Financial Institutions Management: A Risk Management Approach
8th Edition
Published on 16. October 2013
Book
Hardback
912 pages
978-0-07-803480-0 (ISBN)
Description
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 analysed, a greater emphasis is placed on new areas of activities such as asset securitisation, off-balance-sheet banking, and international banking.
More details
Edition
8th edition
Language
English
Place of publication
United States
Publishing group
McGraw-Hill Education - Europe
Target group
College/higher education
US School Grade: College Freshman
Illustrations
178 Illustrations
Dimensions
Height: 259 mm
Width: 224 mm
Thickness: 38 mm
Weight
1790 gr
ISBN-13
978-0-07-803480-0 (9780078034800)
Schweitzer Classification
Other editions
New editions
Anthony Saunders | Marcia Cornett
Financial Institutions Management: A Risk Management Approach
Book
03/2017
9th Edition
McGraw-Hill Education
€352.07
Article is exhausted; no reprint
Persons
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.
Marcia Millon Cornett Robert A. and Julia E. Dorn Professor of Finance at Bentley University. She received her B.S. degree in economics from Knox College in Galesburg, Illinois, and her M.B.A. and Ph.D. degrees in finance from Indiana University in Bloomington, Indiana. Dr. Cornett has written and published several articles in the areas of bank performance, bank regulation, corporate finance, and investments. Articles authored by Dr. Cornett have appeared in such academic journals as the Journal of Finance; the Journal of Money, Credit, and Banking; the Journal of Financial Economics; Financial Management; and the Journal of Banking and Finance. She was recently ranked the 124th most published out of more than 17,600 authors and the number five female author in finance literature over the last 50 years. Along with Anthony Saunders, Dr. Cornett has recently completed work on the ninth edition of Financial Institutions Management (McGraw-Hill Education) and the sixth edition of Financial Markets and Institutions (McGraw-Hill Education). Professor Cornett 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 as a member of the board of directors, the executive committee, and the finance committee of the SIU Credit Union. Dr. Cornett has also 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.
Marcia Millon Cornett Robert A. and Julia E. Dorn Professor of Finance at Bentley University. She received her B.S. degree in economics from Knox College in Galesburg, Illinois, and her M.B.A. and Ph.D. degrees in finance from Indiana University in Bloomington, Indiana. Dr. Cornett has written and published several articles in the areas of bank performance, bank regulation, corporate finance, and investments. Articles authored by Dr. Cornett have appeared in such academic journals as the Journal of Finance; the Journal of Money, Credit, and Banking; the Journal of Financial Economics; Financial Management; and the Journal of Banking and Finance. She was recently ranked the 124th most published out of more than 17,600 authors and the number five female author in finance literature over the last 50 years. Along with Anthony Saunders, Dr. Cornett has recently completed work on the ninth edition of Financial Institutions Management (McGraw-Hill Education) and the sixth edition of Financial Markets and Institutions (McGraw-Hill Education). Professor Cornett 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 as a member of the board of directors, the executive committee, and the finance committee of the SIU Credit Union. Dr. Cornett has also 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.
Content
Part I IntroductionCh. 1 Why Are Financial Institutions Special?Appendix 1A The Financial Crisis: The Failure of Financial Services Institution Specialness (online)Appendix 1B Monetary Policy Tools (online)Ch. 2 Financial Services: Depository InstitutionsAppendix 2A Financial Statement Analysis Using a Return on Equity (ROE) Framework (online)Appendix 2B Commercial Banks' Financial Statements and Analysis (online)Appendix 2C Depository Institutions and Their Regulators (online)Appendix 2D Technology in Commercial Banking (online)Ch. 3 Financial Services: Finance Companies Ch. 4 Financial Services: Securities Brokerage and Investment BankingCh. 5 Financial Services: Mutual Funds and Hedge FundsCh. 6 Financial Services: InsuranceCh. 7 Risks of Financial Institutions Part II Measuring RiskCh. 8 Interest Rate Risk IAppendix 8A The Maturity Model (online)Appendix 8B Term Structure of Interest RatesCh. 9 Interest Rate Risk IIAppendix 9A The Basics of Bond Valuation (online)Appendix 9B Incorporating Convexity into the Duration ModelCh. 10 Credit Risk: Individual Loan RiskAppendix 10A Credit Analysis (online)Appendix 10B Black-Scholes Option Pricing Model (online)Ch. 11 Credit Risk: Loan Portfolio and Concentration RiskAppendix 11A CreditMetricsAppendix 11B CreditRisk+Ch. 12 Liquidity RiskAppendix 12A Sources and Uses of Funds Statement, Bank of America, March 2012 (online)Ch. 13 Foreign Exchange RiskCh. 14 Sovereign RiskAppendix 14A Mechanisms for Dealing with Sovereign Risk ExposureCh. 15 Market RiskCh. 16 Off-Balance-Sheet RiskAppendix 16A A Letter of Credit Transaction (online)Ch. 17 Technology and Other Operational RisksPart III Managing RiskCh. 18 Liability and Liquidity ManagementAppendix 18A Federal Reserve Requirement Accounting (online)Appendix 18B Bankers Acceptances and Commercial Paper as Sources of Financing (online)Ch. 19 Deposit Insurance and Other Liability GuaranteesAppendix 19A Calculation of Deposit Insurance PremiumsAppendix 19B FDIC Press Releases of Bank Failures (online)Appendix 19C Deposit Insurance Coverage for Commercial Banks in Various Countries (online)Ch. 20 Capital AdequacyAppendix 20A Internal Ratings-Based Approach to Measuring Credit Risk-Adjusted AssetsAppendix 20B Methodology Used to Determine G-SIBs Capital Surcharge (online)Ch. 21 Product and Geographic ExpansionAppendix 21A EU and G-10 Countries: Regulatory Treatment of the Mixing of Banking, Securities, and Insurance Activities and the Mixing of Banking and Commerce (online)Ch. 22 Futures and ForwardsAppendix 22A Microhedging with Futures (online)Ch. 23 Options, Caps, Floors, and CollarsAppendix 23A Black-Scholes Option Pricing Model (online)Appendix 23B Microhedging with Options (online)Ch. 24 SwapsAppendix 24A Setting Rates on an Interest Rate SwapCh. 25 Loan SalesCh. 26 SecuritizationAppendix 26A Fannie Mae and Freddie Mac Balance Sheets (online)