Mitigating credit risk is vital to managing credit portfolios. Key strategies include credit analysis and underwriting, diversification, collateral, credit limits, monitoring, credit risk transfer, and stress testing. These help reduce the likelihood and impact of borrower defaults. There is no one-size-fits-all approach—strategies should be tailored to the portfolio’s specific needs.

The Reserve Bank of New Zealand (RBNZ) has announced its intention to open access to its Exchange Settlement Account System (ESAS) beyond just traditional banks. This change could extend access to non-bank deposit takers, payment service providers, overseas institutions, and financial market infrastructure operators — a potential turning point for competition in the sector.

It’s our birthday! As we celebrate our seventh anniversary, we’re not merely resting on our laurels.

Happy Prime has partnered with Women in Credit Risk & Collections.

Happy Prime Consultancy is proud to join the global celebration of International Women's Day.

At Happy Prime, our commitment to collaboration and positive change within the financial sector is unwavering. We're excited to announce...

Learn how the recent change in requirements made by the CCCFA have positively impacted lenders in New Zealand.