From the Inside Flap
With the economic fallout from the financial crisis, beginning in the late 2000s, it has become more crucial than ever for risk managers to have a clear understanding of sound credit risk management principles and processes.
The Handbook of Credit Risk Management presents a comprehensive overview of the practice of credit risk management (CRM) for large institutions. In this hands-on resource, Sylvain Bouteillé and Diane Coogan-Pushnernoted experts on the topic of financial risk managementoffer a comprehensive framework and solutions helpful not just for financial institutions, pension funds, or other institutions with large invested asset portfolios, but also for non-financial corporations or any organization having critical customer, supplier, banking, or counterparty relationships.
The Handbook is written in a straightforward, accessible style and presented in a logical format that is consistent with a commonly employed risk management framework. This reliable resource offers a holistic treatment of CRM and includes a checklist of nine key questions that must be answered before accepting any transaction generating credit risk. In addition, the authors outline the four sequential steps to the management of credit riskorigination, credit assessment, portfolio management, and mitigation and transferand show how these steps must interact to protect an organization's balance sheet.
Comprehensive in scope, this book covers a wealth of topics including fundamental and alternative credit analysis, securitization, credit portfolio management, economic capital, credit insurance, surety bonds, letters of credit, credit risk measurement, credit derivatives, and much more.
The Handbook of Credit Risk Management is an indispensable resource for risk managers wanting to strengthen their skills with tangible, real-world applications of credit risk management, which their organizations can readily implement.
From the Back Cover
Praise for The Handbook of Credit Risk Management/p>
"Bouteillé and Coogan-Pushner successfully capture the basics of credit risk with this straightforward, easy-to-read script providing a comprehensive overview of credit instruments and modern risk practices. A recommended study for those focused upon learning the nuts and bolts of credit risk management."
Loretta M. Hennessey, President, L. Hennessey Associates LLC, and first chair, International Association of Credit Portfolio Managers (IACPM)
The ongoing financial crisis reminds us of the relevance of sound credit risk management principles and processes. The worldwide economic downturn serves as a powerful wake-up call for company executives and financial institutions across the globe. Even simple financial transactions performed on a daily basis can create heavy losses and jeopardize the very existence of a firm.
Written for any professional involved in credit risk, The Handbook of Credit Risk Management offers a comprehensive treatment of the essential elements that define the process and principles of credit risk management. The fundamental approach of this book is that credit risk management is more than the art of assessing single name counterparties and individual transactions. In this important resource, Sylvain Bouteillé and Diane Coogan-Pushner present a comprehensive framework centered around four sequential steps: origination, credit risk assessment, portfolio management, and mitigation and transfer.
Understanding credit risk management as a discipline is more important than ever before. With this book as your guide, you'll gain valuable insights into its various aspects and how to apply this framework in real-world situations.