Credit Management January February 2024

More documents

Recommendations

Info

SmartSearch Adverts Nov 2023.indd 2 09/01/2024 13:58:11 Screen your clients against global PEP and sanction lists Complete peace of mind on every AML check you perform Call us to book a free demo: +44 (0)113 333 9835 Visit us online: smartsearch.com Find us on: Seamlessly integrate your current API into the platform Screening against 1,100 global watchlists Daily monitoring services SmartSearch delivers verification services for individuals and businesses in the UK and international markets. These services include worldwide Sanction & PEP screening, daily monitoring, email alerts and Automated Enhanced Due Diligence.
SEAN FEAST FCICM MANAGING EDITOR Editor’s column MAKING A DRAMA OUT OF A CRISIS HAPPY New Year (if it’s not already a dim and distant memory) and welcome to this new edition of your magazine. The sharp-eyed among you will notice that we’ve been making some changes. Fashion, so my children and Mrs Feast keep telling me, is constantly changing, and we need to move with the times. Whereas I don’t entirely subscribe to that opinion (I still have a posh coat my father bought me for my 21st birthday that looks as good as new), a refresh now and again never did anyone any harm. Andrew Morris, our Art Editor, has evolved some of the regular sections and feature pages to make them even smarter and more accessible, allowing the content more space to breathe and hopefully making it an even more comfortable and enjoyable read. We will be evolving more designs in the issues that follow. Meanwhile, news at the start of this year has been dominated by the Post Office Horizon software scandal. I take a personal interest partly because the KC who represented the wronged sub-postmasters was an old school chum and he did a rather splendid job. (Which made me wonder who’d play me in a film of my life?) But there is also a rather uncomfortable parallel to be drawn with our world of credit. As an industry insider pointed out to me recently, the Post Office is a public corporation of the Department for Business and Trade. The alacrity the Post Office (and therefore the Government) showed in pursuing ‘theft’ from these sub-postmasters – which turned out to be completely erroneous and based on inaccurate information – contrasts starkly with the apparent lack of ambition and glacial progress the Government is showing in attempting to hold fraudulent CBIL and BBIL debtors to account. According to Bloomberg, the same UK Government that appeared to have few qualms about sending an individual to jail for a few thousand pounds has paid £1.41bn (to lenders that issued small business loans during the COVID-19 pandemic) that are now suspected of being fraudulent. Despite repeated attempts by some of those in the credit community to discuss how some of this debt mountain may be recovered, at present their treaties appear to be falling on deaf ears. The numbers are truly staggering. Barclays, the largest lender in the COVID loans programme, estimates that six percent of its loans are now considered possible fraud. Starling Bank, which lent £1.6bn under BBLs, has flagged around £97m of its drawn loans as potential fraud. Will it ever be returned, I wonder, and will the Government ever listen to viable solutions that could help? The solution, of course, if you really want the Government to take notice, is to make a prime-time TV drama. Which makes me return to the question of who would play the part of the Managing Editor of Credit Management who first floated the idea. Answers on a postcard please… Brave | Curious | Resilient / www.cicm.com / January & February 2024 / PAGE 3
Page 1: CREDIT MANAGEMENT CM JANUARY/FEBRUA
Page 5 and 6: CICM GOVERNANCE President: Stephen
Page 7 and 8: CREDIT MANAGEMENT A Decade of Excel
Page 9 and 10: CREDIT MANAGEMENT Unprecedented cha
Page 11 and 12: CREDIT MANAGEMENT pandemic and the
Page 13 and 14: CREDIT MANAGEMENT Author: Alexandra
Page 15 and 16: CREDIT MANAGEMENT The initial wave
Page 17 and 18: CREDIT MANAGEMENT DRIVEN TO SUCCEED
Page 19 and 20: CREDIT MANAGEMENT “That would hel
Page 21 and 22: Thursday 1st February 2024 Royal La
Page 23 and 24: CREDIT MANAGEMENT The added value o
Page 25 and 26: CREDIT MANAGEMENT With that being s
Page 27 and 28: CREDIT MANAGEMENT I think it’s re
Page 29 and 30: CICM Members’ Financial Support F
Page 31 and 32: Each of our Corporate Partners is c
Page 33 and 34: CREDIT MANAGEMENT Our shared object
Page 35 and 36: on Malaysia... Geography and demogr
Page 37 and 38: CREDIT MANAGEMENT It is generally b
Page 39 and 40: Exclusive CICM member benefits We t
Page 41 and 42: CREDIT MANAGEMENT Remote working ma
Page 43 and 44: 99% satisfaction and 9.3 net promot
Page 45: Chase the money THINK tank CapX det
Page 48 and 49: STATISTICS Data supplied by the Cre
Page 50 and 51: LOOKING FOR YOUR NEXT CAREER MOVE?
Page 52 and 53:
HR MATTERS REASONABLE MEASURES The
Page 54 and 55:
DIVERSITY, EQUITY, INCLUSION AND BE
Page 56 and 57:
CICM TRAINING Training courses that
Page 58 and 59:
Within the intricate tapestry of mo
Page 60 and 61:
Cr£ditWho? CICM Directory of Servi
Page 62 and 63:
Cr£ditWho? CICM Directory of Servi
show all

Credit Management January February 2024

Create successful ePaper yourself

Delete template?

Save as template?