Credit portfolio manager of the year: Crédit Agricole

Innovative structuring allowed Crédit Agricole to transfer trade finance risk to an arm of the World Bank, freeing up capital. The bank's CPM team also saw its role expand to cover liquidity and funding

Crédit Agricole’s CPM team (left to right): Francois-Edouard Hetier, Martial Ribette, Olivier Jouy, Pascale Olivié, Antoine Biais

Trade finance is a tricky product for credit portfolio managers to deal with – loan maturities may be relatively short, but the portfolios can still be large, and very few borrowers are covered by the credit default swap (CDS) market. This can make it difficult for banks to transfer credit risk to third parties, which is one of the ways a credit portfolio management (CPM) function earns its keep. 

In June last year, Crédit Agricole Corporate and Investment Banking (CA CIB) showed it can be done

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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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