Anonymous shelf assessment
Understanding Credit Risk Transfer
Shelf score 7.0 / 10
On Credit Risk Transfer: Developments in Securitization · Gopal Laryea · Giovanni Majnoni · World Bank
Published 23 March 2026
This work explores the mechanisms of securitization and credit risk transfer.
Overview
Published by the World Bank in 2006, 'Credit Risk Transfer: Developments in Securitization' offers an intermediate-level examination of credit risk transfer mechanisms within a financial stability framework. The authors, Gopal Laryea and Giovanni Majnoni, focus on the regulatory and systemic implications of these mechanisms, making the book particularly relevant for risk managers and regulators.
The text provides insights into the mechanics of risk transfer, emphasising the importance of understanding these processes in the context of maintaining financial stability. However, it is noted that the book lacks detailed transaction-level analysis, which may limit its applicability for those seeking in-depth case studies or specific transaction examples.
By area & interest
Financial Stability Focus
The book is framed around the concept of financial stability, highlighting how credit risk transfer mechanisms can impact overall economic health.
Target Audience
Designed for analysts and risk managers, the content is tailored to those involved in regulatory and oversight roles within financial institutions.
Regulatory Insights
It discusses the regulatory implications of credit risk transfer, making it a valuable resource for policymakers and regulators.
Basis of this assessment
This assessment is based on the catalogue description and Google Books metadata.
Strengths
The book's strengths lie in its focus on financial stability and its relevance to regulatory discussions surrounding credit risk transfer.
Limitations
A notable limitation is the lack of detailed transaction-level information, which may restrict its usefulness for practitioners seeking specific case studies.
Ideal reader
This book is ideal for risk managers, analysts, and regulators looking to deepen their understanding of credit risk transfer mechanisms and their implications for financial stability.