The Moorad Choudhry Anthology, + Website

The Moorad Choudhry Anthology, + Website

by Moorad Choudhry
Released July 2018
Publisher(s): Wiley
ISBN: 9781118779736

Read it now on the O’Reilly learning platform with a 10-day free trial.

O’Reilly members get unlimited access to books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial

Book description

The definitive and timeless guide to the principles of banking and finance,  addressing and meeting the challenges of competition, strategy, regulation and the digital age.

Moorad Choudhry Anthology compiles the best of renowned author Professor Moorad Choudhry's incisive writings on financial markets and bank risk management, together with new material that reflects the legislative changes in the post-crisis world of finance and the impact of digitization and global competition. Covering the developments and principles of banking from the 1950s to today, this unique book outlines the author's recommended best practices in all aspects of bank strategy, governance and risk management, including asset-liability management, liquidity risk management, capital planning, Treasury risk, and corporate framework, and describes a "vision of the future" with respect to a sustainable bank business model. You will gain the insight of a global authority on topics essential to retail, corporate, and investment/wholesale banking, including strategy, risk appetite, funding policies, regulatory requirements, valuation, and much more. The companion website is a goldmine for senior practitioners that provides templates that can applied in virtually any bank, including policy documents, pricing models, committee terms of reference, teaching aids and learning tools including PowerPoint slides and spreadsheet models. These facilitate a deeper understanding of the subject and the requirements of the senior executive, making this book an ideal companion for practitioners, graduate students and professional students alike.

The intense demand for knowledge and expertise in asset-liability management, liquidity, and capital management has been driven by the regulatory challenges of Basel III, the European Union’s CRDIV, the Volcker Rule, Dodd-Frank Act, and a myriad of other new regulations. This book meets that need by providing you with a complete background and modern insight on every aspect of bank risk management.

  • Re-engage with timeless principles of finance that apply in every market and which are the drivers of principles of risk management
  • Learn strategic asset liability management practices that suit today's economic environment
  • Adopt new best practices for liquidity models and choosing the appropriate liquidity risk management framework
  • Examine optimum capital and funding model recommendations for corporate, retail, and investment/wholesale banks
  • Dig deeper into derivatives risk management, balance sheet capital management, funding policy, and more
  • Apply best-practice corporate governance frameworks that ensure a perpetual and viable robust balance sheet
  • Adopt strategy formulation principles that reflect the long-term imperative of the banking business

In the 21st century more than ever banks need to "re-learn" traditional risk management principles and apply them every day. Every bank in the world needs to be up to speed on these issues, and Anthology from Professor Moorad Choudhry is the answer to this new global policy response.

