Professional perspectives on banking and finance: volume 1
With 100% emphasis on accessible, clear, and applicable advice Professional Perspectives on Banking and Financeprovides suggestions to instil best practice in any commercial bank
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Leeds
Emerald Publishing
2024
|
| Ausgabe: | First edition |
| Schriftenreihe: | Professional perspectives on banking and finance series
|
| Online-Zugang: | DE-863 DE-862 DE-2070s Volltext |
| Zusammenfassung: | With 100% emphasis on accessible, clear, and applicable advice Professional Perspectives on Banking and Financeprovides suggestions to instil best practice in any commercial bank |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (xvii, 225 Seiten) |
| ISBN: | 9781835493342 9781835493366 |
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| 100 | 1 | |a Choudhry, Moorad |d 1966- |0 (DE-588)141375760 |4 edt | |
| 245 | 1 | 0 | |a Professional perspectives on banking and finance |b volume 1 |c editor Professor Moorad Choudhry (The BTRM, London) |
| 250 | |a First edition | ||
| 264 | 1 | |a Leeds |b Emerald Publishing |c 2024 | |
| 264 | 4 | |c ©2024 | |
| 300 | |a 1 Online-Ressource (xvii, 225 Seiten) | ||
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| 490 | 0 | |a Professional perspectives on banking and finance series | |
| 500 | |a Description based on publisher supplied metadata and other sources | ||
| 505 | 8 | |a Cover -- Professional Perspectives on Banking and Finance, Volume 1 -- PROFESSIONAL PERSPECTIVES ON BANKING AND FINANCE -- Professional Perspectives on Banking and Finance, Volume 1 -- Copyright Page -- Contents -- About the Contributors -- Preface -- Disclaimer -- I - Current and Future Challenges in Banking -- 1. The Changing Business Landscape: Competitive Priorities for Resilient Banks -- Introduction -- Digital Transformation: Embracing Technological Advancements -- The Importance of Digital Transformation in Banking -- Harnessing Automation and AI in Banking Processes -- Leveraging Data Analytics and Cloud Computing in Banking -- Risk Management: Safeguarding Stability in Uncertain Times -- Evolving Risk Landscape for Banks -- Building Robust Risk Management Frameworks and Balance Sheet Management -- Liquidity Risk Management -- Capital Adequacy and Capital Allocation -- Asset-Liability Management (ALM) -- Credit Risk Management -- Profitability and Performance Measurement -- Strengthening Cybersecurity and Compliance -- Customer Experience: Building Lasting Relationships -- Changing Customer Expectations in Banking -- Embracing Customer-Centric Technologies -- Leveraging Data Analytics for Customer Insights -- Strategic Partnerships: Collaboration for Success -- The Benefits of Strategic Partnerships in Banking -- Types of Strategic Partnerships in Banking -- Establishing Effective Partnership Strategies -- Innovation and Adaptation -- Differentiation through Innovation -- Continuous Monitoring and Adaptation -- Conclusion -- Editor's Conclusions -- The Changing Business Landscape: Competitive Priorities for Resilient Banks -- Moorad Choudhry -- Back to Basics: ALM Discipline -- Risk Culture -- Conclusion -- Recommendations for Effective Risk Culture -- Bibliography -- 2. Strategic Risk Management in Banking -- The 'Other' Risk | |
| 505 | 8 | |a Strategy vs Strategic Management -- Bank Strategy -- The Bottom Line -- Direct Drivers -- Indirect Drivers -- Trade-Offs and Cost of Capital -- Strategic Risk -- Developing the Bank's Strategy -- Strategic Management Cycle -- Modelling Strategic Risk - A Review of the Literature and Limitations -- Proposed Strategic Risk Management System -- Enterprise Risk Oversight Committee (EROC) -- Strategic Direction and Monitoring Committee (SDMC) -- Embedding Strategic Risk Management in Banks -- Conclusions -- Bibliography -- 3. Staying Ahead of the Curve: Macroeconomics and Balance Sheet Management -- Quantitative Easing and Low Interest Rates -- Quantitative Tightening and High Interest Rates -- The Savings Ratio -- Gross Domestic Product -- Conclusion -- Bibliography -- 4. Climate Change and Social Justice: Challenges for Banks in the Regulatory Landscape and Competitive Environment -- Are Banks the Problem or the Solution? -- Who Is the Bank Accountable to First: Its Clients? Regulators? Shareholders? -- How Would They Go About Tackling Such an Issue? -- Bibliography -- Additional Research -- 5. A Diversified Funding Profile for Banks: Including Green Bonds in the Liability