ESCP Europe

Saunders and Cornett's Financial Institutions Management: A Risk Management Approach provides an innovative approach that focuses on managing return and risk in modern financial institutions. The central theme is that the risks faced by financial institutions managers and the methods and markets through which these risks are managed are becoming increasingly similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company. Although the traditional nature of each sector's product activity is analyzed, a greater emphasis is placed on new areas of activities such as asset securitization, off-balance-sheet banking, and international banking. from publisher.

PART ONE. INTRODUCTION --- 1. Why are financial institutions special? --- 2. Financial services: depository institutions --- 3. Financial services: finance companies --- 4. Financial services: securities brokerage and investment banking --- 5. Financial services: mutual funds and hedge funds --- 6. Financial services: insurance --- 7. Risks of financial institutions --- PART TWO. MEASURING RISK --- 8. Interest rate risk I --- 9. Interest rate risk II --- 10. Credit risk: individual loan risk --- 11. Credit risk: loan portfolio and concentration risk --- 12. Liquidity risk --- 13. Foreign exchange risk --- 14. Sovereign risk --- 15. Market risk --- 16. Off-balance-sheet risk --- 17. Technology and other operational risks --- PART THREE. MANAGING RISK --- 18. Liability and liquidity management --- 19. Deposit insurance and other liability guarantees --- 20. Capital adequacy --- 21. Product and geographic expansion --- 22. Futures and forwards --- 23. Options, caps, floors, and collars --- 24. Swaps --- 25. Loan sales --- 26. Securitization --- Index..