AssetLiability Management for Financial Institutions: Balancing Financial Stability with Strategic Objectives (Key Concepts)

Effective asset-liability management (ALM) of a financial institution requires making informed strategic and operational decisions. Ever more important in the wake of the corporate bailouts and collapses of the financial crisis, ALM encompasses the formulation, implementation, monitoring, and revision of strategies, often on a daily basis due to the fast-moving nature of the related risks and constraints.

This approachable book features up-to-date practitioner and academic perspectives to provide you with the knowledge you need. Key foundation information is backed up by the latest research and thought leadership to form a comprehensive guide to ALM for today and into the future, with case studies and worked examples. Detailed coverage includes:

* Successful risk management frameworks
* Coherent stress-testing
* Modeling market risk
* Derivatives and ALM
* Contingency funding to manage liquidity risks
* Basel III capital adequacy standard
* Investment management for insurers
* Property and casualty portfolio management
* Funds transfer pricing
* Problem loan modeling

Editor Bob Swarup is a respected commentator and expert on financial markets, alternative investments, asset-liability management, regulation, risk management, and pensions. He was formerly a partner at Pension Corporation, a leading UK-based pension buyout firm, and was at an AAA-rated hedge fund of funds in London before that. Swarup is a CAIA charter-holder and sits on the CAIA examinations council, the AllAboutAlpha.com editorial board, and the Adveq advisory board. He was a visiting fellow at the London School of Economics, setting up the Pensions Tomorrow research initiative, and a member of the CRO and Solvency II committees of the Association of British Insurers. Swarup holds a PhD (cosmology, Imperial College, London) and an MA (natural sciences, University of Cambridge). He has written extensively on diverse topics and is currently writing a book on financial crises throughout history and the common human factors underlying them, to be published by Bloomsbury in 2013.

Other contributors include: Marius Bochniak, Alex Canavezes, Giorgio Consigli, Kambiz Deljouie, Jean Dermine, Gary Deutsch, Massimo di Tria, Jens Hagendorff, Markus Krebsz, Jérôme L. Kreuser, Steven V. Mann, Jyothi Manohar, Krzysztof M. Ostaszewski, Corrado Pistarino, Mario Schlener, Hovik Tumasyan, Francesco Vallascas.