Credit Risk Management and Basel II

Manufacturer: Risk Books Availability: Usually ships in 24 hours List Price:$194.00 Our Price:$194.00 Authors: Mohan Bhatia Description:

Reviews:

Disappointed
I am very disappointed with this book.

Being an opt-in bank, we were looking for a good book on credit risk for our Basel II implementation program. This book seemed the most appropriate - the description & table of contents looked good and had one good review. The fact that this was from riskbooks gave us additional assurance.

The book turned out to be a big disappointment:

1. Has no substance or insights and does not discuss the challenges in a Basel II implementation

2. Surpisingly, many of the descriptions/explanations are flawed - the description about linkages of credit risk to macroeconomic factors, a section on willingness to pay, transition risk and law of large numbers (to name a few) were amusing!!

3. Was not coherent at multiple places

Caveat Emptor



Very Very Disappointing
This book is obviously a fast projectile. They is pieces taken of various articles and gone up in an incoherent way. Moreover, the author chose to pulverize the text with graphs, some outlines and some formulaes, often nonrelevant and apparently arbitrarily selected.


Stay away from this book
Being given the price and the fact that this fact part of the series of book of risk, I awaited with interest a good, serious book on the execution of the risk of Credit rating with the accent on Basle II. The book however, is very disappointing with many regards. It often proves that the author took some words à.la.mode and mixed their unit in a contradictoire/illogic way. The concepts presented together often are very muddling or do not include themselves/understand at all. After having worked in industry during more than 12 years myself, I strongly advise against this book: no matter if the beginner or the expert... spends your 200 USD in something more useful.


Excellent!!!
This is a type of book that every practitioner in credit risk managemet should have on its shelf. The style of writting is narrative and very easy to follow. For those who have experience in modeling/scoring this will provide a nice overview and a reminder and perhaps even fill some gaps. I think the real winners are those who are thinking of getting into the field. This is an excellent choice. It will provide you with an appropriate background so that you can actually talk to people and start conducting projects at work. All in all the book is a little gem.
The book is not very technical, the author makes sure one understands the concepts and then I guess can move on to some more serious statistical text.



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