Financial Institutions Management: A Risk Management Approach / Edition 8

by Anthony Saunders Professor, Marcia Millon Cornett

Overview

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.

Product Details

ISBN-13:	9780078034800
Publisher:	McGraw-Hill Education
Publication date:	09/27/2013
Pages:	912
Product dimensions:	8.80(w) x 10.20(h) x 1.50(d)
Age Range:	18 Years

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.

Marcia Millon Cornett received a B.S. in economics from Knox College and her M.B.A. and Ph.D. in finance from Indiana University, Bloomington. She is Robert A. and Julia E. Dorn Professor of Finance at Bentley University. Dr. Cornett is co-author with Anthony Saunders of Financial Institutions Management and Financial Markets and Institutions. She serves as an associate editor for the Journal of Banking and Finance, the Journal of Financial Services Research, Review of Financial Economics, Financial Review, and Multinational Finance Journal. Dr. Cornett has served on the board of directors, the executive committee, and the finance committee of the Southern Illinois University Credit Union. Dr. Cornett has taught at Southern Illinois University at Carbondale, the University of Colorado, Boston College, and Southern Methodist University. She is a member of the Financial Management Association, the American Finance Association, and the Western Finance Association.

Table of Contents

Part I Introduction
1 Why Are Financial Institutions Special?
2 Financial Services: Depository Institutions
3 Financial Services: Finance Companies
4 Financial Services: Securities Brokerage and Investment Banking
5 Financial Services: Mutual Funds and Hedge Funds
6 Financial Services: Insurance
7 Risks of Financial Institutions

Part II Measuring Risk
8 Interest Rate Risk I
9 Interest Rate Risk II
10 Credit Risk: Individual Loan Risk
11 Credit Risk: Loan Portfolio and Concentration Risk
12 Liquidity Risk
13 Foreign Exchange Risk
14 Sovereign Risk
15 Market Risk
16 Off-Balance-Sheet Risk)
17 Technology and Other Operational Risks

Part III Managing Risk
18 Liability and Liquidity Management
19 Deposit Insurance and Other Liability Guarantees
20 Capital Adequacy
21 Product and Geographic Expansion
22 Futures and Forwards
23 Options, Caps, Floors, and Collars
24 Swaps
25 Loan Sales
26 Securitization