Managing Credit Risk : The Next Great Financial Challenge (Frontiers in Finance Series)

Rating:
Summary: Comprehensive Resource on Credit Risk Management
Review: Overall this book is a good overview of credit risk managment issues and techniques. The treatment of high yield is particularly good, and much of this information is unique to this resource. The writing is accessible to beginners, and the content is a useful reference for experienced professionals.

Rating:
Summary: Executive Summary on Managing Credit Risk
Review: This book is good overview on current status of the credit risk management. I recommend it to those who need to get quick overview on what it takes. It compares classic credit analysis with new approaches, explains the credit culture etc. However this can not be used as a single source of information. You will need additional books. Do not expect to get mathematical formulas in this book. There is only very few of them, which is benefitial here, because the book is easy to understand. What you will get is a vision on how the credit risk should be managed. If you seek specific advices on how to manage credit risk than there are better books like Managing Bank Risk: An Introduction to Broad-Base Credit Engineering from Morton Glanz.

Rating:
Summary: Too good to be true?
Review: While the recent comment "Comprehensive Resource on Credit Risk Management" is very good in many ways, I wish it explains more in the low yielding instruments, like the wit it shows in the treatment of high yield.