The development of credit risk management after the financial crisis

Abstract

The purpose of this study was to investigate how Credit Risk Management has changed after the 2008 financial crisis and how this continues to adapt to changes. Bankers. A well-functioning economic infrastructure is crucial to a new economy, and banks provide crucial societal duties. As a result, they must be safe. Banks are expected to lend money to individuals and companies throughout booms and busts. Furthermore, payments for products and services should be completed quickly, securely, and at a cheap cost. The researcher based the analysis by interviewing bank representatives with a series of questions which hold key responsibility in Credit Risk Management within the country’s commercial banking sector. The reason why the researcher chose these questioning methods was to be able to compare how banks of different sizes which operate in the local sector adhere to credit risk and what is their approach in such circumstances. In the end the researcher compiles and analyses the results with recommendations to delve into this topic which could enhance the findings.