March 2002
Intermediate to advanced
176 pages
3h 48m
English
book
Asset and Liability Management: The Banker’s Guide to Value Creation and Risk Control, Second Edition
by Jean Dermine, Youssef F. Bissada
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The control of profit and value creation
There are just a few key concepts or building blocks to keep in mind. At the overall bank level, senior management needs to ensure that:
Market value of shares > equity invested by shareholders
Technically, this demands that the long-term return on equity exceeds the cost of equity:
Return on equity (ROE) > cost of equity (COE)
where the cost of equity represents the expected return that shareholders could obtain from alternative investment opportunities.
At profit centre level, a measure of performance ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.