Optimized the credit risk review processes of a Europe based Multilateral Development Bank
Background/ objective
- A Multilateral Development Bank (MDB) wanted to streamline its credit risk management process across domains, i.e. financial institutions, corporates and public finance entities, through standardization of the credit memo/ scoresheets and spreads templates as per sector requirements. The aim was to efficiently manage its peak-season workload as well as ad hoc and time-sensitive reviews.
CRISIL Solution
- Established a dedicated team with strong domain expertise and deep understanding of rating methodologies and accounting standards along with flexibility to scale up staffing to meet time-sensitive and peak-load requirements
- Set up a project management structure with well-defined roles and responsibilities to facilitate smooth communication flow aided by a strong multilevel governance system and quality review framework
- Leveraged global presence to deploy multilingual capabilities for processing filings in non-English languages
- Compiled detailed standard operating procedures to ensure compliance with credit policies and client processes
Execution highlights
Client impact
- Streamlined credit processes and delivered a positive regulatory outcome
- Freed bandwidth of the MBD’s credit officers, enabling them to focus on the bank’s strategic agenda
- Multilingual capabilities resulted in smooth reviews for borrowing counterparties with non-English filings
- Cost savings of ~25-30% owing to CRISIL support
Portfolio coverage
Geography-wise
Sector-wise
Non-English filings (few highlighted below)
