Download Full eBooks in PDF
Asset Liability Management Basics For Community Financial Institutions Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Asset Liability Management Basics For Community Financial Institutions book. This book definitely worth reading, it is an incredibly well-written.
Author : James T. Wilkinson
Publisher : Unknown
Page : 239 pages
File Size : 52,9 Mb
Release : 2004-01-01
Category : Asset-liability management
ISBN : 0979907721
Author : Bob Swarup
Publisher : Bloomsbury Publishing
Page : 224 pages
File Size : 53,7 Mb
Release : 2012-05-24
Category : Business & Economics
ISBN : 9781849300582
Effective asset-liability management (ALM) of a financial institution requires making informed strategic and operational decisions. Ever more important in the wake of the corporate bailouts and collapses of the financial crisis, ALM encompasses the formulation, implementation, monitoring, and revision of strategies, often on a daily basis due to the fast-moving nature of the related risks and constraints. This approachable book features up-to-date practitioner and academic perspectives to provide you with the knowledge you need. Key foundation information is backed up by the latest research and thought leadership to form a comprehensive guide to ALM for today and into the future, with case studies and worked examples. Detailed coverage includes: * Successful risk management frameworks * Coherent stress-testing * Modeling market risk * Derivatives and ALM * Contingency funding to manage liquidity risks * Basel III capital adequacy standard * Investment management for insurers * Property and casualty portfolio management * Funds transfer pricing * Problem loan modeling
Author : G. Mitra,K. Schwaiger
Publisher : Springer
Page : 515 pages
File Size : 40,9 Mb
Release : 2011-03-29
Category : Business & Economics
ISBN : 9780230307230
Recent years have shown an increase in development and acceptance of quantitative methods for asset and liability management strategies. This book presents state of the art quantitative decision models for three sectors: pension funds, insurance companies and banks, taking into account new regulations and the industries risks.
Author : T. Ravi Kumar
Publisher : Unknown
Page : 0 pages
File Size : 46,6 Mb
Release : 2005-03
Category : Asset-liability management
ISBN : 8170943523
The face of Indian financial sector changed forever with the initiation of economic reforms in 1991. Deregulation and integration has led Indian banks and financial institutions into competition both on the assets side as well as the liabilities side of the balance sheet, forcing them to assume greater and newer risks in their quest for higher returns. Accordingly, the need for bankers to be familiar with the risks to which they are exposed and the tools available for managing such risks assumes vital significance. The US savings and loan crisis in the early 1980s and the Asian crisis of the late 1990s strongly underscored the dangers confronting banks and financial institutions which choose to ignore the implications of interest rate risk and liquidity risk. Asset-liability management (ALM) provides a macro-level framework and a sophisticated tool for modern risk management in banks. This is an authoritative work on the fundamentals of ALM. The book commences with an introduction to the types of risks confronting banks and goes on to describe the concept, rationale and implementation of asset-liability management
Author : Jerry Hartzog
Publisher : Unknown
Page : 28 pages
File Size : 44,5 Mb
Release : 1983
Category : Bank management
ISBN : UCLA:L0050726454
Author : Mona J. Gardner,Dixie L. Mills
Publisher : Houghton Mifflin
Page : 1006 pages
File Size : 49,8 Mb
Release : 1994
Category : Asset-liability management
ISBN : UCLA:L0073709354
The fourth edition of Managing Financial Institutions: An Asset/Liability Approach provides comprehensive coverage of asset and liability management techniques for depository institutions, finance companies, insurance companies, pension funds, mutual funds, securities firms, and diversified financial services firms, all of which operate in an increasingly competitive environment. The text is suitable for use in courses on financial institutions and commercial bank management.
Author : Polina Bardaeva
Publisher : Walter de Gruyter GmbH & Co KG
Page : 162 pages
File Size : 51,5 Mb
Release : 2021-04-19
Category : Business & Economics
ISBN : 9783110666601
As bankers incorporate more and more complicated and precise calculations and models, a solely mathematical approach will fail to confirm the viability of their business. This book explains how to combine ALM concepts with the emotional intelligence of managers in order to maintain the financial health of a bank, and quickly react to external environment challenges and banks’ microclimate changes. ALM embraces not only balance sheet targets setting, instruments and methodologies to achieve the targets, but also the correct and holistic understanding of processes that should be set up in a bank to prove its prudency and compliance with internal and external constraints, requirements and limitations and the ongoing continuity of its operations. Bank Asset Liability Management Best Practice delves into the philosophy of ALM, discusses the interrelation of processes inside the bank, and argues that every little change in one aspect of the bank processes has an impact on its other parts. The author discusses the changing role of ALM and its historical and current concepts, its strengths and weaknesses, and future threats and opportunities.
