Feb 11 2009, 09:48 PM
QUOTE(Phoeni_142 @ Feb 11 2009, 09:32 PM)
I disagree with u on almost all fronts here. Let me be frank to you:
1. BNM does not have standard "credit policies" for all banks. By the way, credit policies and liquidity/ capital management are two different things here. That's what Basel 2 is for - to regularize and harmonize the way banks manage capital - i suggest u read up on it. In fact, Basel 2 is the approach which will attempt to standardize bank's lending - not BNM.
2. M'sia has the best credit system in the world? Wow - i've been in banking for some time....first time i've heard of this statement. My friend, buying credit TECHNOLOGY and programs are different from Credit POLICIES / PROGRAMS. Policies are the DNA of lending. In that sense, M'sia is still light years behind time. It is only in recent years, that local banks have been introducing credit scores. Behavioural scoring is no where close to even becoming an industry standard. For the record - CCRIS is so badly updated and backword compared to FICO Scores. Why do u think banks have TONS of other credit checks ON TOP of CCRIS checking? Please do your research on credit first.
3. Yes - I agree with u that there are pro's and con's to everything. The US screwed up because of over-relaxation of Credit policies, depsite their superior policies, scoring and technology. My statement earlier was with rgds to HEDGING of long term funds to offer 30 year fixed rates and beyond. Do not confuse yourself with the subprime boo boo here. They are two separate issues.
hahah .. okkk today i learnt something new ... hear say should not be published as info0rmation ... mind giving more insight into hedging of long term funds to offer 30 year fixed rates and beyond? 1. BNM does not have standard "credit policies" for all banks. By the way, credit policies and liquidity/ capital management are two different things here. That's what Basel 2 is for - to regularize and harmonize the way banks manage capital - i suggest u read up on it. In fact, Basel 2 is the approach which will attempt to standardize bank's lending - not BNM.
2. M'sia has the best credit system in the world? Wow - i've been in banking for some time....first time i've heard of this statement. My friend, buying credit TECHNOLOGY and programs are different from Credit POLICIES / PROGRAMS. Policies are the DNA of lending. In that sense, M'sia is still light years behind time. It is only in recent years, that local banks have been introducing credit scores. Behavioural scoring is no where close to even becoming an industry standard. For the record - CCRIS is so badly updated and backword compared to FICO Scores. Why do u think banks have TONS of other credit checks ON TOP of CCRIS checking? Please do your research on credit first.
3. Yes - I agree with u that there are pro's and con's to everything. The US screwed up because of over-relaxation of Credit policies, depsite their superior policies, scoring and technology. My statement earlier was with rgds to HEDGING of long term funds to offer 30 year fixed rates and beyond. Do not confuse yourself with the subprime boo boo here. They are two separate issues.
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my POV please someone who is more familiar give your suggestion
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