the accuracy of ratings issued by credit ratings agencies in US financial markets. Design/methodology/approach – The paper … identifies unconscious bias as a source of inaccuracy in the credit ratings process. It examines prior behavioral research on … unconscious bias, and uses this research to identify structural issues within the credit ratings industry that give rise to biased …

loans. Unemployment stands out as the major factor that influences both mortgage and credit card arrears. The estimated … results show that the main factors impacting on credit cards are disposable income and unemployment rates, while changes in … interest rates have no impact on credit card write‐offs. Originality/value – This paper's value lies in providing methods by …

Purpose – Achieving equal treatment of credit applicants has been a legitimate concern of legislators and the credit … most effective use of credit scoring models, and could run counter‐intuitive to the intention of legislation through … legislation and also retains the integrity and effectiveness of credit scoring models. Design/methodology/approach – The paper …

Purpose – This paper aims to provide a new approach for the credit risk management process of profit and loss sharing … instruments in Islamic banks. Design/methodology/approach – Three credit risk management steps are elaborated for profit and loss … sharing instruments. Findings – First, a new credit risk definition compatible with profit and loss sharing instruments is …

Purpose – This paper examines the activities carried out in the UK by credit refer agencies, current business practices …, and the legal standing of credit reporting. Design/methodology/approach – Legal analysis that aims to demonstrate that the … privacy rights, discrimination concerns, and the needs of the credit industry. Originality/value – Little or no research has …

information exchange. Originality/value – The paper provides insight into how financial institutions may exchange credit …

Purpose – This paper seeks to discuss a modeling tool for explaining credit‐risk contagion in credit portfolios. Design …/methodology/approach – Presents a “collective risk” model that models the credit risk of a portfolio, an approach typical of insurance mathematics … bankruptcies. In other words, they model how a credit event might trigger other credit events. The model herein discussed is …

with real credit data showing that ignoring this modification of the two‐sample test can lead to the wrong statistical …

Purpose – The purpose of this paper is to analyse the effects of the maturities of credit‐enhanced debt contracts on …‐claims model and uses as measure of credit insurance risk, the market value of the private guarantee, which accounts for projects …