risk management Posts

The Secret to a Smooth Transition? Better Change Management.

Posted on November 4, 2024 by Baker Hill

Have you ever tried adopting a new habit or routine? Or breaking an old habit? Changing something that feels like muscle memory is difficult for almost everyone. Studies suggest it can take anywhere from 18 to 254 days to form...

Business Lending is Ripe for Disruption. Is Your Bank Ready?

Posted on October 21, 2024 by Baker Hill

Traditional lending involves plenty of paperwork and long approval times, delaying loan approval anywhere from several days to several weeks. These delays push borrowers to lenders – not all of them financial institutions – that can approve and fund credit...

Applying Automation to Improve Risk Management

Posted on August 26, 2024 by Baker Hill

Accenture reports that 77% of risk leaders across a variety of industries have raised concerns regarding the fact that operational and financial risks are emerging more rapidly than ever. In the case of credit risk, regulators have asked that banks...

Why It’s Time to Ditch Excel for Risk Management

Posted on July 29, 2024 by Baker Hill

Spreadsheet software like Excel is helpful for a multitude of use cases, especially in the world of finance. In fact, a recent study by Wolters Kluwer revealed that 85% of bank respondents report using spreadsheets and other manual processes to...

The Call for Effective Covenant Monitoring Has Never Been Louder

Posted on July 22, 2024 by Baker Hill

In the world of commercial lending, banks and borrowers are paying close attention to their financial covenants. And for good reason: covenants enforce minimum financial performance conditions on the borrower. These loan covenants are not a pre-decided set of principles...

Mitigating CRE Concentration Risk in 2024

Posted on July 15, 2024 by Baker Hill

According to a Federal Reserve Bank of St. Louis report , market sentiment about the CRE office sector declined sharply over the last two years, with the Bloomberg REIT office property index falling 52% from early 2022 through the third...