000			05711nam a22002057a 4500
005			20250408152700.0
008			250408b |||||||| |||| 00| 0 eng d
020			_a9781349960620
082			_a332.7 _bKOU
100			_aKoulafetis, Panayiota _922892
245			_aModern credit risk management: _btheory and practice
260			_bSpringer _aLondon _c2017
300			_axvii, 234 p.
365			_aGBP _b49.99
500			_aTable of contents: Front Matter Pages i-xvii Download chapter PDF Chapter 1: Introduction Panayiota Koulafetis Pages 1-20 Download chapter PDF Chapter 2: Quantitative Credit Risk Analysis and Management Panayiota Koulafetis Pages 21-61 Download chapter PDF Chapter 3: Credit Ratings: Credit Rating Agencies, Rating Process and Surveillance Panayiota Koulafetis Pages 63-95 Download chapter PDF Chapter 4: Credit Risk Assessment of Sovereigns, Banks and Corporates Panayiota Koulafetis Pages 97-136 Download chapter PDF Chapter 5: Credit Risk Assessment of Structured Finance Securities Panayiota Koulafetis Pages 137-164 Download chapter PDF Chapter 6: Qualitative Credit Risk Analysis and Management Panayiota Koulafetis Pages 165-186 Download chapter PDF Chapter 7: Credit Risk Transfer and Mitigation Panayiota Koulafetis Pages 187-206 Download chapter PDF Chapter 8: Regulation Panayiota Koulafetis Pages 207-215 Download chapter PDF Back Matter Pages 217-234 (https://link.springer.com/book/10.1057/978-1-137-52407-2)
520			_aThis book is a practical guide to the latest risk management tools and techniques applied in the market to assess and manage credit risks at bank, sovereign, corporate and structured finance level. It strongly advocates the importance of sound credit risk management and how this can be achieved with prudent origination, credit risk policies, approval process, setting of meaningful limits and underwriting criteria. The book discusses the various quantitative techniques used to assess and manage credit risk, including methods to estimate default probabilities, credit value at risk approaches and credit exposure analysis. Basel I, II and III are covered, as are the true meaning of credit ratings, how these are assigned, their limitations, the drivers of downgrades and upgrades, and how credit ratings should be used in practise is explained. Modern Credit Risk Management not only discusses credit risk from a quantitative angle but further explains how important the qualitative and legal assessment is. Credit risk transfer and mitigation techniques and tools are explained, as are netting, ISDA master agreements, centralised counterparty clearing, margin collateral, overcollateralization, covenants and events of default. Credit derivatives are also explained, as are Total Return Swaps (TRS), Credit Linked Notes (CLN) and Credit Default Swaps (CDS). Furthermore, the author discusses what we have learned from the financial crisis of 2007 and sovereign crisis of 2010 and how credit risk management has evolved. Finally the book examines the new regulatory environment, looking beyond Basel to the European Union (EU) Capital Requirements Regulation and Directive (CRR-CRD) IV, the Dodd–Frank Wall Street Reform and Consumer Protection Act. This book is a fully up to date resource for credit risk practitioners and academics everywhere, outlining the latest best practices and providing both quantitative and qualitative insights. It will prove a must-have reference for the field. (This book is a practical guide to the latest risk management tools and techniques applied in the market to assess and manage credit risks at bank, sovereign, corporate and structured finance level. It strongly advocates the importance of sound credit risk management and how this can be achieved with prudent origination, credit risk policies, approval process, setting of meaningful limits and underwriting criteria. The book discusses the various quantitative techniques used to assess and manage credit risk, including methods to estimate default probabilities, credit value at risk approaches and credit exposure analysis. Basel I, II and III are covered, as are the true meaning of credit ratings, how these are assigned, their limitations, the drivers of downgrades and upgrades, and how credit ratings should be used in practise is explained. Modern Credit Risk Management not only discusses credit risk from a quantitative angle but further explains how important the qualitative and legal assessment is. Credit risk transfer and mitigation techniques and tools are explained, as are netting, ISDA master agreements, centralised counterparty clearing, margin collateral, overcollateralization, covenants and events of default. Credit derivatives are also explained, as are Total Return Swaps (TRS), Credit Linked Notes (CLN) and Credit Default Swaps (CDS). Furthermore, the author discusses what we have learned from the financial crisis of 2007 and sovereign crisis of 2010 and how credit risk management has evolved. Finally the book examines the new regulatory environment, looking beyond Basel to the European Union (EU) Capital Requirements Regulation and Directive (CRR-CRD) IV, the Dodd–Frank Wall Street Reform and Consumer Protection Act. (This book is a fully up to date resource for credit risk practitioners and academics everywhere, outlining the latest best practices and providing both quantitative and qualitative insights. It will prove a must-have reference for the field.) (https://link.springer.com/book/10.1057/978-1-137-52407-2)
650			_aCredit risk management _922893
650			_aCredit risk transfer _922894
942			_cBK _2ddc
999			_c9879 _d9879