Author : Marine Corlosquet-Habart,William Gehin,Jacques Janssen,Raimondo Manca
Publisher : John Wiley & Sons
Page : 166 pages
File Size : 44,7 Mb
Release : 2015-08-05
Category : Mathematics
ISBN : 9781119184553
This book introduces ALM in the context of banks and insurance companies. Although this strategy has a core of fundamental frameworks, models may vary between banks and insurance companies because of the different risks and goals involved. The authors compare and contrast these methodologies to draw parallels between the commonalities and divergences of these two services and thereby provide a deeper understanding of ALM in general.
Author : Leo M. Tilman
Publisher : Unknown
Page : 414 pages
File Size : 50,6 Mb
Release : 2014-05-14
Category : BUSINESS & ECONOMICS
ISBN : 184374449X
As the first-ever definitive guide to Asset/Liability Management (ALM) across financial institutions, this book is essential in developing consistent frameworks for risk management. Leveraging the experience of 38 senior industry practitioners, it provides a unique and practical perspective on the practice of ALM covering: The management, techniques and practices of ALM in financial institutions The challenges facing depository institutions, the insurance industry, pension and mortgage providers The regulatory and accounting aspects of ALM options and decisions For financial and corporate executives, treasurers, portfolio managers, investment bankers, traders, actuaries, modelers, academics and regulators, this book brings you face-to-face with the leading experts and is a valuable reference for anyone involved in the business of ALM at this critical juncture. This book has been sited as a reference in the Basel Committee on Banking Supervision's Consultative Document: The Application of Basel II to Trading Activities and the Treatment of Double Default Effects (April 2005). "Building upon his acclaimed text on risk management, Leo Tilman has assembled an exceptional group of contributors to create an authoritative volume on asset/liability management. Finance professionals, regulators, investors, and academics now have a definitive reference on perspectives and practices of leading institutions." Tetsuya Miyagawa, General Manager, International Investment Department, Nippon Life Insurance Company "ALM plays a central role in uniting corporate finance and risk management. Grounded in practical realities, this book builds an intellectual bridge between ideas and tools critical for players across the financial industry." Professor Harry H. Panjer, President, Society of Actuaries "A timely discussion of the most important asset/liability management issues financial institutions will undoubtedly continue to face." William H. Gross, Chief Investment Officer and Managing Director, Pacific Investment Management Company "A terrific text that provides important insights on asset/liability management by evaluating existing theory within a rich institutional setting. This book fills an important market niche and is a must for anyone dealing with A/L at financial institutions and corporations." Professor Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, MIT Sloan School of Management "Leo M Tilman has brought together a collection of authors...that frame a comprehensive ALM discipline to protect against the next possible storm." Mark Bursinger, Vice President, Risk Management, AEGON USA Investment Management, LLC.
Author : Stavros A. Zenios,William T. Ziemba
Publisher : Elsevier
Page : 685 pages
File Size : 43,5 Mb
Release : 2007-08-08
Category : Business & Economics
ISBN : 9780080548562
The Handbooks in Finance are intended to be a definitive source for comprehensive and accessible information in the field of finance. Each individual volume in the series presents an accurate self-contained survey of a sub-field of finance, suitable for use by finance and economics professors and lecturers, professional researchers, graduate students and as a teaching supplement. It is fitting that the series Handbooks in Finance devotes a handbook to Asset and Liability Management. Volume 2 focuses on applications and case studies in asset and liability management.The growth in knowledge about practical asset and liability modeling has followed the popularity of these models in diverse business settings. This volume portrays ALM in practice, in contrast to Volume 1, which addresses the theories and methodologies behind these models. In original articles practitioners and scholars describe and analyze models used in banking, insurance, money management, individual investor financial planning, pension funds, and social security. They put the traditional purpose of ALM, to control interest rate and liquidity risks, into rich and broad-minded frameworks. Readers interested in other business settings will find their discussions of financial institutions both instructive and revealing. * Focuses on pragmatic applications * Relevant to a variety of risk-management industries* Analyzes models used in most financial sectors
Author : Pooya Farahvash
Publisher : John Wiley & Sons
Page : 1056 pages
File Size : 49,5 Mb
Release : 2020-06-16
Category : Business & Economics
ISBN : 9781119701880
Asset-Liability and Liquidity Management distils the author’s extensive experience in the financial industry, and ALM in particular, into concise and comprehensive lessons. Each of the topics are covered with a focus on real-world applications, based on the author’s own experience in the industry. The author is the Vice President of Treasury Modeling and Analytics at American Express. He is also an adjunct Professor at New York University, teaching a variety of analytical courses. Learn from the best as Dr. Farahvash takes you through basic and advanced topics, including: The fundamentals of analytical finance Detailed explanations of financial valuation models for a variety of products The principle of economic value of equity and value-at-risk The principle of net interest income and earnings-at-risk Liquidity risk Funds transfer pricing A detailed Appendix at the end of the book helps novice users with basic probability and statistics concepts used in financial analytics.
