Product Type: Market Research Report
Published by: TowerGroup
Published: June 2007
Product Code: R301-1292Description Successful and profitable approaches to risk in consumer lending are about finding the right balance. If too much risk is adopted, a crisis develops, but if too little risk is accepted, opportunity is lost. South Korea, Taiwan, and Japan are at different stages in their approaches to risk, and although each country has adopted risk management measures appropriate to its stage of development, obstacles exist in all three that will continue to restrict future consumer lending opportunities. This TowerGroup Research Note examines the differences between the three lending environments, analyzes their consequences, and deduces the minimum requirements for successful consumer lending.Table of Contents
- TowerGroup Take-Aways
- Report Coverage
- Background
- Exhibit 1 Demographic, Economic, Communications Data: South Korea, Japan, Taiwan, United States (2005, 2006)
- South Korea
- Retail Financial Sector Developments
- The Development of Payment Cards
- Exhibit 2 Volume and Value of Credit and Debit Card Transactions in South Korea (1996-2004)
- Credit Culture
- The Crisis in Credit Cards
- Improved Risk Management
- The Future of Unsecured Consumer Lending
- Taiwan
- Retail Financial Sector Developments
- The Development of Payment Cards
- Credit Culture
- The 2005 Crisis in Credit Cards
- Improved Risk Management
- The Future of Unsecured Consumer Lending
- Exhibit 3 Credit Cards Issued in Taiwan (2005-07)
- Japan
- Retail Financial Sector Developments
- Development of Payment Cards
- Developments in Consumer Finance
- Credit Culture
- The Future of Unsecured Consumer Lending
- Exhibit 4 Household Savings as a Percentage of Disposable Income in Japan and the United States (1995-2005)
- Improved Risk Management
- Embracing Consumer Lending Risk: Winners and Losers
- Summary
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