Tackling credit risk in turbulent times

In a year that saw turmoil in the global banking sector following the collapse of Silicon Valley Bank and several other US regional lenders, credit risk has understandably been at the forefront of many bank risk managers’ minds. 

In September and October, Risk.net surveyed 58 chief risk officers from a mixture of banks and insurers across the Asia-Pacific region on the credit risks they face in the current environment and how they manage them. The survey, sponsored by Boston Consulting Group, found spiralling inflation, central bank interest rate hikes and geopolitical tensions to be chief among risk managers’ concerns. 

Risk managers also told Risk.net that some of the key challenges in managing credit risks in the current environment include reliability and availability of data, insufficient tools for providing early warning signals and difficulties in responding to market volatility.

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