Structure -- Climate Change and Climate Risk -- Valuation of Green Bonds -- Green Bonds for Banks -- How Do Banks Benefit in Terms of ALM? -- Implementing Green Bonds for Banks -- Trends in Bank Green Bond Issuance -- Bank Green Bond Strategy -- Issuing Green Bonds -- Conclusion -- Bibliography -- II - Regulation and Risk Management -- 6. Back to Basics: The Future of Sustainable Banking -- Governing Principles, Stability and Regulation -- Recent Examples of Bank Failures Include Silicon Valley Bank (SVB) and Credit Suisse (CS) -- Bank Strategy and Communication -- Nurturing Sustainability and Not Panicking -- Knowing the Customer -- Risk Appetite and Risk Management | |
| 505 | 8 | |a Working Together and Conclusions -- 7. Bank Regulation: Where We've Been, and Where Are We Going? -- Stability -- March 2020 -- Non-Financial Bank Intermediaries -- Back to (More) Normal -- US Regional Banks: A Not so Old Fashioned Bank Run -- Credit Suisse -- What's Next -- Basel I, II, III... -- Final Thoughts -- 8. Are We Heading Towards 'Basel V'? Climate, Cryptos and Other Challenges for Banks -- Climate-Related Financial Risks -- Theoretically No New Rules, But Watch This Space -- Emphasis on Financial (and Reputational) Risks -- Risk Coverage -- Long-Term Horizon -- Scenario Analyses and Stress Testing -- Data Limitations -- Cryptos13 -- Implications for Practitioners -- Monitoring Regulatory and Industry Body Developments -- Monitoring and Managing the Risks of Non-Participation -- Assessing, Selecting and Risk Managing Crypto Business Models -- Concluding Remarks -- 9. Counterparty Credit Risk: Lessons From Recent Events* -- Counterparty Credit Risk -- Introduction -- Collateralisation -- Central Clearing Counterparty -- Case 1: Archegos Capital Management -- Large Total Return Swap Exposures -- Incentives for Market Manipulations -- Collapse Triggered by Margin Calls -- Liquidation of Hedge Positions -- Insufficient Initial Margin -- Case 2: Clearing Risks in Energy Crisis -- Spike in Energy Prices -- Liquidity Challenges for Energy Firms -- Huge Margin Shortfalls -- Complex Liability Chains -- Risks for Banks as Clearers -- Deficiencies in Capital Regulation -- Shortcomings in SA-CCR -- CCR RWA for Archegos Transactions -- RWA for Clearing Exposures With Clients -- Lessons Learned and Recommendations -- III - Best Practice in Interest-Rate Risk Management -- 10. IRRBB: Moving From Regulatory Reporting to Balance Sheet Insights and Management Information -- The Typical Legacy Process Architecture -- Data -- Process -- Modelling / Scenarios | |
| 505 | 8 | |a Calculations -- Reporting -- The Case for Change -- Interest Rate Outlook -- The Need for Balance Sheet Optimisation -- Speed of Change -- Investors Increased Scrutiny -- Efficiency and Cost Reduction -- What Good Looks Like in a Target Operating Model in Treasury -- Conclusion -- 11. Hedging Strategies for Pipeline Hedging, Prepayment Hedging and Structural Hedging -- Structural Hedging: Pipeline Risk -- Example 1 -- Example 2 -- Structural Hedging - Current Accounts -- Example 3 -- Prepayment Hedging -- Conclusion -- 12. Modelling Mortgage Prepayments in Uncertainty: The Rate Incentive Approach -- Background -- The Rate Incentive Approach -- Retrospective Testing -- Alternative Theories of Customer Prepayments -- Early Repayment Charges (ERCs) -- Conclusion -- Bibliography -- 13. The Future of Structural Interest-Rate Risk Hedging1 -- Materiality of Structural IRR -- The Objective of Structural Hedging: Cyclical Smoothing -- Performance of an NMD Investment Book -- Suspending Re-Investment - A Retrospective Analysis -- The Failure of Silicon Valley Bank (SVB): Lessons for Structural Hedging -- Practical Implications -- Bibliography -- IV - Trading and Relative Value Perspectives -- 14. The Gilt Futures Basis: Analysis and Trading -- Introduction -- Definitions and Basic Principles -- Trading the Basis -- Delivery -- What Makes a Bond CTD? -- Three Calculation Methods -- A Flat Curve and the Impact of Market Direction -- Impact of Curve and Relative Value Moves -- Impact of Carry -- Theory of Net Basis Pricing -- The Seller's Options -- How to Value the Net Basis (Option) -- Selected Basis Trading Strategies -- One Clear CTD -- Two Joint CTDs -- Trading and Hedging the Tail -- Other Issues -- Balance Sheet Availability: Example Illustrations -- Carry and the Timing of Delivery -- Case Study -- The December 2022 Gilt Future | |
| 505 | 8 | |a The December 22-March 23 Gilt Roll -- Conclusion -- Index | |
