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Author : Anonim
Publisher : Lulu.com
Page : 294 pages
File Size : 54,6 Mb
Release : 2004
Category : Bank capital
ISBN : 9789291316694
Author : Mr.Arnoud W.A. Boot,Mr.Lev Ratnovski
Publisher : International Monetary Fund
Page : 48 pages
File Size : 44,9 Mb
Release : 2012-10-02
Category : Business & Economics
ISBN : 9781475511215
We study the effects of a bank's engagement in trading. Traditional banking is relationship-based: not scalable, long-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank engages in trading, it can use its ‘spare’ capital to profitablity expand the scale of trading. However, there are two inefficiencies. A bank may allocate too much capital to trading ex-post, compromising the incentives to build relationships ex-ante. And a bank may use trading for risk-shifting. Financial development augments the scalability of trading, which initially benefits conglomeration, but beyond some point inefficiencies dominate. The deepending of the financial markets in recent decades leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will persist for the foreseeable future. The analysis has implications for capital regulation, subsidiarization, and scope and scale restrictions in banking.
Author : Fidelio Tata
Publisher : Springer Nature
Page : 244 pages
File Size : 51,5 Mb
Release : 2020-07-19
Category : Business & Economics
ISBN : 9783030443412
This book provides unique information to prepare graduates and newly hired corporate and investment banking professionals for a career in the global markets environment of large universal and international investment banks. It shows the interrelationship between the three specific business functions of sales, trading, and research, as well as the interaction with corporate and institutional clients. The book fills a gap in the available literature by linking financial market theory to the practical aspects of day-to-day operations on a trading floor and offers a taxonomy of the current banking business, providing an in-depth analysis of the main market participants in the global markets ecosystem. Engaging the reader with case studies, anecdotes, and industry color, the book addresses the risks and opportunities of the global markets business in today’s global financial markets both from a theoretical and from a practitioner’s perspective and focuses on the most important fixed-income financial instruments from a pricing, risk-management, and client-marketing perspective.
Author : PAUL. NEWSON
Publisher : Unknown
Page : 255 pages
File Size : 53,9 Mb
Release : 2017
Category : Banks and banking
ISBN : 1782723250
Author : Melanie L. Fein
Publisher : Wolters Kluwer
Page : 1662 pages
File Size : 44,9 Mb
Release : 2011-12-20
Category : Law
ISBN : 9781454801245
"The Fourth Edition of a leading resource in the field, this valuable practice tool brings you completely up-to-date on the evolving laws governing banks' securities activities - from regulatory changes in the financial markets and administrative reform to recent court decisions and legislative reform, including the recently enacted Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act. Here is everything you need to help build a bank's securities business while avoiding compliance pitfalls. Securities Activities of Banks, Fourth Edition provides: In-depth discussions of the securities activities now permissible for banks, bank holding companies, and financial holding companies, Clear explanations of how securities laws affect banks' securities activities, A complete review of how banks are regulated - including foreign banks and affiliates, Up-to-date analysis of the evolution of the banking laws through agency and court decisions. Detailed descriptions and analyses illuminate the full range of current bank securities activities, including investment and trading activities, brokerage activities, investment advice, underwriting, mutual funds, international securities activities, derivative instruments, deposits and loans, fiduciary activities, and more."--Publisher's website.
Author : Michel Fleuriet
Publisher : McGraw Hill Professional
Page : 20 pages
File Size : 44,7 Mb
Release : 2008-06-26
Category : Business & Economics
ISBN : 9780071731027
Here is a chapter from Investment Banking Explained, which provides a clear overview of this complex industry. It covers the history, key terms, structures, and strategies of investment banking and breaks the business down into its respective specialties--from traders, brokers, and analysts to relationship managers, hedgers, and retirement planners--illustrating how each contributes to the industry as a whole. This comprehensive guide examines the operations of the world's most successful firms, as well as explains how investment banks are forging their international strategies.
Author : Arnoud W. A. Boot
Publisher : Unknown
Page : 46 pages
File Size : 51,5 Mb
Release : 2014
Category : Electronic
ISBN : OCLC:1308955601
We study the interaction between relationship banking and short-term, scalable arm's length finance which we call trading. Relationship banking is not scalable, has high franchise value, is long-term oriented and low risk. Trading is transaction-based: scalable, with lower margins (capital constrained), short-term, and more prone to risk shifting. When a bank engages in trading, it can use its franchise value to expand the scale of trading. However there are two inefficiencies. We show that a bank may allocate too much capital to trading ex post, compromising the ability to build relationships ex ante. And a bank may use trading for risk shifting. Financial innovation and the deepening of financial markets have pushed much of arm's length finance into the realm of trading by improving the marketability of assets. While combining relationship banking and trading offers some benefits at a low scale of trading, the unbridled growth of trading opportunities is distortive. The analysis offers insights into bank business models and helps assess recent initiatives aimed at structural reforms in banking.
