Credit Risk Measurement and Management: Disruption and Evolution
Discipline: Credit, Quantitative Analysis, Derivatives & Options
Credit risk management is in an evolutionary state.
This evolution affects players globally in complex ways, changing how businesses must operate and adapt their risk practices.
Cultural shifts toward quantitative methods that leverage large amounts of data have entered into an environment that has thus far relied upon relationships and subjectivity. Against a backdrop of further regulatory requirements and a dynamic political and economic environment, new fintech entrants are disrupting and forcing incumbents to accept the strident reality and to evolve.
Credit Risk Measurement and Management: Disruption and Evolution, edited by Amnon Levy and Jing Zhang, provides a comprehensive treatment of the subject, explaining how credit portfolio management and credit markets have evolved, and will evolve further in this new era. The book explains the new requirements, presents implementation solutions, and discusses the operational and business impacts.