Abstract
The majority of bankers with whom I met during my research expressed the opinion that, in general, credit risk models should incorporate an element of compliance to policies established by the board, the rules set by regulators, and the law of the land. Many pressed the point that institutions and their credit risk systems should account for what happens at the tail of the credit distribution, the outliers shown in Figure 5.1 as an example.
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Notes
D.N. Chorafas, Agent Technology Handbook (New York: McGraw-Hill, 1998).
D.N. Chorafas, Credit Derivatives and the Management of Risk (New York: New York Institute of Finance, 2000).
D.N. Chorafas, Managing Risk in the New Economy (New York: New York Institute of Finance, New York, 2001).
D.N. Chorafas, Credit Derivatives and the Management of Risk (New York: New York Institute of Finance, 2000).
D.N. Chorafas, ‘Reliable Financial Reporting and Internal Control: A Global Implementation Guide’ (New York: John Wiley, New York, 2000).
D.N. Chorafas, Credit Derivatives and the Management of Risk (New York: New York Institute of Finance, 2000).
D.N. Chorafas, Chaos Theory in the Financial Markets (Chicago: Probus 1994).
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© 2002 Dimitris N. Chorafas
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Chorafas, D.N. (2002). Debts and the Use of Models in Evaluating Credit Risk. In: Modelling the Survival of Financial and Industrial Enterprises. Palgrave Macmillan, London. https://doi.org/10.1057/9780230501737_5
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DOI: https://doi.org/10.1057/9780230501737_5
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