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By Thomas C. Wilson

"A price administration framework designed particularly for banking and assurance the price administration instruction manual is a complete, sensible reference written particularly for financial institution and coverage valuation and cost administration. Spelling out how the finance and danger features upload worth of their respective spheres, this publication offers a framework for measuring - and extra importantly, influencing - the price of the firm Read more...


a price administration framework designed in particular for banking and coverage the price administration guide is a finished, sensible reference written in particular for financial institution and insurance Read more...

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Extra resources for Value and capital management : a handbook for the finance and risk functions of financial institutions

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Given increased shareholder activism and the benefits of a higher valuation multiple in terms of making acquisitions both firms and management teams that are not able to successfully adapt are destined to pass by the wayside. However, this is where the analogy breaks down. Whereas evolution breeds success in incremental changes over eons or through sudden, uncontrolled genetic mutations, the management of a bank or insurer has the capability to consciously redesign, adapt and improve itself. Top-performing institutions by definition excel in the core areas of distribution, operations, underwriting and balance sheet management and allocate capital optimally to current and future profitable growth opportunities.

Regularly monitor, discuss and challenge operating performance with the CEO and business unit leaders through monthly/quarterly business reviews. Drive cross-divisional and corporate-level improvements in the areas of expense management, capital efficiency, corporate development, etc. BALANCE SHEET, LIQUIDITY AND CAPITAL MANAGEMENT ■ 6 Optimize the capital financing structure and other financial resources against external constraints set by rating agencies and regulators and those set internally by the firm’s own risk appetite.

While growth in earnings may be a Siren’s song, one cannot ignore risk and capital when setting strategies and allocating capital for risk-based, capitalintensive businesses. Balance Sheet Management: Why It Is Important and Challenging Balance sheet management encompasses three core disciplines, each of which can have a significant impact on value. ■ ■ ■ The capital and financing structure of the firm. Capital structure and financial leverage directly influence the firm’s return on equity and weighted average cost of capital; in addition, operational leverage is key to the banking business model.

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