
The Handbook of Credit Risk Management
Description
Alles über E-Books | Antworten auf Fragen rund um E-Books, Kopierschutz und Dateiformate finden Sie in unserem Info- & Hilfebereich.
In the newly revised Second Edition of The Handbook of Credit Risk Management: Originating, Assessing, and Managing Credit Exposures, veteran financial risk experts Sylvain Bouteillé and Dr. Diane Coogan-Pushner deliver a holistic roadmap to credit risk management (CRM) ideal for students and the busy professional.
The authors have created an accessible and practical CRM resource consistent with a commonly implemented risk management framework. Divided into four sections--Origination, Credit Assessment, Portfolio Management, and Mitigation and Transfer--the book explains why CRM is critical to the success of large institutions and why organizational structure matters.
The Second Edition of The Handbook of Credit Risk Management also includes:
* Newly updated and enriched data, charts, and content
* Three brand new chapters on consumer finance, state and local credit risk, and sovereign risk
* New ancillary material designed to support higher education and bank credit training educators, including case studies, quizzes, and slides
Perfect for risk managers, corporate treasurers, auditors, and credit risk underwriters, this latest edition of The Handbook of Credit Risk Management will also prove to be an invaluable addition to the libraries of financial analysts, regulators, portfolio managers, and actuaries seeking a comprehensive and up-to-date guide on credit risk management.
More details
Other editions
Additional editions

Persons
DIANE COOGAN-PUSHNER, PhD, has decades of experience in the financial services industry, working most recently as the Chief Risk Officer of Navigator's Group, Inc., a publicly traded insurer. She received her doctorate from Boston University and is a CFA¯® charterholder.
Content
- Cover
- Title Page
- Copyright Page
- Contents
- Preface
- Acknowledgments
- About the Companion Website
- Part One Origination
- Chapter 1 Fundamentals of Credit Risk
- What is Credit Risk?
- Types of Transactions that Create Credit Risk
- Who is Exposed to Credit Risk?
- Why Manage Credit Risk?
- Chapter 2 Governance
- Guidelines
- Skills
- Setting Limits
- Oversight
- Final Words
- Chapter 3 Checklist for Origination
- Does the Transaction Fit into My Strategy?
- Does the Risk Fit into My Existing Portfolio?
- Do I Understand the Credit Risk?
- Does the Seller Keep an Interest in the Deal?
- Are the Proper Mitigants in Place?
- Is the Legal Documentation Satisfactory?
- Is the Deal Priced Adequately?
- Do I Have the Skills to Monitor the Exposure?
- Is There an Exit Strategy?
- Final Words
- Part Two Credit Assessment
- Chapter 4 Measurement of Credit Risk
- Exposure
- Probability of Default
- The Recovery Rate
- The Tenor
- Direct versus Contingent Exposure
- The Expected Loss
- Chapter 5 Dynamic Credit Exposure
- Long-Term Supply Agreements
- Derivative Products
- The Economic Value of a Contract
- Mark-to-Market Valuation
- Value at Risk (VaR)
- Chapter 6 Fundamental Credit Analysis
- Accounting Basics
- A Typical Credit Report
- Agency Conflict, Incentives, and Merton's View of Default Risk
- Final Words
- Chapter 7 Alternative Estimations of Credit Quality
- The Evolution of an Indicator: Moody's Analytics EDFT
- Credit Default Swap Prices
- Bond Prices
- Final Words
- Chapter 8 Consumer Finance
- What Is Consumer Finance?
- Segmentation of Consumer Finance Products
- Major Families of Consumer Finance Products
- Assessment of Credit Quality
- Decisions by Lenders
- Regulatory Environment
- Chapter 9 State and Local Government Credit
- State and Local Governments
- Exposure Types
- Assessing Credit Risk
- Managing Credit Risk
- Final Words
- Chapter 10 Sovereign Credit Risk
- Sovereign Borrowers
- Types of Sovereign Bonds
- Sovereign Debt Market
- Credit Analysis
- Mitigation
- Default and Recovery
- Final Words
- Chapter 11 Securitization
- Asset Securitization Overview
- The Collateral
- The Issuer
- The Securities
- Main Families of ABSs
- Securitization for Risk Transfer
- Credit Risk Assessment of ABS
- Warehousing Risk
- Final Words
- Chapter 12 Collateral Loan Obligations (CLOs)
- Overview of the Corporate Loan Market
- What Are CLOs?
