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Financial Institutions Management: A Risk Management Approach
Financial Institutions Management: A Risk Management Approach

Financial Institutions Management: A Risk Management Approach, 10th Edition

ISBN10: 1260013820 | ISBN13: 9781260013825
By Anthony Saunders, Marcia Cornett and Otgo Erhemjamts

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* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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Saunders and Cornett's Financial Institutions Management: A Risk Management Approach provides an innovative approach that 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.

PART ONE: Introduction
Ch. 1 Why Are Financial Institutions Special?
Ch. 2 Financial Services: Depository Institutions
Ch. 3 Financial Services: Finance Companies
Ch. 4 Financial Services: Securities Firms and Investment Banks
Ch. 5 Financial Services: Mutual Fund and Hedge Fund Companies
Ch. 6 Financial Services: Insurance Companies
Ch. 7 Risks of Financial Institutions

PART TWO: Measuring Risk
Ch. 8 Interest Rate Risk I
Ch. 9 Interest Rate Risk II
Ch. 10 Credit Risk: Individual Loan Risk
Ch. 11 Credit Risk: Loan Portfolio and Concentration Risk
Ch. 12 Liquidity Risk
Ch. 13 Foreign Exchange Risk
Ch. 14 Sovereign Risk
Ch. 15 Market Risk
Ch. 16 Off-Balance-Sheet Risk
Ch. 17 Technology and Other Operational Risks
Ch. 18 Fintech Risks

PART THREE: Managing Risk
Ch. 19 Liability and Liquidity Management
Ch. 20 Deposit Insurance and Other Liability Guarantees
Ch. 21 Capital Adequacy
Ch. 22 Product and Geographic Expansion
Ch. 23 Futures and Forwards
Ch. 24 Options, Caps, Floors, and Collars
Ch. 25 Swaps
Ch. 26 Loan Sales
Ch. 27 Securitization

About the Author

Anthony Saunders

Anuhony Saunders is the John M. Schiff Professor of Finance and the former Chair of the Department of Finance at the Stem School of Business at New York University. Professor Saunders received his PhD from the London School of Economics and has taught both undergraduate- and graduate-level courses at NYU since 1978. Throughout his academic career, his teaching and research have specialized in financial institutions and international banking. He has served as a visiting professor all over the world, including INSEAD, the Stockholm School of Economics, and the University of Melbourne.

Professor Saunders has held positions on the Board of Academic Consultants of the Federal Reserve Board of Governors as well as the Council of Research Advisors for the Federal National Mortgage Association. In addition, Dr. Saunders has acted as a visiting scholar at the Comptroller of the Currency and at the Federal Reserve Banks of Philadelphia and New York. He was an academic consultant for the FDIC. He also held a visiting position in the research department of the International Monetary Fund. He is editor of Financial Markets, Instruments and Institutions. His research has been published in all the major money and banking and finance journals and in several books. In addition, he has authored or coauthored several professional books, including Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms, third edition, John Wiley and Sons, New York, 2010. In 2008, he was ranked as the most published author in the last SO years in the top seven journals in finance.

Marcia Cornett

Marcia Millon is the Cornett Robert A. and Julia E. Dorn Professor of Finance at Bentley University. She received her BS degree in economics from Knox College in Galesburg, Illinois, and her MBA and PhD degrees in finance from Indiana University in Bloomington, Indiana. Dr. Cornett has written and published several articles in the areas of bank performance, bank regulation, corporate finance, and investments. 

Articles authored by Dr. Cornett have appeared in such academic journals as the Journal of Finance; Journal of Money, Credit, and Banking; Journal of Financial Economics; Financial Management; and Journal of Banking and Finance. She was recently ranked the 124th most published out of more than 17,600 authors and the number five female author in finance literature over the last 50 years. Along with Anthony Saunders and Otgontsetseg Erhemjamts, Dr. Cornett has recently completed work on the eighth edition of Financial Markets and Institutions (McGraw Hill Education). Along with Troy Adair and John Nofsinger, Dr. Cornett has recently completed work on the sixth edition of Finance: Applications and Theory (McGraw Hill Education). Dr. Cornett serves as an Associate Editor for the the Journal of Banking and Finance, Journal of Financial Services Research, Review of Financial Economics, Financial Review, and Multinational Finance Journal

Dr. Cornett has served as a member of the board of directors, the executive committee, and the finance committee of the SIU Credit Union. Dr. Cornett has also taught at Southern Illinois University at Carbondale, the University of Colorado, Boston College, and Southern Methodist University. She is a member of the Financial Management Association, the American Finance Association, and the Western Finance Association.

Otgo Erhemjamts

Otgo Erhemjamts is the Dean of the School of Managment and Professor of Finance at University of San Francisco. She received her BS and MS degrees in Information Technology from Mongolian University of Science and Technology, her MS degree in Economics Tom University of Idaho, and her PhD degree in Finance from Georgia State University. Dr. Erhemjamts has written and published articles in the areas of risk management, bank performance, life insurer demutualizations, product market competition, industry structure, and corporate social responsibility. 

Her research has appeared in academic journals such as Journal of Money, Credit, and Banking; Journal of Banking and Finance; Journal of Risk and Insurance; and Journal of Business Ethics. Dr. Erhemjamts serves as an Associate Editor for the Global Finance Journal. She has taught undergraduate- and graduate-level courses in financial institutions, risk management and insurance, financial markets, investments, equity valuation, and sustainable investing it Georgia State University and Bentley University. Dr. Erhemjamts is a member of the Financial Management Association, the American Finance Association, and the Eastern Finance Association.

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