EASTERN CARIBBEAN CENTRAL BANK GUIDELINES ON CREDIT RISK MANAGEMENT FOR INSTITUTIONS LICENSED TO CONDUCT BANKING BUSINESS UNDER THE BANKING ACT Prepared by the BANK SUPERVISION DEPARTMENT May 2009 TABLE OF CONTENTS INTRODUCTION I II III IV V OVERVIEW INTERPRETATION AUTHORITY APPLICATION COMMENCEMENT 1 2 3 3 3 4 10 12 14 15 CREDIT RISK MANAGEMENT PROGRAMME ADEQUATE CREDIT RISK CONTROLS ROLE OF BOARD OF DIRECTORS LOAN SYNDICATIONS OTHER REPORTING REQUIREMENTS INTRODUCTION I
Premium Risk management Debt Credit rating
Credit cards are one of the most popular forms of payment for consumer goods and services in the United States. To use a credit card legally‚ you must be eighteen or older‚ but many teenagers disregard this law and sign up for a credit card through the junk mail they get in their emails. Credit cards work in a very interesting way. You get a limit of how much you can spend each month‚ and you must pay off that money by a certain date. If you don’t pay off that money‚ you must pay a certain amount
Premium Payment Money Credit card
SUBJECT: CENTRAL BANKING CREDIT CREATION AND MONEY SUPPLY PROJECT SUBMITTED TO PROF.RASHMI CREDIT CREATION Credit creation is one of the important functions of a commercial bank. It constitutes the major component of money supply in the economy commercial banks differs from other financial institutions in this aspect. Other financial institutions transfer money from the lenders to the borrowers. Commercial banks while performing the same function‚ they create credit or bank money also. Professor
Premium Money supply Fractional-reserve banking Monetary policy
RESEARCH METHODOLOGY * INTRODUCTION: Credit appraisal means investigation/assessment done by the bank before providing any loans and advances/project finance and also checks the commercial‚ financial &industrial viability of the project proposed its funding pattern and further checks the primary & collateral security cover available for recovery of such funds. CHAPTER 1 INTRODUCTION TO BANKING SECTOR A snapshot of the banking industry The Reserve Bank of India (RBI)‚ as the
Premium Bank
TO WHAT EXTENT IS UTILITARIANISM COMPATIBLE WITH CHRISTIANITY The main idea of utilitarianism (U) is to create ‘the greatest pleasure for the greatest number of people’. This is similar to Christianity and the golden rule ‘love your neighbour as yourself’. With situation ethics‚ in a dilemma you should always do the most loving and compassionate thing. However in contrast to the utilitarian idea that you should try and greatest happiness for the most people‚ Christian ethics would look at everyone
Premium Utilitarianism Christianity Peter Singer
What is CSR? To what extent is there a business case for CSR? In the late 1960s and early 1970s‚ the phrase ‘Corporate social responsibility’ (CSR) came into public view. This essay will describe that what CSR is and how much profits will be taken in business for CSR. Nowadays‚ companies not only sell their products but also give back to the society such as being active in the charity drive‚ solving environment problems‚ spending money to making infrastructure and helping other people achieve
Premium Social responsibility Corporate social responsibility Socially responsible investing
Post Graduate Diploma in International Business Management (Jan‐June 2013) A project report on CARBON CREDITS AND ITS TRADING A CASE STUDY Submitted to: AHMEDABAD MANAGEMENT ASSOCIATION & CALIFORNIA STATE UNIVERSITY SAN BERNARDINO‚ USA By ANKUR MATHUR HIRAL RUPAREL ARCHAN SHAH Table of Contents Acknowledgement .......................................................................................................... (i) Executive Summary
Premium Kyoto Protocol Global warming Greenhouse gas
Credit Rating (CR) as financial service‚ has come a long way‚ since John Moody first introduced the concept 1909. In India it started in 1988. Credit rating is has been used to rate debt instrument viz. Fixed Deposit‚ Commercial Paper Credit rating is a technique of credit risk valuation for the corporate debt instruments reflecting borrower’s expected capability and inclination to pay interest and principal in a timely manner. * In evaluation both qualitative and quantitative criteria are
Premium Credit rating Collateralized debt obligation Bond
victim’s standpoint‚ in order to gain a holistic view to see the extent of prosecution agencies achieving criminal justice in the England and Wales. As the question suggests‚ there is no universal definition of ‘criminal justice’ exists. Different models are essentially different perspectives provided to assess criminal justice in terms of some general characteristics and principles. Understanding this‚ I will first look at what ‘justice’ is through the due process lens. Herbert Packer derived
Premium Criminal law Crime Police
To What Extent Can Microcredit Be Effective in the Alleviation of Poverty? The Case of The Grameen Bank in Bangladesh. 1. Introduction Bangladesh is one of the poorest countries in the world. As many as 86% of people who live in rural areas in Bangladesh live under the poverty line (Rahman‚ 1996). Quality of health care services is very poor in Bangladesh. The percentage of available health service is 20 %. The percentage of access to safe water is 43 %. Infant mortality rate is 120 out
Premium Poverty Microfinance Grameen Bank