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BIIA News

ICELAND’S SECOND CURSE: VOLCANO EXACERBATES GLOBAL UNCERTAINTIES

First Iceland’s banks defaulted on their debt and Iceland’s population voted not to make good.  Now an Iceland volcano puts Europe’s fragile recovery at risk.  However there are wider implications as disruptions are multiple and potentially critical for airlines and tourist dependent economies in southern Europe and elsewhere.   The exhibition industry is already hard hit as the ‘Hannover Messe’ and ... Read More »

CREDIT OUTSOURCING LARGELY REJECTED IN NACM MONTHLY SURVEY

While outsourcing has seemed increasingly en vogue as companies look to Mumbai or Manila to cut their operating costs, moving the credit function overseas or simply out from underneath a company’s umbrella isn’t so popular, or profitable, according to NACM’s most recent monthly survey. When asked “Has your company, or former company, ever outsourced all or part of the credit ... Read More »

AUSTRALIAN RISK CLIMATE: CONSUMER CREDIT INFORMATION TO IMPROVE

Credit Information Industry welcomes Government decision that will increase competition and enhance responsible lending objectives.  Consumers and small business to benefit from comprehensive credit reporting The announcement by the Commonwealth Government that they have accepted the Australian Law Reform Commission (ALRC) recommendations to introduce comprehensive credit reporting has the potential to dramatically change consumer lending in Australia.  The Government has ... Read More »

GREEN SHOOTS AT LAST AS US ECONOMY APPEARS TO REBOUND

All good things come in threes.  For the past two years of gloom and doom there is suddenly an uptick of three indicators: GDP: Third quarter GDP numbers emerged more strongly than had been anticipated – 3.5% growth after four quarters in the negative PMI:  The Purchasing Managers Index is now at 55.7 and 3.1 points higher than it was ... Read More »

BASEL II A FAILURE? – BIS IS NOW WORKING ON BASEL III

What investors in bank shares have experienced from the beginning of the crisis, Basel II did not protect them.  Basel II was supposed to create a safer banking world.  It failed miserably in that task which has now been acknowledged by the Bank of International Settlement (BIS) and its Basel II committee.  It is of little consolation to investors in ... Read More »

UK GOVERNMENT FINALLY RECOGNISES VALUE OF ITS OWN INFORMATION

This interesting story made the rounds in the United Kingdom the other day, which could become a role model for other countries to follow.  Public sector information seems to a step child in many countries set up only to serve government rather than the public.  Access to information is generally not user friendly and value added information companies are treated ... Read More »

BIIA SURVEY MARCH 2010: TRENDS IN CREDIT RISK MANAGEMENT AND IMPLICATIONS ON CREDIT INFORMATION

Credit managers are still in a defensive mode.  Trends expected to continue for at least 12 to 18 months based on a BIIA survey of credit managers.  When the ‘credit freeze’ hit trade credit the emphasis switched quickly from credit granting to risk mitigation and liquidity management.   Within this context BIIA asked credit managers six pertinent questions.  Question 1:  Does ... Read More »

PORTRAIT OF THE NEW CONSUMER – A US PERSPECTIVE

For the most part the “new” consumer is much like the “old” consumer as most of the traditional motivations are still in place. The subtle differences between the consumer that dominated in the early part of this decade and the one that dominates now matter tremendously.  The most important change in consumer behavior over the last century has been the ... Read More »

eMARKETING ASSOCIATION NETWORK GROUP 2nd LARGEST ON LINKEDIN

eMarketing Association Network Group – has passed the 200,000 member mark. This makes it the 2nd largest group on LinkedIn and the largest marketing network in the world.  In appreciation, eMarketing extends to all group members a 10% discount for the Annual Conference, (featuring a dynamic track on social marketing, with Patrick Crane, Vice President of Marketing for LinkedIn, keynoting). ... Read More »

EASE OF DOING BUSINESS AND GETTING CREDIT ARE OFTEN WORLDS APART

Since 2004 Doing Business has been tracking regulatory reforms aimed at improving the ease of doing business. Despite the challenges presented by the financial crisis, the number of reforms hit a record level this year. Between June 2008 and May 2009, 287 reforms were recorded in 131 economies, 20% more than the year before. Reformers focused on making it easier ... Read More »

DEADLY SILOS AND ASTRONAUTS: ASSESSMENT OF THE ROLE OF INFORMATION TECHNOLOGY IN THE CREDIT CRUNCH

The financial services industry spent billions on being able to trade faster and to make more money, but not nearly enough on creating the necessary transparency.  Technology also may have contributed to the ‘deskilling of the risk process’.  Particularly those employees who reviewed the on-screen loan applications forms were not given proper incentives to verify the data.  One particular bank ... Read More »

SMALL BUSINESSES CONTINUE TO FEEL CREDIT SQUEEZE

A new study recently released by Experian noted that despite upticks in many economic indicators, small businesses are still facing an especially tightened credit market and a major decline in overall lending.  The annual benchmark report showed that financial institutions have maintained their hesitant attitude toward small business lending, with overall loan volume to the sector dropping 10% over the ... Read More »