| 520 | |a With 100% emphasis on accessible, clear, and applicable advice Professional Perspectives on Banking and Financeprovides suggestions to instil best practice in any commercial bank | ||
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |z 978-1-83549-335-9 |a Choudhry, Moorad |t Professional Perspectives on Banking and Finance |d Leeds : Emerald Publishing Limited,c2024 |
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Datensatz im Suchindex
| _version_ | 1817387339722260480 |
|---|---|
| adam_text | |
| any_adam_object | |
| author | Choudhry, Moorad |
| author2 | Choudhry, Moorad 1966- |
| author2_role | edt |
| author2_variant | m c mc |
| author_GND | (DE-588)141375760 |
| author_facet | Choudhry, Moorad Choudhry, Moorad 1966- |
| author_role | aut |
| author_sort | Choudhry, Moorad |
| author_variant | m c mc |
| building | Verbundindex |
| bvnumber | BV049876461 |
| collection | ZDB-30-PQE |
| contents | Cover -- Professional Perspectives on Banking and Finance, Volume 1 -- PROFESSIONAL PERSPECTIVES ON BANKING AND FINANCE -- Professional Perspectives on Banking and Finance, Volume 1 -- Copyright Page -- Contents -- About the Contributors -- Preface -- Disclaimer -- I - Current and Future Challenges in Banking -- 1. The Changing Business Landscape: Competitive Priorities for Resilient Banks -- Introduction -- Digital Transformation: Embracing Technological Advancements -- The Importance of Digital Transformation in Banking -- Harnessing Automation and AI in Banking Processes -- Leveraging Data Analytics and Cloud Computing in Banking -- Risk Management: Safeguarding Stability in Uncertain Times -- Evolving Risk Landscape for Banks -- Building Robust Risk Management Frameworks and Balance Sheet Management -- Liquidity Risk Management -- Capital Adequacy and Capital Allocation -- Asset-Liability Management (ALM) -- Credit Risk Management -- Profitability and Performance Measurement -- Strengthening Cybersecurity and Compliance -- Customer Experience: Building Lasting Relationships -- Changing Customer Expectations in Banking -- Embracing Customer-Centric Technologies -- Leveraging Data Analytics for Customer Insights -- Strategic Partnerships: Collaboration for Success -- The Benefits of Strategic Partnerships in Banking -- Types of Strategic Partnerships in Banking -- Establishing Effective Partnership Strategies -- Innovation and Adaptation -- Differentiation through Innovation -- Continuous Monitoring and Adaptation -- Conclusion -- Editor's Conclusions -- The Changing Business Landscape: Competitive Priorities for Resilient Banks -- Moorad Choudhry -- Back to Basics: ALM Discipline -- Risk Culture -- Conclusion -- Recommendations for Effective Risk Culture -- Bibliography -- 2. Strategic Risk Management in Banking -- The 'Other' Risk Strategy vs Strategic Management -- Bank Strategy -- The Bottom Line -- Direct Drivers -- Indirect Drivers -- Trade-Offs and Cost of Capital -- Strategic Risk -- Developing the Bank's Strategy -- Strategic Management Cycle -- Modelling Strategic Risk - A Review of the Literature and Limitations -- Proposed Strategic Risk Management System -- Enterprise Risk Oversight Committee (EROC) -- Strategic Direction and Monitoring Committee (SDMC) -- Embedding Strategic Risk Management in Banks -- Conclusions -- Bibliography -- 3. Staying Ahead of the Curve: Macroeconomics and Balance Sheet Management -- Quantitative Easing and Low Interest Rates -- Quantitative Tightening and High Interest Rates -- The Savings Ratio -- Gross Domestic Product -- Conclusion -- Bibliography -- 4. Climate Change and Social Justice: Challenges for Banks in the Regulatory Landscape and Competitive Environment -- Are Banks the Problem or the Solution? -- Who Is the Bank Accountable to First: Its Clients? Regulators? Shareholders? -- How Would They Go About Tackling Such an Issue? -- Bibliography -- Additional Research -- 5. A Diversified Funding Profile for Banks: Including Green Bonds in the Liability Structure -- Climate Change and Climate Risk -- Valuation of Green Bonds -- Green Bonds for Banks -- How Do Banks Benefit in Terms of ALM? -- Implementing Green Bonds for Banks -- Trends in Bank Green Bond Issuance -- Bank Green Bond Strategy -- Issuing Green Bonds -- Conclusion -- Bibliography -- II - Regulation and Risk Management -- 6. Back to Basics: The Future of Sustainable Banking -- Governing Principles, Stability and Regulation -- Recent Examples of Bank Failures Include Silicon Valley Bank (SVB) and