The Moorad Choudhry Anthology, + Website: Past, Present and Future Principles of Banking and Finance

ISBN-13: 9781118779736 / Angielski / Twarda / 2018 / 1328 str.

Moorad (London Metropolitan University; University of Readin

Opis

The definitive and timeless guide to the principles of banking and finance, addressing and meeting the challenges of competition, strategy, regulation and the digital age. Moorad Choudhry Anthology compiles the best of renowned author Professor Moorad Choudhry's incisive writings on financial markets and bank risk management, together with new material that reflects the legislative changes in the post-crisis world of finance and the impact of digitization and global competition. Covering the developments and principles of banking from the 1950s to today, this unique book outlines the author's recommended best practices in all aspects of bank strategy, governance and risk management, including asset-liability management, liquidity risk management, capital planning, Treasury risk, and corporate framework, and describes a "vision of the future" with respect to a sustainable bank business model. You will gain the insight of a global authority on topics essential to retail, corporate, and investment/wholesale banking, including strategy, risk appetite, funding policies, regulatory requirements, valuation, and much more. The companion website is a goldmine for senior practitioners that provides templates that can applied in virtually any bank, including policy documents, pricing models, committee terms of reference, teaching aids and learning tools including PowerPoint slides and spreadsheet models. These facilitate a deeper understanding of the subject and the requirements of the senior executive, making this book an ideal companion for practitioners, graduate students and professional students alike. The intense demand for knowledge and expertise in asset-liability management, liquidity, and capital management has been driven by the regulatory challenges of Basel III, the European Union's CRDIV, the Volcker Rule, Dodd-Frank Act, and a myriad of other new regulations. This book meets that need by providing you with a complete background and modern insight on every aspect of bank risk management.

• Re-engage with timeless principles of finance that apply in every market and which are the drivers of principles of risk management
• Learn strategic asset liability management practices that suit today's economic environment
• Adopt new best practices for liquidity models and choosing the appropriate liquidity risk management framework
• Examine optimum capital and funding model recommendations for corporate, retail, and investment/wholesale banks

• Dig deeper into derivatives risk management, balance sheet capital management, funding policy, and more
• Apply best-practice corporate governance frameworks that ensure a perpetual and viable robust balance sheet
• Adopt strategy formulation principles that reflect the long-term imperative of the banking business

In the 21^st century more than ever banks need to "re-learn" traditional risk management principles and apply them every day. Every bank in the world needs to be up to speed on these issues, and Anthology from Professor Moorad Choudhry is the answer to this new global policy response.

Spis treści

Foreword xvii
Paul Fisher

Foreword xxi
Professor Alexander Lipton

Foreword xxiii
Rundheersing Bheenick

Preface xxv

Acknowledgments xxxi

About the Author xxxix

List of Extract Book Titles xli

PART I PRINCIPLES OF BANKING, FINANCE AND FINANCIAL PRODUCTS 3

CHAPTER 1 A Primer on Banking, Finance and Financial Instruments 5

CHAPTER 2 Derivative Instruments and Hedging 121

CHAPTER 3 The Yield Curve 273

CHAPTER 4 Eurobonds, Securitisation and Structured Finance 345

PART II BANK REGULATORY CAPITAL AND RISK MANAGEMENT 407

CHAPTER 5 Banks and Risk Management 409

CHAPTER 6 Banks and Credit Risk 465

CHAPTER 7 Understanding and Managing Operational Risk 523

CHAPTER 8 Regulatory Capital and the Capital Adequacy Assessment Process 541

CHAPTER 9 Financial Statements, Ratio Analysis, and Credit Analysis 617

PART III BANK TREASURY AND STRATEGIC ASSET LIABILITY MANAGEMENT 653

CHAPTER 10 The Bank Treasury Operating Model and ALCO Governance Process Best–Practice 655

CHAPTER 11 Bank Asset Liability Management (ALM) and Strategic ALM 697

CHAPTER 12 Liquidity and Funding: Policy, Management, and Risk Management 795

CHAPTER 13 Market Risk and Non–Traded Market Risk (Interest–Rate Risk in the Banking Book) 971

CHAPTER 14 The Future of Bank Treasury and Balance Sheet Risk Management 1033

CHAPTER 15 Regulatory Reporting and Principles of Policy Documentation 1055

PART IVTHE FUTURE OF BANKING: STRATEGY, GOVERNANCE AND CULTURE 1087

CHAPTER 16 Strategy Setting: Principles for Sustained Bank Viability 1091

CHAPTER 17 Present and Future Principles of Governance and Culture 1147

CHAPTER 18 Present and Future Principles of Banking: Business Model and Customer Service 1187

PART V CASE STUDIES: ANALYSIS, COHERENT ADVICE AND PROBLEM SOLVING 1211

CHAPTER 19 Case Studies: Analysis, Coherent Advice and Problem Solving 1213

CHAPTER 20 Guide to the Website 1245

Afterword 1251

Index 1253

O autorze

PROFESSOR MOORAD CHOUDHRY lectures on the MSc Finance programme at University of Kent Business School. He was previously Treasurer, Corporate Banking Division at The Royal Bank of Scotland.

Moorad is a Fellow of the Chartered Institute for Securities & Investment, a Fellow of the London Institute of Banking and Finance, and a Fellow of the Institute of Directors. He was born in Bangladesh, and lives in Surrey, England.

Blurb

Praise for The Moorad Choudhry Anthology

"Any professional involved with banking can use this thorough reference text covering a bank′s intermediary role, the nature of its balance sheet, how yield curves work, regulatory capital, and the fundamentals of bank strategy, conduct, credit, liquidity, and asset–liability management. Moorad Choudhry writes in a way that is technical and detailed while still readable and understandable. While bringing in current concepts such as derivatives, securitization and stress testing, he emphasizes throughout the book that the basic conservative principles of bank management, strategic planning and corporate governance remain the same. An excellent work."
Henry A. Davis, Editor, Journal of Structured Finance, and Journal of Investment Compliance, Washington DC

"The Moorad Choudhry Anthology is Google for financial professionals! This mega resource is a first aid kit for boiling minds of bankers and a guide–dog for those who want to get started in the world of financial markets and institutions. Prof. Choudhry masterfully deep dives into details of risk measurement and management of financial instruments as well as discourses on global topics like principles and perspectives of banking business and finance overall. This highly awaited book will definitely find a place on the desks of every practitioner and academician."
Polina Bardaeva, PhD, FRM, Director Group ALM, Treasury, Sberbank, Moscow

"Easily the most important publication on finance and banking since the crash."
Mohamoud Dualeh, Head of Product Development, Alizz Islamic Bank, Muscat

"Moorad Choudhry, based on a rock–solid understanding of the original principles of banking, writes a book that is a thorough and practical guide to develop a strategic and forward–looking ALM function that takes into account the interaction among business cycles, interest rates, liquidity and credit losses. Essential reading for a bank manager."
Fernando Dasso, Chief Financial Officer, Credicorp, Lima

"The Moorad Choudhry Anthology is a must–read for all risk professionals in banking. The comprehensive account of the essentials across Asset– Liability and Liquidity Management is an authoritative reference, highly recommended for all practitioners serious with their careers in treasury and risk management in banks."
Tay Kay Luan, CEO, Asian Institute of Chartered Bankers, Kuala Lumpur