I don’t think that anyone would say writing a...read more
by March 27, 2012,
Risk Management
- by Mike Horrocks Henry Ford is credited to have said “Coming
together is a beginning. Keeping together is progress. Working
together is success.” This is so true with risk
management, as you may consider bringing in different business
units, policies, etc., into a culture of enterprise...read more
by November 25, 2011,
Risk Management
- by Mike Horrocks Earlier this week, my wife and I were discussing
the dinner plans for Thanksgiving. The yams, cranberries, and
pumpkin pies were purchased and the secret family recipes were
pulled out of the cupboard. Everything was ready…we
thought. Then the topic of the turkey was brought...read more
by September 19, 2011,
Risk Management
-- by Mike Horrocks Have you ever been struck by a turtle or even
better burnt by water skies that were on fire? If you are
like me, these are not accidents that I think will ever happen to
me and I'm not concerned that my family doctor didn't do a
rotation in medical school to specialize in...read more
by August 30, 2011,
-- by Mike Horrocks Let’s all admit it, who would not want to be
Warren Buffet for a day? While soaking in the tub, the
“Sage of Omaha” came up with the idea to purchase shares of Bank of
America and managed to close the deal in under 24 hours (and also
make $357 million in one day thanks to an...read more
by August 24, 2011,
-- by Mike Horrocks The realities of the new economy and the
credit crisis are driving businesses and financial institutions to
better integrate new data and analytical techniques into
operational decision systems. Adjusting credit risk processes in
the wake of new regulations, while also increasing...read more
by January 14, 2010,
Risk Management
--by Roger AhernTo calculate the expected business benefits of
making an improvement to your decisioning strategies, you must
first identify and prioritize the key metrics you are trying to
positively impact. For example, if one of your key business
objectives is improved enterprise risk...read more
by December 14, 2009,
--by Roger AhernIt’s been proven in practice many times that by
optimizing decisions (through improved decisioning strategies,
credit risk modeling, risk-based pricing, enhanced scoring models,
etc.) you will realize significant business benefits in key
metrics, such as net interest margin,...read more
by November 13, 2009,
--by Roger Ahern The value of a good decision can generate $150 or
more in customer net present value, while the cost of a bad
decision can cost you $1,000 or more. For example, acquiring
a new and profitable customer by making good prospecting and
approval and pricing decisions and decisioning...read more
by August 7, 2009,
There are a lot of areas covered in your comment: efficiency;
credit quality (human side or character in an impersonal
environment); and policy adherence. We define efficiency and
effectiveness using these metrics: • Turnaround time from
application submission to decision; • Resulting...read more
