Global credit risk hits 20%, tops risk mgt concerns

Credit Risk

Global credit risk hits 20%, tops risk mgt concerns     Credit risk has become number one source of risk management concerns for financial institutions globally as it hit 20 per cent in 2020 from a paltry 3 per cent in 2018, a new report has shown. The report, a biennial survey on the state of risk management in the financial services industry globally was conducted by Deloitte &Touche between March and September 2020. Investopedia defined credit risk as the possibility of a loss resulting from a borrower’s failure to…

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