Table of contents

  1. Cover
  2. Title Page
  3. Foreword Paul Fisher
    1. NOTES
  4. Foreword Professor Alexander Lipton
  5. Foreword Rundheersing Bheenick
  6. Preface
    1. ORGANISATION OF THE BOOK
    2. ACCOMPANYING WEBSITE
    3. ADDITIONAL CONTRIBUTORS
  7. Acknowledgments
    1. THE “UB40” VERY SPECIAL THANKS
    2. THANKS FOR GREAT LEADERSHIP
    3. A GENUINE TEAM: NEWDIGATE FOOTBALL CLUB
    4. NEAL ARDLEY FAN CLUB
    5. SPECIAL BANKS THANK YOU
    6. GOODBYE
    7. FINALLY, A SPECIAL SOMETHING …
    8. NOTE
  8. About the Author
  9. List of Extract Book Titles
  10. PART I: Principles of Banking, Finance and Financial Products
    1. CHAPTER 1: A Primer on Banking, Finance and Financial Instruments
      1. AN INTRODUCTION TO BANKING
      2. AN INTRODUCTION TO DEBT FINANCIAL MARKETS
      3. AN INTRODUCTION TO FINANCIAL MARKET PRODUCTS
      4. BANK STRUCTURES AND BUSINESS MODELS
      5. APPENDIX 1.A: Financial Markets Arithmetic
      6. APPENDIX 1.B: Leadership Lessons From The World of Sport
      7. APPENDIX 1.C: The Global Master Repurchase Agreement
      8. SELECTED BIBLIOGRAPHY AND REFERENCES
      9. NOTES
    2. CHAPTER 2: Derivative Instruments and Hedging
      1. ASSET SWAPS AND RELATIVE VALUE
      2. POST‐2008 CRASH SWAP DISCOUNTING AND VALUATION PRINCIPLES
      3. APPENDIX 2.A: The Par Asset Swap Spread
      4. SELECTED BIBLIOGRAPHY AND REFERENCES
      5. NOTES
    3. CHAPTER 3: The Yield Curve
      1. CONSTRUCTING THE BANK'S INTERNAL YIELD CURVE
      2. MARKET APPROACH FOR FTP CURVE CONSTRUCTION
      3. APPLICATION OF ORDINARY LEAST SQUARES METHOD AND NELSON‐SIEGEL FAMILY APPROACHES
      4. SONIA YIELD CURVE
      5. CONCLUSION
      6. APPENDIX 3.A: ALCO Submission Paper
      7. SELECTED BIBLIOGRAPHY AND REFERENCES
      8. NOTES
    4. CHAPTER 4: Eurobonds, Securitisation and Structured Finance
      1. SELECTED BIBLIOGRAPHY AND REFERENCES
      2. NOTES
  11. PART II: Bank Regulatory Capital and Risk Management
    1. CHAPTER 5: Banks and Risk Management
      1. THE RISK MANAGEMENT UNIVERSE FOR BANKS
      2. POLICY TEMPLATES
      3. SELECTED BIBLIOGRAPHY AND REFERENCES
      4. NOTES
    2. CHAPTER 6: Banks and Credit Risk
      1. UNDERSTANDING AND MANAGING CREDIT RISK: PART 1
      2. DE(RE)CONSTRUCTING THE B2 CREDIT RISK AIRB FORMULA
      3. UNDERSTANDING AND MANAGING CREDIT RISK: PART 2
      4. SELECTED BIBLIOGRAPHY AND REFERENCES
      5. NOTES
    3. CHAPTER 7: Understanding and Managing Operational Risk
      1. OPERATIONAL RISK OVERVIEW
      2. CONDUCT RISK
      3. OPERATIONAL RISK MEASUREMENT
      4. OPERATIONAL RISK MEASUREMENT CONCEPTS
      5. BASIC INDICATOR APPROACH
      6. STANDARDISED APPROACH
      7. ADVANCED MEASUREMENT APPROACH
      8. KEY RISK INDICATORS
      9. OPERATIONAL RISK MANAGEMENT FRAMEWORK
      10. OPERATIONAL RISK CAPITAL ALLOCATION
      11. SELECTED BIBLIOGRAPHY AND REFERENCES
      12. NOTES
    4. CHAPTER 8: Regulatory Capital and the Capital Adequacy Assessment Process
      1. REGULATORY CAPITAL FRAMEWORK
      2. CAPITAL AND BALANCE SHEET MANAGEMENT AND THE ICAAP PROCESS
      3. CAPITAL ADEQUACY AND STRESS TESTING
      4. PRACTICAL ISSUES AND BEST‐PRACTICE ICAAP PREPARATION
      5. CONCLUSIONS
      6. SELECTED BIBLIOGRAPHY AND REFERENCES
      7. NOTES
    5. CHAPTER 9: Financial Statements, Ratio Analysis, and Credit Analysis
      1. FINANCIAL RATIO ANALYSIS
      2. SELECTED BIBLIOGRAPHY AND REFERENCES
      3. NOTES
  12. PART III: Bank Treasury and Strategic Asset–Liability Management
    1. CHAPTER 10: The Bank Treasury Operating Model and ALCO Governance Process Best‐Practice
      1. THE TREASURY AND ALCO OPERATING MODELS: SINGLE LEGAL ENTITY STRUCTURE
      2. THE TREASURY AND ALCO OPERATING MODELS: GROUP STRUCTURE
      3. TREASURY POLICY STATEMENT: EXAMPLE TEMPLATE
      4. CONCLUSION
      5. APPENDIX 10.A: Bank Asset and Liability Management Committee (ALCO) Template Terms of Reference
      6. APPENDIX 10.B: Liquidity Risk Early Warning Indicators (EWI) Template
