Matthias Gundlach: Ph.D. in Mathematics (University of Warwick, UK), 8 years of research and teaching of mathematics (stochastics, dynamical systems, applied mathematics) at the University of Bremen (Germany), habilitation in mathematics (1999, University of Bremen). Since 2000 expert for credit risk modeling in Aareal Bank AG, Wiesbaden, Germany.

Frank Lehrbass: Ph.D. in Economics (University of Dortmund, FRG), 10 years of working experience in investment banking (index, equity, interest rate, hybrid, credit derivatives, trading systems & artificial intelligence) and credit risk management. Since 2002 Head of Portfolio Management / Structured Investments, Credit Treasury, Deutsche Genossenschafts-Hypothekenbank AG, Hamburg, Germany.

no competing book exists or is planned

the group of authors included several of the orginal creators of the model CR+

all authors are expert practitioners of credit risk models

the authors represent cumulative experience from several banks across the globe

the book is timely! Banks worldwide are implementing risk measurement models to comply with the rules of the Basel II convention. Credit risk is a particularly sensitive topic.

CR+ is based on mathematics that is available to everyone (articles and algorithms) and accessible to people with the scientific background usual for risk managers.

CR+ provides good insight into important aspects of risk management.

The book also looks at alternative ideas, comparing them critically against CR+

Includes supplementary material: [...]