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The Impact of an Economic Downturn


Duration:60 minutes

Abstract:

The topic of timing and severity of a potential recession is making headline news. Lenders urgently desire insights into how the next downturn will manifest so they can develop strategies to mitigate risk and weather the potential storm. Of course, it’s impossible to predict with certainty the precise nature of the next recession. What’s a far more tractable problem is to plan your strategies around the impact of the downturn — in other words, what might happen to customers’ ability to pay.

In this webinar, we will discuss:
• An approach to forecasting deterioration in delinquency rates at the portfolio level based on macroeconomic and portfolio metrics
• A scenario planning methodology to help lenders develop tailored contingency strategies for different levels of performance degradation
• What you should do to be well-positioned to respond quickly and effectively to the next downturn regardless of its severity

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Speakers

Matt Komos

Vice President, Financial Services Research and Consulting

TransUnion

Matthew Komos leads financial services research and consulting in the U.S. and is charged with providing insights and exploring emerging trends in consumer credit. He has over 17 years of experience in lending, with a focus on risk management, growth dynamics, customer profitability, and analytically derived solutions across the full consumer lifecycle. He also has extensive experience in the business lending arena. Komos has worked within and consulted for some of the largest financial institutions in the world, as well as various startup consulting and lending firms, where he’s leveraged empirically-based solutions to solve complex business problems.

Komos earned a bachelor’s degree in economics with a minor in mathematics from the University of Illinois at Champaign-Urbana, and a master’s degree in applied statistics from DePaul University. He’s a member of the Risk Management Association and teaches statistics at both the graduate and undergraduate levels.





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