Overview

Every banker who is in touch with their industry, and keen to progress, needs to know how banking activities contribute to value creation and how to ensure risks are controlled. They need to know how to evaluate performances on a risk-adjusted basis. And how to price loans to ensure they create value. Bankers' performance is increasingly evaluated against their value creation and so it is very much in their interests to be proficient in Asset & Liability Management (ALM), the control of value creation and risk. This book is a general overview by a world expert in ALM and is a concise and crystal clear presentation of the essential concepts. It is packaged with a step-by-step tutorial CD with exercises, solutions and an attractive visual focus. It is unique in covering both value creation and risk control (most other books cover only risk control) and the new edition will include new chapters on the two new topics it is now essential for bankers to know about: Basel II and credit derivatives.

Full Product Details

Author:   Jean Dermine
Publisher:   Pearson Education Limited
Imprint:   Financial Times Prentice Hall
Edition:   2nd edition
Dimensions:   Width: 24.00cm , Height: 2.10cm , Length: 16.30cm
Weight:   0.564kg
ISBN:  

9780273710011

ISBN 10:   027371001
Pages:   200
Publication Date:   05 February 2007
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Mixed media product
Publisher's Status:   Out of Print
Availability:   Out of stock  

Table of Contents

CONTENTS Introduction Software - How to Get Started Chapter 1. Banking Services and Balance Sheet Chapter 2. Value Creation for Shareholders Chapter 3. ROE Decomposition Chapter 4. Profit Centre Management Chapter 5. Profit Allocation and Transfer Pricing for Deposits and Loans Chapter 6. The Capital Adequacy Regulation Chapter 7. Basel II Regulation Chapter 8. Loan Pricing (1), the 'Equity' Spread Chapter 9. Loan Pricing (2), Credit Risk and Credit Provisions Chapter 10. Securitisation Chapter 11. Credit Derivatives Chapter 12. Value Creation, a Summary Chapter 13. The Control of Interest Rate Risk (1), the Repricing Gaps Chapter 14. The Control of Interest Rate Risk (2), the Simulation Model Chapter 15. Forward and Financial Futures Chapter 16. The Control of Interest Rate Risk (3), the Value of Equity at Risk Chapter 17. The Control of Liquidity Risk Chapter 18. Options Chapter 19. Asset & Liabililty Management: An Art, not a Science Chapter 20. Answers to Exercises Glossary Meeting Software Problems References

Reviews

Author Information

Jean Dermine is Professor of Banking and Finance at INSEAD and Director of the Center for International Financial Services. He is a world expert on ALM with more than 20 years' experience of research, consulting and the executive education of bankers around the world. He is also co-author of the computer-based simulation ALCO Challenge. Youssef Bissada is founder and managing director of Bissada Management Simulations, a firm specialising in the development of computer-based learning tools.

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