Commercial and investment banking and the international credit and capital markets : a guide to the global finance industry and its governance /
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| Format: | Book |
| Language: | English |
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Houndmills, Basingstoke ; New York, NY :
Palgrave Macmillan,
2012
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| Subjects: |
Table of Contents:
- Part I. The fundamentals of finance, markets, valuation and financial firms
- 1. The price mechanism and the three pillars of finance
- 2. Balance sheets: the key to understanding transforming financial intermediaries
- 3. Financial intermediation: industry sectors, products and markets
- 4. Financial intermediation: commercial and investment bank structure
- Part II. Primary markets: funding liquidity and external capital allocation through credit and capital markets
- 5. Liquidity: what is it?
- 6. Financing the four sectors: companies, households, governments and overseas through credit and capital markets
- 7. Banking: credit intermediation through depository institutions
- 8. Bank liquidity management
- 9. Converting loans to securities: securitisation as a financing tool
- 10. Shadow banking: credit intermediation through non-depository institutions and markets
- 11. Capital market equity initial public offerings and corporate bond origination
- Part III. Secondary markets: market liquidity and market failure
- 12. Market liquidity: order-driven auction markets and quote-driven dealer markets
- 13. The new secondary market structure: competition, dark pools, algorithmic and high frequency trading
- 14. Clearing and settlement of securities transactions
- 15. Market failure: sub-optimal allocation of resources by credit and capital markets and consequent banking and sovereign debt crises
- 16. Assessing risk and return for investors in bank and sovereign debt
- Part IV. Assessing and managing risk in asset portfolios
- 17. Investment management and portfolio structuring
- 18. Investment management practice (funds): pension, insurance, sovereign wealth, long-only, hedge, mutual, cash, ETFs, synthetic ETFs and delta one trading desks
- 19. Wealth management and private banking
- Part V. Internal capital allocation: the role of directors, investors and the market for corporate control
- 20. The internal capital market and investor governance of capital allocation
- 21. The market for corporate control: mergers and acquisitions
- 22. Private equity
- Part VI. Internal risk management and external regulation of financial intermediaries and markets
- 23. Risk management in credit intermediaries and investment banks
- 24. Regulation of banks and investment banks: Basel I, II and III
- 25. Regulation of securities markets
- Part VII. The role of governance and strategy in resource allocation and firm and industry structure: case studies in financial services
- 26. Business unit and corporate strategy, governance and firm and industry structure
- 27. Case studies in financial services: success and failures
- 28. The future structure of the industry: implications and re-regulation
- 29. The fatal flaw in capital allocation: the shift from a trust model to a transactional model
- 30. The global economic and financial outlook: 2020 vision
- pt. I FUNDAMENTALS OF FINANCE, MARKETS, VALUATION AND FINANCIAL FIRMS
- 1 Price Mechanism and the Three Pillars of Finance
- 2. Balance Sheets: The Key to Understanding Transforming Financial Intermediaries
- 3. Financial Intermediation: Industry Sectors, Products and Markets
- 4. Financial Intermediation: Commercial and Investment Bank Structure
- pt. II PRIMARY MARKETS: FUNDING LIQUIDITY AND EXTERNAL CAPITAL ALLOCATION THROUGH CREDIT AND CAPITAL MARKETS
- 5. Liquidity: What Is It?
- 6. Financing the Four Sectors: Companies, Households, Governments and Overseas through Credit and Capital Markets
- 7. Banking: Credit Intermediation through Depository Institutions
- 8. Bank Liquidity Management
- 9. Converting Loans to Securities: Securitisation as a Financing Tool
- 10. Shadow Banking: Credit Intermediation through Non-depository Institutions and Markets
- 11. Capital Market Equity Initial Public Offerings and Corporate Bond Origination
- pt. III SECONDARY MARKETS: MARKET LIQUIDITY AND MARKET FAILURE
- 12. Market Liquidity: Order-driven Auction Markets and Quote-driven Dealer Markets
- 13. New Secondary Market Structure: Competition, Dark Pools, Algorithmic and High Frequency Trading
- 14. Clearing and Settlement of Securities Transactions
- 15. Market Failure: Sub-optimal Allocation of Resources by Credit and Capital Markets and Consequent Banking and Sovereign Debt Crises
- 16. Assessing Risk and Return for Investors in Bank and Sovereign Debt
- Case study: Lehman - what might have been
- Case study: Greece - insolvent and near default in 2011
- Case study: Italy - illiquid or insolvent in 2011?
- pt. IV ASSESSING AND MANAGING RISK IN ASSET PORTFOLIOS
- 17. Investment Management and Portfolio Structuring
- 18. Investment Management Practice (Funds): Pension, Insurance, Sovereign Wealth, Long-only, Hedge, Mutual, Cash, ETFs, Synthetic ETFs and Delta One Trading Desks
- 19. Wealth Management and Private Banking
- pt. V INTERNAL CAPITAL ALLOCATION: THE ROLE OF DIRECTORS, INVESTORS AND THE MARKET FOR CORPORATE CONTROL
- 20. Internal Capital Market and Investor Governance of Capital Allocation
- 21. Market for Corporate Control: Mergers and Acquisitions
- 22. Private Equity
- pt. VI INTERNAL RISK MANAGEMENT AND EXTERNAL REGULATION OF FINANCIAL INTERMEDIARIES AND MARKETS
- 23. Risk Management in Credit Intermediaries and Investment Banks
- 24. Regulation of Banks and Investment Banks: Basel I, II and III
- 25. Regulation of Securities Markets
- pt. VII ROLE OF GOVERNANCE AND STRATEGY IN RESOURCE ALLOCATION AND FIRM AND INDUSTRY STRUCTURE: CASE STUDIES IN FINANCIAL SERVICES
- 26. Business Unit and Corporate Strategy, Governance and Firm and Industry Structure
- 27. Case Studies in Financial Services: Success and Failures
- 28. Future Structure of the Industry: Implications of Re-regulation
- Postscript
- The JP Morgan CIO Loss and its implications for governance and regulation
- 29. Fatal Flaw in Capital Allocation: The Shift from a Trust Model to a Transactional Model
- 30. Global Economic and Financial Outlook: 2020 Vision.