Credit Suisse (CS) -- Bank Strategy and Communication -- Nurturing Sustainability and Not Panicking -- Knowing the Customer -- Risk Appetite and Risk Management Working Together and Conclusions -- 7. Bank Regulation: Where We've Been, and Where Are We Going? -- Stability -- March 2020 -- Non-Financial Bank Intermediaries -- Back to (More) Normal -- US Regional Banks: A Not so Old Fashioned Bank Run -- Credit Suisse -- What's Next -- Basel I, II, III... -- Final Thoughts -- 8. Are We Heading Towards 'Basel V'? Climate, Cryptos and Other Challenges for Banks -- Climate-Related Financial Risks -- Theoretically No New Rules, But Watch This Space -- Emphasis on Financial (and Reputational) Risks -- Risk Coverage -- Long-Term Horizon -- Scenario Analyses and Stress Testing -- Data Limitations -- Cryptos13 -- Implications for Practitioners -- Monitoring Regulatory and Industry Body Developments -- Monitoring and Managing the Risks of Non-Participation -- Assessing, Selecting and Risk Managing Crypto Business Models -- Concluding Remarks -- 9. Counterparty Credit Risk: Lessons From Recent Events* -- Counterparty Credit Risk -- Introduction -- Collateralisation -- Central Clearing Counterparty -- Case 1: Archegos Capital Management -- Large Total Return Swap Exposures -- Incentives for Market Manipulations -- Collapse Triggered by Margin Calls -- Liquidation of Hedge Positions -- Insufficient Initial Margin -- Case 2: Clearing Risks in Energy Crisis -- Spike in Energy Prices -- Liquidity Challenges for Energy Firms -- Huge Margin Shortfalls -- Complex Liability Chains -- Risks for Banks as Clearers -- Deficiencies in Capital Regulation -- Shortcomings in SA-CCR -- CCR RWA for Archegos Transactions -- RWA for Clearing Exposures With Clients -- Lessons Learned and Recommendations -- III - Best Practice in Interest-Rate Risk Management -- 10. IRRBB: Moving From Regulatory Reporting to Balance Sheet Insights and Management Information -- The Typical Legacy Process Architecture -- Data -- Process -- Modelling / Scenarios Calculations -- Reporting -- The Case for Change -- Interest Rate Outlook -- The Need for Balance Sheet Optimisation -- Speed of Change -- Investors Increased Scrutiny -- Efficiency and Cost Reduction -- What Good Looks Like in a Target Operating Model in Treasury -- Conclusion -- 11. Hedging Strategies for Pipeline Hedging, Prepayment Hedging and Structural Hedging -- Structural Hedging: Pipeline Risk -- Example 1 -- Example 2 -- Structural Hedging - Current Accounts -- Example 3 -- Prepayment Hedging -- Conclusion -- 12. Modelling Mortgage Prepayments in Uncertainty: The Rate Incentive Approach -- Background -- The Rate Incentive Approach -- Retrospective Testing -- Alternative Theories of Customer Prepayments -- Early Repayment Charges (ERCs) -- Conclusion -- Bibliography -- 13. The Future of Structural Interest-Rate Risk Hedging1 -- Materiality of Structural IRR -- The Objective of Structural Hedging: Cyclical Smoothing -- Performance of an NMD Investment Book -- Suspending Re-Investment - A Retrospective Analysis -- The Failure of Silicon Valley Bank (SVB): Lessons for Structural Hedging -- Practical Implications -- Bibliography -- IV - Trading and Relative Value Perspectives -- 14. The Gilt Futures Basis: Analysis and Trading -- Introduction -- Definitions and Basic Principles -- Trading the Basis -- Delivery -- What Makes a Bond CTD? -- Three Calculation Methods -- A Flat Curve and the Impact of Market Direction -- Impact of Curve and Relative Value Moves -- Impact of Carry -- Theory of Net Basis Pricing -- The Seller's Options -- How to Value the Net Basis (Option) -- Selected Basis Trading Strategies -- One Clear CTD -- Two Joint CTDs -- Trading and Hedging the Tail -- Other Issues -- Balance Sheet Availability: Example Illustrations -- Carry and the Timing of Delivery -- Case Study -- The December 2022 Gilt Future The December 22-March 23 Gilt Roll -- Conclusion -- Index |
| ctrlnum | (ZDB-30-PQE)EBC31075655 (ZDB-30-PAD)EBC31075655 (ZDB-89-EBL)EBL31075655 (OCoLC)1438671460 (DE-599)BVBBV049876461 |
| dewey-full | 380 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 380 - Commerce, communications, transportation |
| dewey-raw | 380 |
| dewey-search | 380 |
| dewey-sort | 3380 |
| dewey-tens | 380 - Commerce, communications, transportation |
| discipline | Wirtschaftswissenschaften |
| edition | First edition |
| format | Electronic eBook |
