Christl J., Pribil K., Traumuller H. Credit Approval Process and Credit Risk Management

Vienna: Oesterreichische Nationalbank, Financial Market Authority, 2004. — 103 p.
The ongoing development of contemporary risk management methods and the increased use of innovative financial products such as securitization and credit derivatives have brought about substantial changes in the business environment faced by credit institutions today. Especially in the field of lending, these changes and innovations are now forcing banks to adapt their in-house software systems and the relevant business processes to meet these new requirements. The purpose of this book is to develop mutual understanding between regulatory authorities and banks with regard to the upcoming changes in banking.