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Terence Yhip Ph.D
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B.A (Hons.), M.A. Economics, Ph.D
Terence is a Canadian-educated economist who provides policy analysis and advice on economic matters related to Country Risk and Macro-Economic developments and trends in Canada, the Caribbean, Bermuda and the United States.
Author of The Practice of Lending: A Guide to Credit Analysis and Credit Risk
This book provides a comprehensive treatment of credit risk assessment and credit risk rating that meets the Advanced Internal Risk-Based (AIRB) approach of Basel II. Credit risk analysis looks at many risks and this book covers all the critical areas that credit professionals need to know, including country analysis, industry analysis, financial analysis, business analysis, and management analysis.
Reviews
“A timely and comprehensive guide for credit-risk rating analysts, and credit professionals who model default risks. All banks that plan to implement a risk-rating system that conforms to Basel II will find the book very useful. It includes a refreshing method to factor into a rating, asymmetric information risk buried in potentially fraudulent financial reporting. Such reporting has become a significant risk factor following numerous financial scandals involving some of the world’s largest
corporations.”
(Garbis Iradian, Chief Economist for MENA and Central Asia, Institute of International Finance, USA)
“Credit analysis is a critical skill for anyone in banking, audit, investments or credit regulations, whether starting out in a career or as a refresher for regulators and executives. This is a unique book as it merges academic rigour with practical examples. The 2008 credit crisis could have been avoided if the principles outlined in this book had been applied by all the banks that had to bailed out at huge taxpayer expense.”
(Kenneth Clarke, Chartered Accountant and Certified Internal Auditor)
“Written by professionals, The Practice of Lending fills a gap and stands out from the textbook landscape with a unique emphasis on practicality and
immediate applicability in this area. The book covers the most relevant aspects of the credit analysis and lending business comprehensively and
thoroughly. Students and other readers will easily notice the authors’ experience in the field. I believe that The Practice of Lending can be an
invaluable resource for many courses internationally.”
(Jan Keil, Professor and Research Associate, School of Business and Economics, Humboldt Universität zu Berlin, Germany)
“A comprehensive, practical guide to credit analysis and risk rating, with applications to businesses in various industries. Yhip and Alagheband have delivered a well-timed book exploring how companies can improve their credit assessments to balance risk and return. It is ideal for both students and professionals looking to gain insights into credit analysis and risks.”
(Victor Yu, Professor, HELP University, Malaysia)
“This book contributes significantly to the increasingly complex area of banking currently facing heightened regulations. The chapters on financial statement analysis, cash flow projection, corporate credit assessment, and statistical methods, are rigorous and straightforward. Risk rating is the foundation of risk pricing, loan provisioning and the calculation of economic capital; and the book focuses on the criteria-based rating methodology. I highly recommend the Practice of Lending to junior credit officers and credit professionals looking for a refresher. It contributes significantly to the complex area of lending and risk rating, covering the fundamental areas of financial statement analysis, cash flow projection, credit assessment based on the criteria-based mythology, and statistical modelling.”
(Shamim A. Malik, SVP/Director, Corporate & Investment Banking Credit Risk – Financial Institutions, Public Finance, ABS and Country Risk)
“I congratulate the authors for this comprehensive, straightforward, and practical guide to risk assessment and risk rating. The knowledge and insights imparted here are clearly based on decades of experience – especially with highly nuanced scenarios and with information that often isn’t complete.”
(Marla Dukharan, Chief Economist, Bitt Inc. Barbados)
https://www.amazon.ca/Practice-Lending-Guide-Credit-Analysis/dp/3030321967
This book provides a comprehensive treatment of credit risk assessment and credit risk rating that meets the Advanced Internal Risk-Based (AIRB) approach of Basel II. Credit risk analysis looks at many risks and this book covers all the critical areas that credit professionals need to know, including country analysis, industry analysis, financial analysis, business analysis, and management analysis.
Reviews
“A timely and comprehensive guide for credit-risk rating analysts, and credit professionals who model default risks. All banks that plan to implement a risk-rating system that conforms to Basel II will find the book very useful. It includes a refreshing method to factor into a rating, asymmetric information risk buried in potentially fraudulent financial reporting. Such reporting has become a significant risk factor following numerous financial scandals involving some of the world’s largest
corporations.”
(Garbis Iradian, Chief Economist for MENA and Central Asia, Institute of International Finance, USA)
“Credit analysis is a critical skill for anyone in banking, audit, investments or credit regulations, whether starting out in a career or as a refresher for regulators and executives. This is a unique book as it merges academic rigour with practical examples. The 2008 credit crisis could have been avoided if the principles outlined in this book had been applied by all the banks that had to bailed out at huge taxpayer expense.”
(Kenneth Clarke, Chartered Accountant and Certified Internal Auditor)
“Written by professionals, The Practice of Lending fills a gap and stands out from the textbook landscape with a unique emphasis on practicality and
immediate applicability in this area. The book covers the most relevant aspects of the credit analysis and lending business comprehensively and
thoroughly. Students and other readers will easily notice the authors’ experience in the field. I believe that The Practice of Lending can be an
invaluable resource for many courses internationally.”
