ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » It seems as though risk-based lending and taking on more credit risk are perceived to be an easy way for credit unions to boost their growth during times of economic expansion. Yet it’s not as easy as it appears to be.After being in the lending business 35 years and spending 30 years at the senior management level, I’ve developed what I call “lender’s inferiority complex.” When times are good, the feedback is that you’re not doing well enough. If your credit union is growing loans at 12 percent, you get asked why you’re not growing at 20 percent like the financial institution down the street.There are good reasons for credit unions to be cautious about risk-based lending, even when economic times are good. As we approach the end of a record-length economic expansion, I’m going to write several installments of this column about how to explain the value of caution in risk-based lending to your colleagues, as thoughtful lending will be even more important as the economy shifts. I hope these will be helpful as you assess your portfolios and explain to your colleagues what you’re doing.
Gwynne pointed out that the pressure on fees was in part due to clients and supervisors becoming increasingly cost-aware, “as costs have become an important selection criterion”.In his opinion, another explanation for declining costs was that many clients had opted for low-cost alternatives, such as ETFs and factor investment. He estimated that 40% of the reduction could be explained by this phenomenon.The survey suggested that asset managers dealt with the development by accepting a drop in their profits margin, but also cut costs through their back office. This meant that cost-saving came at the expense of investment in IT systems, which the survey said were necessary to remain competitive. In addition, declining income could lead to mergers and takeovers, the two companies said.The researchers said they expected clients would increasingly opt for extremely low-cost investments in combination with higher-cost active investments.“Through investing a large proportion of assets in ETFs with near-zero costs, they could free up assets for active funds which considerably deviate from the benchmark, or funds that invest in illiquid markets,” the report said.Recently, Saker Nusseibeh, chief executive of Hermes Investment Management, also predicted declining margins at asset managers.During a Morningstar conference, he said that asset managers’ margins of between 35% and 45% were “untenably high”. Asset management costs are to drop by approximately 10% in the next three years, a survey by management consultancy Oliver Wyman and asset manager Morgan Stanley has suggested.In their report, The World Upside Down, the two firms attributed the decline to reduced fees as well as a shift towards exchange-traded funds (ETFs) and factor investment.“The decrease of fees is a trend – last year they dropped 6%,” said Serge Gwynne, partner at Oliver Wyman’s corporate and institutional banking practice.He added that the fall was insufficiently compensated by a rise in assets under management, which had lead to an income drop of roughly 5% at asset managers.
Loading… “I’m happy for him, as he deserves all of this, but Romelu must also thank the team for putting him in the conditions to express himself in the best form of his entire career.” Inter have certainly improved in recent months at the way they play it out from the back. “We do a lot of work on this in training. If you find a team that presses you high up the pitch, there are memorised positional situations that give players the chance to escape that pressing. It’s all about vertical passes and finding space. “I hear people call playing out from the back a counter-attack, but that’s not the case. You start deep and create the space left behind those defenders. “We did well to press Bayer and cause them huge problems playing the ball. At the same time, we did well to find the right solutions. Samir Handanovic is very good at seeing those options for the pass and finding the free man.” read also:Champions League: Suarez rates Barca vs Bayern contest 50-50 The coach was asked if he’ll be happier watching this game back for the performance or angrier at the number of wasted scoring opportunities? “I can’t be angry tonight, I can only congratulate these lads on all they’ve done in Serie A, throughout the season and now in the Europa League. We’ll show the team back some situations, both positive and ones we can improve, but the video lectures aren’t about finding blame, but rather showing how to improve next time.” Inter are already qualified for the Champions League, but winning the Europa League would bump them up from third to first seeds in the draw for the group stage. FacebookTwitterWhatsAppEmail分享 Antonio Conte said Inter ‘want to go all the way’ in the Europa League after beating Bayer Leverkusen 2-1 in the quarter-final. ‘We never let them play the ball comfortably.’ They will face either Shakhtar Donetsk or FC Basel in the semi-final on August 17, Inter’s first major semi-final since winning the Treble in 2010. Nicolò Barella and Romelu Lukaku had given them a 2-0 lead early doors, but Kai Havertz made it anxious until the end, even if the Nerazzurri wasted so many chances. They also had two penalties awarded only to be revoked via VAR, so the 2-1 scoreline does not reflect this performance. “We are very satisfied because it was a very good performance. We prepared it the right way, never let Leverkusen play the ball comfortably, we did what we worked on in training,” the coach told Sky Sport Italia. “As I always end up saying, we could’ve killed the game off earlier and relaxed a little. We didn’t allow many chances at all, but the fact is we had so many chances and should’ve scored more than two. “The lads showed how hungry they were, how determined to prove that what they’re doing is important. We’ve got an opportunity to play a Europa League semi-final, so can be pleased, but from tomorrow must begin preparing for the semi-final. “We want to achieve the maximum. We want to go all the way.” Lukaku can’t stop scoring, as he set a new all-time record by finding the net in nine consecutive Europa League games, while it was his 31st competitive goal of the season for Inter. “It’s difficult to talk about individuals when you have such a great team performance. Romelu is having an excellent season, supported by the team, who put everyone in a position to express themselves at their best on an individual level too. Promoted ContentYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Worst Things To Do To Your Phone7 Things That Actually Ruin Your PhoneThe Very Last Bitcoin Will Be Mined Around 2140. Read More2020 Tattoo Trends: Here’s What You’ll See This Year10 Phones That Can Work For Weeks Without RechargingWho Is The Most Powerful Woman On Earth?Best & Worst Celebrity Endorsed Games Ever MadeThese TV Characters Proved That Any 2 People Can Bury The HatchetThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical10 Phones That Can Easily Fit In The Smallest Pocket5 Of The World’s Most Unique Theme Parks
Dubai: Young Australia batting sensation Marnus Labuschagne on Wednesday achieved a career-best third place in the ICC Test Rankings, topped by India skipper Virat Kohli. Labuschagne moved up by a spot after a match-winning double century against New Zealand in Sydney recently.Labuschagne scored 215 and 59 in the third and final Test in Sydney and ended up amassing 549 runs from six innings against the Black Caps.Kohli has remained static at the top spot with 928 points and is followed by Australia’s Steve Smith (911 points). Apart from Kohli, Cheteshwar Pujara and Ajinkya Rahane also feature in the top 10 of the list however, their rankings saw a drop of one and two places respectively. While Pujara sits at the sixth place, Rahane is currently placed at the ninth spot.England all-rounder Ben Stokes has also made a jump of five places to enter the top 10 rankings for batsmen.On the other hand, Australia’s Pat Cummins and New Zealand’s Neil Wagner are placed at the first and second spot respectively in the bowlers’ rankings. While Wagner had scalped 17 wickets in the three games against the Aussies in the recently held Test series, Cummins had picked up 12 wickets.The duo are followed by West Indies pacer and skipper Jason Holder, who jumped a place to be at the third spot.From India, pacer Jasprit Bumrah, ace off-spinner Ravichandran Ashwin and Mohammed Shami are placed at the sixth, ninth and tenth spot respectively. IANSAlso Read: Prasidh Krishna could be Virat Kohli’s ‘surprise package’ at World T20 Also Watch: United Workmen Union at Guwahati Refinery stage protest against BJP-Govt over CAA 2019