Challenges, uncertainty, and preparing for the upturn: dominate conference discussions

Real estate was a throbbing concern of attendees at RMA's Annual Risk Management Conference in Baltimore last fall. Unfortunately, it was not their only worry. A sputtering economy, high unemployment, and an uncertain regulatory environment added to their list of burdens. But conference goers w...

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Bibliographic Details
Published in:The RMA Journal 2011-02, Vol.93 (5), p.12
Main Author: Beans, Kathleen M
Format: Article
Language:English
Subjects:
Bank portfolios
Banking industry
Central banks
Commercial real estate
Community banks
Conferences
Consumer protection
Credit management
Credit risk
Delinquency
Economic conditions
Foreclosure
GDP
Gross Domestic Product
Interest rates
Loan workouts
Management
Methods
Physical fitness
Portfolio management
Profitability
Real estate
Recessions
Retail sales
Risk management
Services
Uncertainty
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Summary:Real estate was a throbbing concern of attendees at RMA's Annual Risk Management Conference in Baltimore last fall. Unfortunately, it was not their only worry. A sputtering economy, high unemployment, and an uncertain regulatory environment added to their list of burdens. But conference goers were reminded by many speakers that the business cycle will shift again and that they need to prepare for the upturn. Underlining that sentiment was David Coxon, RMA's 2010-2011 chair. Uncertainty continues, the CEO of State Bank of Georgia said in his opening remarks. The 2010 Annual Risk Management Conference provided an opportunity for members to discuss concerns with one another and to hear the views of colleagues, regulators, economists, and consultants. Tough as these past years have been, there is comfort in knowing that the cycle will eventually turn and that the role of the risk manager is more important than ever.
ISSN:1531-0558