Banking Books
Liverpool University Press Strategies of Competition in the Bank Card
Book SynopsisThis is the first book to describe the history of the innovation of the bank card, from development to commercialisation. It describes the strategies employed by innovators in order to achieve competitive advantage, and the use of technology to manage implementation. Interviews and questionnaire surveys are conducted with all the major player in the bank card industry -- Barclays, Citibank, American Express, Diners Club, Visa International, Mondex International and Europay. The result is a clear and penetrating insight into all aspects of the bank card market.Trade Review"This publication will be welcomed by both practitioners and academics, as it is to my knowledge the first attempt to understand the innovation process with respect to bankcards, and to research the reasons behind some of the success and failures that have occurred in this increasingly important means of payment." - Professor Steve Worthington, Monash University"Ms Wonglimpiyarat has written a most useful work bringing together for the first time, in one publication, a comprehensive, high level history of the development of ATM, debit and credit cards. This is a particularly complex field which, rather surprisingly, is not well documented at a high level. This book will be useful at several levels - for the student seeking an introduction to a field which is of growing importance in all advanced economies and for the professional working in the field and wishing to know more about the developments." John Hardy, Chief Executive, LINK Interchange Network Ltd.Table of ContentsATM/Cash Cards; Credit Cards; EFTPOS/Debit Cards; Competition, Innovation and Performance: The Evolution of the Bank Card Business; Smart Cards; Index.
£27.67
Harriman House Publishing The Ultra High Net Worth Banker's Handbook
Book SynopsisEstimates show that there are around 20,000 Ultra High Net Worth individuals in existence today, each with bankable assets in excess of $50 million. Between them they possess a wealth of $5,000 billion, 10 per cent of the world's estimated total wealth. The UHNW wealth management business is therefore a critically important as well as complex part of modern finance. It exists within a 'client-banker-bank' triangle and is influenced by serious exogenous factors in political, economic and fiscal environments, as well as by numerous emotional, familial and personal dimensions. In this book, the authors address these complex relationships, serving as guides and advisors for UHNW bankers, banks and clients alike. The authors' clients have taught them that the three major frustrations for private banking clients are bad performance, bad communication with the banker, and confusion in the face of poorly explained financial processes. In the first part of the book, the authors offer their expert solutions to these problems and, in the second, help to eliminate confusion by explaining UHNW financial processes as clearly and simply as possible. The authors mix authoritative advice, gained from long careers in wealth management, with anecdotes and narrative, to make the book approachable as well as informative. The book also contains five major case studies that help to exemplify certain elements involved in UHNW banking across the world, including the importance and impact of: family values and governance; client confidence and connections; cultural and religious considerations; philanthropy; market crises and volatility; and, portfolio diversity and enterprise management. This book is for private bankers who work or aim to work in the Ultra High Net Worth field, the most sought-after and secluded high-end client segment of private banking and wealth management. For UHNW clients, this book is a guide on how to deal with your bankers and what you can expect from them, depicting the view from the other side of the table. And for the management of a private bank or private banking division of a financial institution, this book will serve as an essential introduction on how to improve performance. Expert, in-depth and accessible, "The Ultra High Net Worth Banker's Handbook" is the ultimate guide to this area of modern finance.Table of ContentsIntroducing UHNW Banking - Client privacy - Information leakage as an operational risk - Private bankers and client identity protection - In search of excellence Part I: UHNW Clients 1. The UHNW Client - Some statistics about UHNW - UHNW's importance within the banks - What do clients want? - Profiling UHNWIs - Family structure and the family company 2. UHNWI Case Studies - Introduction - Investigating strategy, execution and risks - Example 1: Europe - Example 2: Middle East - Example 3: Latin America - Example 4: USA - Example 5: Asia 3. About Wealthy Families - The family business and the family in business - The financial family - Family complexities and the typical family setup - Introduction to the major challenges - Dilution - Disputes - Tax - Lack of diversification - Isolation - Do we know what families need to do? Part II: UHNW Banking 4. Introduction to UHNW Banking - The banker's focus - Universal model of private banking - Schematic view of UHNW banking - Service quality: Snakes and Ladders - About beliefs and behaviours - Service universe: monetising, asset management, wealth structuring 5. The Mission of the UHNW Banker - Strategic advice - Wealth structuring and planning - Corporate finance, M&A and Monetisation - Asset management - Risk management 6. Building the UHNW Business - How to position yourself amongst the multiple providers - How to work with the family officer - How to lose an UHNW client 7. Skills - Resource management - Controlling procrastination - High performance - Communication - Intelligence - Managing uncertainty 8. Mindset - Adding value to your clients - Know your strengths and weaknesses - Your brand 9. Our Personal Recommendations - Build trust, avoid tragedies - Become a lifelong learner - Be professional through preparation - Intentional empathy - Focus - The most important questions for success Conclusion Bibliography Index
£71.25
Centre for Economic Policy Research The Future of Banking
Book SynopsisThis Vox book presents a collection of essays by leading European and US economists that offer solutions to the crisis and proposals for medium- to long-term reforms to the regulatory framework in which financial institutions operate.
£12.34
Complete Banker Money for Nothing and Your Cheques for Free
£14.77
Searching Finance Ltd Bank to the Future: Protect Your Future Before Governments Go Bust
£24.92
Triarchy Press Money and Sustainability: The Missing Link -
Book SynopsisA report from the Club of Rome - EU Chapter to Finance Watch and the World Business Academy. Foreword by Dennis Meadows, co-author of the 1972 Club of Rome report The Limits to Growth. Pioneering new research from the Club of Rome: In 1972, the first Report for the Club of Rome - The Limits to Growth - famously spelled out the unsustainable consequences of an economic system that demands infinite growth in a finite world. Just as The Limits to Growth exposed the catastrophic flaws in our economic system, this new Report from the Club of Rome exposes the systemic flaws in our money system and the wrong thinking that underpins it. It describes the ongoing currency and banking crises we must expect if we continue with the current monopoly system - and the vicious impact of these crises on our communities, our society as a whole and our environment. It finishes by setting out clear, practical proposals for creating a money 'ecosystem' with complementary currencies to support and stabilize the current money system.
£21.16
Third Millennium Publishing Arbuthnot Bank: From Merchant Bank to Private
Book SynopsisIn the early years of Arbuthnot & Latham, it prospered greatly as a merchant of produce from India. It soon branched out into finance and lending and by the end of its first 100 years, Arbuthnot belonged to that distinctive breed of 'merchant banks', the City's elite, enjoying the special patronage of the Bank of England. But war and the huge upheavals that shook up the City in the 20th century forced drastic change upon Arbuthnot. As a small family-owned bank it was not suited to the evolving world of international capital. In 1981, the family decided the time had come to sell out. Arbuthnot was soon fortunate to find a buyer who prized its long history and banking excellence and under Henry Angest, a Swiss banker, Arbuthnot recovered and thrived. This corporate history highlights the enduring attributes of Arbuthnot Bank that have enabled it to survive through the years of credit crunch and flourish as a merchant bank whose name continues to provide a secure and high-quality service for its clients.
