Counterparty Credit Risk: The New Challenge for Global Financial Markets (Wiley Finance Series) - Tapa dura

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Dr Jon Gregory is a consultant specialising in the area of counterparty risk. He started his career at Salomon Brothers (now Citigroup). From 1997 to 2005, he worked for BNP Paribas, initially developing the framework for the pricing and management of counterparty risk for the fixed income division and later being part of the rapid growth of the credit derivatives business. From 2005 to 2008, he was Global Head of Credit Analytics at Barclays Capital based in London. He has published many papers in the area of credit risk, recently looking at some of the complex counterparty risk issues in relation to the credit crisis. In 2001, he was co-author of the book Credit: The Complete Guide to Pricing, Hedging and Risk Management , short-listed for the Kulp-Wright Book Award for the most significant text in the field of risk management and insurance. Jon holds a PhD from Cambridge University.

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"Gregory has given us the first fully integrated treatment of counterparty credit risk. He delivers an authoritative and clear explanation of the nature of counterparty risk, as well as its measurement, market valuation, and management. He includes lessons learned from the financial crisis, and coverage of important related business issues, including collateralisation, capital requirements and central clearing. Essentially any risk manager, regulator, policy maker, or scholar concerned with over-the-counter derivatives markets will find this an indispensable guide."
Darrell Duffie, Dean Witter Distinguished Professor of Finance at The Graduate School of Business, Stanford University

"Jon Gregory is an all too rare individual, a state-of-the-art quant who knows the limits of mathematical analysis and who can also express himself effectively with words. Counterparty Credit Risk: The New Challenge for Global Financial Markets provides a solid exposition of the conceptual and institutional aspects of this complex form of risk. He relies mainly on graphics and examples to illustrate his points, banishing most mathematical formulas to chapter appendices that can safely be skipped by the interested non-specialist. I highly recommend this book to any intelligent layperson who seeks a better understanding of counterparty credit risk and its public policy implications."
David M. Rowe, EVP for Risk Management, SunGard, Long-time Risk Analysis columnist for Risk magazine

"Congratulations to Jon Gregory. This is a very readable book about an area that has become increasingly important to all financial institutions."
Professor John Hull, Maple Financial Professor of Derivatives and Risk Management,
Joseph L. Rotman School of Management, University of Toronto, Canada