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Why were the bankersnot monitoring their borrowers?
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A study by the Bank for International Settlements on credit-risk transfer, published last month, frets about the reduced incentive for banks to monitor their borrowers once securitised loan pools are rated.The SEC has a responsibility, not just in America, to get its next steps right, because the big three's ratings cover the globe.
"These creditors clearly perceived that they did not need to carefully monitor their borrowers' condition, in part, because they expected that they could seize collateral before other claimants," he said.
Most importantly, experts say, people should be monitoring their credit report closely and consider freezing their credit, which essentially restricts access to a borrower's credit report. .
Banks can monitor what their borrowers are up to; they can set restrictions on what the money is to be used for, and enforce them by threatening to call in loans or withhold new ones.Could all this not be done by financial markets, at arm's length?
Permitting the lenders to impose policy conditions on borrowers, and to monitor their compliance, can redress this problem.
He monitored their correspondences.
No one monitors their progress.
Equipment will monitor their movement.
Ms. Galayda can monitor their progress.
Thrun and Udacity then monitored their performance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com