The Journal of Credit Risk is led by Linda Allen from the Federal Reserve Board and Nikunj Kapadia from University of Massachusetts.

Professor Linda Allen holds the William F. Aldinger Chair in Banking and Finance the Zicklin School of Business, Baruch College, City University of New York. Over the course of a distinguished career, she has lectured and advised all over the world on topics of risk measurement and management, banking trends and financial market development. Professor Allen has published extensively in leading academic journals in finance and economics and is an associate editor of many finance journals, including The Journal of Credit Risk, where she has been an active member of the board since January 2018. Today, her broad areas of research are risk measurement and management, with a specific focus on systemic risk, credit risk and operational risk; the evolution of financial markets and bank regulation; and the organization of financial institutions. She also maintains an active consulting practice for securities litigation. Professor Allen’s most recent book, Credit Risk Measurement In and Out of Crisis: New Approaches to Value at Risk and Other Paradigms, 3rd edition (Wiley, 2010) co-authored with Anthony Saunders describes the global financial crisis that began in 2007, as well as deconstructing credit risk measurement models commonly used by bankers and other finance professionals. She is also the author of Capital Markets and Institutions: A Global View (Wiley, 1997) and co-author of Understanding Market, Credit and Operational Risk (Blackwell, 2004).

Based in Amherst, MA, Nikunj Kapadia is the Chair and Professor of Finance at the Isenberg School of Management of the University of Massachusetts. He holds a Ph. D. in Finance from the Stern School of Business, New York University, and a MBA from the Indian Institute of Management, Bangalore. Nikunj is broadly interested in the areas of credit and equity derivatives. In previous research, he has looked at the pricing of credit default swaps, the information content of credit ratings, and the evolution of market-wide default risk. He has also investigated the pricing of the variance risk premium, and has developed indices to measure skew and tail risk from option prices. He is currently interested in the evolution of liquidity across equity and derivative markets.

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