23-B
Lies, Damn Lies and Impairments (Issues and practicalities of retail credit impairment modelling)
Monday, March 31, 2014: 2:00 p.m.
Maryland Suite C (Washington Marriott Wardman Park)
Credit impairment modelling is a critical element of financial risk management. Poor performance in this area has led to poor expectation management and in some cases disasterous financial results for both retail banks and their funders both direct (shareholders) and indirect (via securitisation). The presentation will provide an overview of actuarial techniques applied to retail credit impairment modelling and will also focus on practical issues that actuaries are well placed to help address.
Presentation 1