How to Meet New Model Risk Management Guidelines
A new supervisory statement from the Bank of England suggests stronger controls are needed, and the principles are good guidance for banks globally
Peter Lemon
Peter Lemon joined FICO in 2022 as a consultant to FICO clients, across financial services and telecommunications, specialising in credit risk and collections. Prior to joining FICO, Peter had a 20-year career within credit risk, with roles covering the management of risk strategies, models and decision systems, At Orange UK, Lloyds Banking Group and a number of UK building societies, Peter has been involved in a broad range of credit risk initiatives, spanning compliance with mortgage sale regulations, the delivery of stress testing mechanisms, collections and forbearance performance and mortgage pricing.
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Why Banks’ Deposit and Savings Strategies Must Change
Regulatory pressures and waning trust are among the factors forcing banks to better meet customers’ needs - here are some best practices
How to Tame Credit Originations Complexity and Data Overload
With the right technology it is now possible to drive out manual or high-friction interventions and offer seamless, near-instant credit decisions across multiple sales channels
6 Tips for Debt Collection During the Household Income Squeeze
From identifying vulnerable customers to storing the right data, here are best practices for debt collection during the ongoing squeeze on household incomes
How to Turn UK’s Consumer Duty Compliance to Your Advantage
With the clock ticking to the 31 July FCA deadline, a FICO roundtable looked at the scale of the Consumer Duty challenge
FCA’s Consumer Duty Mandates Sharper Use of Technology
Managing UK customers to better outcomes under the FCA’s Consumer Duty will require a true platform for understanding and action
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