Measurement and Management of Credit Risk

Author: Yu Yan
Publisher:
Publish Date: 2003-10-01
Features: Credit risk has always been one of the main risks undertaken by financial institutions. The success or failure of financial institutions is closely related to whether they properly assess and manage credit risk. Therefore, in today's complex and ever-changing financial environment, how to improve the assessment and management of modern credit risk is one of the major challenges faced by financial institutions. This book focuses on a comprehensive and systematic study of the assessment and management of modern credit risk, aiming to address the shortcomings in the field of credit risk research within China and narrow the gap between China and the rest of the world in this area. This will enhance the ability of Chinese financial institutions to assess and manage modern credit risk, better adapt to the more severe competitive environment resulting from the entry of foreign financial institutions after China's accession to the WTO, and prepare more thoroughly for the potential increase in credit risk that may arise from the greater market risks in financial markets once interest rates are liberalized and the RMB is fully convertible. Therefore, the content of this book not only has strong practical significance but also possesses a certain forward-looking perspective.