SINGAPORE -- (BUSINESS WIRE) --
A new point-of-view paper from the leader in credit performance improvement solutions for the financial services industry, Omega Performance, is now available. Authored by credit expert Philip Forrest, Creating a Robust Credit Culture in Asia addresses major questions for Asian banks, such as what a robust credit culture looks like, how it is achieved, what kind of structure is called for and how long it takes to make a difference.
Banks in Asia have had to deal with two massive upheavals in less than fifteen years: the 1997 Asian financial crisis and more recently the global financial crisis. Before the Asian crisis, many of these banks had unclear and poorly understood credit policies, ineffectual standards of credit analysis and a risky approval process. While much progress has been made and most banks in our region now accept the importance of a strong credit culture, there is still much work to do. A new point-of-view paper from Omega Performance details the steps needed to create a robust credit culture in Asia.
Currently serving as Omega Performance Managing Director Singapore, Mr. Forrest has worked in banking in Asia since 1982 in various senior-level positions. Executives in banks and at regulatory authorities throughout the region have sought his opinions and perspectives on advancing the professionalism of the credit role in banking. In support of this objective, Mr. Forrest facilitates a 5-day Commercial Loans to Business workshop in which students learn to increase their lending efficiency, improve loan quality and reduce risk, strengthen relationships with customers, achieve world-class best practices and standards of institutional credit risk management, and communicate effectively and negotiate credit solutions to with customers.
About Omega Performance
Omega Performance has enabled more than 2,500 firms worldwide to drive and sustain improved business results. The company is a wholly owned subsidiary of Informa plc (INF on the London Stock Exchange), the leading international provider of specialist information and services for the academic and scientific, professional and commercial business communities. Informa has over 150 offices in more than 40 countries and employs over 7,000 staff around the world. Omega Performance is headquartered in Charlotte, N.C., USA, with major offices in Australia, Canada, China, Mexico, Nigeria, Singapore, South Africa, and the United Kingdom.
CONTACT:
Omega Performance
Liesel Kittlitz
Senior Vice President, Global Marketing and Operations
704-672-6058
Fax: 704-672-3865
Liesel.Kittlitz@Omega-Performance.com