piThe Handbook of Credit Risk Management, Second Editioni presents a comprehensive overview of the practice of credit risk management CRM for a large institution. We introduce readers to credit risk by defining it, outlining how institutions are exposed to it, explaining why its management is critical to the success of an institution, and why an institution's organizational structure matters. The book is then divided into four sections, each covering an essential step of CRM Origination, Credit Assessment, Portfolio Management, and Mitigation Transfer.p pThe Handbook offers a holistic treatment of credit risk management, unlike some highly technical books on particular facets of CRM such as credit scoring and distance-to-loss models, is specifically written to be readable and simple to understand, and presented in a logical format that is consistent with a commonly employed risk management framework Identification, Measurement, PricingCapital Allocation, Mitigation and TransferDistrib