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The Changing Business Landscape: Competitive Priorities for Resilient Banks -- Introduction -- Digital Transformation: Embracing Technological Advancements -- The Importance of Digital Transformation in Banking -- Harnessing Automation and AI in Banking Processes -- Leveraging Data Analytics and Cloud Computing in Banking -- Risk Management: Safeguarding Stability in Uncertain Times -- Evolving Risk Landscape for Banks -- Building Robust Risk Management Frameworks and Balance Sheet Management -- Liquidity Risk Management -- Capital Adequacy and Capital Allocation -- Asset-Liability Management (ALM) -- Credit Risk Management -- Profitability and Performance Measurement -- Strengthening Cybersecurity and Compliance -- Customer Experience: Building Lasting Relationships -- Changing Customer Expectations in Banking -- Embracing Customer-Centric Technologies -- Leveraging Data Analytics for Customer Insights -- Strategic Partnerships: Collaboration for Success -- The Benefits of Strategic Partnerships in Banking -- Types of Strategic Partnerships in Banking -- Establishing Effective Partnership Strategies -- Innovation and Adaptation -- Differentiation through Innovation -- Continuous Monitoring and Adaptation -- Conclusion -- Editor's Conclusions -- The Changing Business Landscape: Competitive Priorities for Resilient Banks -- Moorad Choudhry -- Back to Basics: ALM Discipline -- Risk Culture -- Conclusion -- Recommendations for Effective Risk Culture -- Bibliography -- 2. Strategic Risk Management in Banking -- The 'Other' Risk</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Strategy vs Strategic Management -- Bank Strategy -- The Bottom Line -- Direct Drivers -- Indirect Drivers -- Trade-Offs and Cost of Capital -- Strategic Risk -- Developing the Bank's Strategy -- Strategic Management Cycle -- Modelling Strategic Risk - A Review of the Literature and Limitations -- Proposed Strategic Risk Management System -- Enterprise Risk Oversight Committee (EROC) -- Strategic Direction and Monitoring Committee (SDMC) -- Embedding Strategic Risk Management in Banks -- Conclusions -- Bibliography -- 3. Staying Ahead of the Curve: Macroeconomics and Balance Sheet Management -- Quantitative Easing and Low Interest Rates -- Quantitative Tightening and High Interest Rates -- The Savings Ratio -- Gross Domestic Product -- Conclusion -- Bibliography -- 4. Climate Change and Social Justice: Challenges for Banks in the Regulatory Landscape and Competitive Environment -- Are Banks the Problem or the Solution? -- Who Is the Bank Accountable to First: Its Clients? Regulators? Shareholders? -- How Would They Go About Tackling Such an Issue? -- Bibliography -- Additional Research -- 5. A Diversified Funding Profile for Banks: Including Green Bonds in the Liability Structure -- Climate Change and Climate Risk -- Valuation of Green Bonds -- Green Bonds for Banks -- How Do Banks Benefit in Terms of ALM? -- Implementing Green Bonds for Banks -- Trends in Bank Green Bond Issuance -- Bank Green Bond Strategy -- Issuing Green Bonds -- Conclusion -- Bibliography -- II - Regulation and Risk Management -- 6. Back to Basics: The Future of Sustainable Banking -- Governing Principles, Stability and Regulation -- Recent Examples of Bank Failures Include Silicon Valley Bank (SVB) and Credit Suisse (CS) -- Bank Strategy and Communication -- Nurturing Sustainability and Not Panicking -- Knowing the Customer -- Risk Appetite and Risk Management</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Working Together and Conclusions -- 7. Bank Regulation: Where We've Been, and Where Are We Going? -- Stability -- March 2020 -- Non-Financial Bank Intermediaries -- Back to (More) Normal -- US Regional Banks: A Not so Old Fashioned Bank Run -- Credit Suisse -- What's Next -- Basel I, II, III... -- Final Thoughts -- 8. Are We Heading Towards 'Basel V'? Climate, Cryptos and Other Challenges for Banks -- Climate-Related Financial Risks -- Theoretically No New Rules, But Watch This Space -- Emphasis on Financial (and Reputational) Risks -- Risk Coverage -- Long-Term Horizon -- Scenario Analyses and Stress Testing -- Data Limitations -- Cryptos13 -- Implications for Practitioners -- Monitoring Regulatory and Industry Body Developments -- Monitoring and Managing the Risks of Non-Participation -- Assessing, Selecting and Risk Managing Crypto Business Models -- Concluding Remarks -- 9. Counterparty Credit Risk: Lessons From Recent Events* -- Counterparty Credit Risk -- Introduction -- Collateralisation -- Central Clearing Counterparty -- Case 1: Archegos Capital Management -- Large Total Return Swap Exposures -- Incentives for Market Manipulations -- Collapse Triggered by Margin Calls -- Liquidation of Hedge Positions -- Insufficient Initial Margin -- Case 2: Clearing Risks in Energy Crisis -- Spike in Energy Prices -- Liquidity Challenges for Energy Firms -- Huge Margin Shortfalls -- Complex Liability Chains -- Risks for Banks as Clearers -- Deficiencies in Capital Regulation -- Shortcomings in SA-CCR -- CCR RWA for Archegos Transactions -- RWA for Clearing Exposures With Clients -- Lessons Learned and Recommendations -- III - Best Practice in Interest-Rate Risk Management -- 10. IRRBB: Moving From Regulatory Reporting to Balance Sheet Insights and Management Information -- The Typical Legacy Process Architecture -- Data -- Process -- Modelling / Scenarios</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Calculations -- Reporting -- The Case for Change -- Interest Rate Outlook -- The Need for Balance Sheet Optimisation -- Speed of Change -- Investors Increased Scrutiny -- Efficiency and Cost Reduction -- What Good Looks Like in a Target Operating Model in Treasury -- Conclusion -- 11. Hedging Strategies for Pipeline Hedging, Prepayment Hedging and Structural Hedging -- Structural Hedging: Pipeline Risk -- Example 1 -- Example 2 -- Structural Hedging - Current Accounts -- Example 3 -- Prepayment Hedging -- Conclusion -- 12. Modelling Mortgage Prepayments in Uncertainty: The Rate Incentive Approach -- Background -- The Rate Incentive Approach -- Retrospective Testing -- Alternative Theories of Customer Prepayments -- Early Repayment Charges (ERCs) -- Conclusion -- Bibliography -- 13. The Future of Structural Interest-Rate Risk Hedging1 -- Materiality of Structural IRR -- The Objective of Structural Hedging: Cyclical Smoothing -- Performance of an NMD Investment Book -- Suspending Re-Investment - A Retrospective Analysis -- The Failure of Silicon Valley Bank (SVB): Lessons for Structural Hedging -- Practical Implications -- Bibliography -- IV - Trading and Relative Value Perspectives -- 14. The Gilt Futures Basis: Analysis and Trading -- Introduction -- Definitions and Basic Principles -- Trading the Basis -- Delivery -- What Makes a Bond CTD? -- Three Calculation Methods -- A Flat Curve and the Impact of Market Direction -- Impact of Curve and Relative Value Moves -- Impact of Carry -- Theory of Net Basis Pricing -- The Seller's Options -- How to Value the Net Basis (Option) -- Selected Basis Trading Strategies -- One Clear CTD -- Two Joint CTDs -- Trading and Hedging the Tail -- Other Issues -- Balance Sheet Availability: Example Illustrations -- Carry and the Timing of Delivery -- Case Study -- The December 2022 Gilt Future</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">The December 22-March 23 Gilt Roll -- Conclusion -- Index</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">With 100% emphasis on accessible, clear, and applicable advice Professional Perspectives on Banking and Financeprovides suggestions to instil best practice in any commercial bank</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="z">978-1-83549-335-9</subfield><subfield code="a">Choudhry, Moorad</subfield><subfield code="t">Professional Perspectives on Banking and Finance</subfield><subfield code="d">Leeds : Emerald Publishing Limited,c2024</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://www.emerald.com/insight/publication/doi/10.1108/9781835493342</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-30-PQE</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-035215911</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://www.emerald.com/insight/publication/doi/10.1108/9781835493342</subfield><subfield code="l">DE-863</subfield><subfield code="p">ZDB-55-BME</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://www.emerald.com/insight/publication/doi/10.1108/9781835493342</subfield><subfield code="l">DE-862</subfield><subfield code="p">ZDB-55-BME</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://ebookcentral.proquest.com/lib/hwr/detail.action?docID=31075655</subfield><subfield code="l">DE-2070s</subfield><subfield code="p">ZDB-30-PQE</subfield><subfield code="q">HWR_PDA_PQE</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV049876461 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-03T04:13:48Z |
| institution | BVB |
| isbn | 9781835493342 9781835493366 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-035215911 |
| oclc_num | 1438671460 |
