An Introduction to Credit Risk Management

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8/10 stars
based on  9 reviews
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Cost FREE
Start Date TBA
An Introduction to Credit Risk Management

Course Details

Cost

FREE

Upcoming Schedule

  • TBA

Course Provider

edX online courses
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be tau...
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

Provider Subject Specialization
Sciences & Technology
Business & Management
22145 reviews

Course Description

Imagine that you are a bank and a main part of your daily business is to lend money. Unfortunately, lending money is a risky business - there is no 100% guarantee that you will get all your money back. If the borrower defaults, you will face losses in your portfolio. Or, in a bit less extreme scenario, if the credit quality of your counterparty deteriorates according to some rating system, the loan will become more risky. These are typical situations in which credit risk manifests itself.

According to the Basel Accord, a global regulation framework for financial institutions, credit risk is one of the three fundamental risks a bank or any other regulated financial institution has to face when operating in the markets (the two other risks being market risk and operational risk). As the 2008 financial crisis has shown us, a correct understanding of credit risk and the ability to manage it are fundamental in today’s world.

This co...

Imagine that you are a bank and a main part of your daily business is to lend money. Unfortunately, lending money is a risky business - there is no 100% guarantee that you will get all your money back. If the borrower defaults, you will face losses in your portfolio. Or, in a bit less extreme scenario, if the credit quality of your counterparty deteriorates according to some rating system, the loan will become more risky. These are typical situations in which credit risk manifests itself.

According to the Basel Accord, a global regulation framework for financial institutions, credit risk is one of the three fundamental risks a bank or any other regulated financial institution has to face when operating in the markets (the two other risks being market risk and operational risk). As the 2008 financial crisis has shown us, a correct understanding of credit risk and the ability to manage it are fundamental in today’s world.

This course offers you an introduction to credit risk modelling and hedging. We will approach credit risk from the point of view of banks, but most of the tools and models we will overview can be beneficial at the corporate level as well.

At the end of the course, you will be able to understand and correctly use the basic tools of credit risk management, both from a theoretical and, most of all, a practical point of view. This will be a quite unconventional course. For each methodology, we will analyse its strengths as well as its weaknesses. We will do this in a rigorous way, but also with fun: there is no need to be boring.

Thanks to the wonderful feedback of last year’s students, the course has been further improved.
Follow us on Twitter @CRMooc for updates and hints about the course.

FAQs

What is the estimated effort for course?

About 6 hrs/week.

How much does it cost to take the course?

Nothing! The course is free.

Will the text of the lectures be available?

Yes. All of our lectures will have transcripts synced to the videos.

Do I need to watch the lectures live?

No. You can watch the lectures at your leisure.

Will certificates be awarded?

Yes. Online learners who achieve a passing grade in a course can earn a certificate of achievement. These certificates will indicate you have successfully completed the course, but will not include a specific grade. Certificates will be issued by edX under the name of DelftX, designating the institution from which the course originated.

Can I contact the Instructor or Teaching Assistants?

Yes, but not directly. The discussion forums are the appropriate venue for questions about the course. The instructors will monitor the discussion forums and try to respond to the most important questions; in many cases response from other students and peers will be adequate and faster.

Is this course related to campus courses of Delft University of Technology?

Yes, this course can be seen as an evolution of the WI3421TU Risk Management course, a compulsory course of the Minor Finance at TU Delft.

Reviews 8/10 stars
9 Reviews for An Introduction to Credit Risk Management

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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.

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Student

8/10 starsCompleted
4 years, 2 months ago
A nice introductory course. Materials are of good quality and the topics are interesting. The lecturer is ok. I would love a more advanced course, to complete my knowledge.
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Nelson Jorge profile image
Nelson Jorge profile image
10/10 starsCompleted
  • 1 review
  • 1 completed
4 years, 5 months ago
New edition of this course starting April 15th 2015! Follow this [link to enrol](https://www.edx.org/course/introduction-credit-risk-management-delftx- tw3421x#.VIWERslNeRM).
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yeting zhou profile image
yeting zhou profile image
5/10 starsCompleted
  • 1 review
  • 1 completed
4 years, 11 months ago
I like this course. It's fundamental as well as interesting. Besides teacher's slides, we also get lots of other useful information.
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student

9/10 starsCompleted
5 years ago
I do not agree with the previous negative comment. This course is good and the academic level is ok for an introduction to credit risk. The professor has some Italian accent, but he is always clear and funny. It could be better...as everything. Mark.
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student

1/10 starsCompleted
5 years ago
Time waste !!! Accent is horrible, you have to read notepad after rotating 90º, explanations are very approximative, speed is unsustainable... nothing academic is there besides "learn on your own", the tests are a pain and very quickly you don't even get the solution to the exercises. The spirit of this course is definitely not to teach you anything. Regarding R, nothing there. Return to bank and leave the education industry!
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leonard mangini profile image
leonard mangini profile image
8/10 starsCompleted
  • 39 reviews
  • 37 completed
4 years, 10 months ago
I'm a certified FRM and this course strengthened my credit risk understanding to complement my insurance, asset and ops risk practical expertise. Breezy, engaging, and informative- although the lectures are a bit short there are plenty of links to offline written content that allows one to find material all centralized for in depth understanding
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student

9/10 starsCompleted
5 years ago
I like this course, because it teaches a lot of useful things. I have finally understood credit ratings and how to use them! Some topics are difficult for me because I am not very strong in maths but I am trying my best to complete the course. The teacher is very good.
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student

10/10 starsCompleted
5 years ago
This is the best course I have had so far on edx. The instructor gives very interesting and funny classes and he is always willing to help students on the course forum. If you like finance, this is a course not to miss.
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student

9/10 starsCompleted
5 years ago
it's an awesome course.... i'm enjoying every second. interesting concepts and fun-to-do math problems
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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.