Why Contact the Credit Plumber?
'The Credit Plumber name is borne of a simple truth; you don't ask a Professor of Fluid Dynamics to fix your leaking pipes. As many (often self-proclaimed) experts & academics continue so ably to demonstrate, theoretical risk knowledge is no replacement for practical experience. Nor do I believe that by giving my company a Latin or Greek name I can infer to clients greater intelligence or knowledge than I actually have. It could also be argued that the 'platonic' influence on modern thinking, relying on reason, logic & observation has had a significant influence on the current Global Financial Crisis.
Experience shows only too often -not just in the midst of the current Global Financial downturn - the significant role 'actual' rather than 'rational' behaviour plays in negative outcomes resulting from poor decision-making under uncertainty.
Increasing regulation will impact the efficient capital allocation decisions of Insurers and Banks. The Global Financial Crisis is forcing banks and regulators to focus further on how Capital should be adjusted for risk. Few corporate funding risk transfer & funding structures are sustainably constructed to accommodate both Insurer & Bank services from the customers perspective. Creating structures that rely on a single high quality risk view can is essential to rebuilding trust destroyed as a result of asymmetric risk information.
Please call McKibbin Consultants on +44-(0)7972-178759 (mobile) or +44-(0)1892-516201 (home) if you would like to discuss further.
Alternatively email me at davidmckibbin@helpingcreditflow.co.uk or djmckibbin@me.com
