COMPASS a Bank Lending Adviser Expert System

Abstract

The increasing complexity of the financial world, and high levels of losses in the late 1980s and early 1990s, have led the banking sector to question the effectiveness of traditional techniques used to assess the risks inherent in commercial loans - that is, commercial risk. This paper describes the problems associated with theoretical models developed to detect future business failure, namely their emphasis on financial data and their consequent inability to represent the reality of the process of assessing bank commercial risk. It then outlines the development and structure of COMPASS, the Bank of Scotland’s lending adviser expert system which has succeeded in capturing and modelling the inherent risk of the Bank of Scotland’s lending process.

La sustitución del coste histórico por el fair value

“…1. Sistemas Expertos: son programas de ordenador que capturan el conocimiento de un experto e imitan sus procesos de razonamiento al resolver los problemas de un determinado dominio (SANGSTER, 1995). Pueden implementarse mediante reglas de decisión o mediante CBR (Case Based Reasoning -Razonamiento Basado en los Casos).…”