Introduction | Introduction | TW3421x Courseware | edX

DelftX: TW3421x Credit Risk Management

Courseware

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Info

Syllabus

Discussion

cluis

Progress

Acronyms

An Introduction to
R

Welcome
Week 1:Introduction
Introduction

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Lesson 1: Credit
Risk

Lesson 2: Basel II

Lesson 3: Basel III

Summary

The Sofa

Weekly Discussion

Ladies and Gentlemen,

WELCOME TO WEEK 1!
I am very glad that you have chosen to attend this Mooc, your Mooc, our Mooc.
The aim of this week is to introduce the first concepts of the course.
For some students, this week could be a repetition of something they already
know; but you will see that the complexity of the course will increase gradually,
in order to give everyone the opportunity to learn the basics of credit risk
management (check the course syllabus for more details).
Moreover, according to an old Latin saying: Repetita iuvant (repetitions help in
better understanding).
IMPORTANT: if you are not familiar with risk management, do not be scared.
Allow yourself the time to familiarize with these new topics. Many definitions and
acronyms will be new for you, but during the course they will become clearer and

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Introduction | Introduction | TW3421x Courseware | edX

clearer.
In this week I will cite the Value-at-Risk, the RWA, and other quantities that we
will study together in Weeks 2 and 3. Try to look at the big picture, at the
general ideas. Details will come in due time.
Today, we will start by defining what credit risk is, and this makes totally sense.
Before dealing with the management of credit risk, we need to know what we are
speaking about.
We will see that credit risk, a very pervasive risk in our societies, consists of
different elements.
In a second phase, we willcontextualize credit risk within the Basel Accords
framework, a set of international standards for bank regulations (but with a
strong influence on international companies as well). This is necessary to develop
the right approach to credit risk.
It is finally time to start...
Turn up the volume, and get ready to discuss on the course forum.
Let's go!
Dr. Pasquale Cirillo

Picture under CC license:Money Hedge - Tax Credits

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Introduction | Introduction | TW3421x Courseware | edX

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