By Moorad Choudhry
Banks are an essential component of the worldwide economic system, and the essence of banking is asset-liability administration (ALM). This ebook is a entire remedy of a major monetary marketplace self-discipline. A reference textual content for all these serious about banking and the debt capital markets, it describes the innovations, items and paintings of ALM. topics lined contain financial institution capital, cash marketplace buying and selling, possibility administration, regulatory capital and yield curve analysis.
Highlights of the e-book comprise distinct insurance of:
- liquidity, hole and investment threat management
- hedging utilizing interest-rate derivatives and credit derivatives
- impact of Basel II
- securitisation and stability sheet management
- structured finance items together with asset-backed advertisement paper, mortgage-backed securities, collateralised debt tasks and based funding automobiles, and their function in ALM
- treasury operations and crew move pricing.
Concepts and strategies are illustrated with case reports and labored examples. Written in obtainable sort, this e-book is vital studying for marketplace practitioners, financial institution regulators and graduate scholars in banking and finance.
Includes loose CD-ROM that includes software program on purposes defined within the e-book, together with a yield curve version, cubic spline spreadsheet calculator and CDO waterfall version.
Read Online or Download Bank Asset and Liability Management: Strategy, Trading, Analysis PDF
Similar banks & banking books
This publication is the tale of ways 4 busy executives, from diverse backgrounds and diverse views, have been stunned to discover themselves converging at the concept of narrative as a very precious lens for knowing and handling corporations within the twenty-first century. the concept narrative and storytelling might be so strong a device on the planet of agencies was once at the beginning counter-intuitive.
The Evolution of significant Banks employs quite a lot of ancient facts and reassesses present financial research to argue that the advance of non-profit-maximizing and noncompetitive important banks to oversee and keep an eye on the economic banking procedure fulfils an important and typical functionality.
World wide, a revolution is happening in finance for low-income humans. The microfinance revolution is offering monetary providers to the economically lively negative on a wide scale via competing, financially self-sufficient associations. In a number of international locations this has already occurred; in others it's less than approach.
The Silver Bomb isn't really a e-book approximately a few predictive monetary philosophy, yet relatively a frank, no-excuses glimpse on the present kingdom of items, and a good, candid, examine logical results. The prestidigitations of critical banking, that have till lately been protected against scrutiny by means of a cloak of pro-banking cultural bias, are laid naked inside of those pages.
- Handbook of the Economics of Finance, Volume 2B: Asset Pricing
- Introduction to Banking
- Handbook of Management Accounting Research
- The WetFeet Insider Guide to Citigroup's Corporate & Investment Bank
Additional resources for Bank Asset and Liability Management: Strategy, Trading, Analysis
3 Components of a bank balance sheet Assets Liabilities Cash Short-term liabilities Loans Deposits Financial instruments (long) Financial instruments (short) Fixed assets Long-dated debt Off-balance sheet (receivables) EquityOff-balance sheet (liabilities) Profit & loss report The income statement for a bank is the p&l report and it records all the income, and losses, during a specified period of time. A bank income statement will show revenues that can be accounted for as either net interest income, fees and commissions, and trading income.
ALM is concerned with, among other things, the efficient management of banking capital. It therefore concerns itself with all banking operations, even if the day-to-day contact between the ALM desk (or Treasury desk) with other parts of the bank is remote. The ALM desk will be responsible for the treasury and money markets activities of the entire bank. 1. This is not to say that the ALM function does all these activities; rather, it is just to make clear that all the various activities represent assets and liabilities for the bank, and one central function is responsible for this side of these activities.
Corporate banking flourished after legislation in 1858 approved limited liability for stock-issuing banks. com) c. 3000 – c. 2000 BC Development of Banking in Mesopotamia c. 350 BC Many banking services offered in Ancient Greece 476 AD Roman Empire falls. Coins cease to be used as medium of exchange in Britain 1232 – 1253 Gold coins are issued by several Italian states 1401 Bank of Barcelona founded 1403 Charging interest on loans is ruled legal in Florence 1407 Bank of St George, Genoa, founded 1585 Bank of Genoa founded 1587 Banco di Rialto, Venice, founded 1600 The London East India Company is founded c.