Ashish Dev

Editors-in-chief: Ashish Dev and Michael Gordy

The management of credit risk has become significantly quantitative and depend on data for analytical purposes. These are the focus of articles published in JCR

The Journal of Credit Risk is led by Ashish Dev and Michael Gordy from the Federal Reserve Board.

Ashish Dev was previously at JPMorgan Chase. Prior to joining JPMC Ashish was practice leader at niche consulting firm Promontory Financial in its New York office. His involvement with Risk Magazine started from the days when he was Executive Vice President, enterprise risk management at KeyCorp. Previous to KeyCorp, Ashish was senior Vice President in finance/treasury at Bank One. Ashish was also a member of the IIF working group on operational risk (WGOR) which was instrumental in developing the fundamental framework for capital for operational risk that become the predominant approach in the industry for purposes of Basel II Advanced Measurement Approaches (AMA). In 2009, Ashish was awarded one of the “top faces of operational risk” for making the operational risk discipline what it is today.

Michael Gordy is a Principal Economist at the Federal Reserve Board in Washington, DC. He has held visiting appointments at Princeton and at Indian School of Business, and is a recipient of Risk's 2004 Quant of the Year and GARP's 2003 Financial Risk Manager of the Year awards. Most of his research pertains to the measurement and pricing of credit risk at the single-name and portfolio levels, to the computation and estimation of such models, and to regulatory applications such as minimum capital requirements. In addition to his editorship at The Journal of Credit Risk, Michael serves as an associate editor of the Journal of Banking and Finance, the International Journal of Central Banking, and Global Credit Review. Michael received his PhD in economics from MIT in 1994.

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