Saunders and Cornett's Financial Institutions Management: A Risk
Management Approach, 6th edition 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.
Table of Contents
PART ONE: Introduction
1 Why Are Financial Intermediaries Special?
2 The Financial Services Industry: Depository Institutions
3 The Financial Services Industry: Insurance Companies
4 The Financial Services Industry: Securities Firms and Investment Banks
5 The Financial Services Industry: Mutual Funds and Hedge Funds
6 The Financial Services Industry: Finance Companies
7 Risks of Financial Intermediation
PART TWO: Measuring Risk
8 Interest Rate Risk I
9 Interest Rate Risk II
10 Market Risk
11 Credit Risk: Individual Loan Risk
12 Credit Risk: Loan Portfolio and Concentration Risk
13 Off-Balance-Sheet Risk
14 Foreign Exchange Risk
15 Sovereign Risk
16 Technology and Other Operational Risks
17 Liquidity Risk
PART THREE: Managing Risk
18 Liability and Liquidity Management
19 Deposit Insurance and Other Liability Guarantees
20 Capital Adequacy
21 Product Diversification
22 Geographic Expansion
23 Futures and Forwards
24 Options, Caps, Floors, and Collars
25 Swaps
26 Loan Sales
27 Securitization
870 pages, Paperback