Financial Institutions Management: A Risk Management Approach

Part I Introduction
Ch. 1 Why Are Financial Institutions Special?
Appendix 1A The Financial Crisis: The Failure of Financial Services Specialness
Appendix 1B Monetary Policy Tools (online)
Ch. 2 Financial Services: Depository Institutions
Appendix 2A Financial Statement Analysis Using a Return on Equity (ROE) Framwork (online)
Appendix 2B Commercial Bank' Financial Statements and Analysis (online)
Appendix 2C Depository Institutions and Their Regulators (online)
Appendix 2D Technology in Commercial Banking (online)
Ch. 3 Financial Services: Insurance
Ch. 4 Financial Services: Securities Brokerage and Investment Banking
Ch. 5 Financial Services: Mutual Funds and Hedge Funds
Ch. 6 Financial Services: Finance Companies
Ch. 7 Risks of Financial Institutions
Part II Measuring Risk
Ch. 8 Interest Rate Risk I
Appendix 8A The Maturity Model (online)
Appendix 8B Term Structure of Interest Rates
Ch. 9 Interest Rate Risk II
Appendix 9A The Basics of Bond Valuation (online)
Appendix 9B Incorporating Convexity into the Duration Model
Ch. 10 Market Risk
Ch. 11 Credit Risk: Individual Loan Risk
Appendix 11A Credit Analysis (online)
Appendix 11B Black-Scholes Option Pricing Model (online)
Ch. 12 Credit Risk: Loan Portfolio and Concentration Risk
Appendix 12A CreditMetrics
Appendix 12B CreditRisk+
Ch. 13 Off-Balance-Sheet Risk
Appendix 13A A Letter of Credit Transaction (online)
Ch. 14 Foreign Exchange Risk
Ch. 15 Sovereign Risk
Appendix 15A Mechanisms for Dealing with Sovereign Risk Exposure
Ch. 16 Technology and Other Operational Risks
Ch. 17 Liquidity Risk
Appendix 17A Sources and Uses of Funds Statement, Bank of America, December 2005 (online)
Part III Managing Risk
Ch. 18 Liability and Liquidity Management
Appendix 18A Federal Reserve Requirement Accounting
Appendix 18B Bankers Acceptances and Commercial Paper as Sources of Financing
Ch. 19 Deposit Insurance and Other Liability Guarantees
Appendix

Anthony Saunders is the John M. Schiff Professor of Finance and the Chair of the Department of Finance at the Stern 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. He is currently on the Executive Committee of the Salomon Center for the Study of Financial Institutions, NYU. 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 co-authored several professional books, the most recent of which is Credit Risk Measurement: New Approaches to Value at Risk and Other Paradigms, John Wiley and Sons, New York, 1999