Equally significant is the diversity of banks using the system and applications the system supports:
â¢ Recent customers range in size from under $100 million to over $100 billion in assets
â¢ Current customer usage ranges from setting reserves to complying with Basel II requirements for Obligor Probability of Default
â¢ Current portfolio applications include Commercial, Retail, and Letters of Credit.
"We are seeing acceleration and expansion in our customers needs for accurate, verifiable and actionable information on the credit quality of their loan portfoliosâ, said Glenn Bailey, Managing Principal at Migration Metrics. âAs commitments made to regulators approach due dates, banks are reaching for solutions that put them in control of their data instead of the other way around.â
Designed to help leading financial institutions manage credit quality and set reserve requirements, the Risk Migration Analysis system enables lenders to use historical portfolio performance to help determine future losses, evaluate the effectiveness of risk rating policies, and identify areas of exposure.
Unlike other software, the Risk Migration Analysis system combines automated updates, portfolio filtering, risk migration analysis, and drill down reporting into a single system. This capability enables credit risk professionals to easily evaluate any area of interest and automatically generate loan detail reports to substantiate their portfolio analysis and the reserve forecast.