Todays most complete, up-to-date reference for controlling credit risk exposure of all types, in every environment

While credit risk may be the oldest source of risk in the financial markets, todays fastchanging regulations and transformative technologies present investment banks with problems that are new and daunting. The Standard & Poors Guide to Measuring and Managing Credit Risk provides financial professionals with a comprehensive course on all aspects of todays increasingly complex credit risk environment, along with newer tools and strategies they can use to identify, measure, monitor, and control risk.

Moving far beyond the Basel guidelines, this in-depth guide takes a global view of the issue, explaining how credit risk is linked more than ever to markets and how to manage it accordingly. Filled with trusted Standard & Poors data and insight, this hands-on book discusses:

• Three types of default correlation and how to address each
  
• Quantitative approaches for default risk modeling
  
• Derivative and securitization techniques for increasing liquidity