Readings in Financial Institution Management: Modern Techniques for a Global Industry

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Allen & Unwin, 1999 - Business & Economics - 562 pages
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The market scope and centrality of financial institutions has grown immeasureably in the post-industrial economy. Correspondingly, the range and complexity of financial services is expanding. This volume collects articles from across the Asia-Pacific, exploring and explaining these complexities.
 

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Contents

The evolution of
3
Part A review questions
56
The credit evaluation and rating
68
Bank financial statements
89
A new look at calculating ROE
105
A powerful
111
Strategic management in Australian
130
Part B review questions
151
Theory of risk capital in financial
297
From
317
A critical issue
330
Measuring market risk within a bank
336
Part E review questions
342
The role of capital in financial
360
market risk
389
Part F review questions
411

Pricing financial
157
Internal pricing in financial
178
Commercial loan pricing
195
A loan pricing case study
203
The fixed rate home loan debacle
210
review questions
220
A survey
243
Brochure Press case study
262
review questions
273
Capital management
279
Capital concerns
291
Bank liquidity
434
The decline of duration
449
Why VAR is in vogue
456
A primer on asset securitization
463
Offbalance sheet activities
473
Part G review questions
489
Managing a trading
495
Managing trading operations
513
Part H review questions
544
Copyright

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Page 81 - This symbol is attached to the ratings of instruments with significant noncredit risks. It highlights risks to principal or volatility of expected returns which are not addressed in the credit rating. Examples include: obligations linked or indexed to equities, currencies, or commodities; obligations exposed to severe prepayment risk— such as interest-only or principalonly mortgage securities; and obligations with unusually risky interest terms, such as inverse floaters.
Page 82 - D" is in payment default. The "D" rating category is used when interest payments or principal payments are not made on the date due even if the applicable grace period has not expired, unless S&P believes that such payments will be made during the grace period. The "D...
Page 82 - BBB is regarded as having an adequate capacity to pay inter est and repay principal. Whereas it normally exhibits adequate protection parameters, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to pay interest and repay principal for debt in this category than in higher rated categories. BB, B, CCC, CC, C Debt rated BB , B , CCC , CC and C...
Page 81 - CCC' is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitment on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitment on the obligation. CC An obligation rated 'CC' is currently highly vulnerable to nonpayment.
Page 19 - Office oversees the financial safety and soundness of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to ensure that they are adequately capitalized and operating safely.
Page 472 - Federal examination of financial institutions by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of Thrift Supervision and the National Credit Union Administration, and make recommendations to promote uniformity in the supervision of these financial institutions.
Page 153 - A good deal of the corporate planning I have observed is like a ritual rain dance; it has no effect on the weather that follows, but those who engage in it think it does.
Page 81 - BB but the obligor currently has the capacity to meet its financial commitment on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitment on the obligation CCC An obligation rated CCC...
Page 82 - BB is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitment on the obligation B An obligation rated B...
Page 81 - AA' to 'CCC' may be modified by the addition of a plus or minus Sign to show relative standing within the...

About the author (1999)

Tom Valentine is Professor and Dean of Commerce at University of Western Sydney Nepean, and is generally regarded to be the leading academic on banking in Australia, conducting seminars and internal bank courses throughout the region. Guy Ford is a senior lecturer at Charles Sturt University, and teaches by invitation at Macquarie University and University of Western Sydney.

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