One critical aspect of the IRB (Internal Ratings-Based) program that often goes unnoticed in discussions about IRB or IRB repair programs is the recruitment challenge. In this blog, we will explore the costs and challenges associated with recruiting credit risk professionals in the UK and the key questions that organisations should consider when building their
Introduction In the fast-evolving landscape of finance, data-driven decision-making has become paramount, especially in the realm of credit risk management. As financial institutions grapple with growing volumes of data, the ability to extract meaningful insights efficiently is crucial. Python, a powerful programming language, has emerged as a go-to tool for data analysis, predictive modeling, and
Introduction: Private credit has emerged as a crucial component of the financial landscape, providing an alternative source of funding for businesses beyond traditional banking channels. In the UK, this type of lending has experienced significant growth over the years, attracting both banks and funds to tap into this lucrative market. However, recent changes in interest
