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Saunders and Cornett’s Financial Institutions Management: A Risk Management Approach 5/e focuses on managing return and risk in modern financial institutions. The central theme is that the risks faced by financial institutions managers and the methods and markets through which these risks are managed are becoming increasingly similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company. Although the traditional nature of each sector’s product activity is analyzed, a greater emphasis is placed on new areas of activities such as…mehr

Produktbeschreibung
Saunders and Cornett’s Financial Institutions Management: A Risk Management Approach 5/e focuses on managing return and risk in modern financial institutions. The central theme is that the risks faced by financial institutions managers and the methods and markets through which these risks are managed are becoming increasingly similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company. Although the traditional nature of each sector’s product activity is analyzed, a greater emphasis is placed on new areas of activities such as asset securitization, off-balance-sheet banking, and international banking.

Table of contents:
Part I Introduction Ch. 1 Why Are Financial Intermediaries Special? Ch. 2 The Financial Services Industry: Depository Institutions Ch. 3 The Financial Services Industry: Insurance Companies Ch. 4 The Financial Services Industry: Securities Firms and Investment Banks Ch. 5 The Financial Services Industry: Mutual Funds Ch. 6 The Financial Services Industry: Finance Companies Ch. 7 Risks of Financial Intermediation Part II Measuring Risk Ch. 8 Interest Rate Risk I Ch. 9 Interest Rate Risk II Ch. 10 Market Risk Ch. 11 Credit Risk: Individual Loan Risk Ch. 12 Credit Risk: Loan Portfolio and Concentration Risk Ch. 13 Off-Balance Sheet Risk Ch. 14 Technology and Other Operational Risks Ch. 15 Foreign Exchange Risk Ch. 16 Sovereign Risk Ch. 17 Liquidity Risk Part III Managing Risk Ch. 18 Liability and Liquidity Management Ch. 19 Deposit Insurance and Other Liability Guarantees Ch. 20 Capital Adequacy Ch. 21 Product Diversification Ch. 22 Geographic Diversification: Domestic Ch. 23 Geographic Diversification: International Ch. 24 Futures and Forwards Ch. 25 Options, Caps, Floors, and Collars Ch. 26 Swaps Ch. 27 Loan Sales and Other Credit Management Techniques Ch. 28 Securitization
Autorenporträt
Anthony Saunders is the John M. Schiff Professor of Finance and the Chair of the Department of Finance at the Stern School of Business at New York University. Professor Saunders received his PhD from the London School of Economics and has taught both undergraduate and graduate level courses at NYU since 1978. Throughout his academic career, his teaching and research have specialized in financial institutions and international banking. He has served as a visiting professor all over the world, including INSEAD, the Stockholm School of Economics, and the University of Melbourne. He is currently on the Executive Committee of the Salomon Center for the Study of Financial Institutions, NYU. His research has been published in all the major money and banking and finance journals and in several books. In addition, he has authored or co-authored several professional books, the most recent of which is Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms, John Wiley and Sons, New York, 1999