Thailand is coping with a period of financial stress associated with falling asset prices and
declining loan quality in the banking system.
Not exact matches
But when mortgages soured, trustees
declined to pursue available remedies for investors, such as pushing a servicer to buy back
loans that did not meet
quality standards promised when the securities were sold.
Lloyd's
loan book
quality has also improved due to a
decline in non-performing
loans.
Moreover, a number of features of the US sub-prime market which have contributed to its current problems are not present in Australia, including large teaser rates, a marked
decline in lending standards, and an originate and distribute model where the originator has a reduced incentive to care about the
quality of the
loan written.
I'm not coming back to the corporate
loan funds until I see high single digit discounts to NAV, and signs that credit
quality is flattening from its recent
decline.
This led the Committee to direct the management of the Central Bank of Nigeria (the «CBN») to work with Nigerian Banks to promptly address rising non-performing
loans,
declining asset
quality, credit concentration and high foreign exchange exposures.