Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate culture, according to a report, Financial Services Risk Trends: An Insurer’s Perspective, from Allianz Global
Tag: Facing
The capacity crisis in mortgage originations is being precipitated in part by a lack of competent underwriting talent relative to demand. With pipelines bulging, the cost of an underwriter has virtually doubled in the last six months and loan cycle times have extended dramatically, exceeding 80 days (up from 45). Underwriters provide the critical thinking