Fundamentals of Credit Risk (FRM Part 2 - Book 2 - Credit Risk Measurement and Management - Ch 1)

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After completing this reading, you should be able to:
Define credit risk and explain how it arises using examples.
Explain the distinctions between insolvency, default, and bankruptcy.
Identify and describe transactions that generate credit risk.
Describe the entities that are exposed to credit risk and explain circumstances under which exposure occurs.
Discuss the motivations for managing or taking on credit risk.

[@arnosgarage4144]

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[@jfancis12]

are there notes to go along with this available?

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