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Credit Risk Scorecards: Developing and Implementing Intelligent Credit Scoring (Wiley and SAS Business Series)
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Binding: Hardcover
Dewey Decimal Number: 658.88
EAN: 9780471754510
ISBN: 047175451X
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 208
Publication Date: October 17, 2005
Publisher: Wiley
Studio: Wiley
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Editorial Review:
Praise for Credit Risk Scorecards
"Scorecard development is important to retail financial services in terms of credit risk management, Basel II compliance, and marketing of credit products. Credit Risk Scorecards provides insight into professional practices in different stages of credit scorecard development, such as model building, validation, and implementation. The book should be compulsory reading for modern credit risk managers."
—Michael C. S. Wong Associate Professor of Finance, City University of Hong Kong Hong Kong Regional Director, Global Association of Risk Professionals
"Siddiqi offers a practical, step-by-step guide for developing and implementing successful credit scorecards. He relays the key steps in an ordered and simple-to-follow fashion. A 'must read' for anyone managing the development of a scorecard."
—Jonathan G. Baum Chief Risk Officer, GE Consumer Finance, Europe
"A comprehensive guide, not only for scorecard specialists but for all consumer credit professionals. The book provides the A-to-Z of scorecard development, implementation, and monitoring processes. This is an important read for all consumer-lending practitioners."
—Satinder Ahluwalia Vice President and Head-Retail Credit, Mashreqbank, UAE
"This practical text provides a strong foundation in the technical issues involved in building credit scoring models. This book will become required reading for all those working in this area."
—J. Michael Hardin, PhD Professor of StatisticsDepartment of Information Systems, Statistics, and Management ScienceDirector, Institute of Business Intelligence
"Mr. Siddiqi has captured the true essence of the credit risk practitioner's primary tool, the predictive scorecard. He has combined both art and science in demonstrating the critical advantages that scorecards achieve when employed in marketing, acquisition, account management, and recoveries. This text should be part of every risk manager's library."
—Stephen D. Morris Director, Credit Risk, ING Bank of Canada
The development of better, intelligent credit risk scorecards calls for the use of statistical principles for specific business objectives like being able to predict losses better. Credit Risk Scorecards presents a business-focused process for the development and implementation of these risk prediction scorecards. It describes how risk scorecards can be a powerful tool for risk managers who need to improve the bottom line in their organizations, as well as how they can develop and implement them using internal resources.
Customer Reviews
Average Rating: 
Rating:  - A fantastic book for managers
A fantastic book for managers. The development of scorecards involves seriously sophisticated statistics, such that without a Phd in statistics, there is no point in trying. Due to this, most books on this topic fall into one of two categories: 1. Far too mathematically advanced for ordinary readers. 2. So basic as to be of no practical use. This book is somewhere in the middle. Thus, it caters for managers, providing easy to understand, yet thorough plain English explanations of all key topics, ... Read More
Rating: - Great Starting Point for Scorecard Development
This is an excellent resource for people and organizations creating scorecards. It covers a wide assortment of topics in just enough detail to provide the "nuts and bolts." The author provided much of the material for The SAS Institute's training program on scorecard development as well. NOTE: the volume is somewhat slim and should not be considered an "encyclopedia," so if that's what you need, you'll need to augment this with other resources.
Rating:  - Experience.
This review is written by the author of a competing book, so any comments made must be taken with a grain of salt.
Mr. Siddiqi's book focuses on the development of in-house scoring capabilities, covering a broad range of development and implementation issues. Unfortunately, very few references are provided. The author obviously has a lot of experience (he works for SAS Canada), but at times the limits show. There are times when I feel that without the backing of SAS, and the current ... Read More
Rating: - Excellent
Credit scoring is of course of enormous importance not only to lending institutions but also to individual borrowers who benefit from high credit scores when obtaining personal, commercial, and mortgage loans. The details of how the credit scores are calculated though are frequently proprietary, so it is imperative to understand the generalities behind credit scoring if one is to make reasonable judgments on its use and its risks. This short book gives an elementary introduction to credit scoring and ... Read More
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