Stick to your guns when managing credit risk

first_img 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr One mistake Brian Vannoy has seen financial institutions make time after time during his more than 23 years as a lender: Stretching the credit boundaries when venturing into new territory.“Whether it’s a new product, a new geographic market, or a new borrow type, it’s important to be disciplined around the credit standards we set, particularly early on,” says Vannoy, who in July was named chief credit risk officer for $1.1 billion asset Allegacy Federal Credit Union in Winston-Salem, N.C.“Even though it’s hard to be patient when you’ve launched an exciting new venture, the long-term rewards of sticking to your credit standards will be worth the wait,” he says.Vannoy recently shared his approach to credit risk management with Credit Union Magazine.CU Mag: What are the biggest credit risk areas facing your CU?Vannoy: The single biggest credit risk area for our credit union is the area of concentration management. continue reading »last_img read more

Top Stars to Participate in Abu Dhabi T10 League

first_imgAbu Dhabi: After a scintillating World Cup 2019, global cricket fever is set to sweep the UAE as a sensational roster of cricket superstars prepare to take the pitch at the Zayed Cricket Stadium for the Abu Dhabi T10 League from November 15 to 24.The third season of the T10 League will be headlined by several international cricket captains and newly minted World Cup heroes. The star-studded line-up is set to include Eoin Morgan, Shoaib Malik, Darren Sammy, Angelo Mathews, Lasith Malinga, Shane Watson and Cameron White, Mohammad Shahzad, Andre Russell, Kieron Pollard and Dwayne Bravo – all putting their hands up for team selection in the 2019 Abu Dhabi T10 draft.Commenting on the league, Morgan said: “I heard from a lot of parents that this year’s (ICC World Cup) was the first one they could enjoy with their sons or daughters. Kids are discovering the joy of cricket all over again. Well, the T10 is brilliant for bringing kids and first-time fans into the stadium, where you’ve got all the stars, all the action and all the glamour you could hope for. It’s just brilliant for the future of cricket all around.” Former West Indies captain Sammy shared a similarly positive outlook towards the tournament and its new home. (IANS)Also Read: Abu Dhabi new home of T10 cricket for next 5 yearslast_img read more