Introduction to Banking, 3rd Edition
- Length: 835 pages
- Edition: 3
- Language: English
- Publisher: Pearson
- Publication Date: 2022
- ISBN-10: 1292240334
- ISBN-13: 9781292240336
- Sales Rank: #0 (See Top 100 Books)
Introduction to Banking, 3rd edition, by Casu, Girardone and Molyneux offers an in-depth overview of the theoretical and applied issues in the global banking industry. Organised into five sections, it covers contemporary topics in banking, ranging from central banking and bank regulation, to bank management and corporate governance, providing the most up-to-date information on banking practice.
The new edition discusses the developments contributing to the rapid transformation of the banking sector, such as digitalisation of banking and emergence of non-bank providers, the growing importance of sustainable banking, the FinTech boom, the impact of Covid-19 on banking services, structural and regulatory changes in the banking industry, and the growth of Islamic banking.
Suitable for all undergraduate students taking a course in banking as well as professionals entering this industry, this text also provides background reading for postgraduate students on more advanced topics in banking.
Front Cover Half Title Title Page Copyright Page Contents List of figures List of tables List of boxes Preface Acknowledgements List of acronyms and abbreviations Part 1 Introduction to banking 1 What is special about banks? 1.1 Introduction 1.2 The nature of financial intermediation 1.3 The role of banks 1.4 Information economies 1.5 Why do banks exist? Theories of financial intermediation 1.6 The benefits of financial intermediation 1.7 Conclusion Key terms Key reading Revision questions and problems 2 Bank activities and services 2.1 Introduction 2.2 What do banks do? 2.3 Banks and other financial institutions 2.4 Banking services 2.5 Banks and the FinTech revolution 2.6 Conclusions Key terms Key readings Revision questions and problems Appendix 2.1 FinTech: a selected glossary 3 Types of banking 3.1 Introduction 3.2 Traditional versus modern banking 3.3 Types of banking 3.4 Retail or personal banking 3.5 Private banking 3.6 Corporate banking 3.7 Investment banking 3.8 Types of banks 3.9 Conclusions Key terms Key readings Revision questions and problems 4 International banking 4.1 Introduction 4.2 What is international banking? 4.3 Brief history of international banking 4.4 Why do banks go overseas? 4.5 Types of bank entry into foreign markets 4.6 Advantages and disadvantages of international and cross-border banking 4.7 International banking services 4.8 Conclusions Key terms Key reading Revision questions and problems Appendix 4.1 Syndicated lending: a selected glossary 5 Islamic banking 5.1 Introduction 5.2 A brief history 5.3 How an Islamic bank operates 5.4 Industry features 5.5 Balance sheet and income statement features 5.6 Regulating Islamic banks 5.7 Comparing Islamic and conventional banks 5.8 Conclusion Key terms Key reading Revision questions and problems Part 2 Central banking and bank regulation 6 Central banking 6.1 Introduction 6.2 What are the main functions of a central bank? 6.3 How does monetary policy work? 6.4 Monetary policy functions of a central bank 6.5 Why do banks need a central bank? 6.6 Should central banks be independent? 6.7 Conclusion Key terms Key reading Revision questions and problems 7 Bank regulation and supervision 7.1 Introduction 7.2 The rationale for regulation 7.3 Types of regulation 7.4 The financial safety net 7.5 Limitations of regulation 7.6 Causes of regulatory reform 7.7 Bank capital regulation 7.8 The 1988 Basel Capital Accord (Basel I) 7.9 The 1996 amendments to the 1988 Accord 7.10 The second Capital Accord (Basel II) 7.11 The third Capital Accord (Basel III) 7.12 Finalising Basel III 7.13 Conclusion Key terms Key reading Revision questions and problems 8 Bank failures and banking crises 8.1 Introduction 8.2 The determinants of bank failure 8.3 Early warning systems for bank soundness 8.4 Bank restructuring 8.5 Banking crises 8.6 Conclusion Key terms Key reading Revision questions and problems Part 3 Issues in bank management 9 Banks' balance sheet and income structure 9.1 Introduction 9.2 Retail banks' balance sheet structure 9.3 Investment banks' financial statements 9.4 Bank performance and financial