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Evolution of approaches to credit risk management of the commercial banks


Vladimir Ageev, Pavel Chernyshov
(about the authors)

Ageev Vladimir Igorevich – Postgraduate Student of Finances and Credit Academic Department, Master of Economics, Lomonosov Moscow State University

Chernyshov Pavel Vitalyevich – Postgraduate Student of Finances and Credit Academic Department, Master of Economics, Lomonosov Moscow State University

Published in:
Russian Journal of Entrepreneurship
– № 19 / October, 2013



Keywords: credit default swap, credit risk models, default derivative, risk management


Citation:
Vladimir Ageev, Pavel Chernyshov (2013). Evolution of approaches to credit risk management of the commercial banks. Russian Journal of Entrepreneurship, 14(19), 59-68. — url: http://bgscience.ru/com/lib/4397


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Abstract:

Quantitative measurement of risk is an important component of risk management in commercial banks. A new approach to the credit risk assessment is the use of credit derivatives, including credit default swaps (Credit Default Swap - CDS). This paper presents a review of the risk management development. Approaches to credit risk management are analyzed, the main stages and triggers for development are identified.







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