Liquidity Risk ― Managing Funding and Asset Risk

The world has undergone a fundamental transformation since the first edition of Liquidity Risk was published in 2005: the financial crisis of 2007-2008, which was so devastating in its reach and consequences, has transformed many aspects of the financial world and has altered conventional wisdom regarding prudent risk management. Perhaps most importantly, the crisis demonstrated that liquidity is the most vital component of a properly functioning financial system – it is the essential lifeblood of banks and other financial institutions, and, by direct extension, the essential lifeblood of all other parts of the corporate and governmental world.

Fully updated to reflect the many changes in the industry, this new edition of Liquidity Risk reflects current thinking and ideas and provides a ready roadmap on new rules, regulations and governance processes for sound liquidity risk management.

Erik Banks is an experienced practitioner and regular contributor to the literature in the field of financial risk management and regulation. He is currently Senior Risk Advisor for a major European universal bank, and has spent more than 25 years as an international banker, working at major financial institutions in New York, London, Tokyo, Hong Kong and Munich, in market and credit risk management roles. Erik is the author of over 20 books and numerous articles on financial risk management, insurance and regulation.