
ISE Financial Institutions Management: A Risk Management Approach
McGraw-Hill Education (Publisher)
10th Edition
Published on 23. March 2020
Book
Paperback/Softback
978-1-260-57147-9 (ISBN)
Article exhausted; check for reprint
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 analyzed, a greater emphasis is placed on new areas of activities such as asset securitization, off-balance-sheet banking, and international banking.
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.
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.
More details
Edition
10th edition
Language
English
Place of publication
OH
United States
Target group
College/higher education
Dimensions
Height: 254 mm
Width: 203 mm
Thickness: 36 mm
Weight
1388 gr
ISBN-13
978-1-260-57147-9 (9781260571479)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
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Anthony Saunders | Marcia Cornett | DO NOT USE Erhemjamts
Financial Institutions Management ISE
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03/2023
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03/2017
9th Edition
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Persons
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.
Otgo Erhemjamts is the Dean of the School of Management, and a Professor of Finance at the University of San Francisco. She received her PhD in Finance from Georgia State University. Her research interests are in corporate social responsibility, ESG, sustainable finance, corporate finance, and corporate governance. Her work has appeared in reputable academic journals including the Journal of Business Ethics; Journal of Banking and Finance; Journal of Money, Credit, and Banking; Journal of Financial Research; The Financial Review; and Journal of Risk & Insurance. She is in the top 10% of authors on SSRN by all-time downloads. Professor Erhemjamts taught graduate and undergraduate courses in investments, equity research, sustainable investing, corporate finance, risk management, and financial institutions courses at Bentley University and Georgia State University. She was a Co-Principal Investigator on a $2.4 million NSF IUSE Grant on Broadening the fusion of STEM and business curricula in undergraduate sustainability education.
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.
Otgo Erhemjamts is the Dean of the School of Management, and a Professor of Finance at the University of San Francisco. She received her PhD in Finance from Georgia State University. Her research interests are in corporate social responsibility, ESG, sustainable finance, corporate finance, and corporate governance. Her work has appeared in reputable academic journals including the Journal of Business Ethics; Journal of Banking and Finance; Journal of Money, Credit, and Banking; Journal of Financial Research; The Financial Review; and Journal of Risk & Insurance. She is in the top 10% of authors on SSRN by all-time downloads. Professor Erhemjamts taught graduate and undergraduate courses in investments, equity research, sustainable investing, corporate finance, risk management, and financial institutions courses at Bentley University and Georgia State University. She was a Co-Principal Investigator on a $2.4 million NSF IUSE Grant on Broadening the fusion of STEM and business curricula in undergraduate sustainability education.
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.
Otgo Erhemjamts is the Dean of the School of Management, and a Professor of Finance at the University of San Francisco. She received her PhD in Finance from Georgia State University. Her research interests are in corporate social responsibility, ESG, sustainable finance, corporate finance, and corporate governance. Her work has appeared in reputable academic journals including the Journal of Business Ethics; Journal of Banking and Finance; Journal of Money, Credit, and Banking; Journal of Financial Research; The Financial Review; and Journal of Risk & Insurance. She is in the top 10% of authors on SSRN by all-time downloads. Professor Erhemjamts taught graduate and undergraduate courses in investments, equity research, sustainable investing, corporate finance, risk management, and financial institutions courses at Bentley University and Georgia State University. She was a Co-Principal Investigator on a $2.4 million NSF IUSE Grant on Broadening the fusion of STEM and business curricula in undergraduate sustainability education.
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.
Otgo Erhemjamts is the Dean of the School of Management, and a Professor of Finance at the University of San Francisco. She received her PhD in Finance from Georgia State University. Her research interests are in corporate social responsibility, ESG, sustainable finance, corporate finance, and corporate governance. Her work has appeared in reputable academic journals including the Journal of Business Ethics; Journal of Banking and Finance; Journal of Money, Credit, and Banking; Journal of Financial Research; The Financial Review; and Journal of Risk & Insurance. She is in the top 10% of authors on SSRN by all-time downloads. Professor Erhemjamts taught graduate and undergraduate courses in investments, equity research, sustainable investing, corporate finance, risk management, and financial institutions courses at Bentley University and Georgia State University. She was a Co-Principal Investigator on a $2.4 million NSF IUSE Grant on Broadening the fusion of STEM and business curricula in undergraduate sustainability education.
Content
<b>PART ONE: Introduction</b>
Ch. 1 Why Are Financial Institutions Special?
Ch. 2 Financial Services: Depository Institutions
Ch. 3 Financial Services: Finance Companies
Ch. 4 Financial Services: Securities Firms and Investment Banks
Ch. 5 Financial Services: Mutual Fund and Hedge Fund Companies
Ch. 6 Financial Services: Insurance Companies
Ch. 7 Risks of Financial Institutions
<b>PART TWO: Measuring Risk</b>
Ch. 8 Interest Rate Risk I
Ch. 9 Interest Rate Risk II
Ch. 10 Credit Risk: Individual Loan Risk
Ch. 11 Credit Risk: Loan Portfolio and Concentration Risk
Ch. 12 Liquidity Risk
Ch. 13 Foreign Exchange Risk
Ch. 14 Sovereign Risk
Ch. 15 Market Risk
Ch. 16 Off-Balance-Sheet Risk
Ch. 17 Technology and Other Operational Risks
Ch. 18 Fintech Risks
<b>PART THREE: Managing Risk</b>
Ch. 19 Liability and Liquidity Management
Ch. 20 Deposit Insurance and Other Liability Guarantees
Ch. 21 Capital Adequacy
Ch. 22 Product and Geographic Expansion
Ch. 23 Futures and Forwards
Ch. 24 Options, Caps, Floors, and Collars
Ch. 25 Swaps
Ch. 26 Loan Sales
Ch. 27 Securitization
Ch. 1 Why Are Financial Institutions Special?
Ch. 2 Financial Services: Depository Institutions
Ch. 3 Financial Services: Finance Companies
Ch. 4 Financial Services: Securities Firms and Investment Banks
Ch. 5 Financial Services: Mutual Fund and Hedge Fund Companies
Ch. 6 Financial Services: Insurance Companies
Ch. 7 Risks of Financial Institutions
<b>PART TWO: Measuring Risk</b>
Ch. 8 Interest Rate Risk I
Ch. 9 Interest Rate Risk II
Ch. 10 Credit Risk: Individual Loan Risk
Ch. 11 Credit Risk: Loan Portfolio and Concentration Risk
Ch. 12 Liquidity Risk
Ch. 13 Foreign Exchange Risk
Ch. 14 Sovereign Risk
Ch. 15 Market Risk
Ch. 16 Off-Balance-Sheet Risk
Ch. 17 Technology and Other Operational Risks
Ch. 18 Fintech Risks
<b>PART THREE: Managing Risk</b>
Ch. 19 Liability and Liquidity Management
Ch. 20 Deposit Insurance and Other Liability Guarantees
Ch. 21 Capital Adequacy
Ch. 22 Product and Geographic Expansion
Ch. 23 Futures and Forwards
Ch. 24 Options, Caps, Floors, and Collars
Ch. 25 Swaps
Ch. 26 Loan Sales
Ch. 27 Securitization