Kredi riski ve risk yönetimi

The financial risk has increasing impact on the financial institutions over the past two decades. It's developed and implemented a lot of sophisticated models during this period. These models have gained popularity not only among bank managers, but also in amendments to the international bank regulatory framework. One of the most popular source of the financial risk is the credit or default risk. Many developments related with the credit risk are taken place including developments of statistical models, changes of regulatory issues, increasing of data sources. In the light of these developments, it is important to understand how to control the credit risk so as to gain the competitive advantage and try to minimize the loss due to credit/default risk. The objective of this thesis is the presenting the ways of how to control and mitigate the credit risk and bring out the latest improvements of the regulatory or legal issues. Risk and especially credit risk is explained briefly in the introduction of this thesis, the financial risks are explained in the second part, and following the second part, it's explained credit risk, credit risk models and VaR. Finally, in the fourth part detailed information about the credit risk ratings and its impacts on the credit risk management models have been given. Key Words :Risk, Financial Risks, Credit/Default Risk, Risk Rating.