At the end of 2005, the Research Task Force project group on the interaction of market and credit risk received the mandate, first, to collect and summarise information on the state of the art of measuring the interaction of market and credit risk, and second, to set up and to conduct its own research projects in a rather broad field.
As this was a vastly unexplored research area, the new working group has become one of the most research-oriented groups of the Research Task Force. Ladies and Gentlemen, this conference contributes to bringing together three groups involved with the interaction of market and credit risk: bank practitioners, regulators, and researchers. The need to make them exchange their ideas and knowledge is obvious.