Asset/Liability Management of Financial Institutions: Maximising Shareholder Value through Risk-Conscious Investing

As the first-ever definitive guide to Asset/Liability Management (ALM) across financial institutions, this book is essential in developing consistent frameworks for risk management. Leveraging the experience of 38 senior industry practitioners, it provides a unique and practical perspective on the practice of ALM. The book covers the management, techniques and practices of ALM in financial institutions, the challenges facing depository institutions, the insurance industry, pension and mortgage providers, and the regulatory and accounting aspects of ALM options and decisions. It looks at considerations for equity analysts and investors, the role of asset managers, applications of financial modelling and how to construct optimal benchmarks, and much more. For financial and corporate executives, treasurers, portfolio managers, investment bankers, traders, actuaries, modellers, academics and regulators, this book brings you face-to-face with the leading experts and is a valuable reference for anyone involved in the business of ALM at this critical juncture. This book has been sited as a reference in the Basel Committee on Banking Supervision's Consultative Document: The Application of Basel II to Trading Activities and the Treatment of Double Default Effects (April 2005).