(Jan Keil, Professor and Research Associate, School of Business and Economics, Humboldt Universität zu Berlin, Germany)
“A comprehensive, practical guide to credit analysis and risk rating, with applications to businesses in various industries. Yhip and Alagheband have delivered a well-timed book exploring how companies can improve their credit assessments to balance risk and return. It is ideal for both students and professionals looking to gain insights into credit analysis and risks.”
(Victor Yu, Professor, HELP University, Malaysia)
“This book contributes significantly to the increasingly complex area of banking currently facing heightened regulations. The chapters on financial statement analysis, cash flow projection, corporate credit assessment, and statistical methods, are rigorous and straightforward. Risk rating is the foundation of risk pricing, loan provisioning and the calculation of economic capital; and the book focuses on the criteria-based rating methodology. I highly recommend the Practice of Lending to junior credit officers and credit professionals looking for a refresher. It contributes significantly to the complex area of lending and risk rating, covering the fundamental areas of financial statement analysis, cash flow projection, credit assessment based on the criteria-based mythology, and statistical modelling.”
(Shamim A. Malik, SVP/Director, Corporate & Investment Banking Credit Risk – Financial Institutions, Public Finance, ABS and Country Risk)
“I congratulate the authors for this comprehensive, straightforward, and practical guide to risk assessment and risk rating. The knowledge and insights imparted here are clearly based on decades of experience – especially with highly nuanced scenarios and with information that often isn’t complete.”
(Marla Dukharan, Chief Economist, Bitt Inc. Barbados)
https://www.amazon.ca/Practice-Lending-Guide-Credit-Analysis/dp/3030321967
Expertise
o Provides Country and Sovereign Risk Analysis for cross border investment.
o Provides macro-economic analysis on long-term economic growth, the business cycle, international trade, and foreign exchange.
o Designed statistical and expert-judgement models to score and forecast credit risk.
o Analyses complex structured finance transactions.
o Provides Country and Sovereign Risk Analysis for cross border investment.
o Provides macro-economic analysis on long-term economic growth, the business cycle, international trade, and foreign exchange.
o Designed statistical and expert-judgement models to score and forecast credit risk.
o Analyses complex structured finance transactions.
CREDIT RISK - Risk Rating Systems Expertise - Advanced AIRB Basel
Terence has expertise in the risk-rating system of the advanced AIRB approach. This includes the following:
1. Developing a risk-rating system to rate obligors
2. Designing scorecards to assess companies according to industry groupings
3. Advising on the validation of risk-rating scorecards
4. Developing statistical models (logit and discriminant) to predict probability of default
5. Data governance and maintenance
Terence has expertise in the risk-rating system of the advanced AIRB approach. This includes the following:
1. Developing a risk-rating system to rate obligors
2. Designing scorecards to assess companies according to industry groupings
3. Advising on the validation of risk-rating scorecards
4. Developing statistical models (logit and discriminant) to predict probability of default
5. Data governance and maintenance
Experience
Visiting Fellow, The University of the West Indies
. Location: Mona, Jamaica
. Lecturer: Credit Analysis and Lending; Public Finance; Caribbean Economy
ROYAL BANK OF CANADA, TORONTO DOMINION BANK, BANK OF NOVA SCOTIA, ARAB BANKING CORPORATION (BAHRAIN)
. Various positions in various positions in Economics, the Business Platforms, Credit Risk Management and Adjudication, AML and Internal Audit.
. Analysed high-risk structured finance during the 2008-2008 financial crisis.
Lecturer
Ryerson University
. Taught Microeconomics; and International Trade and Finance
Senior Manager
Arab Banking Corporation
. Bahrain Economic Analysis and Forecasting; Country Risk Analysis and Forecasting
Visiting Fellow, The University of the West Indies
. Location: Mona, Jamaica
. Lecturer: Credit Analysis and Lending; Public Finance; Caribbean Economy
ROYAL BANK OF CANADA, TORONTO DOMINION BANK, BANK OF NOVA SCOTIA, ARAB BANKING CORPORATION (BAHRAIN)
. Various positions in various positions in Economics, the Business Platforms, Credit Risk Management and Adjudication, AML and Internal Audit.
. Analysed high-risk structured finance during the 2008-2008 financial crisis.
Lecturer
Ryerson University
. Taught Microeconomics; and International Trade and Finance
Senior Manager
Arab Banking Corporation
. Bahrain Economic Analysis and Forecasting; Country Risk Analysis and Forecasting
Education
. McGill University
Doctor of Philosophy (Ph.D.) Economics
Constructed a macroeconomic growth model to quantity the effects of foreign loans and direct investment on domestic economic growth, savings, debt-repayment capacity and the balance of payments.
. University of Waterloo
M.A Economics
. Sir Wilfrid Laurier University
B.A.Hons Economics
. McGill University
Doctor of Philosophy (Ph.D.) Economics
Constructed a macroeconomic growth model to quantity the effects of foreign loans and direct investment on domestic economic growth, savings, debt-repayment capacity and the balance of payments.
. University of Waterloo
M.A Economics
. Sir Wilfrid Laurier University
B.A.Hons Economics
