Managing Bank Risk or Just Business

Managing Bank Risk: An Introduction to Broad-Base Credit Engineering with CDROM

Author: Morton Glantz

"Mort Glantz has succeeded in writing a book which reformulates proven concepts of credit risk management in the context of contemporary best practice techniques in portfolio management. The invaluable supporting and reference materials make this volume a benchmark publication for the financial community."
—George Votja, Director, Financial Services Forum

"This book should be required reading for the growing number of 'Credit Risk Managers' and 'Credit Risk Departments' at big banks and even community banks. One thing we learned from Enron and other troubled borrowers that did not make it through the 2001-2002 recession is that there can never be too much credit analysis, especially on complicated deals which are becoming the rule rather than the exception. Managing Bank Risk will be one of the most important tools in this regard for bankers, examiners, and others interested in understanding and measuring credit risk."
—Kenneth H. Thomas, The Wharton School, University of Pennsylvania

Featuring new credit engineering tools, Managing Bank Risk combines innovative analytic methods with traditional credit management processes. Professor Glantz provides print and electronic risk-measuring tools that ensure credits are made in accordance with the necessary data to judge asset quality and value.

In chapters on 'New Approaches to Fundamental Analysis' and 'Credit Administration', Managing Bank Risk shows readers how to assimilate new tools such as credit derivatives, cash flow computer modeling, distress prediction and workout, interactive risk rating models and probabilistic default screening, with well known controls. By following the guidelines of theBasel Committee on Banking Supervision, Managing Bank Risk offers useful models, programs and documents essential for creating a sound credit risk environment, credit granting processes and appropriate administrative and monitoring controls.

Key Features:
* Chapter concluding questions.
* Case studies illustrating all major tools.
* Two chapters on 'Portfolio Management of Default Risk' and 'EDFв„ў Credit Measure' provided by KMV, the world's leading provider of market based quantitative credit risk products.
* Library of internet links directing readers to information on evolving credit disciplines such as portfolio management, credit derivatives, risk rating, and financial analysis.
* CD-ROM containing interactive models and a useful document collection.

Table of Contents:

Introduction to Bank Risk Management; Accounting Standards, Flags and Distortions; Multivariate Ratio Analysis; Credit Analysis of Seasonal Businesses; Asset-Based Lending; Cash Flow Analysis; Projections and Risk Assessment; Risk Management and Sustainable Growth; Financial Distress; Establishing a Risk Management Area; Capital Adequacy; Portfolio Maintenance; Portfolio Management of Default Risk; EDFв„ў Credit Measure; Credit Derivatives; An Overview of Risk-Adjusted Return on Capital (RAROC) and CreditMetrics; Global Exposure Systems: Application and Design ; Pricing Models; Risk Rating Models.

Book review: At Home With Carolyne Roehm or Between Meals

Just Business: Business Ethics in Action

Author: Elaine Sternberg

Just Business provides the first comprehensive, reasoned framework for resolving questions of business ethics and corporate governance. Innovative, accessible, and global in scope, its powerful Ethical Decision Model can be used to manage the ethical problems of business as they arise in all their complexity and variety.
Just Business combines business realism with philosophical rigor, and demonstrates that it is not necessary to emasculate or to adulterate business for business to be ethical. The book benefits from Elaine Sternberg's extensive experience as an academic philosopher, an international investment banker, and head of successful businesses. She is now Principal of a London-headquartered consultancy firm, and Research Fellow in Philosophy at the University of Leeds.