Since the publication of the second edition of The Credit Risk of
Complex Derivatives in 1997, the world of derivatives has gone through a
period of dramatic change - in the external operating environment,
product and market characteristic and risk management techniques. In the
light of these changes, the text has been substantially reorganized,
updated and expanded. Several new chapters have been added including: *
Derivative losses * Risk governance and risk management efforts *
Regulatory initiatives and advances * Credit risk portfolio models
Aimed at clients, intermediaries and regulators, this edition will be
focused clearly on risk education, risk management and risk disclosure
in order to make participation in derivatives more secure, transparent,
efficient and beneficial.