Author : Eric Miller
Publisher : BID-INTAL
Page : 38 pages
File Size : 42,7 Mb
Release : 1999
Category : Financial institutions, International
ISBN : 9789507380839
Author : Gerrit Jan van den Brink
Publisher : Palgrave Macmillan
Page : 0 pages
File Size : 46,9 Mb
Release : 2003-09-16
Category : Business & Economics
ISBN : 1349722227
Operations management is becoming critical among the success factors of financial institutions. Banking/ Trading - Operations Management focuses on the particular challenges and new trends the operations manager has to address, which involves a balancing act between cost optimization and growing business requirements. Banking operations have been developed from data-entry and mass labour-intensive processes to highly automated process controlled environments. This work comprises a mixture of practical and academic elements; it is designed to contribute to better functioning operations departments by providing the tools to implement theoretical concepts in real situations, proven in daily practice.
Author : R. Tee Williams
Publisher : Academic Press
Page : 332 pages
File Size : 40,5 Mb
Release : 2010-09-20
Category : Business & Economics
ISBN : 9780080951171
How do financial markets operate on a daily basis? An Introduction to Trading in the Financial Markets: Market Basics is the first of four volumes, and introduces the structures, instruments, business functions, technology, regulations, and issues that commonly found in financial markets. Placing each of these elements into context, Tee Williams describes what people do to make the markets run. His descriptions apply to all financial markets, and he includes country-specific features, stories, historical facts, glossaries, and brief technical explanations that reveal individual variations and nuances. Reinforcing his insights are visual cues that guide readers through the material. While this book won’t turn you into an expert broker, it will explain where brokers fit into front office, middle office, and back office operations. And that knowledge is valuable indeed. Provides easy-to-understand descriptions of all major elements of financial markets Filled with graphs and definitions that help readers learn quickly Offers an integrated context based on the author's 30 years' experience
Author : Michel Fleuriet
Publisher : McGraw Hill Professional
Page : 21 pages
File Size : 45,8 Mb
Release : 2008-06-26
Category : Business & Economics
ISBN : 9780071731034
Here is a chapter from Investment Banking Explained, which provides a clear overview of this complex industry. It covers the history, key terms, structures, and strategies of investment banking and breaks the business down into its respective specialties--from traders, brokers, and analysts to relationship managers, hedgers, and retirement planners--illustrating how each contributes to the industry as a whole. This comprehensive guide examines the operations of the world's most successful firms, as well as explains how investment banks are forging their international strategies.
Author : R. Tee Williams
Publisher : Academic Press
Page : 472 pages
File Size : 51,9 Mb
Release : 2010-02-12
Category : Business & Economics
ISBN : 9780080951164
Succeeding in the financial markets requires a mastery of many disciplines. Mastery begins with understanding the actors, rules, and dynamics, and the ways in which they interact. This volume, the last of a 4-volume series, presents a broad perspective on key subjects such as regulation and compliance, risk and ways to mitigate it, and the directions in which trading markets might evolve. Like its predecessors, it presents alternative versions of the future: will the sell side or buy side come to dominate, for example, and how might new technologies shape global markets? Mastery of the financial markets begins with its authoritative, heavily illustrated presentation. Presents a high-level view of global financial markets, including institutions, instruments, and dynamic interactions Describes the assumptions and expectations of market participants Heavily illustrated so readers can easily understand advanced materials
Author : Gerrit Jan van den Brink
Publisher : Palgrave Macmillan
Page : 416 pages
File Size : 48,6 Mb
Release : 2003-12-19
Category : Business & Economics
ISBN : 140390460X
Banking/Trading-Operations Management is aimed at the practitioner and covers all the issues an operations manager has to address. Gerrit Jan van den Brink and a team of highly experienced contributors examine the current situation and extract best practice from a variety of situations. They look at trends in operations management, and at how operations link into risk and risk adjusted performance measurement, and examine the impact of e-business and the Internet on operational processes.
Author : Moorad Choudhry
Publisher : John Wiley & Sons
Page : 1444 pages
File Size : 44,6 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 : brad gilbert
Publisher : BalboaPress
Page : 124 pages
File Size : 44,5 Mb
Release : 2012-08-21
Category : Business & Economics
ISBN : 9781452557199
There are plenty of books out there proclaiming to “tell all” or to “reveal the secrets” to foreign exchange (or forex) trading. There are plenty of “gurus” offering advice and suggestions on how to trade the market successfully. But how many of these people have any real industry experience in trading foreign exchange? Not many, I can tell you that right now. I’m Bradley Gilbert, and I worked on the front line for eighteen years at some of the biggest investment banks in the world—and I made over $70 million in that time. Do I have your attention yet? So, if you really want to make money trading FX, follow me! This book has been written to give you, the retail trader, a real and practical guide to trading the forex markets. Based on my own personal experiences, incorporating the same skills and strategies used by commercial interbank traders and hedge funds, I can help you up your game in the markets. Believe me, running with the “big dogs” is a lot more fun and a lot more rewarding than running against them—and understanding this is a key part to your future success. Once you have completed the book, you’ll feel more like you’re a part of the market instead of a random speculator. Seeing the market through a new set of eyes will help you to take advantage of the many opportunities the market presents day after day, week after week. Good luck and happy trading!
