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The 2020 Interagency Guidance on Credit Risk Review Systems includes updated recommended practices related to independent loan review and credit risk review systems. An effective credit risk review system assesses “the adequacy of and adherence to internalcredit policies and loan administration procedures.”
Cooley is a former OCC examiner who provides loan reviews, outsourced credit analysis, strategic planning, and risk appetite consulting. A strong loan review function is especially important for helping financial institutions be nimble, he explained during the recent webinar “ Best Practices for Credit Analysts.” Credit Risk.
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