Good Harbor Security Risk Management Chairman and CEO Richard Clarke and Moody’s Analytics Chief Economist Mark Zandi among Keynote Speakers
PHILADELPHIA, Nov. 8, 2018 /PRNewswire/ — Top banking industry experts discussed their views on the impact another recession may have on credit and ways financial institutions can currently prepare for it at RMA’s Annual Risk Management Conference, November 4-6 in National Harbor, Md. (outside of Washington, D.C). The conference exemplifies the Association’s unwavering focus on the future.
Moody’s Analytics Chief Economist Mark Zandi suggested the possibility that global events could have an effect on the economy, including the trade war with China, Iranian oil sanctions, and Brexit. He also noted the role of increasing inflation and interest rates.
“Banks continue to see pricing and underwriting standards erode and need to ‘get ready’ by making the necessary adjustments in preparation of the next downturn,” warned Edward Schreiber, RMA Chair and Chief Risk Officer, Zions Bancorporation.
In an informative keynote address, Richard Clarke, Chairman and CEO, Good Harbor Security Risk Management, remarked on the concept of “Cassandras” after…