      7. SELECTED BIBLIOGRAPHY AND REFERENCES
      8. NOTES
    2. CHAPTER 11: Bank Asset–Liability Management (ALM) and “Strategic ALM”
      1. THE BALANCE SHEET RISK TRIUMVIRATE: THE INTERACTION OF THE ALM FUNCTION WITH MARKETS, FINANCE, AND RISK
      2. STRATEGIC ALM
      3. IMPLEMENTING STRATEGIC ALM
      4. INVESTOR RELATIONS (IR) AND THE CREDIT RATING PROCESS
      5. CONCLUSIONS
      6. SELECTED BIBLIOGRAPHY AND REFERENCES
      7. NOTES
    3. CHAPTER 12: Liquidity and Funding: Policy, Management, and Risk Management
      1. PART 1: LIQUIDITY RISK AND LIQUIDITY RISK MANAGEMENT
      2. PART 2: ILAAP AND STRESS TESTING
      3. BANK INTERNAL FUNDS TRANSFER PRICING (FTP OR IFP)
      4. OPTIMUM LIABILITIES STRATEGY AND MANAGING THE LIQUID ASSETS BUFFER
      5. COLLATERAL FUNDING MANAGEMENT, FVA, AND CENTRAL CLEARING FOR OTC DERIVATIVES
      6. NEGATIVE INTEREST RATES AND THE IMPACT ON ALM POLICY
      7. PART 3: SUMMARY AND ANALYSIS OF PRA CP21/16 AND CP13/17: “PILLAR 2: LIQUIDITY”
      8. PART 4: SAMPLE POLICY STATEMENTS
      9. SELECTED BIBLIOGRAPHY AND REFERENCES
      10. NOTES
    4. CHAPTER 13: Market Risk and Non‐Traded Market Risk (Interest‐Rate Risk in the Banking Book)
      1. UNDERSTANDING AND MANAGING MARKET AND INTEREST‐RATE RISKS
      2. MANAGING INTEREST‐RATE RISK IN THE BANKING BOOK (IRRBB)
      3. BCBS386: THE BASEL COMMITTEE AND HIGH LEVEL PRINCIPLES FOR INTEREST‐RATE RISK IN THE BANKING BOOK
      4. ILLUSTRATION: STRATEGIC ALM POLICY AND APPROACH TO IRRBB
      5. INTEREST‐RATE RISK POLICY AND ALCO
      6. SELECTED BIBLIOGRAPHY AND REFERENCES
      7. NOTES
    5. CHAPTER 14: The Future of Bank Treasury and Balance Sheet Risk Management
      1. THE NEW TREASURY
      2. THE TREASURY “SECOND LINE OF DEFENCE”
      3. TREASURY AND THE RISK TRIUMVIRATE: THE NEED FOR AN AGGREGATE APPROACH ENABLING INTEGRATED MANAGEMENT OF THE BALANCE SHEET
      4. APPENDIX 14.A:  Sample Group ALCO Template
      5. SELECTED BIBLIOGRAPHY AND REFERENCES
      6. NOTES
    6. CHAPTER 15: Regulatory Reporting and Principles of Policy Documentation
      1. REGULATORY REPORTING FOR CAPITAL AND LIQUIDITY
      2. PRINCIPLES OF POLICY DOCUMENTATION
      3. TEMPLATE POLICY DOCUMENTATION
      4. SELECTED BIBLIOGRAPHY AND REFERENCES
      5. NOTES
  13. PART IV: The Future of Banking: Strategy, Governance and Culture
    1. CHAPTER 16: Strategy Setting: Principles for Sustained Bank Viability
      1. BANK STRATEGY INPUTS AND SETTING
      2. FROM VISION TO A STRATEGIC PLAN
      3. EXAMPLE: “SWOT” ANALYSIS FOR MEDIUM‐SIZED UK COMMERCIAL BANK
      4. CONCLUSIONS
      5. SELECTED BIBLIOGRAPHY AND REFERENCES
      6. NOTES
    2. CHAPTER 17: Present and Future Principles of Governance and Culture
      1. CORPORATE GOVERNANCE WITHIN BANKING
      2. THE ROLE OF LEADERSHIP AND TEAMBUILDING EXCELLENCE IN GOOD BANKING
      3. CONCLUSIONS
      4. SELECTED BIBLIOGRAPHY AND REFERENCES
      5. NOTE
    3. CHAPTER 18: Present and Future Principles of Banking: Business Model and Customer Service
      1. WEBSITE READING
      2. CUSTOMER SERVICE MODEL: THE MODEL BANK
      3. CHOUDWEST BANK: THE MODEL BANK AND “CONCIERGE BANKING”
      4. APPENDIX 18.A: Basic Principles of Bank Marketing
      5. NOTES
  14. PART V: Case Studies: Analysis, Coherent Advice and Problem Solving
    1. CHAPTER 19: Case Studies: Analysis, Coherent Advice and Problem Solving
      1. COHERENT ADVICE AND PROBLEM SOLVING: CASE STUDIES
      2. CASE STUDY: REVIEW OF BANK FUNDING STRUCTURES 1999–2009
      3. CASE STUDY: HIGH‐LEVEL STRATEGIC BANK REVIEW
      4. CONCLUSION
      5. APPENDIX 19.A: Sample Review Questions
      6. SELECTED BIBLIOGRAPHY AND REFERENCES
    2. CHAPTER 20: Guide to the Website
      1. CHAPTER FILES
      2. NOTES
  15. Afterword
  16. Index
  17. End User License Agreement

Product information

  • Title: The Moorad Choudhry Anthology, + Website
  • Author(s): Moorad Choudhry
  • Release date: July 2018
  • Publisher(s): Wiley
  • ISBN: 9781118779736