Phạm Văn Phong, permanent deputy chairman of Sacombank, speaks about the importance of the Credit Risk Model that is being adopted by the lender. — Photo Courtesy of SacombankViet Nam News HCM CITY — Sacombank has begun installing a Credit Risk Model, which will help measure the risk of business portfolios for formulating business strategies, managing credit portfolios and portfolio limits, and classifying assets based on risk levels. It will also help the bank evaluate lending limits based on risk analysis of customer segments and product portfolio, develop new products, assess the level of expected risks and losses to determine the level of retained capital needed to ensure safe operation, and improve and optimise the process of lending. Through this and a project to complete the risk management database framework launched on July 25, Sacombank is accelerating the process of completing the Standardised Approach and adopting the Internal Rating Based Approach … [Read more...] about Sacombank adopts credit risk measurement model
Credit risk analysis
An 850 credit score? It’s possible
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Michelle Singletary Washington Post June 29, 2018 WASHINGTON — For many consumers, a perfect credit score is like a four-leaf clover. You know it exists. It’s just rare.The FICO credit score model ranges from a low of 300 to a high of 850. Just 1.5 percent of scorable US consumers earned an 850 as of this past April, according to Ethan Dornhelm, vice president of Scores and Predictive Analytics at FICO.Each credit bureau report generates a score depending on the model used. The most widely used is FICO. So, you can have more than one credit score depending on the credit file searched and the version of the scoring model used. I keep a constant watch on my scores, taking advantage of the many ways to view them for free. By the way, the scores given to consumers can differ from the ones used by lenders. Advertisement Earlier this month, I logged … [Read more...] about An 850 credit score? It’s possible
Michelle Singletary: How I got a perfect 850 credit score, and what it actually means
WASHINGTON — For many consumers, a perfect credit score is like a four-leaf clover. You know it exists. It’s just rare. The FICO credit score model ranges from a low of 300 to a high of 850. Just 1.5 percent of scorable U.S. consumers earn an 850 as of this past April, according to Ethan Dornhelm, vice president of Scores and Predictive Analytics at FICO.Each credit bureau report generates a score depending on the model used. The most widely used is FICO. So you can have more than one credit score depending on the credit file searched and the version of the scoring model used. I keep a constant watch on my scores, taking advantage of the many ways to view them for free. By the way, the scores given to consumers can differ from the ones used by lenders. Earlier this month, I logged onto Discover Credit Scorecard (creditscorecard.com) to view my free “FICO 8” score, which is based on my Experian file. Generally, my numbers fall in the low 800s. And it was … … [Read more...] about Michelle Singletary: How I got a perfect 850 credit score, and what it actually means
Risk Management In Tax Administration: An Examination Of VAIDS Witholding Tax And Vat. By Suleiman Dikwa
Suleiman Dikwa Part 1 Recently, the Federal Government of Nigeria introduced the voluntary assets and income declaration scheme (VAIDS), encouraging Nigerians to declare their tax liabilities in exchange for amnesty. Most Nigerians have a perception of tax as part of several official legislations used by public officials to proverbially rob Peter to pay Paul. Moreover, they view taxation with cynicism, seeing that it has not aided any provision of public infrastructure. The scheme was therefore envisaged to raise about US$ 1Billion by engaging members of the public in a manner that does not perpetuate the sense that their default in tax payment was lingering criminal case hanging over them like the proverbial sword of Damocles. While the scheme is welcome, certain parameters in tax collection management should be considered, especially the risk management aspect of tax administration and sustainability of collection administration and compliance mechanism beyond the timeframe of … [Read more...] about Risk Management In Tax Administration: An Examination Of VAIDS Witholding Tax And Vat. By Suleiman Dikwa
Myanmar risks falling into a China debt trap
To understand China’s top priority in Myanmar, forget Beijing’s involvement in the country’s sputtering peace process, or efforts to restart its backed but now suspended US$3.9 billion Myitsone hydroelectric dam, or even securing rights to extract copper at the locally resisted Letpadaung mine outside of Mandalay. Those are all subordinate interests to what China really wants in Myanmar: economic and strategic access to the Indian Ocean through a deep-water port at Kyaukpyu in Myanmar’s western Rakhine state, a crucial link in Beijing’s US$1 trillion Belt and Road Initiative (BRI). The dailyReport Must-reads from across Asia - directly to your inbox But as China’s intentions come into clearer view, concerns are rising about the terms of the US$10-billion project, with top government economic advisor Sean Turnell recently saying the US$7.5-billion price tag on the project’s port component was “crazy” and “absurd.” … [Read more...] about Myanmar risks falling into a China debt trap