In 2018, I interviewed 30 senior credit and lending professionals, and then surveyed 250 bankers throughout the country. We asked about our readiness for the next recession and what still needed to be done.
View the video recorded when the 2018 Credit Risk Ready Report was published. This study reflects pre-recession thinking. How does it inform your thinking now? Download the report below.
In this 30 page report, you'll find the respondents best ideas about how to prepare for what we find ourselves in now, but worse. No one was guessing that a global pandemic would be the trigger, nor that the recession would hit virtually every business and borrower in America and across the world. Compare your thinking to these insights from before we found out just how bad this recession was going to be. It is not too late to take action on some of the recommendations.
Request your copy of the Credit Risk Readiness Report here:
I interviewed over thirty bank and credit union senior executives and surveyed hundreds of credit and lending professionals to bring you the latest data on how ready we are for the next recession and what still needs to be done.
The report includes the survey results and the insights from senior credit professionals. What are they worried about? What are some of their best practices? What is still needed to finish the job? Request your copy above.
You can also check the box to sign up for 'Ask Linda', a Q&A email where I answer actual lender/analyst questions on credit analysis to originate strong, performing loans. It comes out 2-4 times a month. Real-time questions and real-time answers.
While you are enhancing your knowledge and skills to be ready for whatever is coming at us, check the box to request my K-1 video series with a focus on complex borrowers and multiple pass-through entities. Learn the answers to 10 questions lenders are asking and 10 questions lenders ought to be asking to determine global cash flow when K-1s are in the mix .
The last resource is just for Directors, an online module that not only explains the CAMELS rating that examiners use to describe your overall health and readiness, but shares how Directors can use that same framework to consider the strategic direction, management plans and initiatives for your financial institution. Your duty of care as a director is your duty of care. This is a great resource to enhance your understanding.
The CEIS Review mission is to be the preeminent provider of independent outsourced loan review, loan portfolio stress testing, ALLL methodology validation or refinement, as well as being a provider of related commercial credit management techniques to financial institutions worldwide.
The Institute for Extraordinary Banking is the only independent advocate for the community banking industry. Founded by banking thought leader Roxanne Emmerich, and backed by a who’s who of modern American business leaders, the Institute exists to promote the importance of community banks to our nation, our economy and our communities.