AUDIT OF RISK MANAGEMENT SYSTEM IN CONSUMER LENDING
Journal Title: Journal L`Association 1901 SEPIKE - Year 2017, Vol 1, Issue 18
Abstract
Risk management is an important part of any business. An incorrect or inadequate organization of risk management can lead to significant losses. One of the components of fine-tuning of risk management is its audit. The essence of risk management audit is the estimate of its effectiveness. This article considers the logic of risk management audit in consumer lending. The proposed logic of the audit is based on the use of information from credit bureaus. At the same time, we structure risk management in consumer lending into three components: loans granting process, monitoring of active credit portfolio, and operations with overdue loans. To audit each of the components, we introduce different audit methods based on the use of data from credit bureaus. Using this data allows creditors identify inefficient elements in risk management and facilitates their improvement.
Authors and Affiliations
Andrii Kaminsky, Kostiantyn Pysanets
Keywords
Related Articles
- EP ID EP300904
- DOI -
- Views 137
- Downloads 0
Social media advertising in banking sector in Georgia
Media is influencing all sector, especially banking (Andriole, 2010). The media involvement into creation of the advertising campaign of the banking sector of Georgia, the results of cooperation and consumer reactions ha...
MODERN TRENDS AND PROBLEMS OF DEVELOPMENT OF CONSULTING SERVICES INDUSTRY IN UKRAINE
the paper considers the analysis of modern trends and problems of consulting services industry development in Ukraine. The structural configuration of Ukrainian consulting services market with functional features, sector...
ROMA COMMUNITY IN ALBANIA: ALBANIANS' PERCEPTIONS AND THEIR IDENTITY
The Roma community was early settled in Albania around the XV century. UN has known them as a linguistic minority and legally compels the states, where they live to recognize them. In this research study based on the his...
COMMUNITY-BASED MARKETING: CREATION OF A SUCCESSFUL VIRTUAL COMMUNITY
We can assume that numerous e-commerce retailers prefer to use a community based-marketing to satisfy demand. In this case, it is very important to understand the principles of virtual community creation and use it as an...
THE ADVANTAGES AND DISADVANTAGES OF 2001 TURKEY ECONOMIC CRISIS
Turkey's Black Wednesday, also known as the 2001 economic crisis, has led to the emergence of major changes in the medium term. Even a black mark on the history of Turkey has passed as an unforgettable disaster and the g...