When the bank introducer homeloans have fraud and other misconduct， Imagine yourself as the main decision...

When the bank introducer homeloans have fraud and other misconduct， Imagine yourself as the main decision maker of the bank or the financial institution (like the CEO). What would you have done differently at corporate level?

ANS: As the main decision maker of the bank or the financial institution (like the CEO)., we should abide by ethics, do not hire(use) introducer who are not approved and Unsatisfactory , we cannot relaxation the loan policy in order to increase the company's profits, like lend to credit poor consumers.

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Expert Solution

As the main decision maker of the company., we should follow business ethics in our dealings. Unapproved or unsatisfactory introducers must not be hired. The loan policy should be strictly followed and complete credit checks as per company policy should be undertaken. Unlike banks, company management must check for genuine customers. The loans can also be secured by a collateral to ensure that there is some recovery in case of defaults.

jeff jeffy answered 2 years ago

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