Stephen has worked in the field of credit risk management for over eighteen years. Much of this time has been spent working with banks, trust companies and software companies related to the credit risk field.
Stephen has worked on three Basel II engagements during this time and has been intimately involved with numerous facets of Basel II implementations both in retail and wholesale institutions.
Stephen is very involved with helping banks prepare themselves for evaluation before the regulatory bodies of their jurisdictions in meeting the Pillars 1-3 requirements.
This is Stephen's first publication. He identified the need for this book while helping banks recognize the need to imbed the various Basel II metrics into their existing infrastructures. Although the Use test is mentioned in only one paragraph its importance pervades throughout the entire Basel II Framework.
It is equally important for banks to prove that they use these regulatory capital estimation techniques in the areas of marketing, underwriting, management and disposal of credit as it is for them to be used for their minimum capital requirements.
Stephen hopes to continue this gospel throughout the banking world in the coming years as banks gradually adopt the Basel II Framework.
Stephen resides in Toronto with his wife Cindy and three children Abigail, Leora and Zachary.