Financial institutions management : a risk management approach / Anthony Saunders, Marcia Millon Cornett.
Material type:
TextSeries: McGraw-Hill/Irwin series in finance, insurance, and real estatePublisher: New York : McGraw-Hill/Irwin, [2006]Copyright date: ©2006. Edition: Fifth editionDescription: xxiv, 856 pages : illustrations ; 27 cmContent type: - text
- unmediated
- volume
- 0072957468 (alk. paper)
- 9780072957464 (alk. paper)
- 0071244751
- 9780071244756
- 332.1068 22 S.A.F
- HG181 .S33 2006
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
Books
|
Main library A5 | Commerce and business administration ( Finance ) | 332.1068 S.A.F (Browse shelf(Opens below)) | Available | 00010065 |
Includes index.
Intro --
Title --
Copyright --
Dedication --
About the Authors --
Preface --
Acknowledgments --
Brief Contents --
Contents --
PART ONE INTRODUCTION --
Chapter One Why Are Financial Institutions Special? --
Introduction --
Financial Institutions' Specialness --
FIs Function as Brokers --
FIs Function as Asset Transformers --
Information Costs --
Liquidity and Price Risk --
Other Special Services --
Other Aspects of Specialness --
The Transmission of Monetary Policy --
Credit Allocation --
Intergenerational Wealth Transfers or Time Intermediation --
Payment Services Denomination Intermediation --
Specialness and Regulation --
Safety and Soundness Regulation --
Monetary Policy Regulation --
Credit Allocation Regulation --
Consumer Protection Regulation --
Investor Protection Regulation --
Entry Regulation --
The Changing Dynamics of Specialness --
Trends in the United States --
Global Trends --
Summary --
Appendix 1A The Financial Crisis: The Failure of Financial Services Institution Specialness --
Appendix 1B Monetary Policy Tools --
Chapter Two Financial Services: Depository Institutions --
Introduction --
Commercial Banks Size, Structure, and Composition of the Industry --
Balance Sheet and Recent Trends --
Other Fee-Generating Activities --
Regulation --
Industry Performance --
Savings Institutions --
Size, Structure, and Composition of the Industry --
Balance Sheet and Recent Trends --
Regulation --
Industry Performance --
Credit Unions --
Size, Structure, and Composition of the Industry --
Balance Sheet and Recent Trends --
Regulation --
Industry Performance --
Global Financial Performance --
Summary --
Appendix 2A Financial Statement Analysis Using a Return on Equity (ROE) Framework Appendix 2B Commercial Banks' Financial Statements and Analysis --
Chapter Three Financial Services: Finance Companies --
Introduction --
Size, Structure, and Composition of the Industry --
Balance Sheet and Recent Trends --
Assets --
Liabilities and Equity --
Industry Performance --
Regulation --
Global Issues --
Summary --
Chapter Four Financial Services: Securities Firms and Investment Banks --
Introduction --
Size, Structure, and Composition of the Industry --
Balance Sheet and Recent Trends --
Recent Trends --
Balance Sheet --
Regulation --
Global Issues --
Summary Chapter Five Financial Services: Mutual Fund and Hedge Fund Companies --
Introduction --
Size, Structure, and Composition of the Mutual Fund Industry --
Historical Trends --
Different Types of Mutual Funds --
Mutual Fund Objectives --
Investor Returns from Mutual Fund Ownership --
Mutual Fund Costs --
Balance Sheet and Recent Trends for the Mutual Fund Industry --
Money Market Funds --
Long-Term Funds --
Regulation of Mutual Funds --
Global Issues in the Mutual Fund Industry --
Hedge Funds --
Types of Hedge Funds --
Fees on Hedge Funds --
Offshore Hedge Funds --
Regulation of Hedge Funds
"The last 35 years have been dramatic for the financial services industry. In the 1990s and 2000s, boundaries between the traditional industry sectors, such as commercial banking and investment banking, broke down, and competition became increasingly global in nature. Many forces contributed to this breakdown in interindustry and intercountry barriers, including financial innovation, technology, taxation, and regulation. Then in 2008-09, the financial services industry experienced the worst financial crisis since the Great Depression. Even into the mid-2010s, the U.S. and world economies had not recovered from this crisis. It is in this context that this book is written. 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, offbalance- heet banking, international banking, and on changes occurring as a result of the financial crisis. When the first edition of this text was released in 1994, it was the first to analyze modern financial institutions management from a risk perspective -thus, the title, Financial Institutions Management: A Modern Perspective. At that time, traditional texts presented an overview of the industry sector by sector, concentrating on balance sheet presentations and overlooking management decision making and risk management. Over the last 20 years, other texts have followed this change, such that a risk management approach to analyzing modern financial institutions is now well accepted-thus, the title: Financial Institutions Management: A Risk Management Approach. The tenth edition of this text takes the same innovative approach taken in the first nine editions and focuses on managing return and risk in modern financial institutions (FIs). Financial Institutions Management's central theme is that the risks faced by FI managers and the methods and markets through which these risks are managed are similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company."--
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