Sweden’s credit risk maverick

“We don’t like portfolio management,” says Björn Börjesson, executive vice-president and head of the central credit department at Svenska Handelsbanken in Stockholm.

“We don’t have quotas for different industries, or geographical areas, which I can see from your smile differs from what other banks do.” Indeed, Handelsbanken’s attitude towards modern credit risk measurement and management does differ substantially from today’s accepted conventional wisdom among Risk magazine’s readership. At this bank’s credit risk department, there are no fancy modelling packages, no sophisticated data warehouses and no credit-scoring systems. Some risk managers at competing

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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