ratio analysis 9.5 Conclusion Key terms Key reading Revision questions and problems 10 Bank financial management 10.1 Introduction 10.2 Asset–liability management (ALM) 10.3 Liquidity management and the importance of reserves 10.4 Capital adequacy management 10.5 Off-balance-sheet (OBS) business in banking 10.6 Loan sales and the process of securitisation 10.7 Derivative business in banking 10.8 Conclusion Key terms Key reading Revision questions and problems 11 Banking risks 11.1 Introduction 11.2 Credit risk 11.3 Interest rate risk 11.4 Liquidity (or funding) risk 11.5 Foreign exchange risk 11.6 Market (or trading) risk 11.7 Country and sovereign risk 11.8 Operational and cyber risks 11.9 Off-balance-sheet risk 11.10 Sustainability (or ESG) risks 11.11 Other risks 11.12 Capital risk and solvency 11.13 Interrelation of risks 11.14 Conclusion Key terms Key reading Revision questions and problems 12 Bank risk management 12.1 Introduction 12.2 General risk management 12.3 Credit risk management 12.4 Managing the lending function 12.5 Managing interest rate risk 12.6 Managing liquidity risk 12.7 Managing market risk 12.8 Managing operational risk 12.9 International risk assessment 12.10 Conclusion Key terms Key reading Revision questions and problems Part 4 Comparative banking markets 13 Banking in the UK 13.1 Introduction 13.2 The crisis in UK banking 13.3 Regulatory reforms and the changing face of UK banking 13.4 The structure of the UK banking sector 13.5 Profits and the financial features of UK banks 13.6 The UK payment system 13.7 Competition in UK banking 13.8 Conclusion Key terms Key reading Revision questions and problems Appendix 13.1 Demutualisation of the UK building society sector 14 Banking in Europe 14.1 Introduction 14.2 The European Union 14.3 The Single European Market for financial services 14.4 Building a new EU financial architecture 14.5 Structural features and the consolidation trend 14.6 Balance sheet structure and performance in European banking 14.7 Conclusion Key terms Key reading Revision questions and problems 15 Banking in the US 15.1 Introduction 15.2 The financial crisis in the US 15.3 Structure of the US banking and financial systems 15.4 US payments systems 15.5 Balance sheet features of US commercial banks 15.6 Performance of US commercial banks 15.7 Regulation of the US banking system 15.8 Conclusion Key terms Key reading Revision questions and problems 16 Banking in Japan 16.1 Introduction 16.2 Structure of banking system 16.3 Payment systems 16.4 Banking crises in Japan 16.5 Changing structure of the financial system 16.6 Conclusion Key terms Key reading Revision questions and problems 17 Banking in emerging markets 17.1 Introduction 17.2 Benchmarking financial development 17.3 Finance and growth 17.4 The macroeconomic outlook 17.5 Structural features and trends 17.6 Conclusion Key terms Key reading Revision questions and problems Part 5 Advanced topics in banking 18 Banks and markets 18.1 Introduction 18.2 Bank intermediation, markets and information 18.3 The development of the securitisation market 18.4 Modern securitisation process 18.5 The 'new wave' of securitisation 18.6 Types of securitisation 18.7 Securitisation, credit-rating agencies and monoline insurers 18.8 The future of securitisation 18.9 Conclusion Key terms Key reading Revision questions and problems 19 Mergers and acquisitions 19.1 Introduction 19.2 Mergers and acquisitions: definitions and types 19.3 Recent trends in bank M&As 19.4 M&A and bank performance 19.5 Managerial motives for M&As 19.6 The impact of M&As on bank customers 19.7 M&As and bank diversification 19.8 The exploitation of safety-net subsidies and systemic risk 19.9 Conclusion Key terms Key reading Revision questions and problems 20 Bank competition and financial stability 20.1 Introduction 20.2 Structure-conduct-performance (SCP) 20.3 Non-structural measures of banking sector competition 20.4 Comparing competition measures – are they consistent? 20.5 Competition and risk in banking 20.6 Bank competition and stability 20.7 Conclusion Key terms Key reading Revision questions and problems Appendix A1 Interest rates, bonds and yields Appendix A2 Introduction to portfolio theory Glossary References and further reading Index Back Cover
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