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The Principles of Banking
Praise for The Principles of Banking, Second Edition "This is a superb book." "The Principles of Banking is easily the most important text for anyone in banking today and should be required reading for all personal development plans. When I was a regulator at the UK Financial Services Authority, managing the change in control team, I was responsible for assessing and granting regulatory approvals for complex banking transactions, such as Virgin Money's takeover of Northern Rock. I relied heavily on Professor Choudhry's text as a reference throughout the banking license approval process." "If it has kicked off between you and him, every single one of us would have run down there to help you out! And thanks for this great book." "When I taught a banking course at my business school, I had a hard time finding textbooks that could explain what banking was really like from the perspective of a banker, until I came across books by Professor Choudhry. Moorad's books reflect how bankers look at and practice banking, and provide a non-theoretical and practical approach to the subject." "A magnificent, well-crafted and masterfully updated new edition of the ever popular The Principles of Banking, it remains clear, practical and well balanced. Very highly reccommended!"
—Martin Barber, Director, BAE Syatems Digital Intelligence, Lancashire
—Nihar Mehta, Chief Corporate Development Officer, Monument Bank Ltd, London
—Alex Haigh, Captain, Newdigate FC, West Sussex League
—Ted Teo, Adjunct Assistant Professor, NUS Business School, Singapore
—Mohamoud Barre Dualeh, Head of Products and Cards Business, Alizz Islamic Bank, Muscat
Moorad Choudhry (Author), Neal Ardley (Foreword by), Sharon Bowles (Foreword by), Henrique Fragelli (Foreword by), Oldrich Masek (Foreword by), Jason Oakley (Foreword by), Helen Sachdev (Foreword by)
9781119755647, Wiley
Paperback / softback, published 29 September 2022
864 pages
22.9 x 15.2 x 5.1 cm, 1.225 kg
A timely and robust discussion of responsible bank stewardship and practice. The Second Edition of The Principles of Banking offers banking professionals, regulators, and students from a variety of backgrounds an authoritative and practical discussion of the foundations of modern banking and good banking practice. In the book, you'll find a comprehensive roadmap to a more sustainable business model for your banking organization. The author draws on his many years' experience as a commercial and investment banker as he explains the original principles of banking—including sound lending policy, capital management, and liquidity risk management—as well as new material covering the impact of COVID-19 on banks, risk management, and balance sheet management. The Principles of Banking also provides recommendations for bank asset-liability management best practices that enable banks to deliver optimized balance sheets for the benefit of all stakeholders. It also includes new chapters in market risk management, foreign exchange risk management, interest rate risk, and credit risk policy and management. An essential update to a widely read and taught banking text, The Principles of Banking, Second Edition is an indispensable resource for banking professionals and students everywhere.
Forewords xix Preface xxxix Part I Banking, Bank Customer Business and Regulation 1 Part II Bank Asset and Liability Management 159 Part III Bank Liquidity Risk Management 401 Part IV Bank Strategy and Governance 491 Part V Principles of Risk Management and Regulation 573 Part VI Guide to the Companion Website 761 Afterword 771
Neal Ardley
Sharon Bowles
Henrique Fragelli
Oldrich Masek
Jason Oakley
Helen Sachdev
Acknowledgements xlv
About the Author li
Chapter 1 Banking, bank business and financial statements 3
Chapter 2 Ethics, conduct and customer service 75
Chapter 3 Bank regulatory capital and the "Basel Rules" 97
Chapter 4 The yield curve 161
Chapter 5 Asset–liability management I 201
Chapter 6 Balance sheet management: money markets, FX, trading and hedging, and securitisation 251
Chapter 7 Managing interest- rate risk in the banking book (IRRBB) 303
Chapter 8 Bank Treasury operating model 333
Chapter 9 ALCO governance framework and terms of reference 351
Chapter 10 ALM sundries: asset encumbrance, hedge accounting, IFRS 9 and EIR 383
Chapter 11 Principles of bank liquidity management 403
Chapter 12 Liquidity risk metrics 445
Chapter 13 Liquidity risk reporting 461
Chapter 14 Bank funds transfer pricing 469
Chapter 15 Bank strategy I: inputs and setting 493
Chapter 16 Bank strategy II: capital and funding management 521
Chapter 17 Principles of corporate governance 541
Chapter 18 The risk management framework 575
Chapter 19 Credit risk assessment and reporting principles 617
Chapter 20 Stress testing, ICAAP, ILAAP and reverse stress testing 647
Chapter 21 Recovery planning and resolution planning 693
Chapter 22 Sustainable banking and climate change risk management 703
Chapter 23 Case studies: analysis, problem solving and decision making 721
Chapter 24 Everything changes, and nothing changes: excerpts from a timeless work 753
Chapter 25 Applications software, policy templates and spreadsheet models 763
List of Terms and their Abbreviations 775
Index 781
Subject Areas: Business & management [KJ]