| open_access_boolean | |
| owner | DE-2070s DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-2070s DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource (xvii, 225 Seiten) |
| psigel | ZDB-30-PQE ZDB-55-BME ZDB-30-PQE HWR_PDA_PQE |
| publishDate | 2024 |
| publishDateSearch | 2024 |
| publishDateSort | 2024 |
| publisher | Emerald Publishing |
| record_format | marc |
| series2 | Professional perspectives on banking and finance series |
| spellingShingle | Choudhry, Moorad Professional perspectives on banking and finance volume 1 Cover -- Professional Perspectives on Banking and Finance, Volume 1 -- PROFESSIONAL PERSPECTIVES ON BANKING AND FINANCE -- Professional Perspectives on Banking and Finance, Volume 1 -- Copyright Page -- Contents -- About the Contributors -- Preface -- Disclaimer -- I - Current and Future Challenges in Banking -- 1. The Changing Business Landscape: Competitive Priorities for Resilient Banks -- Introduction -- Digital Transformation: Embracing Technological Advancements -- The Importance of Digital Transformation in Banking -- Harnessing Automation and AI in Banking Processes -- Leveraging Data Analytics and Cloud Computing in Banking -- Risk Management: Safeguarding Stability in Uncertain Times -- Evolving Risk Landscape for Banks -- Building Robust Risk Management Frameworks and Balance Sheet Management -- Liquidity Risk Management -- Capital Adequacy and Capital Allocation -- Asset-Liability Management (ALM) -- Credit Risk Management -- Profitability and Performance Measurement -- Strengthening Cybersecurity and Compliance -- Customer Experience: Building Lasting Relationships -- Changing Customer Expectations in Banking -- Embracing Customer-Centric Technologies -- Leveraging Data Analytics for Customer Insights -- Strategic Partnerships: Collaboration for Success -- The Benefits of Strategic Partnerships in Banking -- Types of Strategic Partnerships in Banking -- Establishing Effective Partnership Strategies -- Innovation and Adaptation -- Differentiation through Innovation -- Continuous Monitoring and Adaptation -- Conclusion -- Editor's Conclusions -- The Changing Business Landscape: Competitive Priorities for Resilient Banks -- Moorad Choudhry -- Back to Basics: ALM Discipline -- Risk Culture -- Conclusion -- Recommendations for Effective Risk Culture -- Bibliography -- 2. Strategic Risk Management in Banking -- The 'Other' Risk Strategy vs Strategic Management -- Bank Strategy -- The Bottom Line -- Direct Drivers -- Indirect Drivers -- Trade-Offs and Cost of Capital -- Strategic Risk -- Developing the Bank's Strategy -- Strategic Management Cycle -- Modelling Strategic Risk - A Review of the Literature and Limitations -- Proposed Strategic Risk Management System -- Enterprise Risk Oversight Committee (EROC) -- Strategic Direction and Monitoring Committee (SDMC) -- Embedding Strategic Risk Management in Banks -- Conclusions -- Bibliography -- 3. Staying Ahead of the Curve: Macroeconomics and Balance Sheet Management -- Quantitative Easing and Low Interest Rates -- Quantitative Tightening and High Interest Rates -- The Savings Ratio -- Gross Domestic Product -- Conclusion -- Bibliography -- 4. Climate Change and Social Justice: Challenges for Banks in the Regulatory Landscape and Competitive Environment -- Are Banks the Problem or the Solution? -- Who Is the Bank Accountable to First: Its Clients? Regulators? Shareholders? -- How Would They Go About Tackling Such an Issue? -- Bibliography -- Additional Research -- 5. A Diversified Funding Profile for Banks: Including Green Bonds in the Liability Structure -- Climate Change and Climate Risk -- Valuation of Green Bonds -- Green Bonds for Banks -- How Do Banks Benefit in Terms of ALM? -- Implementing Green Bonds for Banks -- Trends in Bank Green Bond Issuance -- Bank Green Bond Strategy -- Issuing Green Bonds -- Conclusion -- Bibliography -- II - Regulation and Risk Management -- 6. Back to Basics: The Future of Sustainable Banking -- Governing Principles, Stability and Regulation -- Recent Examples of Bank Failures Include Silicon Valley Bank (SVB) and Credit Suisse (CS) -- Bank Strategy and Communication -- Nurturing Sustainability and Not Panicking -- Knowing the Customer -- Risk Appetite and Risk Management Working Together and Conclusions -- 7. Bank Regulation: Where We've Been, and Where Are We Going? -- Stability -- March 2020 -- Non-Financial Bank Intermediaries -- Back to (More) Normal -- US Regional Banks: A Not so Old Fashioned