9781137374394

Liquidity Risk Managing Funding and Asset Risk

by
  • ISBN13:

    9781137374394

  • ISBN10:

    113737439X

  • Edition: 2nd
  • Format: Hardcover
  • Copyright: 2013-12-04
  • Publisher: Palgrave Macmillan

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Supplemental Materials

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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
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Summary

The world has undergone a fundamental transformation since the first edition of Liquidity Risk was published in 2005: the financial crisis of 2007-2008, which was so devastating in its reach and consequences, has transformed many aspects of the financial world and has altered conventional wisdom regarding prudent risk management. Perhaps most importantly, the crisis demonstrated that liquidity is the most vital component of a properly functioning financial system – it is the essential lifeblood of banks and other financial institutions, and, by direct extension, the essential lifeblood of all other parts of the corporate and governmental world.
 
Fully updated to reflect the many changes in the industry, this new edition of Liquidity Risk reflects current thinking and ideas and provides a ready roadmap on new rules, regulations and governance processes for sound liquidity risk management.

Author Biography

Erik Banks is an experienced practitioner and regular contributor to the literature in the field of financial risk management and regulation. He is currently Senior Risk Advisor for a major European universal bank, and has spent more than 25 years as an international banker, working at major financial institutions in New York, London, Tokyo, Hong Kong and Munich, in market and credit risk management roles. Erik is the author of over 20 books and numerous articles on financial risk management, insurance and regulation.

Table of Contents

PART I: ELEMENTS OF CORPORATE LIQUIDITY
1. Liquidity Risk Defined
2. Liquidity and Financial Operations
3. Sources of Liquidity
PART II: LIQUIDITY PROBLEMS
4. Funding Liquidity Risk
5. Asset Liquidity Risk
6. Liquidity Spirals and Financial Distress
7. Case Studies in Liquidity Mismanagement
PART III: MANAGING LIQUIDITY RISKS
8. Measuring Liquidity Risk
9. Controlling Liquidity Risk
10. Liquidity Crisis Management
11. New Regulatory Initiatives
Summary: The Future of Active Liquidity Risk Management

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