Implications of Y2K customer risk issues for the allowance for loan and lease losses

Much has been written about the Y2K issue and how financial institutions should assess their customers' readiness from a risk management perspective. However, very little has been written about what institutions can or should do about providing for losses that may result from a customer's...

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Veröffentlicht in:Commercial lending review 1999-07, Vol.14 (3), p.64
1. Verfasser: Fitzgerald, Joseph M
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description Much has been written about the Y2K issue and how financial institutions should assess their customers' readiness from a risk management perspective. However, very little has been written about what institutions can or should do about providing for losses that may result from a customer's lack of preparedness. This issue will be taking on increased significance. Some of the issues involved for the allowance for loan and lease losses, regulatory expectations, and the industry's current practices, are discussed.
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ispartof Commercial lending review, 1999-07, Vol.14 (3), p.64
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source HeinOnline Law Journal Library
subjects Alliances
Bank examinations
Bank examiners
Commercial credit
Commercial real estate loans
Credit risk
Customers
Financial accounting standards
Loan loss allowances
Loss reserves
Regulation of financial institutions
Year 2000
title Implications of Y2K customer risk issues for the allowance for loan and lease losses
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