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Credit Information

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 »

VICKY HAN DISCUSSES BUYER’S CREDIT RISK EVALUATION TOOLS

Author Vicky Han discusses the use of “Buyer Credit Risk Evaluation Tools” as a basis for entering into open credit transactions:  What is a “Risk Evaluation Model” and how to establish a “Risk Evaluation Model”?  The “Risk Evaluation Model” can be defined as a standard scoring system. For evaluating the buyer’s credit risk level, the buyer’s credit risk-related factors shall ... Read More »