Summary

CRISIL recently participated as a sponsor at the prestigious International Association of Credit Portfolio Managers (IACPM) 2024 Annual Fall Conference held in Florida in November 2024. Amit Vora, Global Head of Credit and Lending Solutions, delivered the welcome address.

Agile credit assessments and monitoring are essential in the current evolving financial landscape, fueled by shifting macroeconomic trends, innovative lending models, rising environmental, social and governance concerns and the emergence of automation and generative artificial intelligence (GenAI).

In this milieu, we exhibited our risk management capabilities and provided attendees with a unique opportunity to engage with our experts and learn more about our solutions. The event also presented an exclusive platform to engage with key decision makers from prominent financial institutions, fostering impactful discussions that will influence the future of credit management.

Key takeaways from the event

• Events such as rising tensions in the Middle East and geopolitical uncertainties have had an adverse impact on crude oil prices, disrupted trade routes and increased business risks
• Regulatory norms are becoming increasingly stringent, compliance is becoming more rigorous and there is an ask for heightened transparency standards
• Lured by attractive return-generating opportunities and diversifying risk and exposure, banks are now poised to embrace the burgeoning private market by adopting various strategies, including deploying their own capital with tailor-made solutions and entering into partnerships with private lenders
• Growing issuance of synthetic risk transfers by US banks is helping them manage risk and reduce concentration, while also boosting their capital and strengthening financial position
• The evolving dynamics require reassessing portfolio management and leveraging AI driven insights to make informed decisions. Automation and GenAI are making rapid waves in the financial ecosystem and many institutions are exploring how to prepare a credit report using large language models that can meaningfully enhance operational efficiency. 

About IACPM

The IACPM represents its members before regulators around the world, holds bi-annual conferences and regional meetings, conducts research on the credit portfolio management field, and works with other organizations on issues of mutual interest relating to the measurement and management of portfolio risk.