Financial Institutions Management
McGraw-Hill Ryerson, Limited, 2001 - Financial institutions - 746 pages
This text focuses on the risks faced by managers of financial institutions and the methods and markets through which these risks are managed. The context is the Canadian financial services industry. The text begins with thumbnail sketches of the industry, its member companies, their structures and the regulatory environment. It looks not only at banks but also at insurance companies, trust companies, credit unions, investment banks and finance companies, providing a holistic view of the challenges of liquidity risk, interest rate risk, market risk, credit and other risks in the global environment.This highly regarded text continues to take the same innovative approach as the first edition, focusing on managing return and risk. The book's central theme is that the risks faced by financial institution managers, and the methods and markets through which these risks are managed, are essentially the same, whether the institution is a commercial bank, an investment bank, a credit union, an insurance company or a finance company. A second theme that emerges in this edition is that the risks booked by the financial institution use risk capital and generate an expected return that should justify that use. The authors explain the latest techniques of risk measurement against the backdrop of the convergence of worldwide securities, investment, credit and insurance industries.
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Banks and Other Deposittaking Institutions
Appendix 11 Key Recommendations in the New Policy Framework for Canadas Financial Services Sector
Appendix 12 Laws Affecting Financial Institutions
59 other sections not shown
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amount analysis annual asset management assets and liabilities average balance sheet Bank of Canada basis points Big Six bond credit rating borrower calculate Canada bond Canadian dollar capital cash flows claims commercial Concept Questions contracts convexity corporate coupon credit risk credit unions debt default risk demand deposits deposit-taking depositors discount duration economic equity example exchange rate expected fees FI's Figure finance companies financial services firms foreign currency foreign exchange foreign exchange markets guarantee income increase insurance companies interbank interest rate risk investment banks investment dealers investors issued issuer lending liquidity risk loan commitment loss market risk market value maturity measure million money market mutual funds off-balance-sheet one-year option OSFI payments pension funds portfolio position premiums present value purchase RAROC ratio regulation regulatory repricing reserve assets risk exposure RiskMetrics securities short-term T-bills Table term Total trading transactions volatility yield curve