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| Author: | Pond, K. |
| Title: | Administration of recoveries in individual insolvency: case studies of two UK banks |
| Journal: | European Journal of Finance
2002 : JUN, VOL 8:2, p. 206-221 |
| Index terms: | UNITED KINGDOM BANKS CASE STUDIES |
| Language: | eng |
| Abstract: | Against a background of greater competition, market saturation and falling margins over the past decade UK banks have sought greater efficiencies in credit and risk assessment procedures, especially with personal lending products. In the same way they have attempted to reduce costs associated with the monitoring and collection of bad debts. Failure to monitor debt recoveries adequately, however, can lead to further pressure on profits. This paper uses a case study approach to outline key strategies adopted by two major banks in respect of formal insolvency, the 'tip' of a considerable debt recovery 'iceberg'. The paper illustrates the reactions and changing administrative practices of banks. |
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