Dr. LAM Yat-fai (林日辉博士), Doctor of Business Administration,

CFA, CAIA, CAMS, FRM, PRM

Mr. KWAN Tak-wah Edward (关德华律师), Master of Laws

Prof. LAI Kin-keung (黎建强讲座教授), PhD in Transportation Engineering

and Operations Research

Jointly authored by:

This book is developed for teaching a one semester course in credit risk management at undergraduate and MBA levels as the first course in financial risk management. Readers are assumed no prior knowledge in financial risk management.