A multicriteria hierarchical discrimination approach for credit risk problems

Recently, banks and credit institutions have shown an increased interest in developing and implementing credit-scoring systems for taking corporate and consumer credit granting decisions. The objective of such systems is to analyze the characteristics of each applicant (firm or individual) and support the decision making process regarding the acceptance or the rejection of the credit application. This paper addresses this problem through the use of a multicriteria classi - fication technique, the M.H.DIS method (Multi-group Hierarchical DIScrimination). M.H.DIS is applied to real-world case studies regarding the assessment of corporate credit risk and the evaluation of credit card applications. The results obtained through the M.H.DIS method are compared to the results of three wellknown statistical techniques, namely linear and quadratic discriminant analysis, as well as logit analysis.peer-reviewe

Investments in solid waste management : opportunities for environmental improvement

This paper presents the findings of a brief evaluation of World Bank experience in municipal solid waste management (MSWM) and recommends approaches to improving future Bank performance in this subsector. The paper is presented in four chapters. Chapter I describes the methodology by which the MSWM investments were reviewed and presents definitions and discussion of the benefits of MSWM to the environment and urban productivity in developing countries. Chapter II presents the overall results relating to to the Bank's total lending for solid waste management, including the findings of the Regional evaluation of MSWM lending. Chapter III examines the findings related to the design and implementation of the Bank's MSWM components and discusses such issues as the size and scope of investments, borrowing levels, cost recovery, and private sector participation. Finally, chapter IV presents recommendations for improving the design and execution of future MSWM projects or components. Annexes to the paper include a series of tables containg summary data on MSWM components in Bank projects and eight individual case studies highlighting specific MSWM projects or components in selected countries.Urban Solid Waste Management,Sanitation and Sewerage,TF030632-DANISH CTF - FY05 (DAC PART COUNTRIES GNP PER CAPITA BELOW USD 2,500/AL,Waste Disposal&Utilization,Energy and Environment

Financial institutions industry developments : including depository and lending institutions and brokers and dealers in securities, 2010-11; Audit risk alerts

https://egrove.olemiss.edu/aicpa_indev/2150/thumbnail.jp

Goin\u27 Round in Circles ... and Letting the Bad Loans Win: When Subprime Lending Fails Borrowers: The Need for Uniform Broker Regulation

Home ownership is an American dream. Yet, America faces a crisis in the residential housing market that threatens that dream for many. Approximately 2.2 million borrowers with home equity totaling $164 billion or almost one-third of outstanding subprime mortgages will face foreclosure. An even greater number of subprime home loans, 16.31$164 billion are delinquent in monthly mortgage payments. Ironically, these rising delinquency and foreclosure rates are due in large part to greater access to credit for homebuyers through the subprime lending market. Though subprime lending has filled a credit gap and addressed the problem of access to mortgage financing by creating a new market for home ownership, it has created more opportunities for abusive lending. Borrowers have entered into financially detrimental and imprudent loans, often without being fully aware of or understanding the substance of their commitments. These often predatory loans are characterized by product terms and features such as interest- only, high loan-to-value ( LTV ) ratios, low start rates, and adjustable rates. Borrowers also have entered into mortgage agreements with high debt-to-income ratios; loans in which the monthly payment was large relative to the borrower\u27s income. Many of these borrowers received loans without providing supporting documentation of their income or even providing a down payment. The rising number of subprime mortgage foreclosures threatens to undermine the significant home ownership gains made over the past two decades

Understanding business models in the context of Irish credit union transformation

Credit unions in the Republic of Ireland (Ireland) are important community institutions. Over the last decade, however, Irish regulators and government have commented on a strategically critical financial problem for the sector and called for a change to the ‘business model’, but there is no statement of what this business model means. This paper understands a business model as the way an organisation creates and delivers value for its customers and itself, so whether articulated or not, it is plainly vital to organisational success. This paper reviews credit union financial performance, engages with the literature on business models, conceptually and as applied to banking, co-operatives and credit unions. It then considers how it could support the transformation needed for the sector’s successful development. The paper connects the credit unions’ enduring financial performance problem with the problem of value creation for their members, concluding that there are business model frameworks that could help credit unions restate their proposition, while incorporating their social purpose. However, there is no consensus among academics or practitioners about what the Irish credit union business model is and therefore what should change. A further knowledge gap is identified in relation to credit unions’ own perspectives on the relevance of business models and change

New York Law School Magazine, Vol. 28, No. 2

Features: From the Courtroom to the Classroom: The Racial Justice Project Defends the Right to Education Staying Afloat in a Downward Economy: Lessons From Sonnenschein Nath & Rosenthal LLP New York Law School Achieves Record Bar Pass Ratehttps://digitalcommons.nyls.edu/alum_mag/1010/thumbnail.jp

New York Law School Magazine, Vol. 28, No. 2

Features: From the Courtroom to the Classroom: The Racial Justice Project Defends the Right to Education Staying Afloat in a Downward Economy: Lessons From Sonnenschein Nath & Rosenthal LLP New York Law School Achieves Record Bar Pass Ratehttps://digitalcommons.nyls.edu/alum_mag/1010/thumbnail.jp