£32.00
Spiramus Press Lessons Not Learned: 10 Steps to Stable Financial
Book SynopsisMuch has been written and spoken about the lessons learned from the financial crisis of 2009. This book deals with the lessons not learned before the financial crisis.Dr Trimbath demonstrates that an existing framework for regulating financial systems, available since at least 2001, could have prevented the systemic failure in the US that led to the collapse of global credit markets in 2008. Step by step the book guides you through what could have been done to prevent the crisis and what investors can do to protect themselves from the next one, and concludes with a key idea for making financial services businesses stand out from the crowd ensuring future success.The list of 10 Steps is quite straight-forward and simple. Have private, independent rating agencies. Provide some government safety net but not so much that banks are not held accountable (""Too Big to Fail"") Allow very little government ownership and control of national financial assets. Allow banks to reduce the volatility of returns by offering a wide-range of services. Require financial market players to register and be authorized. Provide information, including setting standards, to enhance market transparency. Routinely examine financial institutions to ensure that the regulatory code is obeyed. Enforce the code and discipline transgressors. Develop policies that keep the regulatory code up to date. Encourage the creation of specialized financial institutions. For each step the reader will find: the legislative and regulatory background on the existing rules; a review of academic research on the theory behind each step; and the facts and data connecting each step to the financial crisis of 2008.Trade ReviewIn a time of mind-boggling complexity in financial regulation - too complex, according to Ben Bernanke, for the Federal Reserve System to understand its impact - Lessons Not Learned is a refreshing call to return to a simpler, more basic approach. Susanne Trimbath emphasizes that the failure to implement regulations, a key factor in the crisis of 2008, remains the system's Achilles heel. This book features a refreshing combination of research grounding and pragmatic experience. A must read for taxpayers and their representatives!" - Jerry Caprio Currently: Williams College, William Brough Professor of Economics and Chair, Center for Development Economics. Formerly (1988-2005): The World Bank, Director, Operations and Policy Department, Financial Sector Vice PresidencyTable of Contents Acknowledgements About the author Contents Abbreviations Tables of authorities Foreword Introduction 1. Updated Regulations 1.1. Lesson 1.2. Purpose 1.3. Theory 1.4. Practice 1.5. Connection 1.6. Conclusion 2. Registration and Authorisation 2.1. Lesson 2.2. Purpose 2.3. Theory 2.4. Practice 2.5. Connection 2.6. Conclusion 3. Surveillance and Examinations 3.1. Lesson 3.2. Purpose 3.3. Theory 3.4. Practice 3.5. Connection 3.6. Conclusion 4. Allowable Diversification 4.1. Lesson 4.2. Purpose 4.3. Theory 4.4. Practice 4.5. Connection 4.6. Conclusion 5. Independent Monitors 5.1. Lesson 5.2. Purpose 5.3. Theory 5.4. Practice 5.5. Connection 5.6. Conclusion 6. Information and Standards 6.1. Lesson 6.2. Purpose 6.3. Theory 6.4. Practice 6.5. Connection 6.6. Conclusion 7. Enforcement and Discipline 7.1. Lesson 7.2. Purpose 7.3. Theory 7.4. Practice 7.5. Connection 7.6. Conclusion 8. Safety with Accountability 8.1. Lesson 8.2. Purpose 8.3. Theory 8.4. Practice 8.5. Connection 8.6. Conclusion 9. Private Ownership 9.1. Lesson 9.2. Purpose 9.3. Theory 9.4. Practice 9.5. Connection 9.6. Conclusion 10. Specialization 10.1. Lesson 10.2. Purpose 10.3. Theory 10.4. Practice 10.5. Connection 10.6. Conclusion 11. Conclusion 11.1. Finance is Everywhere 11.2. No single cause, no single solution 11.3. Moving Beyond Finance and Economics 11.4. Where We Are Now 11.5. Where we could be 11.6. Epilogue to Individual Investors Appendices Appendix 1: Note on the Mathematics of Derivatives Appendix 2: SROs, Born of the Paperwork Crisis Appendix 3: Structured Finance Appendix 4: Who Regulates Banks Appendix 5: DFA Cross-Reference and Implementation Trackers Appendix 6: A Collection of Lessons References Index
£23.70
Spiramus Press Lessons Not Learned: 10 Steps to Stable Financial
Book SynopsisMuch has been written and spoken about the lessons learned from the financial crisis of 2009. This book deals with the lessons not learned before the financial crisis.Dr Trimbath demonstrates that an existing framework for regulating financial systems, available since at least 2001, could have prevented the systemic failure in the US that led to the collapse of global credit markets in 2008. Step by step the book guides you through what could have been done to prevent the crisis and what investors can do to protect themselves from the next one, and concludes with a key idea for making financial services businesses stand out from the crowd ensuring future success.The list of 10 Steps is quite straight-forward and simple. Have private, independent rating agencies. Provide some government safety net but not so much that banks are not held accountable (""Too Big to Fail"") Allow very little government ownership and control of national financial assets. Allow banks to reduce the volatility of returns by offering a wide-range of services. Require financial market players to register and be authorized. Provide information, including setting standards, to enhance market transparency. Routinely examine financial institutions to ensure that the regulatory code is obeyed. Enforce the code and discipline transgressors. Develop policies that keep the regulatory code up to date. Encourage the creation of specialized financial institutions. For each step the reader will find: the legislative and regulatory background on the existing rules; a review of academic research on the theory behind each step; and the facts and data connecting each step to the financial crisis of 2008.Trade ReviewIn a time of mind-boggling complexity in financial regulation - too complex, according to Ben Bernanke, for the Federal Reserve System to understand its impact - Lessons Not Learned is a refreshing call to return to a simpler, more basic approach. Susanne Trimbath emphasizes that the failure to implement regulations, a key factor in the crisis of 2008, remains the system's Achilles heel. This book features a refreshing combination of research grounding and pragmatic experience. A must read for taxpayers and their representatives!" —Jerry Caprio - Currently: Williams College, William Brough Professor of Economics and Chair, Center for Development Economics. Formerly (1988-2005): The World Bank, Director, Operations and Policy Department, Financial Sector Vice PresidencyTable of Contents Acknowledgements About the author Contents Abbreviations Tables of authorities Foreword Introduction 1. Updated Regulations 1.1. Lesson 1.2. Purpose 1.3. Theory 1.4. Practice 1.5. Connection 1.6. Conclusion 2. Registration and Authorisation 2.1. Lesson 2.2. Purpose 2.3. Theory 2.4. Practice 2.5. Connection 2.6. Conclusion 3. Surveillance and Examinations 3.1. Lesson 3.2. Purpose 3.3. Theory 3.4. Practice 3.5. Connection 3.6. Conclusion 4. Allowable Diversification 4.1. Lesson 4.2. Purpose 4.3. Theory 4.4. Practice 4.5. Connection 4.6. Conclusion 5. Independent Monitors 5.1. Lesson 5.2. Purpose 5.3. Theory 5.4. Practice 5.5. Connection 5.6. Conclusion 6. Information and Standards 6.1. Lesson 6.2. Purpose 6.3. Theory 6.4. Practice 6.5. Connection 6.6. Conclusion 7. Enforcement and Discipline 7.1. Lesson 7.2. Purpose 7.3. Theory 7.4. Practice 7.5. Connection 7.6. Conclusion 8. Safety with Accountability 8.1. Lesson 8.2. Purpose 8.3. Theory 8.4. Practice 8.5. Connection 8.6. Conclusion 9. Private Ownership 9.1. Lesson 9.2. Purpose 9.3. Theory 9.4. Practice 9.5. Connection 9.6. Conclusion 10. Specialization 10.1. Lesson 10.2. Purpose 10.3. Theory 10.4. Practice 10.5. Connection 10.6. Conclusion 11. Conclusion 11.1. Finance is Everywhere 11.2. No single cause, no single solution 11.3. Moving Beyond Finance and Economics 11.4. Where We Are Now 11.5. Where we could be 11.6. Epilogue to Individual Investors Appendices Appendix 1: Note on the Mathematics of Derivatives Appendix 2: SROs, Born of the Paperwork Crisis Appendix 3: Structured Finance Appendix 4: Who Regulates Banks Appendix 5: DFA Cross-Reference and Implementation Trackers Appendix 6: A Collection of Lessons References Index
£40.50
Omnia Veritas Ltd Usury, a Scriptural, Ethical and Economic View
£22.52
LID Publishing Naked Banking: The Truth About Banks and You
Book SynopsisWe all depend on banks. They help us save and they help us spend. Yet for many they represent everything that's wrong with the world of finance. Poor service, high fees, creaking IT infrastructure and a market controlled by just a few providers have combined in recent years to create a personal banking crisis every bit as severe as the global financial crisis. How have things got so bad? Why are banks unable to balance providing good customer service with making a profit? And what can we do to protect ourselves from the tricks banks play to part us with our hard-earned money? This ground-breaking book, written by three insiders, reveals why banks do the things they do. From designing products they know will rip customers off to cutting branches they know their customers rely on, they explain how many banks' failing business models force them to make the wrong choices again and again. They make a rallying call for us all to be better informed about how everyday banking products actually work and to be wary of the many tricks and techniques product managers devise to make money.
£8.99
LID Publishing Reimagining Financial Inclusion: Tackling the
Book SynopsisTo live in today's world, you need money; yet the majority of people do not have access to it. The formal financial system is taken for granted, but it also represents the barrier to financial inclusion. This book highlights 13 game changers who are thinking outside of the financial box. These organizations are acting on behalf of the excluded people that are unable to live their lives to the fullest. They are seeking to revolutionize the financial sector and aiming for financial inclusion for all. In analysing the innovative and inclusive solutions of these game changers, the book delivers vital lessons through a framework of five key levers for change in order to reimagine our financial system. Awareness and support for a more sustainable and inclusive world has never been higher and financial inclusion is a key element of this global issue facing modern society today.
£11.04
London Publishing Partnership The Currency Cold War: Cash and Cryptography,
Book SynopsisThe way that money works now is a blip. It’s a temporary institutional arrangement agreed in response to specific political, technological and economic circumstances. As these circumstances change, so money must change. Many people think that it will undergo a pretty significant change in the very near future and we need to start planning for the coming era of digital currency. The historian Niall Ferguson wrote in 2019 that “if America is smart, it will wake up and start competing for dominance in digital payments”. Competing for this new currency dominance could mean a new cold war in cyberspace with, for example, Facebook’s private currency facing off against China’s public currency facing off against a digital euro. Or would a digital dollar win this new space race? This is not just the concern of wide-eyed technologists obsessed with Bitcoin. In a 2019 speech the governor of the Bank of England said that a form of global digital currency could be “the answer to the destabilising dominance of the US dollar in today’s global monetary system”. But which digital currency? Will we really be choosing between the Federal Reserve and Microsoft (between dollar bills and Bill’s dollars)? Or between Facebook’s Libra and the Chinese Digital Currency/Electronic Payment system “DC/EP”? Between spendable SDRs and Kardashian Kash? It would be a mistake to see this as a technical debate about cryptocurrencies and blockchains, about hash rates and key lengths. It matters far beyond the virtual boundaries of the new age. The dollar’s dominance gives America the ability to exert soft power through the International Monetary and Financial System. A serious implication of replacing existing monetary arrangements with new infrastructure based on digital currency is that this power might be constrained. How might America respond to losing its hegemony? Now that the technologists, the business strategists, the economists and the national and international regulators are beginning to glance in the direction of these alternatives, the whole topic of digital currency needs to be explored. In this book, industry expert David Birch sets out the economic and technological imperatives, discusses the potential impact, and highlights a series of tensions—between public and private and, most importantly, between East and West—to contribute to the high-level debate that we must have to begin to shape the International Monetary and Financial System financial system of the near future.
