Managing Credit Risk

The book is quite good,even it needs to be updated a little. However it provides only the qualitative side of the credit world.

Overall this is an effective overview of credit risk, particularly useful for training new staff or for explaining credit risk concepts to non-experts involved in the risk management process. This book certainly has some shortcomings as pointed out in the prior review.

This second edition publishes ten years after the first. Much has changed in credit risk, but the book suffers unfortunate timing: while some chapters reference the 2007+ credit crunch, none of the employed databases do (e.