珠寶行業信用風險管理（英文版）(ppt 35頁)

珠寶行業信用風險管理（英文版）內容提要：
Credit Background
Thorough identification and accurate measurement of credit risk, supported by strong risk management can help improve the bottom line
…..An uncertain and volatile economic environment significantly impacts this ability
…..The desire to grow and turn in outstanding results has a tendency to put pressure on the checks and balances within businesses
……

Credit as a Facilitator
Credit risk management is important
Credit is a facilitator of business growth and performance
High business margins tend to attract lower quality clients and therefore higher risk profile to manage
Clients (buyers) may be concentrated in selected industries and provide limited portfolio diversification opportunity
Poor credit risk management resulting in negative impact to bottom-line is heavily penalized by markets
……

Implications for Corporate Governance
Current organization structures to be revisited
Clarity around roles and responsibilities
Need for honesty, integrity and independence (self-regulation)
Technical expertise of people and strong management processes
Improved disclosure requirements
Importance and implementation of sanctions
Increased legislation and compliance requirements.

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