£18.04
Omnia Veritas Ltd La guerre des monnaies V: Le prochain déluge
Book Synopsis
£21.85
Double Storey Banking on Change: Democratising Finance in South
Book SynopsisThis book tells the tale of ten years of experiment and innovation in a crucial economic arena: making financial markets work for the poor. As well as describing the current state of access to financial services, it also analyses key developments and innovations since 1994, and suggests policy directions for the next decade. The book is intended for policy makers, regulators, bankers, development professionals, donors, and everyone with an interest in finance in South Africa today.Table of ContentsForeword by Trevor Manuel; Preface; Abbreviations; Introduction; Transaction Banking; Savings; Micro Lending; Small, Medium and Micro Enterprise Finance; Housing Finance; Insurance; SA Financial Institutions and the Region; Conclusion; Glossary; References; Index.
£17.06
Scribe Publications A Wunch of Bankers: A year in the Hayne royal
Book Synopsis
£17.00
Center for Global Development Rescuing the World Bank: A CGD Working Group
Book SynopsisThe World Bank is assailed by critics on the left, right and center on the grounds it is not effective, not accountable, not democratic or legitimate, and most threatening of all, not relevant in a global economy where private capital, production, and ideas dominate. Yet the world needs a strong World Bank working with other international institutions to manage development and the related global challenges of the 21st century. Are the Bank's shortcomings exaggerated or potentially fatal? If potentially fatal, can this critical institution be rescued? Rescuing the World Bank explores the answers to these questions. The first part of the book, The Hardest Job in the World: Five Crucial Tasks for the New President of the World Bank, is a report by a Center for Global Development (CGD) Working Group delivered to Paul Wolfowitz on his first day in the office in June 2005. The second part comprises selected essays, many first presented at a CGD Symposium in the fall of 2005. The Working Group members and essay authors represent a rich array of experience and views. CGD president Nancy Birdsall was co-chair of the Working Group and selected and edited the essays. Her view that the Bank is a crucial global institution but potentially at risk is widely —but not universally —shared by the Working Group members and the essay authors. The provocative volume will be widely read and discussed by those who are actively grappling with how to strengthen the World Bank, by its many stakeholders, and by readers with a broad interest in development seeking a better understanding of this vital and complex institution as it struggles to adapt to the demands of the 21st century.
£16.10
Parkhurst Brothers Publishers Inc The World Bank Unveiled: Inside the Revolutionary
Book Synopsis
£22.91
Carpenter's Son Publishing Beyond Sticky: Get off the commodity hamster
Book SynopsisFor every banker who wants to get off the commodity hamster wheel, this first-of-its-kind book on bank marketing and branding shows the way. It’s filled with guidance on building a value-driven brand by working through all departments in the bank. Not just for marketers, the sticky bank brand of the future is also built by human resources, operations, sales, and all other departments within the bank working together. With sections on branding, business development, customer experience, culture, and innovation, Beyond Sticky includes exercises to help bank executives break free from the commodity mindset and create new value offerings for their bank and its customers. It’s a must read for bankers who want to stop chasing hot money and lowball pricing and start generating goodwill and loyalty like never before. Beyond Sticky shows the way to break out of an increasingly competitive and ever-changing marketplace.
£10.99
Business Expert Press Escape from the Central Bank Trap: How to Escape
Book SynopsisCentral banks do not print growth. The financial crisis was much more than the result of an excess of risk. The same policies that created each subsequent bust are the ones that have been implemented in recent years. This book is about realistic solutions for the threat of zero-interest rates and excessive liquidity.The United States needs to take the first step, defending sound money and a balanced budget, recovering the middle-class by focusing on increasing disposable income. The rest will follow. Our future should not be low growth and high debt. Cheap money becomes very expensive in the long run. There is an escape from the central bank trap.
£18.00
Advantage Media Group The Future Economy: A Crypto Insider's Guide to
Book Synopsis
£18.89
Advantage Media Group A New Capitalism: Creating a Just Economy That
Book Synopsis
£21.59
Classiques Garnier L'Independance Des Banques Centrales
Book Synopsis
£55.94
Springer Nature Switzerland AG Disrupting Finance: FinTech and Strategy in the
Book SynopsisThis open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry. Table of Contents1. Deciphering Crowdfunding1.1. The Crowdfunding Phenomenon: an Overview 1.1.1. The European Market 1.1.2. The US market 1.1.3. The Asia-Pacific Market 1.2. Crowdfunding State-of-the-Art 1.2.1. Investment Models 1.2.2. Non-investment Models 1.3. New Research Trends: The language of Crowdfunding 1.4. References 2. Addressing Information Asymmetries in Online Peer-to-Peer Lending 2.1. Introduction 2.2. Online Peer-to-Peer Lending Platforms 2.3. Information Asymmetries and Peer to Peer Lending Platforms 2.4. Conclusions and Future Directions for Research 2.5. References 3. Machine learning and AI for risk management 3.1. Introduction 3.2. Machine Learning and AI Techniques for Risk Management 3.3. Machine Learning and AI Applications for Risk Management 3.3.1. Application to Credit Risk 3.3.2. Application to Market Risk 3.3.3. Application to Operational Risk 3.3.4. Application to RegTech 3.4. The Challenges and Future of Machine Learning and AI for Risk Management 3.5. References 4. What Fintech Can Learn from High-Frequency Trading: Economic Consequences, Open Issues and Future of Corporate Disclosure 4.1. Introduction 4.2. High Frequency Trading: Definition and Data 4.2.1. Methodology 4.2.2. Descriptive Statistics 4.3. Results 4.3.1. Thematic Analysis 4.3.2. Impact of HFT 4.3.2.1. Effects on Market Quality 4.3.2.2. HFT’s Trading Strategies and Speed 4.3.2.3. Market Structure, Co-location and Regulation after the Flash Crash 4.3.3. HFT Reaction to Corporate Disclosure 4.4. Conclusion and Future Research Directions 4.5. References 5. InsurTech 5.1. Introduction 5.2. How Does Insurance Work? 5.3. The Big Data Paradigm 5.3.1. Telematics 5.3.2. Wearables 5.3.3. Smart Homes and the Internet of Things (IoT) 5.3.4. Big Data: Trustworthiness and Privacy Concerns 5.4. Artificial Intelligence 5.4.1. Machine Learning and AI in the Underwriting Process 5.4.2. AI in Claims Management Process 5.4.3. AI in Customer Interaction 5.5. Distributed Ledger Technologies 5.5.1. Improving Current Processes Using DLTs 5.5.2. P2P Insurance 5.6. Conclusion 5.7. References 6. Understanding RegTech for Digital Regulatory Compliance 6.1. Introduction 6.2. Business Drivers of RegTech 6.3. RegTech in Focus: Digital Regulatory Reporting 6.3.1. Phase 1 Digital Regulatory Alerts 6.3.2. Phase 2 Making Regulations Digital 6.3.3. Phase 3 Performing Digital Regulatory Reporting 6.3.4. Phase 4 Creating Meta-Data Models for Semantic Interoperability 6.4. Discussion and Implications 6.5. Conclusion 7. Payment Service Directive II and its Implications 7.1. Introduction 7.2. Background 7.3. EU Initiated Review of the Effectiveness of PSD I 7.3.1. Main Findings of Impact Study 7.4. Payment Services Directive II 7.4.1. Scope of the Directive and the Removal of Exclusions 7.4.2. Authorisation of Payment Institutions 7.4.3. Innovation 7.4.4. Confirmation of Availability of Funds 7.4.5. Enhancing Competition 7.4.6. Customer Protection 7.4.7. Security 7.4.8. Complaints Handling 7.5. European Banking Authority (EBA) Work on PSD II 7.6. Strong Customer Authentication (SCA) 7.6.1. Exemptions for SCA 7.7. Commentary 7.8. References 8. From Transactions to Interactions: Social Considerations for Digital Money 8.1. Introduction 8.2. Affordances of Digital Money 8.3. Opportunities for Interaction 8.3.1. Negotiating Payment 8.3.2. Effects of Intermediation 8.3.3. Collaborative Value Creation 8.4. Social Impacts of Digital Transactions 8.4.1. Sensitive Data Generation and Sharing 8.4.2. Choice Proliferation 8.4.3. Untangling Money and Payment System 8.5. Conclusion 8.6. References 9. Token-based Business Models 9.1. Introduction 9.2. Native Digital Assets 9.3. Crypto Tokens 9.4. Token-based Business Models 9.5. Driving Forces behind the Token-based Business Models 9.6. Crypto Tokens to enhance the Sharing Economy 9.7. References 10. Blockchain beyond Cryptocurrencies 10.1. Introduction 10.2. What is Blockchain? 10.3. Payments and Remittance 10.4. Credit and Lending 10.5. Trading and Settlements 10.6. Compliance 10.7. Conclusion and Avenues for Future Research 10.8. References
£19.00
Springer Nature Switzerland AG Fintech, Small Business & the American Dream: How
