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Financial institutions management : A risk management approach 7th
Over the last 75 years, the financial services industry has come full cycle. Originally, the banking industry operated as a full-service industry, performing directly or indirectly all financial services (commercial banking, investment banking, stock investing services, insurance providers, etc.). In the early 1930s, the economic and industrial collapse resulted in the separation of some of these activities. In the 1970s and 1980s, new, relatively unregulated financial services industries sprang up (mutual funds, brokerage funds, etc.) that separated financial services functions even further. As we enter the 21st century, regulatory barriers, technology, and financial innovation changes are such that a full set of financial services may again be offered by a single financial services firm. Not only are the boundaries between traditional industry sectors weakening, but competition is becoming global in nature as well. As the competitive environment changes, attention to profit and, more than ever, risk becomes increasingly important. The major themes of this book are the measurement and management of the risks of financial institutions. Financial institutions (e.g., banks, credit unions, insurance companies, and mutual funds), or FIs, perform the essential function of channeling funds from those with surplus funds (suppliers of funds) to those with shortages of funds (users of funds). In 2007, U.S. FIs held assets totaling over $37.46 trillion. In contrast, the U.S. motor vehicle and parts industry (e.g., General Motors and Ford Motor Corp.) held total assets of $0.47 trillion. Although we might categorize or group FIs as life insurance companies, banks, finance companies, and so on, they face many common risks. Specifically, all FIs described in this chapter and Chapters 2 through 6 (1) hold some assets that are potentially subject to default or credit risk and (2) tend to mismatch the maturities of their balance sheet assets and liabilities to a greater or lesser extent and are thus exposed to interest rate risk. Moreover, all FIs are exposed to some degree of liability withdrawal or liquidity risk, depending on the type of claims they have sold to liability holders. In addition, most FIs are exposed to some type of underwriting risk, whether through the sale of securities or the issue of various
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| Tan 658. 15 Sau f ( 7th ed ) | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | New York: McGraw Hill 2011 |
|---|---|
| Edisi | - |
| Subjek | - |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |