CHAPTER 13 Management of Risks and Opportunities in Banking
“The only thing that saves you is capital. Good management just goes so far. Technology just goes so far. The regulators just go so far. It’s capital.”
Donald Powell, FDIC Chairman, 2005
Glossary of Terms
Duration-Adjusted Gap: A measure that attempts to capture the interest-rate risk inherent in assets and liabilities of different durations (see Chapter 4).
CMOs: Collateralized Mortgage Obligations (see Chapter 8).
HMDA: Home Mortgage Disclosure Act (see Chapter 2).
BSA: Bank Secrecy Act (see Chapter 2).
RESPA: Real Estate Settlement Procedures Act (see Chapter 2).
ATM: Automated Teller Machine.
TBTF: Too Big to Fail (see Chapters 9, 10, and 11).
LDCs: Loans to Developing Countries ...
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