Author : Beata Lubinska
Publisher : John Wiley & Sons
Page : 268 pages
File Size : 52,5 Mb
Release : 2020-02-24
Category : Business & Economics
ISBN : 9781119635512
An advanced method for financial institutions to optimize Asset Liability Management for maximized return and minimized risk Financial institutions today are facing daunting regulatory and economic challenges. As they manage bank regulation and competition, institutions are also optimizing their Asset Liability Management (ALM) operations. The function of the ALM unit today goes beyond risk management related to the banking book into managing regulatory capital and positioning the balance sheet to maximize profit. Asset Liability Management Optimization: A Practitioner's Guide to Balance Sheet Management and Remodelling offers a step-by-step process for modeling and reshaping a bank's balance sheet. Based on the author's extensive research, it describes how to apply a quantifiable optimization method to help maximize asset return and minimize funding cost in the banking book. ALM ranks as a key component of any financial institution's overall operating strategy. Now, financial professionals can use an advanced solution for optimizing ALM. This book takes a closer look at the evolving role of the ALM function and the target position of the banking book. It provides strategies for active management, structuring, and hedging of a bank balance sheet, while also exploring additional topics related to ALM. A description of the Funds Transfer Pricing (FTP) process related to a bank’s target position Detailed examinations of interest rate risk in the banking book (IRRBB) Discussion of Basel III regulatory requirements and maturity gap analysis Overview of customer behavior, along with its impact on interest rate and liquidity risk Practical spreadsheet models (NII sensitivity and EVE volatility IRRBB model, simplified optimization model for minimization of average funding cost for a bank and an example of behavioral model for Non-Maturing Deposits) Explorations of model risk, sensitivity analysis, and case studies The optimization techniques found in Asset Liability Management Optimization can prove vital to financial professionals who are tasked with maximizing asset return and reducing funding costs as a critical part of business objectives.
Author : Hong Kong Institute of Bankers (HKIB)
Publisher : John Wiley & Sons
Page : 160 pages
File Size : 43,5 Mb
Release : 2018-02-21
Category : Business & Economics
ISBN : 9780470827536
An in-depth look at how banks and financial institutions manage assets and liabilities Created for banking and finance professionals with a desire to expand their management skillset, this book focuses on how banks manage assets and liabilities, set up governance structures to minimize risks, and approach such critical areas as regulatory disclosures, interest rates, and risk hedging. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training. Explains bank regulations and the relationship with monetary authorities, statements, and disclosures Considers the governance structure of banks and how it can be used to manage assets and liabilities Offers strategies for managing assets and liabilities in such areas as loan and investment portfolios, deposits, and funds Explores capital and liquidity, including current standards under Basel II and Basel III, funding needs, and stress testing Presents guidance on managing interest rate risk, hedging, and securitization
Author : Moorad Choudhry
Publisher : John Wiley & Sons
Page : 1444 pages
File Size : 45,8 Mb
Release : 2011-12-27
Category : Business & Economics
ISBN : 9781118177211
Banks are a vital part of the global economy, and the essence of banking is asset-liability management (ALM). This book is a comprehensive treatment of an important financial market discipline. A reference text for all those involved in banking and the debt capital markets, it describes the techniques, products and art of ALM. Subjects covered include bank capital, money market trading, risk management, regulatory capital and yield curve analysis. Highlights of the book include detailed coverage of: Liquidity, gap and funding risk management Hedging using interest-rate derivatives and credit derivatives Impact of Basel II Securitisation and balance sheet management Structured finance products including asset-backed commercial paper, mortgage-backed securities, collateralised debt obligations and structured investment vehicles, and their role in ALM Treasury operations and group transfer pricing. Concepts and techniques are illustrated with case studies and worked examples. Written in accessible style, this book is essential reading for market practitioners, bank regulators, and graduate students in banking and finance. Companion website features online access to software on applications described in the book, including a yield curve model, cubic spline spreadsheet calculator and CDO waterfall model.
Author : Denise Markovich
Publisher : Irwin Professional Publishing
Page : 184 pages
File Size : 50,9 Mb
Release : 1988
Category : Business & Economics
ISBN : 1555200478
Contents: Introduction; Events Change the Banking Environment; How to Use Basic Information More Effectively; How to Devise a Balance Sheet Strategy; Asset/Liability Management: Concepts and Theory; Interest-rate Risk and Gap Management Manual; How to Implement an Asset/Liability Management System; How to Select Asset/Liability Software; Appendixes; Bibliography; Index. This is a guide to improving profits and maintaining earnings through effective management programs. Charts/graphs.
