Financial Institutions Management: A Risk Management Approach 9th Edition
by Anthony Saunders Professor (Author)
About the Author
Anthony Saunders received his Ph.D. from the London School of Economics. He is John M. Schiff Professor of Finance and the former chair of the Department of Finance at the Stern School of Business at New York University. Dr. Saunders has taught both undergraduate and graduate level courses at New York University 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, New York University. 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.
About this book
Saunders and Cornett's Financial Institutions Management: A Risk Management Approach provides an innovative approach that 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.
Brief contents
PART ONE Introduction 1
1 Why Are Financial Institutions Special? 2
2 Financial Services: Depository Institutions 26
3 Financial Services: Finance Companies 70
4 Financial Services: Securities Firms and Investment Banks 86
5 Financial Services: Mutual Fund and Hedge Fund Companies 114
6 Financial Services: Insurance Companies 151
7 Risks of Financial Institutions 177
PART TWO Measuring Risk 199
8 Interest Rate Risk I 200
9 Interest Rate Risk II 231
10 Credit Risk: Individual Loan Risk 279
11 Credit Risk: Loan Portfolio and Concentration Risk 331
12 Liquidity Risk 357
13 Foreign Exchange Risk 391
14 Sovereign Risk 422
15 Market Risk 449
16 Off-Balance-Sheet Risk 485
17 Technology and Other Operational Risks 513
PART THREE Managing Risk 545
18 Liability and Liquidity Management 546
19 Deposit Insurance and Other Liability Guarantees 576
20 Capital Adequacy 612
21 Product and Geographic Expansion 659
22 Futures and Forwards 698
23 Options, Caps, Floors, and Collars 735
24 Swaps 773
25 Loan Sales 803
26 Securitization 819
Index 863
Pages: 912 pages
Publisher: McGraw-Hill Education; 9 edition (February 13, 2017)
Language: English
ISBN-10: 1260152774
ISBN-13: 978-1260152777
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