A holistic approach to credit risk assessment in the current COVID-19 environment

Customer credit scores have effectively been put on ice with UK regulators ruling that payment holidays should not be seen as an indicator of credit impairment. With traditional credit scoring models losing their predictive power by lacking material discrimination for customers, a new approach is needed fast. Here we discuss how to gain what the PRA term “a holistic approach” to credit risk assessment in the current COVID-19 environment….

Do you have any questions? Please contact Phil at phillip.dransfield@4-most.co.uk.