Sanmita Sengupta traces the evolution of credit risk frameworks over two decades - showing how each major financial crisis fundamentally reshaped how banks assess risk.

From Basel II's risk-based approach to the 2008 Global Financial Crisis that exposed backward-looking model failures, to IFRS 9's forward-looking expected credit loss framework, to Basel 3.1's push for consistency - every framework was written in the aftermath of disaster.

Key insight: Credit risk professionals need to stay informed about regulatory thought process and emerging risks. The next evolution (climate risk, AI-ML transparency) is already here.

Are we getting ahead of the next crisis, or waiting for it to write the next framework?

From Beyond Resume with Kausik Kumar.

Full episode available on all podcast platforms.