About the author: Amit Seru is a senior fellow at the Hoover Institution and the Stanford Institute for Economic Policy Research and a Steven and Roberta Denning professor of finance at the Stanford ...

This paper introduces a continuous-time extension to the influential CreditRisk+ model for portfolio credit risk modeling. For capital calculations it introduces a risk measure based on the maximum of ...

This article was written by Jerome Barkate, Nakul Nair, Zane Van Dusen, and Scott Coulter. We are witnessing a remarkable period in the credit markets. Following years of accommodative monetary ...

Discover how a risk management framework helps companies identify, manage, and limit risks while balancing growth and protecting capital and earnings.

You probably know that when the Fed raises or lowers its benchmark interest rate, known as the federal funds rate, it can influence borrowing costs. When the Fed raises rates, borrowing tends to get ...

A relatively new and growing form of lending in Europe is enabling banks to reduce costs, get around provisioning requirements and potentially boost returns by classifying certain debts as lower risk ...

I recently wrote about how Treasuries have come to represent a larger share of the US bond market, prompted by heavy US government debt issuance. Only as an aside did I mention that corporate debt has ...

CRTs have changed since the financial crisis. But the eventual credit cycle turn is likely to show again that weaker banks' CRT use merely transformed, but did not eliminate, risk, writes Jill Cetina.