Book SynopsisSmall businesses are the backbone of the U.S. economy. They are the biggest job creators and offer a path to the American Dream. But for many, it is difficult to get the capital they need to operate and succeed. In the Great Recession, access to capital for small businesses froze, and in the aftermath, many community banks shuttered their doors and other lenders that had weathered the storm turned to more profitable avenues. For years after the financial crisis, the outlook for many small businesses was bleak. But then a new dawn of financial technology, or “fintech,” emerged. Beginning in 2010, new fintech entrepreneurs recognized the gaps in the small business lending market and revolutionized the customer experience for small business owners. Instead of Xeroxing a pile of paperwork and waiting weeks for an answer, small businesses filled out applications online and heard back within hours, sometimes even minutes. Banks scrambled to catch up. Technology companies like Amazon, PayPal, and Square entered the market, and new possibilities for even more transformative products and services began to appear.In Fintech, Small Business & the American Dream, former U.S. Small Business Administrator and Senior Fellow at Harvard Business School, Karen G. Mills, focuses on the needs of small businesses for capital and how technology will transform the small business lending market. This is a market that has been plagued by frictions: it is hard for a lender to figure out which small businesses are creditworthy, and borrowers often don’t know how much money or what kind of loan they need. New streams of data have the power to illuminate the opaque nature of a small business’s finances, making it easier for them to weather bumpy cash flows and providing more transparency to potential lenders.Mills charts how fintech has changed and will continue to change small business lending, and how financial innovation and wise regulation can restore a path to the American Dream. An ambitious book grappling with the broad significance of small business to the economy, the historical role of credit markets, the dynamics of innovation cycles, and the policy implications for regulation, Fintech, Small Business & the American Dream is relevant to bankers, fintech investors, and regulators; in fact, to anyone who is interested in the future of small business in America. Trade Review“Karen Mill’s outstanding new book: FinTech, Small Business & the American Dream, a smart, savvy, and useful landscape of lending, fintech, and small business. Mills knows how the engine of small business powers the U.S. and her recommendations about how to sustain it through technology are thoughtful and direct. Her observations about how small banks can anchor communities are especially astute and important.” (Lawrence Gennari, Boston Business Journal, August 30, 2019)Table of Contents
£26.59
Springer Nature Switzerland AG From Good to Bad Bankers: Lessons Learned from a 50-Year Career in Banking
Book SynopsisBankers are administrators of other people’s money, and they are responsible both to their depositors and to other stakeholders. Human nature being what it is, however, they sometimes fall prey to overweening ambition, coming to see themselves as the rightful beneficiaries of the moneys entrusted to them. This can lead them to make poor lending decisions and engage in risky practices, eventually moving on to cosmetic accounting and the concealment of problems, speculation and even outright fraud.Supervisors are there to prevent such behaviour, of course. They are responsible to government and the general public alike for the stability of the financial system, the proper allocation of financial resources by the banks and the protection of depositors and creditors. Their responsibility is, then, subsidiary to that of the bankers themselves.Where supervision is lax and ineffective, however, it encourages bad management by bankers, creating a vicious circle that eventually leads to financial crises, which has most often to be cured using tax-payers’ money. Of course, it also hurts the broader economy. That is why the inseparable trio of regulation, supervision and resolution must exist.In this collection of his writings over a period of some 50 years, Aristóbulo de Juan describes the causes, characteristics and consequences of financial crises based on his own experience as a central banker, world bank expert and consultant spanning a career of more than 55 years.In a nutshell, the papers brought together in this book recount circumstances that have always plagued banking, and that are only too likely to recur in the future.Table of ContentsFOREWORD by Fernando González UrbanejaPROLOGUE by the AuthorCHAPTER 1 FROM GOOD BANKERS TO BAD BANKERSCHAPTER 2 THE SPANISH BANKING CRISIS OF THE 1970s AND 1980sCHAPTER 3 THE MICROECONOMIC ROOTS OF THE BANKING CRISISCHAPTER 4 BANK REFORM IN EASTERN EUROPECHAPTER 5 ‘FALSE FRIENDS’ AND BANKING REFORMCHAPTER 6 THE DYNAMICS OF UNDISCLOSED INSOLVENCYCHAPTER 7 OBSTACLES IN THE WAY OF CRISIS RESOLUTION EXCERPTS FROM THE PAPER DESPEJAR EL TERRENO (CLEARING THE DECKS)CHAPTER 8 THE FINANCIAL SYSTEMS AND THE ETHICS OF RESTRUCTURINGCHAPTER 9 LIQUIDITY AND EUPHORIACHAPTER 10 THE RECOMMENDED OPTIONCHAPTER 11 THE PROBLEMS OF THE EUROPEAN BANKING UNIONCHAPTER 12 STABILITY AND ITS RISKSCHAPTER 13 PRACTICAL LESSONS FOR DEALING WITH PROBLEM BANKSCHAPTER 14 NON PERFORMING LOANS - NPLs
£26.59
Springer Nature Switzerland AG The Practice of Lending: A Guide to Credit Analysis and Credit Risk
Book SynopsisThis book provides a comprehensive treatment of credit risk assessment and credit risk rating that meets the Advanced Internal Risk-Based (AIRB) approach of Basel II. Credit risk analysis looks at many risks and this book covers all the critical areas that credit professionals need to know, including country analysis, industry analysis, financial analysis, business analysis, and management analysis. Organized under two methodological approaches to credit analysis—a criteria-based approach, which is a hybrid of expert judgement and purely mathematical methodologies, and a mathematical approach using regression analysis to model default probability—the book covers a cross-section of industries including passenger airline, commercial real estate, and commercial banking. In three parts, the sections focus on hybrid models, statistical models, and credit management. While the book provides theory and principles, its emphasis is on practical applications, and will appeal to credit practitioners in the banking and investment community alongside college and university students who are preparing for a career in lending.Table of Contents
£37.99
Springer Nature Switzerland AG Asset Management at Central Banks and Monetary
Book SynopsisIn response to the Global Financial Crisis and the COVID-19 pandemic, central banks have used all available instruments in their monetary policy tool-kit to avoid financial market disruptions and a collapse in real economic activities. These actions have expanded the size of their balance sheets and altered the composition of the asset-side. This edited book highlights how these assets are managed, providing an intellectual and practical contribution to an under-researched field of central bank responsibilities. It first reviews the sources and uses of domestic and international assets and how they complement—or possibly conflict with—the implementation of monetary policy goals. Next, the book examines the asset management mandate in a balance sheet context before turning to the investment decision-making process from strategic and tactical asset allocation to investment strategies, risk management, governance, reporting and control. Finally, it presents new developments in the field of managing assets at central banks. The individual chapters are written by central bankers, academics, and representatives from International Financial Institutions, each representing a particular aspect of the asset management practice.Practical and powerful insights from a hall of fame of investors, central bankers and scholars, are packed into this one volume. If you could have only one book on central bank asset management, this would be it. —Peter R. Fisher, Clinical Professor, Tuck School of Business at DartmouthJacob Bjorheim draws on his long experience in sovereign asset management to pull together a rich collection of insights from a broad range of expertise. Asset management at central banks has evolved and expanded considerably over the past decade. This book is a timely source of information and guidance. —Guy Debelle, Deputy Governor, Reserve Bank of AustraliaCentral bank balance sheets have grown at a tremendous pace over the last decade and a half. Drawing on contributions from scholars and experienced central bankers from around the world, this timely and insightful book sheds light on how central banks are, and should be, managing their growing balance sheets. —Kjell G. Nyborg, Chaired Professor of Finance, University of Zurich, Author of Collateral Frameworks: The Open Secret of Central BanksCentral banks and monetary authorities are charged with, and being held accountable for, managing portfolios of foreign currency assets of unprecedented size. The essays in this admirable book, written by some of the worlds most highly experienced officials, cover the full range of why and how this is currently being done and how new developments are affecting old practices. Interesting conceptually and immensely useful practically. —William White, Senior Fellow at the C.D. Howe Institute, former Head of the Monetary and Economic Department with the Bank for International Settlements (BIS) and chairman of the Economic and Development Review Committee at the OECDAn excellent and timely review of modern international reserve management, which ought to be read by everyone working with, or simply interested in, international asset management and finance as well as monetary and economic policy. The spectrum of authors is broad and their combined insight is very valuable. —Tom A. Fearnley, Investment Director, Norwegian Ministry of FinanceWith “Asset Management at Central Banks and Monetary Authorities”, Jacob Bjorheim has achieved an editorial tour de force. The book assembles the insightful views of the leading experts in the field, both from an academic and practitioners’ perspective. It bridges the gap between the macroeconomics of central banks and the financial management of their reserves. A must read to understand how central banks are special in the group of institutional investors. —Eric Bouyé, Head of Asset Allocation and Quantitative Strategies, Treasury Department, The World BankThe balance sheet is a large and important toolbox for any central bank and specifically the foreign exchange reserves constitute one the more powerful of these tools. This book provides excellent insight in the various perspectives of managing reserves at a central bank. —Heidi Elmér, Director of Markets Department, Severiges RiksbankThe world of international reserves has changed since the global financial crisis. In this volume, Jacob Bjorheim has assembled a stellar cast of experts to explain how and what that means for reserves management. With chapter authors like Andrew Ang, Jennifer Johnson-Calari, Robert McCauley, Ravi Menon, Simon Potter and Philip Turner, it is a book that every reserve manager must read. —Eli Remolona, Professor of Finance and Director of Central Banking, Asia School of Business in collaboration with MIT SloanJacob Bjorheim has succeeded in bringing together a first-class team of experts, and organising their contributions in an articulated journey from the central banks’ policy mandate to their asset management practices. An indispensable post-crisis update of the subject and a a required reading for anyone professionally involved with central bank’s asset management, or simply curious about a topic benefitting otherwise from limited research. —Louis