Almost since it was drawn up in 1988, the accord has needed an overhaul, mainly because the different capital weightings for different borrowers were so arbitrary.
Industry consultants, in their attempt to feed the demand for finer classifications of borrowers, have coined new labels to describe different borrowers with similar credit scores.
An institution lends money to a range of different borrowers.
The P2P lending company dispatches the money to different borrowers.
Taken at face value, the data for self-employed borrowers make no sense.
Different data are used for different purposes.
"Second, borrowers default for different reasons, and not every borrower that defaults is eligible for the Income-Based Repaymentherogram or the Pay As You Earn program".
Repeat this procedure for different individuals and different strategies, and compile your data.
The Student Loans Company would continue to administer all accounts and purchasers would only be allowed to use data about borrowers for the specific purpose of managing the loans.
