The Principles of Banking

Moorad Choudhry 지음

Wiley 2012년 06월 13일 출간

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The ultimate guide for bank management: how to survive and thrive throughout the business cycleAn essential guide for bankers and students of finance everywhere, The Principles of Banking reiterates that the primary requirement of bankingm-sound capital and liquidity risk managementm-had been forgotten in the years prior to the financial crash. Serving as a policy guide for market practitioners and regulators at all levels, the book explains the keys to success that bankers need to follow during good times in order to be prepared for the bad, providing in-depth guidance and technical analysis of exactly what constitutes good banking practice.Accessible to professionals and students alike, The Principles of Banking covers issues of practical importance to bank practitioners, including asset-liability management, liquidity risk, internal transfer pricing, capital management, stress testing, and more. With an emphasis on viewing business cycles as patterns of stable and stressful market behavior, and rich with worked examples illustrating the key principles of bank asset-liability management, the book is an essential policy guide for today and tomorrow. It also offers readers access to an accompanying website holding policy templates and teaching aids.Illustrates how unsound banking practices that were evident in previous bank crashes were repeated during the creation of the 2007-2008 financial market crisisProvides a template that can be used to create a sound liquidity and asset-liability management framework at any bankAn essential resource for the international banking community as it seeks to re-establish its credibility, as well as for students of financeExplains the original principles of banking, including sound lending policy and liquidity management, and why these need to be restated in order to avoid another bank crisis at the time of the next economic recessionCovers to

목차

Forewords xiiiPreface xviiAcknowledgements xxiiiAbout the Author xxvPART I A PRIMER ON BANKING 1CHAPTER 1 A primer on bank business and balance sheet risk 3CHAPTER 2 Bank regulatory capital 75CHAPTER 3 Banking and credit risk 131CHAPTER 4 A primer on securitisation 179CHAPTER 5 The yield curve 221PART II BANK ASSET AND LIABILITY MANAGEMENT 351CHAPTER 6 Asset&n-liability management I 353CHAPTER 7 Asset&n-liability management II 385CHAPTER 8 Asset&n-liability management III: Trading and hedging principles 445CHAPTER 9 Asset&n-liability management IV: The ALCO 493CHAPTER 10 The ALCO: Terms of reference and treasury operating model 503CHAPTER 11 Risk reporting, risk policy and stress testing 531PART III BANK LIQUIDITY RISK MANAGEMENT 587CHAPTER 12 Principles of bank liquidity management 589CHAPTER 13 Liquidity risk metrics 653CHAPTER 14 Liquidity risk reporting and stress testing 687CHAPTER 15 Internal funds pricing policy 715PART IV BANK STRATEGY AND GOVERNANCE 759CHAPTER 16 Bank strategy I: Formulating strategy and direction 761CHAPTER 17 Bank strategy II: Capital and funding management 801CHAPTER 18 Principles of corporate governance 831PART V APPLICATIONS SOFTWARE, POLICY TEMPLATES AND TEACHING AIDS 861CHAPTER 19 Applications software, policy templates and spreadsheet models 863Afterword 867List of terms and their abbreviations 869Index 875

출판사 서평

"Moorad Choudhry&'s 'The Principles of Banking' opens up a portal into the world of sophisticated, dynamic, capital markets-based commercial banking. He gives us the big picture, the precise details and a framework for analyzing the enormous risks facing these firms. The book is an invaluable resource." -- Jean Helwege, J. Henry Fellers Professor of Business Administration, Department of Finance, University of South Carolina"This book is a ‘‘must read&'&' for all senior bankers. There is no writer better than Moorad Choudhry for communicating the vital principles of liquidity, capital and asset-liability management and bank corporate governance." -- Professor Carol Alexander, Chair of Financial Risk Management, ICMA Centre, University of Reading Chair of the Board, Professional Risk Manager&'s International Association"'The Principles of Banking' is ideal reading for anyone planning or developing a career in banking. Professor Choudhry&'s coverage is fully integrated, clear, and authoritative. There is no better practitioner&'s guide to this subject." -- Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University"The failure of the US banking system in 2007&n-2008 can be effectively described by failing to apply the principles and strategies discussed by Moorad Choudhry. Indeed, banks should understand the dynamic interaction of the economy, credit losses and interest rates, and utilize the strategies within to balance the extremes, and prioritize strategies based upon return of capital and return on capital." -- Joe Jennings CFA, Former Managing Director, Sterne Agee Leach, Inc., Memphis, TN"Asset and liability management (ALM) is at the heart of any bank. Among many of its functions, keeping the bank liquid and fixing the ‘‘value&'&' of mon

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저자(글) Moorad Choudhry

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Moorad Choudhry is Treasurer, Corporate Banking Division at The Royal Bank of Scotland.He is Visiting Professor at the Department of Mathematical Sciences, Brunel University; VisitingProfessor at the Department of Economics, London Metropolitan University; and Visiting Teaching Fellow at the Department of Management, Birkbeck, University of London. He is a Fellow of the Chartered Institute for Securities Investment and a Fellow of the ifs-School of Finance.He lives in Surrey, England.