de Montpellier, Former Global Head, Official Institutions Group, SSGA, and former Deputy Head, Banking Department, Bank for International Settlements (BIS), BaselAt last, a book that shares with a wider audience, deep insight in a unique, challenging and ethical approach of asset management developed and implemented in the secretive world of central banks. If you wonder how to manage funds that stand ready for use at short notice in times of stress then this book is for you. Two features make it such a valuable read and a must-have reference: First, the very comprehensive list of themes covered from a rich diversity of angles. Second, the very impressive list of prominent institutions and authors that have contributed and shared their analysis and practical approaches of the issues presented. What is better than to get the information directly from first-hand practitioners, experts and managers themselves in their own words? —Jean-Pierre Matt, Former Head of Financial Analysis at the Bank for International Settlements (BIS) and founder of QuanteisThis book holds the promise to become the go-to guide for anyone wishing to learn more about the management of official foreign exchange reserves. Central bankers in particular, but also those providing services to central banks, will find benefit from the broad scope in subject matter and varied perspectives being presented. I am yet to see a compendium on official reserve management with similar reach in subject matter. —Leon Myburgh, Former Head Financial Markets Department, South African Reserve Bank (SARB), PretoriaThis is an immensely timely book at a time when central bank operations, and their balance sheets, remain “larger for longer”. Following the Financial Crisis 10 years ago, and with the Covid-19 Recession about to break, central bank balance sheets are at the forefront of the authorities’ response to economic issues as never before. Yet the management of their now large-scale assets remains a little known and little studied area. The authors of this book combine extensive technical and practical experience, and their observations will fill an important gap in the literature at a critical time. —Freyr Hermannsson, Former Head of Treasury, Central Bank of Iceland, ReykjavíkTrade Review“This excellent book fills a critical gap that has existed since the IMF guidelines were revised. It offers important insights and learning for those interested in the practicalities of asset management, how that is evolving and may continue to change, and the interface between the operation of monetary policy and the financial management of official asset portfolios.” (Graeme Wheeler, Central Banking, centralbanking.com, February 18, 2021)Table of ContentsChapter 1. Asset Management at Central Banks and Monetary Authorities.- Chapter 2. Central Banks: Gatekeepers of Monetary Stability and Guardians of Public Interest.- Chapter 3. Larger Central Bank Balance Sheets: A New Normal for Monetary Policy?- Chapter 4. How Countries Manage Large Central Bank Balance Sheets.- Chapter 5. Reserve Accumulation, Sovereign Debt and Exchange Rate Policy.- Chapter 6. The cost of holding foreign exchange reserves.- Chapter 7. Saudi Arabian Monetary Authority: Why do central banks hold domestic and foreign currency assets?- Chapter 8. Safe assets: Made, not just born.- Chapter 9. Expansion and contraction of central bank balance sheets: Implications for commercial banks.- Chapter 10. Management of Canada’s Foreign Exchange Reserves.- Chapter 11. How the Monetary Authority of Singapore (MAS) manages its assets.- Chapter 12. The South African Reserve Bank’s Strategic Asset Allocation Value Chain.- Chapter 13. European Central Bank: The investment decision-making process and its governance.- Chapter 14. Reserves management at Danmarks National Bank: Combining liquidity tiers with an adaptive risk budget.- Chapter 15. The Swiss National Bank’s investment decision-making process from a safe-haven currency perspective.- Chapter 16. The Strategic Asset Allocation Framework of Banco de México.- Chapter 17. Macro risk management in a commodity-dependent economy: The case of the Central Bank of Chile.- Chapter 18. Dynamic Strategic Asset Allocation at the National Bank of Belgium: Why and how to implement it in a central bank.- Chapter 19. Central Bank of Lithuania: Asset allocation in a risk parity framework.- Chapter 20. Good Governance: Principles, Pitfalls and Best Practice.- Chapter 21. Central Bank of Brazil: Investment decision-making in an integrated risk management framework.- Chapter 22. Governance, Risk Management, Reporting, and Control at the Central Bank of Columbia.- Chapter 23. Foreign exchange reserves at the National Bank of Poland: Adequacy, risk-budgets, tranching and financial implications.- Chapter 24. Central Banks as Bankers to Each Other: Overview, Trends, and Future Directions in Global Official Sector Service Provision.- Chapter 25. Modern central bank reserves management: Introduction and overview.- Chapter 26. Bank of Israel: Integrating equities into the foreign exchange reserves.- Chapter 27. Renminbi securities in portfolios of official institutions: A perspective from the Hong Kong Monetary Authority.- Chapter 28. Responsible Investment and central bank asset management.- Chapter 29. BlackRock: Reserves Management with Factors and Reference Portfolios.
£151.99
Springer Nature Switzerland AG Corporate and Investment Banking: Preparing for a
Book Synopsis This book provides unique information to prepare graduates and newly hired corporate and investment banking professionals for a career in the global markets environment of large universal and international investment banks. It shows the interrelationship between the three specific business functions of sales, trading, and research, as well as the interaction with corporate and institutional clients. The book fills a gap in the available literature by linking financial market theory to the practical aspects of day-to-day operations on a trading floor and offers a taxonomy of the current banking business, providing an in-depth analysis of the main market participants in the global markets ecosystem. Engaging the reader with case studies, anecdotes, and industry color, the book addresses the risks and opportunities of the global markets business in today’s global financial markets both from a theoretical and from a practitioner’s perspective and focuses on the most important fixed-income financial instruments from a pricing, risk-management, and client-marketing perspective.Table of Contents1. Introduction.- 2. A Taxonomy of the Banking Business.- 3. Fundamentals of the Banking Business.- 4. Sales.- 5. Trading.- 6. Research.- 7. Derivatives.- 8. Exercises.
£49.49
Springer Nature Switzerland AG Financial Risk Management for Cryptocurrencies
Book SynopsisThis book explores the emerging field of risk management and risk analysis of cryptocurrencies, an area that has been generating considerable research. It begins by providing an introduction to digital finance and the concept of cryptocurrencies and blockchain technologies. It then describes in detail the intrinsic risks involved in cryptocurrencies, an area that, to date, has not been fully documented or investigated. Lastly, it discusses the various types of risk, with a focus on design, operational, market and quantitative risks.Providing insights into the analysis and management of cryptocurrencies, and serving as a starting point for a more in-depth risk analysis, this book will appeal to professionals and researchers interested in familiarizing themselves with the risks in cryptocurrencies, including academics, portfolio managers, risk-managers, quants, financial professionals, regulators, economists, asset managers and traders.Table of Contents- Part I Introduction to Cryptocurrencies. - Blockchain. - Types of Cryptocurrencies. - Part II Risk in Dealing with Cryptocurrencies. - Qualitative Risks. - Quantitative Risks. - Futures and Options on Cryptocurrencies. - Portfolio Management. - Further Related Work. - Part III Summary and Conclusion. - Conclusion.
£52.24
Springer Nature Switzerland AG Disintermediation Economics: The Impact of
Book Synopsis This book provides a coherent Blockchain framework for the business community, governments, and universities structured around microeconomics, macroeconomics, finance, and political economy and identifies how business organizations, financial markets and governmental policies are changed by digitalization, specifically Blockchain. This framework, what they authors call “disintermediation economics,” affects everything by providing a paradigm that transforms the way we organize markets and value chains, financial services, central banking, budgetary policies, innovation ecosystems, government services, and civil society. Bringing together leading and experienced policy makers, corporate practitioners, and academics from top universities, this book offers a road map of best practices that can be immediately useful to firms, policy makers as well as academics by balancing theory with practice. Table of ContentsCh. 1: What is Disintermediation Economics: An introduction (Psarrakis).- Part A: Disintermediation in Microeconomics.- Ch. 2: Distributed Ledger Economics: Organizations, Incentives and Strategy (Psarrakis).- Ch. 3: Economics of Smart Contracts: Efficiency and legal challenges (Dobrauz-Saldapenna and Schrackmann).- Ch. 4: Corporate Strategies for Blockchain-based Solutions (Verheggen).- Ch. 5: Distributed Data Economics (Shrier).-Part B: Disintermediation in Macroeconomics and Finance.- Ch. 6: Blockchain for Growth: Applying distributed ledger technologies to the UN Sustainable goals (Thomason).- Ch. 7: The New Money: The utility of Cryptocurrencies and the need for a New Monetary Policy (Lee and Teo).- Ch. 8: Privately Issued Digital Currencies (Disparte).- Ch. 9: Crypto-assets, Distributed Ledger Technologies and Disintermediation in Finance: Overcoming impediments to scaling: A view from the EU (Noble).- Ch. 10: Crypto-assets and Disintermediation in Finance: A view from Asia (Johnstone).- Part C: Disintermediation in Political Economy and Regulation.- Ch. 11: The Political Economy of the Blockchain (Zilgalvis).- Ch. 12: Regulating Blockchain in the EU: Building a global competitive advantage (Kaili).- Ch. 13: Advancing Digital Transformation in the Public Sector with Blockchain: A view from the European Union (Baldacci and Frade).- Ch. 14: Disposable Identities? Why digital identity matters to blockchain disintermediation and for society (Anania, Le Gars, and van Kranenburg).