Bank Run -- Credit Suisse -- What's Next -- Basel I, II, III... -- Final Thoughts -- 8. Are We Heading Towards 'Basel V'? Climate, Cryptos and Other Challenges for Banks -- Climate-Related Financial Risks -- Theoretically No New Rules, But Watch This Space -- Emphasis on Financial (and Reputational) Risks -- Risk Coverage -- Long-Term Horizon -- Scenario Analyses and Stress Testing -- Data Limitations -- Cryptos13 -- Implications for Practitioners -- Monitoring Regulatory and Industry Body Developments -- Monitoring and Managing the Risks of Non-Participation -- Assessing, Selecting and Risk Managing Crypto Business Models -- Concluding Remarks -- 9. Counterparty Credit Risk: Lessons From Recent Events* -- Counterparty Credit Risk -- Introduction -- Collateralisation -- Central Clearing Counterparty -- Case 1: Archegos Capital Management -- Large Total Return Swap Exposures -- Incentives for Market Manipulations -- Collapse Triggered by Margin Calls -- Liquidation of Hedge Positions -- Insufficient Initial Margin -- Case 2: Clearing Risks in Energy Crisis -- Spike in Energy Prices -- Liquidity Challenges for Energy Firms -- Huge Margin Shortfalls -- Complex Liability Chains -- Risks for Banks as Clearers -- Deficiencies in Capital Regulation -- Shortcomings in SA-CCR -- CCR RWA for Archegos Transactions -- RWA for Clearing Exposures With Clients -- Lessons Learned and Recommendations -- III - Best Practice in Interest-Rate Risk Management -- 10. IRRBB: Moving From Regulatory Reporting to Balance Sheet Insights and Management Information -- The Typical Legacy Process Architecture -- Data -- Process -- Modelling / Scenarios Calculations -- Reporting -- The Case for Change -- Interest Rate Outlook -- The Need for Balance Sheet Optimisation -- Speed of Change -- Investors Increased Scrutiny -- Efficiency and Cost Reduction -- What Good Looks Like in a Target Operating Model in Treasury -- Conclusion -- 11. Hedging Strategies for Pipeline Hedging, Prepayment Hedging and Structural Hedging -- Structural Hedging: Pipeline Risk -- Example 1 -- Example 2 -- Structural Hedging - Current Accounts -- Example 3 -- Prepayment Hedging -- Conclusion -- 12. Modelling Mortgage Prepayments in Uncertainty: The Rate Incentive Approach -- Background -- The Rate Incentive Approach -- Retrospective Testing -- Alternative Theories of Customer Prepayments -- Early Repayment Charges (ERCs) -- Conclusion -- Bibliography -- 13. The Future of Structural Interest-Rate Risk Hedging1 -- Materiality of Structural IRR -- The Objective of Structural Hedging: Cyclical Smoothing -- Performance of an NMD Investment Book -- Suspending Re-Investment - A Retrospective Analysis -- The Failure of Silicon Valley Bank (SVB): Lessons for Structural Hedging -- Practical Implications -- Bibliography -- IV - Trading and Relative Value Perspectives -- 14. The Gilt Futures Basis: Analysis and Trading -- Introduction -- Definitions and Basic Principles -- Trading the Basis -- Delivery -- What Makes a Bond CTD? -- Three Calculation Methods -- A Flat Curve and the Impact of Market Direction -- Impact of Curve and Relative Value Moves -- Impact of Carry -- Theory of Net Basis Pricing -- The Seller's Options -- How to Value the Net Basis (Option) -- Selected Basis Trading Strategies -- One Clear CTD -- Two Joint CTDs -- Trading and Hedging the Tail -- Other Issues -- Balance Sheet Availability: Example Illustrations -- Carry and the Timing of Delivery -- Case Study -- The December 2022 Gilt Future The December 22-March 23 Gilt Roll -- Conclusion -- Index |
| title | Professional perspectives on banking and finance volume 1 |
| title_auth | Professional perspectives on banking and finance volume 1 |
| title_exact_search | Professional perspectives on banking and finance volume 1 |
| title_full | Professional perspectives on banking and finance volume 1 editor Professor Moorad Choudhry (The BTRM, London) |
| title_fullStr | Professional perspectives on banking and finance volume 1 editor Professor Moorad Choudhry (The BTRM, London) |
| title_full_unstemmed | Professional perspectives on banking and finance volume 1 editor Professor Moorad Choudhry (The BTRM, London) |
| title_short | Professional perspectives on banking and finance |
| title_sort | professional perspectives on banking and finance volume 1 |
| title_sub | volume 1 |
| url | https://www.emerald.com/insight/publication/doi/10.1108/9781835493342 |
| work_keys_str_mv | AT choudhrymoorad professionalperspectivesonbankingandfinancevolume1 |