Tag: Credit Skills
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Assessing the credit skills within your bank
Credit skills are integral to the operational performance of any bank from a financial, operational and relationship management perspective. While the majority of employees in the banking sector will focus on developing their technical credit skills from day one, the uncertain and changing nature of the marketplace means that regular learning and development is necessary…
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The importance of credit skills in banking during a recession
As financial decline looms over the UK following the most severe business disruption we’ve seen for many years, it now appears to be clear that we are heading for a nationwide recession. While this will prove to be a challenging period for the majority of businesses, banks find themselves in a rather unique position where…
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E-learning in banking: how does it work?
There are so many benefits associated with e-learning methods when it comes to developing the skills of employees. From improved learning retention to increased flexibility, e-learning epitomises the rise of technology and innovation in the modern workplace. Particularly in the banking sector, where competition is rife, and businesses need to keep one finger on the…
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The importance of maintaining strong credit skills in banking
Credit skills are absolutely essential for any business operating in the banking sector. The practical and competitive nature of the industry means that it is not enough nowadays for employees to merely understand the basics of delivering financial services. From managing loans to overseeing client accounts, each banking business will have a specific and rigorous…
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Would even the most experienced and confident underwriters struggle in this situation?
Recently we were talking about the benefit of hindsight when assessing company under-performance. We considered the recently reported challenges confronting of C&J Clark (Clarks Shoes). Today we have learned about a potential £25m overstatement of inventory by Ted Baker plc. Ted Baker is a very successful business, generating sales of over £600m. The balance sheet…
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Have underwriters lost the confidence to override credit decisions made by a computer?
There has been a plethora of company failures, profit warnings and strategic shortcomings reported in the financial press over the past few months. Many who have read these articles will have thought to themselves that hindsight is a wonderful thing. Hindsight does allow analysts to comment with authority. The challenging aspect of credit assessment is…