Credit Risk and Credit Access in Asia

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The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy concern. This conference proceedings presents reports from each country on the trends and developments in debt and credit risk since the 1997-1998 Asian financial crisis. It also includes overview papers that examine the problem in a wider context. These papers suggest that risk management practices, legal systems, liquidation and recovery, and institutional infrastructure and capacity all require additional attention.



Risk Management Practices in Asia and their Interface with Insolvency Systems

We all know that the purpose of credit risk management is to ensure that financial institutions extend and monitor credits to borrowers who are, within predefined risk parameters, prepared to and predictably likely to be able to pay them back. In this sense, the intent of a bank’s risk management processes–and here we refer both to the management of credit and operational risk–is to avoid having an unacceptable number of credits that go into insolvency, workout, restructuring, etc. and then to minimise the actual losses.


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