By Moorad Choudhry
An advent to Banking presents an creation to liquidity possibility administration and asset-liability administration. It starts with an outline of recent banking, the targets of a financial institution, how they function, and the way a breakdown within the banking process contributed to the concern. next chapters introduce the elemental workings of a financial institution and discover ALM and liquidity possibility administration in better element. As regulators flow to implement liquidity hazard administration in banks, and ongoing must greater deal with a bank's resources and liabilities, this e-book is a must have reference for all finance practitioners.
Read or Download An Introduction to Banking: Liquidity Risk and Asset-Liability Management PDF
Best risk management books
This e-book offers the result of an entry to monetary companies survey administered to Nepali families in 2005 and explains what hinders entry via low source of revenue families and small companies to monetary associations. The hindrances are pointed out at the foundation of an in-depth research of the functionality of the microfinance area and of chosen banks.
Making company hazard administration repay exhibits how most sensible businesses are reworking threat administration into an built-in, non-stop, extensively centred self-discipline that identifies and assesses dangers extra successfully, responds extra accurately, and discovers not only "downsides" yet leap forward possibilities to boot.
In international probability Agility and choice Making, Daniel Wagner and Dante Disparte, top experts in international threat administration, make a compelling case for the necessity to deliver conventional methods to chance administration and selection making into the twenty-first century. in line with their very own deep and multi-faceted adventure in chance administration throughout a number of enterprises in dozens of nations, the authors demand a better experience of urgency from company forums, selection makers, line managers, policymakers, and probability practitioners to deal with and get to the bottom of the plethora of demanding situations dealing with today’s inner most and public quarter corporations.
- Safety-I and Safety-II: The Past and Future of Safety Management
- China's Capital Markets
- Disorganized Crimes: Why Corporate Governance and Government Intervention Failed, and What We Can Do About It
- Counterparty Credit Risk: The new challenge for global financial markets (The Wiley Finance Series)
Additional resources for An Introduction to Banking: Liquidity Risk and Asset-Liability Management
Dealers will want to know the interest day base for a currency before dealing in it as foreign exchange (FX) or money markets. 1 Bloomberg screen DCX used for US dollar market, 3-month loan taken out for value 18 November 2005. P. All rights reserved. Used with permission. users can use screen DCX to look up the number of days of an interest period. 1 shows screen DCX for the US dollar market, for a loan taken out on 16 November 2005 for spot value on 18 November 2005 for a straight 3-month period.
2 The trading book records wholesale market transactions, such as market-making and proprietary trading in bonds and derivatives. Again, speaking simply, the primary difference between the two books is that the overriding principle of the banking book is one of ‘buy and hold’—that is, a long-term acquisition. Assets may be held on the book for up to 30 years or longer. The trading book is just that, it employs a trading philosophy so that assets may be held for very short terms, less than one day in some cases.
BANK BUSINESS AND CAPITAL 19 a proportion of revenue. 5. The return on equity (ROE) measure is probably the most commonly encountered and is usually part of bank strategy, with a target ROE level stated explicitly in management objectives. Note that there is a difference between accounting ROE and market ROE; the latter is calculated as a price return, rather like a standard P&L calculation, taken as the difference between market prices between two dates. During the 1990s, and certainly into 2005, average required ROE was in the order of 15% or higher – with investment banks usually set a higher target of 20%, 22% or even higher for certain higher risk business.
An Introduction to Banking: Liquidity Risk and Asset-Liability Management by Moorad Choudhry