£28.49
Springer Nature Switzerland AG Disintermediation Economics: The Impact of
Book Synopsis This book provides a coherent Blockchain framework for the business community, governments, and universities structured around microeconomics, macroeconomics, finance, and political economy and identifies how business organizations, financial markets and governmental policies are changed by digitalization, specifically Blockchain. This framework, what they authors call “disintermediation economics,” affects everything by providing a paradigm that transforms the way we organize markets and value chains, financial services, central banking, budgetary policies, innovation ecosystems, government services, and civil society. Bringing together leading and experienced policy makers, corporate practitioners, and academics from top universities, this book offers a road map of best practices that can be immediately useful to firms, policy makers as well as academics by balancing theory with practice. Table of ContentsCh. 1: What is Disintermediation Economics: An introduction (Psarrakis).- Part A: Disintermediation in Microeconomics.- Ch. 2: Distributed Ledger Economics: Organizations, Incentives and Strategy (Psarrakis).- Ch. 3: Economics of Smart Contracts: Efficiency and legal challenges (Dobrauz-Saldapenna and Schrackmann).- Ch. 4: Corporate Strategies for Blockchain-based Solutions (Verheggen).- Ch. 5: Distributed Data Economics (Shrier).-Part B: Disintermediation in Macroeconomics and Finance.- Ch. 6: Blockchain for Growth: Applying distributed ledger technologies to the UN Sustainable goals (Thomason).- Ch. 7: The New Money: The utility of Cryptocurrencies and the need for a New Monetary Policy (Lee and Teo).- Ch. 8: Privately Issued Digital Currencies (Disparte).- Ch. 9: Crypto-assets, Distributed Ledger Technologies and Disintermediation in Finance: Overcoming impediments to scaling: A view from the EU (Noble).- Ch. 10: Crypto-assets and Disintermediation in Finance: A view from Asia (Johnstone).- Part C: Disintermediation in Political Economy and Regulation.- Ch. 11: The Political Economy of the Blockchain (Zilgalvis).- Ch. 12: Regulating Blockchain in the EU: Building a global competitive advantage (Kaili).- Ch. 13: Advancing Digital Transformation in the Public Sector with Blockchain: A view from the European Union (Baldacci and Frade).- Ch. 14: Disposable Identities? Why digital identity matters to blockchain disintermediation and for society (Anania, Le Gars, and van Kranenburg).
£25.19
Springer Nature Switzerland AG Introduction to Central Banking
Book SynopsisThis open access book gives a concise introduction to the practical implementation of monetary policy by modern central banks. It describes the conventional instruments used in advanced economies and the unconventional instruments that have been widely adopted since the financial crisis of 2007–2008. Illuminating the role of central banks in ensuring financial stability and as last resort lenders, it also offers an overview of the international monetary framework. A flow-of-funds framework is used throughout to capture this essential dimension in a consistent and unifying manner, providing a unique and accessible resource on central banking and monetary policy, and its integration with financial stability. Addressed to professionals as well as bachelors and masters students of economics, this book is suitable for a course on economic policy. Useful prerequisites include at least a general idea of the economic institutions of an economy, and knowledge of macroeconomics and monetary economics, but readers need not be familiar with any specific macroeconomic models.
£24.99
Springer Nature Switzerland AG The Digital Journey of Banking and Insurance,
Book SynopsisThis book, the second one of three volumes, gives practical examples by a number of use cases showing how to take first steps in the digital journey of banks and insurance companies. The angle shifts over the volumes from a business-driven approach in “Disruption and DNA” to a strong technical focus in “Data Storage, Processing and Analysis”, leaving “Digitalization and Machine Learning Applications” with the business and technical aspects in-between. This second volume mainly emphasizes use cases as well as the methods and technologies applied to drive digital transformation (such as processes, leveraging computational power and machine learning models).Table of ContentsPart I. Use Cases. - Chapter 1. Use Case – Optimization of Regression Tests – Reduction of the Test Portfolio Through Representative Identification. - Chapter 2. Use Case – Nostro Accounts Match. - Chapter 3. Use Case – Fraud Detection Using Machine Learning Techniques. - Chapter 4. Use case – NFR – HR Risk. - Chapter 5. Sentiment Analysis for Reputational Risk Management. - Chapter 6. Use Case – NFR – Using GraphDB for Impact Graphs. - Part I. High-Performance Applications. - Chapter 7. Distributed Calculation Credit Portfolio Models. - Chapter 8. BSDS – Balance Sheet Dynamics Simulator. - Chapter 9. Dynamic Dashboards. - Chapter 10. High-Performance Applications. - Part III. Quantum Computing. - Chapter 11. Post-Quantum Secure Cryptographic Algorithms. - Chapter 12. Quantum Technologies. - Chapter 13. Categorical Quantum Theory. - Part IV. Process & Process Optimization. - Chapter 14. Processes in a Digital Environment. - Chapter 15. Process Mining. - Chapter 16. Hyperautomation (Automated Decision-Making as Part of RPA). - Chapter 17. RPA Use Case – “IFRS 9/SPPI”. - Part V. Open Source. - Chapter 18. Open-Source Software. - Part VI. Summary.
£62.99
Springer Nature Switzerland AG Settling Climate Accounts: Navigating the Road to
Book SynopsisAs drivers of climate action enter the fourth decade of what has become a multi-stage race, Net Zero has emerged as the dominant organizing principle. Hundreds of corporations and investors worldwide, together responsible for assets in the tens of trillions of dollars, are lining-up for the UN Race to Zero. This latest stage in the race to save civilization from heat, drought, fires, and floods, is defined by steering toward zeroing out greenhouse gas emissions by 2050. Settling Climate Accounts probes the practice of Net Zero finance. It elucidates both the state of play and a set of directions that help form judgements about whether Net Zero is going to carry climate action far enough. The book delves into technical analyses and activates the reader’s imagination with narrative accounts of climate action past, present, and future. Settling Climate Accounts is edited and authored by Stanford University faculty and researchers. The first part of the book investigates the rough edges of Net Zero in practice, exploring questions of hedging risk, Scope 3 emissions, greenwashing, and the business of asset management. The second half looks at states, markets, and transitions through the lenses of blended finance, offsets, debt, and securitization. The editors tease out possible solutions and raise further questions about the adequacy and reach of the Net Zero agenda. To effectively navigate the road ahead, the editors call out the need for accountability and ask: who is in charge of making Net Zero add up? Settling Climate Accounts offers context and foundation to ground the rapidly evolving practice of Net Zero finance. Targeted at seasoned practitioners, newly activated leaders, educators, and students of climate action the world over, this book embraces the complexity of climate action and, in so doing, proposes to animate and drive hope.Table of ContentsIntroduction.- Part I: The Dynamics of Net Zero Finance.- 1.A Portfolio Approach to Hedging Climate Risk.- 2.Carbonwashing: ESG Data Greenwashing in a Post-Paris World.- 3.The Road from Scope Three to Net Zero.- 4.Fixing the Plumbing: Asset Management, Clean Energy Technology, and The Valley of Death.- Part II: Beyond Net Zero: States, Markets, and Transition.- 5.Blended Finance for State-led Decarbonization.- 6.A Natural Approach to Net-Zero.- 7.A Note on Transition Bonds and Finance.- 8.Securitization as a Model for an Equitable Transition.- Conclusion.
£52.24
Springer Nature Switzerland AG Settling Climate Accounts: Navigating the Road to
Book SynopsisAs drivers of climate action enter the fourth decade of what has become a multi-stage race, Net Zero has emerged as the dominant organizing principle. Hundreds of corporations and investors worldwide, together responsible for assets in the tens of trillions of dollars, are lining-up for the UN Race to Zero. This latest stage in the race to save civilization from heat, drought, fires, and floods, is defined by steering toward zeroing out greenhouse gas emissions by 2050. Settling Climate Accounts probes the practice of Net Zero finance. It elucidates both the state of play and a set of directions that help form judgements about whether Net Zero is going to carry climate action far enough. The book delves into technical analyses and activates the reader’s imagination with narrative accounts of climate action past, present, and future. Settling Climate Accounts is edited and authored by Stanford University faculty and researchers. The first part of the book investigates the rough edges of Net Zero in practice, exploring questions of hedging risk, Scope 3 emissions, greenwashing, and the business of asset management. The second half looks at states, markets, and transitions through the lenses of blended finance, offsets, debt, and securitization. The editors tease out possible solutions and raise further questions about the adequacy and reach of the Net Zero agenda. To effectively navigate the road ahead, the editors call out the need for accountability and ask: who is in charge of making Net Zero add up? Settling Climate Accounts offers context and foundation to ground the rapidly evolving practice of Net Zero finance. Targeted at seasoned practitioners, newly activated leaders, educators, and students of climate action the world over, this book embraces the complexity of climate action and, in so doing, proposes to animate and drive hope.Table of ContentsIntroduction.- Part I: The Dynamics of Net Zero Finance.- 1.A Portfolio Approach to Hedging Climate Risk.- 2.Carbonwashing: ESG Data Greenwashing in a Post-Paris World.- 3.The Road from Scope Three to Net Zero.- 4.Fixing the Plumbing: Asset Management, Clean Energy Technology, and The Valley of Death.- Part II: Beyond Net Zero: States, Markets, and Transition.- 5.Blended Finance for State-led Decarbonization.- 6.A Natural Approach to Net-Zero.- 7.A Note on Transition Bonds and Finance.- 8.Securitization as a Model for an Equitable Transition.- Conclusion.
