As deregulation and competition are reducing margins around the world, the need for knowledge on Asset & Liability Management (ALM) the control of a banks profit and risk becomes an absolute necessity for any banker in charge of a profit center, central bankers in charge of bank supervision and banks auditors, consultants or lawyers.
This is the first book written on ALM that emphasizes both value creation and risk control. It is written for non-specialist bankers in a concise and accessible style. Packaged with the book is a step-by-step tutorial CD-ROM that focuses on visuals and exercises with built-in solutions. This can be used as stand-alone self-learning device or as a tool to test and reinforce the concepts learned after reading the book. Topics include risk-adjusted performance evaluation, loan pricing, loan provisioning, securitization and the management of interest rate and liquidity risks.
Financial Times Prentice Hall, 2002