{"product_id":"measuring-and-managing-credit-risk-hardcover","title":"Measuring and Managing Credit Risk - Hardcover","description":"\u003cp\u003eby \u003cb\u003eArnaud de Servigny\u003c\/b\u003e (Author), \u003cb\u003eOlivier Renault\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eToday's most complete, up-to-date reference for controlling credit risk exposure of all types, in every environment\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring and Managing Credit Risk takes you far beyond the Basel guidelines to detail a powerful, proven program for understanding and controlling your firm's credit risk. Providing hands-on answers on practical topics from capital management to correlations, and supporting its theories with up-to-the-minute data and insights, this authoritative book examines every key aspect of credit risk, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eDeterminants of credit risk and pricing\/spread implications \u003c\/li\u003e\n\u003cli\u003eQuantitative models for moving beyond Altman's Z score to separate \"good\" borrowers from \"bad\" \u003c\/li\u003e\n\u003cli\u003eKey determinants of loss given default, and potential links between recovery rates and probabilities of default \u003c\/li\u003e\n\u003cli\u003eMeasures of dependency including linear correlation, and the impact of correlation on portfolio losses \u003c\/li\u003e\n\u003cli\u003eA detailed review of five of today's most popular portfolio models--CreditMetrics, CreditPortfolioView, Portfolio Risk Tracker, CreditRisk+, and Portfolio Manager \u003c\/li\u003e\n\u003cli\u003eHow credit risk is reflected in the prices and yields of individual securities \u003c\/li\u003e\n\u003cli\u003eHow derivatives and securitization instruments can be used to transfer and repackage credit risk \u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eToday's credit risk measurement and management tools and techniques provide organizations with dramatically improved strength and flexibility, not only in mitigating risk but also in improving overall financial performance. Measuring and Managing Credit Risk introduces and explores each of these tools, along with the rapidly evolving global credit environment, to provide bankers and other financial decision-makers with the know-how to avoid excessive credit risk where possible--and mitigate it when necessary.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eState-of-the-art tools and techniques for controlling credit risk exposure of all types, in every environment\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe oldest risk in world financial markets--credit risk--has become a leading source of problems and confusion, not just for bankers and investors but for all finance professionals. \u003ci\u003eThe Standard \u0026amp; Poor's Guide to Measuring and Managing Credit Risk \u003c\/i\u003ewill help you understand every aspect of credit risk, and provide you with today's most up-to-date techniques and models for identifying, measuring, monitoring, and controlling your organization's credit risk exposure.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePraise for \u003ci\u003eThe Standard \u0026amp; Poor's Guide to Measuring and Managing Credit Risk\u003c\/i\u003e \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"de Servigny and Renault have written a valuable reference book on the analytics of credit markets. Theory and data are integrated seamlessly throughout the manuscript. The mathematical treatment is complete, though not overbearing. The economics, pricing, structuring and capital allocation aspects are artfully combined into a coherent whole.\"\u003c\/p\u003e \u003cp\u003e--Jamil Baz, Global Head of Fixed Income Research, Deutsche Bank\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\"This is much more than just a 'how to' book--it is analytically complete in that it looks at the microeconomics of industry structure to understand why credit risks have to be measured and monitored as well as being comprehensive in covering all the different approaches used to monitor and measure credit risk.\"\u003c\/p\u003e \u003cp\u003e--Bunt Ghosh, Global Head of Fixed Income Research, Credit Suisse First Boston \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\"This extensive work, really clear while dealing with sophisticated methodologies, is right in the heart of today's concerns.\" \u003cp\u003e--Jean-Pierre Mustier, CEO, SG Corporate and Investment Banking\u003c\/p\u003e \u003cp\u003e\u003cb\u003e\"de Servigny and Renault provide a comprehensive treatment of all aspects of modern credit risk measurement, management, and mitigation, not only for large corporations but also for retail and small business (with an excellent chapter on credit scoring). This book is an absolute must for both academics and risk professionals, especially those struggling with the implementation of Basel II.\"\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e--Michel Crouhy, Head of Business Analytic Solutions, Canadian Imperial Bank of Commerce\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFast-changing regulations, transformative technologies, and today's go-for-broke business mentality present investment banks and other lenders with default problems that are both unprecedented and daunting. To keep pace with this change, finance professionals are finding they must continually review and upgrade their credit risk management tools and techniques.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Standard \u0026amp; Poor's Guide to Measuring and Managing Credit Risk \u003c\/i\u003etakes you far beyond the Basel guidelines to detail a powerful, proven program for understanding and controlling your firm's credit risk. Providing hands-on answers on practical topics from capital management to correlations, and supporting its theories with discerning data and insights, this authoritative book examines every key aspect of credit risk, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eDeterminants of credit risk and pricing\/spread implications \u003c\/li\u003e\n\u003cli\u003eQuantitative models for moving beyond Altman's Z score to separate \"good\" borrowers from \"bad\" \u003c\/li\u003e\n\u003cli\u003eKey determinants of loss given default, and potential links between recovery rates and probabilities of default \u003c\/li\u003e\n\u003cli\u003eMeasures of dependency including linear correlation, and the impact of correlation on portfolio losses \u003c\/li\u003e\n\u003cli\u003eA detailed review of five of today's most popular portfolio models--CreditMetrics, CreditPortfolioView, Portfolio Risk Tracker, CreditRisk+, and Portfolio Manager \u003c\/li\u003e\n\u003cli\u003eHow credit risk is reflected in the prices and yields of individual securities \u003c\/li\u003e\n\u003cli\u003eHow derivatives and securitization instruments can be used to transfer and repackage credit risk \u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eToday's credit risk measurement and management tools and techniques provide organizations with dramatically improved strength and flexibility, not only in mitigating risk but also in improving overall financial performance. \u003ci\u003eThe Standard \u0026amp; Poor's Guide to Measuring and Managing Credit Risk \u003c\/i\u003eintroduces and explores each of these tools, along with the rapidly evolving global credit environment, to provide bankers and other financial decision-makers with the know-how to avoid excessive credit risk where possible--and mitigate it when necessary. \u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eArnaud de Servigny, Ph.D.\u003c\/b\u003e, is the head of Quantitative Analytics for Standard \u0026amp; Poor's. A popular speaker at conferences and seminars throughout Europe, de Servigny is the author of a number of books and articles on finance and credit risk.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eOlivier Renault, Ph.D.\u003c\/b\u003e, \u003cb\u003e \u003c\/b\u003eworks in portfolio modeling in the quantitative analytics and products team for Standard \u0026amp; Poor's Risk Solutions. Prior to joining Standard and Poor's, Olivier was a lecturer on finance at the London School of Economics where he taught derivatives and risk.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 480\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.5 x 9.34 x 5.92 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e May 05, 2004\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51762932678944,"sku":"9780071417556","price":90.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/d4a1c25b418391cef327989375d7a102_f9e7b0db-e91e-4537-bf70-c5c2ebd6a6f6.webp?v=1780226439","url":"https:\/\/ebocreations.com\/products\/measuring-and-managing-credit-risk-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}