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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