£41.24
Springer Nature Switzerland AG Beyond Fintech: Bionic Banking
Book SynopsisEnterprise management theories about the so-called bionic organization currently face a significant funding gap. Bionic theories have been mainly applied to enterprise lifecycle because of the presence of similarities between economic organizations and organisms. The digital transformation has offered advancements in the bionics research field which enable us to discuss bionic organizations for the first time as business realities in which humans and machines, especially robotic process automation systems and artificial intelligence tools, cooperate in executing operations.This book determines how a bionic organization can be defined and what are its fundamental elements in the case of banking. Specifically, it investigates the two pillars of bionic enterprise which are technology and humans, as well as the core objectives and outcomes. In order to provide an exhaustive overview, the book proposes a new conceptualization of the business model of a bionic organization on the basis of the Business Model Canvas framework. Ultimately, the study of bionic organizations is aimed to discover also how they evolved in the post pandemic phase as a result of the disruptive events generated by the spread of the pandemic. The research on the book has been conducted through a qualitative and descriptive methodology with the intent to build further knowledge about the topic starting from the information available in literature. To provide actual evidence of the reality of bionic financial services, the book includes case studies. The organizations observed in the study have been selected since they present some of the key traits identified by the bionic enterprise theory. The book demonstrates that bionic enterprise theory can be further enriched with the conceptualization of a bionic business model in which the paradigm of collaboration between humans and machines is a recurring element.Table of ContentsChapter 1: Bionic Banking Introduction.- Chapter 2: Bionic Banking.- Chapter 3: Bionic Banking Transformation.- Chapter 4: Bionic Banking Business Model.- Chapter 5: Bionic Banking Life Style.- Chapter 6: Bionic Banking Project.- Chapter 7: Bionic Banking Conclusions.
£104.49
Springer Nature Switzerland AG Corporate Governance in the Banking Sector:
Book SynopsisThis book gives an overview of the most important theories on Corporate Governance, investigating the myth and the reality of it. It argues that within the banking sector exist two new agency costs (i.e., bank depositors and shareholders vs. directors and bank depositors vs. shareholders and directors). These agency problems are difficult to reduce for two reasons. First, banks are complex and opaque. Second, government implicit guarantees and the deposit insurance systems reduce the monitoring of depositors. This book also takes a deep dive into research on CG in the banking sector via a unique and innovative literature review covering the time period between 2000-2020. It finds that some specific CG characteristics affect banks: risk appetite, performance, accounting quality, compensation and corporate social responsibility disclosure. Furthermore, this publication contends that institutional investors are changing CG for the better, describing how major financial markets factors such as rating agencies and sell-side financial analysts make CG visible. Additionally, it investigates how managerial biases and irrational investors can affect CG negatively, leading to company distress. All-in-all, this book makes a threefold contribution: for regulators, it offers suggestions on how to improve banks’ supervision; for researchers, it suggests new research topics; and for practitioners, it connects CG theory with real cases of CG failure.Table of ContentsChapter 1. The Meaning of Corporate Governance and Its Role in the Banking Sector.- Chapter 2. Corporate Governance Theories and the Banking Sector.- Chapter 3. Corporate Governance in the Banking Sector: A Literature Review.- Chapter 4. CG Stock Markets and the Environmental, Social and Corporate Governance (ESG) Indicators.- Chapter 5. Corporate Governance and Behavior Finance.- Chapter 6. Why Corporate Governance Matters - Spectacular Defaults.
£104.49
Springer International Publishing AG The European Central Bank and Its Role in a
Book SynopsisThis book analyses the new strategic decisions of the European Central Bank. Contributors from different fields examine especially the sustainability strategy of the ECB: What role can the European Central Bank play in fighting climate change? ECB President Christine Lagarde has repeatedly confirmed that the central bank wants to play a role in coping with climate change. What will this role be? What instruments does the ECB have to make a difference in challenges such as the defossilization of the economy and transport, biodiversity, the energy transition, resource consumption and other sustainability areas? Is it entitled or obliged to go beyond the classic mandate of maintaining price stability? The volume includes contributions from academics and practitioners from the financial sector, civil society and institutions involved at European level.Table of ContentsChapter 1. From Climate Finance to “climate Finance Society” to a Culture of Sus-tainability. Changing Perspectives on the ECB’s New Strategy.- Chapter 2. Sustainable Finance: What has Happened – What Needs to Happen?.- Chapter 3. The New Sustainability Strategy of the ECB.- Chapter 4. Independently Green? An Integrated Strategy for a Transformative ECB.- Chapter 5. Credibility in the Financial Market – a Practical Perspective.- Chapter 6. Fundamental Rights in the Core Business of the ECB – Still No Issue.- Chapter 7. The Club of Rome, the Global Perspective.- Chapter 8. What to Do with Modern Money Theory (MMT)?.- Chapter 9. The Role of the EU Taxonomy.
£123.49
Springer International Publishing AG The European Banking Regulation Handbook, Volume
Book SynopsisIn two volumes, this book covers in a comprehensive, internally balanced, systematic and detailed way the field of European Union (EU) banking law and regulation. In three parts, Volume I offers a brief introduction to the role of banks in the contemporary financial system and the theory of banking regulation, a thorough analysis of international financial standards which are contained in the sources of public international banking law (and of public international financial law, in general), a detailed presentation of the gradual evolution and the sources of EU banking law, as well as a precise analysis of the law-making process and the key institutional aspects of this branch of EU economic law. The standards and rules adopted and the institutions created in the aftermath of the (2007-2009) global financial crisis and the subsequent euro area fiscal crisis, as well as during the current pandemic crisis are discussed, as appropriate. A detailed analysis of the substantive aspects of EU banking law will follow in Volume IITable of ContentsPart ITheory Of Banking Regulation And International Financial Standards Chapter 1 The Case For Banking Regulation Chapter 2 Key Aspects Of Public International Financial Law – International Financial Standards Chapter 3 Key Institutional Aspects Of The International Financial Architecture And An Interim Assessment Part II Part II: European Banking Regulation (Law): Definition, Evolution And Sources Chapter 4 Definition And Evolution Up To The Creation Of The Banking Union Chapter 5 Developments After The Establishment Of The Banking Union Chapter 6 The Legislative Acts Which Constitute The Sources Of Eu Banking Law Part III European Banking Regulation (Law): Key Institutional Elements Chapter 7 The European Banking Authority (Eba) And Its (Significant) Role In The Law-Making Process Chapter 8 The Single Supervisory Mechanism (Ssm) Chapter 9 The Single Resolution Mechanism (Srm)
£113.99
Springer International Publishing AG New Challenges for the Banking Industry:
Book SynopsisThis book aims to enrich the banking and finance literature by gathering insights in new research topics being undertaken in the aftermath of the Covid-19 pandemic. The book spans all the major research fields in finance and banking with a particular focus on corporate governance, sustainability and innovation. The book brings together academics at a range of European universities and stems from research presented at the 2022 Annual Conference of the Wolpertinger Club. The first part focuses on the impact of banks’ corporate governance practice on their performance, including pay gaps as well as diversity and ESG policies. The second part examines how banks are conducting their green transition with topics including reputational risk, greenwashing, green bonds, and ESG scores. The final section of the book considers the role of digitalization and innovative technologies in creating unprecedented disruption in the banking sector. This edited collection is valuable to those researching in finance, banking and business, as well as policymakers and operational decision makers at financial institutions.Table of Contents Chapter 1. Introduction.- PART I: Corporate Governance. Chapter 2. Compensation Policy in Banking: The case of Tournament Incentives.- Chapter 3. The Effect of Board Diversity and ESG Engagement on Banks’ Profitability and Risk.- Chapter 4. ESG default risk mitigation effect: a time-sectorial analysis.- Chapter 5. Principles of the optimal government regulation in the financial market.- PART II: Sustainability and Green Finance. Chapter 6. Firm Pollution and Reputational Risk: Where Do We Stand?.- Chapter 7. Is all that glitters that “green”? An Empirical Investigation of the magnitude of greenwashing in banking and its determinants.- Chapter 8. Sovereign green bonds in the European Union. Are they effective in supporting the green transition? .- Chapter 9. The Impact of ESG Score and Controversy on Stock Performance.- PART III: Innovation.- Chapter 10.The Digitalization of the European Banking Industry: Some Evidence.- Chapter 11. The Relation between Patent Pledgeability and Credit Rationing.- Chapter 12. Increasing the predictive power of financial distress models – the case of the new alert system proposed by the Italian NCCAAE.
£142.49
Springer International Publishing AG How to Value a Bank: From Licensing to Resolution
Book SynopsisThis book gives an overview of the most common techniques used by analysts and experts to assess and value banks in all phases of a Bank’s life, from licensing to resolution. These include licensing procedures, going concern market valuation techniques, liquidation, and resolution methodologies. The author sheds light on financial institutions’ reporting and financial statements and explains how to interpret the data. Special attention is given to the different valuation approaches for financial institutions ranging from the basic PE and PBV methodologies to the more sophisticated ones such Discount cash flow (DCF), Dividend discount model (DDM), excess return models (EVA), and their variant, the warranted equity value (WEV) method. The authors also illustrate how to build a sum-of-the-parts model (SOTP) and how to treat capital in the process as well as developing a bottom-up approach for the cost of equity. The book provides numerous real-world examples which will hopefully help practitioners build their own MS Excel models. Furthermore, this publication investigates some of the critical aspects of banking M&A and its valuation implications. This book also takes a deep dive into valuation for Banks in gone concern status, describing the basis for three different types of valuation of Banks in resolution: to inform a decision on whether to put a bank into resolution; to inform the choice of resolution tools and the extent of any bail-in of liabilities; and to determine whether any creditors would have been better off had the bank gone into insolvency. Special attention is given to the valuation of non-performing loans (NPLs) and financial assets focusing on some operational aspects of winding-down a bank’s loan and trading book portfolio.Table of ContentsChapter 1. Introduction.- Chapter 2. Main Features of the Banking Business Model.- Chapter 3. Valuing a Bank in Going Concern.- Chapter 4. Banks M&a: Strategy and Valuation.- Chapter 5. Valuation in Resolution.- Chapter 6. Valuation in Liquidation.- Chapter 7. Loan Valuation.- Chapter 8. Financial Assets Valuation.- Chapter 9. Solvent Wind Down.
