Special assets and the bank board: a special relationship

Troubled debt teams can provide valuable op risk insight

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Hal Reichwald

The business of banking is the business of taking measured risks. The management of special assets – troubled loans, in other words – is a critical part of a bank's enterprise risk management process, for which the board of directors has responsibility and, in some cases, ultimate personal liability. It is, therefore, critically important for the board to understand the risk analysis considerations that form part of the underwriting process for loan or investment origination or the proper functi

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