Profits from Losses? :MST Talk Video
So how can a financial institution find profits from losses? Graham Dyer, Senior Manager, National Professional Standards Group, Grant Thornton, LLP, explored this topic at the 2016 National ALLL Conference in May.
Your bank or credit union generates high-cost, high-quality information that feeds into the ALLL estimation process. There may be untapped opportunities to use this information to improve operations and profitability.
In this MST Talk video, Graham discusses four opportunities to manage financial institutions more profitably using data gathered in the estimation of loss reserves.
1. Reduce time in loss discovery period.
2. Identify sources of loss and address.
3. Link lender compensation to long-term loan performance.
4. Enhance pricing and product selection.