Asset and Liability Management: The Banker’s Guide to Value Creation and Risk Control, Second Edition
by Jean Dermine, Youssef F. Bissada
Acknowledgments
This book grows out of 25 years’ banking research and training of bankers in Europe, North America, Latin America, Africa, Asia and Australasia. In the second edition, three chapters have been added to introduce: (1) the new international capital regulations, Basel II; (2) credit derivatives, one of the latest financial innovation; and (3) the aggregation of risks, that is, the measurement of total risk when a bank faces multiple sources of risks.
As deregulation, financial and technological innovations, and competition are reducing margins around the world, the need for knowledge on asset and liability management, the control of banks’ profit and risks, becomes an absolute necessity for any banker in charge of a profit centre, ...
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