£71.99
Springer International Publishing AG Commercial Banking in Transition: A Cross-Country
Book SynopsisThe book investigates commercial banking, covering the European framework, the Anglo-Saxon systems, and the Asian area in a comparative approach in trying to answer the following questions: Which is the commercial banking business model of the future? What do we expect a bank to be and to do in the new economic and social reality? How might banking supervision over commercial banks as well as market competition change? The book showcases how three factors or driving forces influence the future of commercial banking: i) fintech innovations (such as artificial intelligence, cryptocurrencies, blockchain, algorithmic trading, machine learning and electronic payments, to name a few), ii) covid-19 measures, and iii) SDG policy priorities. Geared toward academics, scholars and students of banking and financial services, the book will explore how these three factors have different weight in the different legal contexts.Chapter 11 is licensed under the terms of the Creative Commons Attribution 4.0 International License.Table of ContentsForeward, by Vittorio Santoro.- Chapter 1 Introduction, by the Editors.- Part I “The EUROPEAN UNION”.- Chapter 2Intermediaries’ model in banking and finance and the treatment of fintech in the European Union: a critical approach, by Patrick Barban.- Chapter 3 FinTech and competition regulatory concerns in the EU banking business framework, by Gabriella Gimigliano.- Chapter 4 Prudential regulation policy responses to financial technological innovations: the future for banks and crypto-finance?, by Iris H-Y Chiu.- Chapter 5 Digitalizing the commercial bank business model: vanishing brank branches and the risk of financial exclusion of the elderly, by Anne-Christine Mittwoch, Anne-Marie Weber, Weronika Herbert-Homenda, and Weronika Stefaniuk.- Chapter 6 The “game changer” in the euro area: Banking Union and commercial banking, by Lucia Quaglia.- Chapter 7 The financing of problem banks: critical issues and challenges ahead, by Marco Bodellini.- Chapter 8 The review of the EU bank crisis management and deposit insurance framework, by Johannes Langthaler.- Chapter 9 Sustainable commercial banking in European Union Law: a renewed mandate for commercial banks?, by Pablo Iglesias Rodriguez.- Chapter 10 Commercial banks and competition concerns – SDG policy priorities, by Lela Mélon and Alenka Recelj Mercina.- Part II “The Anglo-Saxon SYSTEMS”.- Chapter 11 Central Bank Digital Currency and the Agenda of monetary devolution, by Leonidas Zelmanovitz and Bruno Meyerhol Salama.- Chapter 12 Open banking in the UK: a co-opetition scenario for innovation and evolution in the UK retail banking sector, by Nikita Divissenko.- Chapter 13 Rethinking crypto-regulation for crypto-investors in the UK, by Joy Malala and Folashade Adeyemo.- Chapter 14 Cross-border recognition of foreign resolution actions: the statutory regime in the United Kingdom, by Shalina Daved, Clare Merrified & Michael Salib.- Chapter 15 The impact of climate change on the economy and financial system: legal aspects of the Bank of England’s response, by Jack Parker and Ann Corrigan.- Part III “CHINA AND SOUTH KOREA”.- Chapter 16 Chinese commercial banks and fintech-competition and collaboration, by Ding Chen.- Chapter 17 Fintech and banking reform: a perspective from China, by Wang Feimin, Xu Duoqi, and Cheng Xuejn.- Chapter 18 Prudential regulation of the banking-like business of fintech companies in China, by Yangguang Xu and Zhirou Li.- Chapter 19 Recent changes and prospects of banking services regulations and supervision in Korea, by Sung-Seung Yun and GiJin Yan.- Part IV “Looking ahead”.- Chapter 20 Final remarks, by Antonella Brozzetti.
£116.99
De Gruyter Principles of Green Banking: Managing
Book SynopsisEnvironmental sustainability is perhaps the key societal challenge of our times. Achieving it will require a significant level of financing and investment, and here the role of the banking industry is fundamental. Banks can play a broader and far-reaching role by adopting environmental concerns in their internal and external business operations. Principles of Green Banking is a comprehensive account of the different aspects of green banking and offers theories and principles as well as practical how-to guidelines to adopt green banking practices. This book discusses why green banking is central to achieving sustainable development. It illustrates the evolution of green banking around the world, different types of environmental risks created by firms and how these risks offer threats to sustain ability, and ongoing trends and patterns of green banking practice. Critically, it also presents an outline of the regulatory framework necessary to help the entire banking sector adapt to the change towards green banking. It is a valuable resource for financial sector professionals and scholars in the fields of sustainable finance and banking.Table of Contents 1. Introduction 2. ENVIRONMENTAL RISK, SUSTAINABILITY AND BANKING 3. TRENDS IN ENVIRONMENT FRIENDLY BANKING 4. GREEN BANKING: DEFINITION AND APPROACHES 5. THE NEED AND IMPACT OF GREEN BANKING 6. THE PRINCIPLES OF GREEN BANKING 7. GREEN BANKING INTERVENTION AND ADOPTION PROCESS 8. GREEN BANKING AND RISK MANAGEMENT 9. THE GREEN BANKING REGULATORY AND POLICY FRAMEWORK 10. FUTURE CHALLENGES AND WAY FORWARD
£44.25
De Gruyter Blockchain and Artificial Intelligence: The World
Book SynopsisBlockchain and artificial intelligence are perhaps the two most significant disruptive technologies this century and both will significantly rewire the world of global financial markets and the world in which we live. While blockchain offers a number of significant advantages over traditional forms of finance including lower cost and massive increases in operational efficiencies of traded markets, property records and a whole host of transaction processes, artificial intelligence is moving fast from basic structured machine learning doing menial yet important big data tasks like credit card fraud detection to predictive analysis and real-time real-world risk management and investment decision making. There is still a lot of confusion in the market about cryptocurrencies, bitcoin and the underlying blockchain technology. Blockchain and Artificial Intelligence highlights the underlying technologies of blockchain and the differences between cryptocurrencies and blockchain financial applications. It explores the current AI offerings and gives a vision of the fast-moving developments in this area including the many solutions that are expected to revolutionize the way financial and commodity markets will operate in the future.
£60.75
De Gruyter Fragmenting Markets: Post-Crisis Bank Regulations
Book SynopsisPost-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication is the encouragement of market infrastructure and trading methods that reduce the amount of space on bank balance sheets that is needed to conduct a given amount of trade. Using models and evidence, this book addresses the implications for financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on financial market efficiency post-2008, the author argues that bank capital levels could actually be pushed higher while still improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule and increasing risk-based capital requirements.
£35.25
De Gruyter Blockchain, Fintech, and Islamic Finance:
Book SynopsisFollowing the success of the first edition that brought attention to the digital revolution in Islamic financial services, comes this revised and updated second edition of Blockchain, Fintech and Islamic Finance. The authors reiterate the potential of digital disruption to shrink the role and relevance of today’s banks, while simultaneously creating better, faster, cheaper services that will be an essential part of everyday life. Digital transformation will also offer the ability to create new ways to better comply to Islamic values in order to rebuild trust and confidence in the current financial system. In this new edition, they explore current concepts of decentralized finance (DeFi), distributed intelligence, stablecoins, and the integration of AI, blockchain, data analytics and IoT devices for a holistic solution to ensure technology adoption in a prudent and sustainable manner. The book discusses crucial innovation, structural and institutional developments for financial technologies including two fast-growing trends that merge and complement each other: tokenization, where all illiquid assets in the world, from private equity to real estate and luxury goods, become liquid and can be traded more efficiently, and second, the rise of a new tokenized economy where inevitably new rules and ways to enforce them will develop to fully unleash their capabilities. These complementary and oft-correlated trends will complete the decentralization of finance and will influence the way future financial services will be implemented. This book provides insights into the shift in processes, as well as the challenges that need to be overcome for practical applications for AI and blockchain and how to approach such innovations. It also covers new technological risks that are the consequence of utilizing frontier technologies such as AI, blockchain and IoT. Industry leaders, Islamic finance professionals, along with students and academics in the fields of Islamic finance and economics will benefit immensely from this book.
£25.20
De Gruyter Climate Change Risk Management in Banks: The Next
Book SynopsisBanks, like other businesses, endeavor to drive revenue and growth, while deftly managing the risks. Dubbed the next "frontier" in risk management for financial services, climate related risks are the newest and potentially the most challenging set of risks that banks are encountering. On the one hand, banks must show their commitment to becoming net zero and, on the other, help their customers transition to more sustainable operations, all this while managing climate-related financial risks. It is a paradigm shift from how the banking industry has traditionally managed risks as climate change risks are complex. They are multilayered, multidimensional with uncertain climate pathways that impact real economy which in turn influences the financial ecosystem in myriad ways. Climate Change Risk Management in Banks weaves the complete lifecycle of climate risk management from strategy to disclosures, a must-read for academics, banking professionals and other stakeholders interested in understanding and managing climate change risk. It provides much-needed insights, enabling organizations to respond well to these new risks, protect their businesses, mitigate losses and enhance brand value. Saloni Ramakrishna, an acknowledged financial industry practitioner, argues that given the uncertain and volatile climate paths, complex geopolitical patterns, and sustainability challenges, banks and business professionals will benefit from a wholistic approach to managing climate change risks. The book provides a blueprint and a cohesive framework for embracing and maintaining such an approach, in a simple and structured format.
£50.62
