I bought this book to better understand the impact of the new financial reforms post the last financial crisis. This book gives an excellent and comprehensive introduction to banking and puts in perspective the rational of the new Basel III prudential rules. It also provides advanced insights into asset liability management and other risk mitigation methods. Overall it is a very good reference tool for bankers and even very readable and understandable for non-bankers.
The great book - the impressive piece of work and the really fundamental text covering the most important aspects of the banking. This book can be a valuable source for those who plan to make their career in banking and want to understand how the modern banking works. At the same time, the depth of the analysis makes this book useful also for experienced bank professionals who want to broad their view to some banking areas and embrace the interactions of different areas of banking business. My main interest was Moorad's view on the banking strategy and governance (Part IV). I have to confess that it was very interesting reading. What he say about main issues for banking strategy and governance is spot on.
Choudhry's "The Principles of Banking" represents one of the few books that delivers what its title promises. On over 850 pages, the author covers a wide but sensibly chosen range of topics - from regulatory capital, risk measurement (credit, market and liquidity risk) to asset liability management, governance and strategy. Throughout the book, the author proves the knack to distil the essence from what are often complex market, risk and treasury themes. Choudhry presents these themes in an easy to follow way without simplifying them. A highly recommended read for practioners and students who will also benefit from a wide range of illustrations and supportive materials.
The book takes you through everything you need to know about the modern bank: starting from the business model, to regulatory requirements, the major risks facing a bank and modelling techniques for the yield curve. The book goes to the heart of two critical issues overlooked by many before the subprime collapse. Asset Liability Management and Liquidity Risk Management, two topics any banker needs to understand to originate good risk for the bank.
This essential book is closing with important points on strategy and governance, which include capital and funding management.
In conclusion this is a great read and a versatile book which can engage readers who want to get introduced to banking, but also guide veteran executives in the principles of bank management.
This author never ceases to impress. As with all his books Moorad Choudhry has done an amazing job of concisely and clearly explaining, in a greatly useful and complete level of detail, all of the important aspects of banks as institutions, their products, their asset and liability management techniques, liquidity and risk management to name just a few....It is an excellent book and as always with Mr Choudhry's writing style it is very easy to read and understand. I would recommend this for anyone who wants a good, detailed insightful read about the business of banks, their products and the regulatory and risk management aspects of the business of banking.
This book is a compelling walk-through all relevant aspects of banking: Starting with a basic "primer" on bank business, balance sheet management, regulation and risk, the book goes on to detail asset and liability management, liquidity risk management, and strategy and governance. While covering all basics, the book goes deep into topics which have become more relevant today than ever before. Building upon both both academic depth and practical experience as a treasurer, Prof. Choudhry manages to give a substantial overview about banking principles in today's world as well as an outlook into expected future developments.
This is a fantastic book. Having worked in the banking industry for over 15 years I had a great cross sectoral view of what banking is all about and yet there were some fundamental gaps in my knowledge and understanding of the more technical aspects of banking - particularly on the markets side around market risk, counter party credit risk, derivatives and structured products. Professor Choudry pulls it all together in his very readable but comprehensive book. I am now as a result a huge fan of his work and am grateful for the skilled and open transfer of knowledge and excellent insights. I recommend it very highly.
Having spent 3 years of my life studying banking at university, I am often scepticle about banking books as information often gets repetitive. Principles of Banking has not only offered a fresh perspective on a broad range of Banking topics but also does so in a manner which have kept me interested and the reading was easy. A big strength for me was the fact that it proved suitable for readers of all levels of knowledge, it offered a quick introduction into the topics and then seemingly went into more specific details. The text had a very practical feel to it and has proven useful in my daily work.
Moorad Choudhry's 'The Principles of Banking' is a comprehensive and detailed - yet very readable - guide to the banking sector. Perhaps most usefully it offers a practical, real-world based perspective, occupying that tricky middle-ground between the technical 'calculations-based' text books and the 'City Insider' accounts which periodically appear on the best-seller shelves. Choudhry's tome will be of value both to experienced market participants and students.
Dr Choudhry delivers his trademark style of analysis, presenting a clear introduction to the principles of banking. The book's focus on the sound management of the balance sheet stands it above other works in this area as this is a topic which too few practitioners understand in sufficient detail. The intellectually curious will welcome the plentiful detail and practical examples derived from the author's deep and varied experience. Highly recommended.