Skip to main content

Alternative Credit Council: Loan Administration Needs To Be More Robust

Private credit managers say that loan administration needs to become more robust in order to meet the rising demand for loans in a new report by the Alternative Credit Council (ACC), the private credit affiliate of the Alternative Investment Management Association (AIMA). Some 90% of private credit managers identified various challenges in loan administration in Enhancing the Loan Administration Function: Marrying capacity and customisation, the first survey of its kind by the ACC, sponsored by BNP Paribas Securities Services. Credit Managers acknowledged that improvements were needed, both in their own systems and in services provided by third parties, to enable the...