Following the financial crisis banks realized that they needed to invest in better credit risk management to reduce future credit losses and to comply with new regulatory requirements. Risk managers at banks are expected to improve existing credit risk management practices that failed to measure credit risk properly before and during the crisis. Their main focus is to build recession resilient portfolios and to measure credit risk more precisely in order to create enough cushion (i.e. banking capital) so that their banks will better weather shocks in the economy.
RiskAware helps banks to build a recession resilient lending book and comply with stringent regulatory requirements.