The Principles of Banking
Banks are a vital and indispensable part of the world's economy. It is imperative that they are managed on a sustainable basis, and in a way that assists global economic development. The Principles of Banking offers a comprehensive account of the essential principles of banking, aimed at senior bankers, regulators, board members, and legislators. Serving as a policy guide for market practitioners and regulators at all levels, the book provides in-depth guidance and technical analysis of exactly what constitutes good banking practice.
Praise for The Principles of Banking
"The Principles of Banking opens up a portal into the world of sophisticated, dynamic, capital markets-based commercial banking. He gives us the big picture, the precise details, and a framework for analyzing the enormous risks facing these firms. The book is an invaluable resource."
— Jean Helwege, J. Henry Fellers Professor of Business Administration, Department of Finance, University of South Carolina
"This book is a must-read’ for all senior bankers. There is no writer better than Moorad Choudhry for communicating the vital principles of liquidity, capital and asset-liability management, and bank corporate governance."
— Professor Carol Alexander, Chair of Financial Risk Management, ICMA Centre, University of Reading
"The Principles of Banking is ideal reading for anyone planning or developing a career in banking. Professor Choudhry’s coverage is fully integrated, clear, and authoritative. There is no better practitioner’s guide to this subject."
— Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University
"Asset and liability management is at the heart of any bank. Moorad Choudhry has a wealth of experience in this area. The Principles of banking is an invaluable practical guide on how banks can lift their conduct to meet the challenges of the post-crash era."
— Abhijit Patharkar, Senior Business Manager, Asset and Liability Management, Standard Chartered Bank, Singapore
"The Principles of Banking is comprehensive coverage of best-practice concepts and his own recommended strategies which are set out in a very lucid manner. Moorad, who is a Visiting Professor at CARISMA, makes us proud; well done Moorad!"
— Gautam Mitra, Professor of Computational Optimisation and Modelling & Emeritus Professor, Brunel University
"The Principles of Banking is a timely reminder and update, incorporating lessons from the crisis and offering practical insights from that rare person—someone who combines working in the market with the dispassionate analysis of an academic. This book provides theory and practice in an easy-to-follow manner, an ideal reference for seasoned professionals."
— Irving Henry, Director, Prudential Capital and Risk, British Bankers’ Association, London
"As a banker and bank regulator, asset and liability management has remained a high priority area for me. Professor Choudhry’s inclusive and incisive book on the nitty-gritty and nuances of this extremely important subject will help both practitioners and researchers better understand and analyze new tools and models for measuring and managing risk, as well as to keep up with the innovation challenges."
— Dr. K C Chakrabarty, Deputy Governor, Reserve Bank of India, Mumbai
"Asset and liability management is, without doubt, a priority in banking. It is essential that proper controls are in place to ensure the best returns on, and also an efficient use of, capital. This book covers all essential topics in a straightforward manner and builds, from basic to complex, a very useful tool for everyone in this environment."