Bank finance articles and tips

Due to the banking crisis of 2008, the question of how banks can protect themselves against future failures has attracted the attention of regulators, banking experts and business media. An important area is the need for better transparency, mainly regarding remuneration in the banking sector, and how boards of banks should improve their corporate governance practices to reduce the chances of a repeat of the credit crunch.

The recent publication of Central Bank of Egypt draft Code of Corporate Governance for banks marks a significant step in this process. Banks together with their respective boards should pay close attention to the corporate governance guidelines.

It seems to many today that you could be John Dillinger in your lifestyle and get anything you want on credit so long as you have a high enough credit score. How did that come to be?

In previous decades, Creditors had a very sensible lending evaluation approach that employed 4 basic common sense and easy to understand guidelines. These guidelines were administered by actual human beings one application at a time.