- Arbitrage CLOs
- Balance Sheet CLOs
- ABS CDOs
- Credit Analysis of CLOs
- Part Three Portfolio Management
- Chapter 13 Credit Portfolio Management
- Level 1
- Level 2
- Level 3
- Organizational Setup and Staffing
- The IACPM
- Final Words
- Chapter 14 Economic Capital and Credit Value at Risk (CVaR)
- Capital: Economic, Regulatory, Shareholder
- Defining Losses: Default versus Mark-to-Market (MTM)
- Credit Value at Risk or CVaR
- Creating the Loss Distribution
- Active Portfolio Management and CVaR
- Pricing
- Final Words
- Chapter 15 Regulation
- Doing Business with a Regulated Entity
- Doing Business as a Regulated Entity
- How Regulation Matters: Key Regulation Directives
- Final Words
- Chapter 16 Accounting Implications of Credit Risk
- Loan Impairment
- Loan-Loss Accounting
- Regulatory Requirements for Loan-Loss Reserves
- Impairment of Debt Securities
- Derecognition of Assets
- Consolidation of Variable Interest Entities (VIEs)
- Accounting for Netting
- Hedge Accounting
- Credit Valuation Adjustments, Debit Valuation Adjustments, and Own Credit Risk Adjustment
- IFRS 7
- Final Words
- Part Four Mitigation and Transfer
- Chapter 17 Mitigating Derivative Counterparty Credit Risk
- Measurement of Counterparty Credit Risk
- Mitigation of Counterparty Credit Risk through Collateralization
- Legal Documentation
- Dealers versus End Users
- Bilateral Transactions versus Central Counterparty Clearing
- Prime Brokers
- Repurchase Agreements
- Final Words
- Chapter 18 Structural Mitigation
- Transactions with Corporates
- Transactions with Special Purpose Vehicles
- Chapter 19 Credit Insurance, Surety Bonds, and Letters of Credit
- Credit Insurance
- Surety Bonds
- Letters of Credit or LoCs
- The Providers' Point of View
- Final Words
- Chapter 20 Credit Derivatives
- The Product
- The Settlement Process
- Valuation and Accounting Treatment
- Uses of CDSs
- Credit Default Swaps for Credit and Price Discovery
- Credit Default Swaps and Insurance
- Indexes, Loan CDSs, MCDSs, and ABS CDSs
- Chapter 21 Bankruptcy
- What Is Bankruptcy?
- Patterns of Bankrupt Companies
- Signaling Actions
- Examples of Bankruptcies
- Final Words
- About the Authors
- Index
- EULA
System requirements
File format: PDF
Copy-Protection: Adobe-DRM (Digital Rights Management)
System requirements:
- Computer (Windows; MacOS X; Linux): Install the free reader Adobe Digital Editions prior to download (see eBook Help).
- Tablet/smartphone (Android; iOS): Install the free app Adobe Digital Editions or the app PocketBook before downloading (see eBook Help).
- E-reader: Bookeen, Kobo, Pocketbook, Sony, Tolino and many more (only limited: Kindle).
The file format PDF always displays a book page identically on any hardware. This makes PDF suitable for complex layouts such as those used in textbooks and reference books (images, tables, columns, footnotes). Unfortunately, on the small screens of e-readers or smartphones, PDFs are rather annoying, requiring too much scrolling.
This eBook uses Adobe-DRM, a „hard” copy protection. If the necessary requirements are not met, unfortunately you will not be able to open the eBook. You will therefore need to prepare your reading hardware before downloading.
Please note: We strongly recommend that you authorise using your personal Adobe ID after installation of any reading software.
For more information, see our eBook Help page.