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Books > Business & Economics > Finance & accounting > Finance > Banking

Bank Holding Companies & Government Support Issues (Hardcover): Colleen Royce Bank Holding Companies & Government Support Issues (Hardcover)
Colleen Royce
R3,198 Discovery Miles 31 980 Ships in 10 - 15 working days

During the 2007-09 financial crisis, the federal government's actions to stabilize the financial system provided funding support and other benefits to bank holding companies and their subsidiaries. Agencies introduced new programs with broad-based eligibility that provided funding support to eligible institutions, which included entities that were part of a bank holding company and others. Programs that provided the most significant support directly to bank holding companies or their subsidiaries included Department of the Treasury capital investment programs, Federal Reserve System lending programs, and Federal Deposit Insurance Corporation (FDIC) guarantee programs. The federal government extended unprecedented support to financial institutions to stabilise financial markets during the financial crisis. While these actions helped to avert a more severe crisis, they raised questions about the appropriate scope of government safety nets for financial institutions. This book examines actual government support for banks and bank holding companies during the financial crisis; and recent statutory and regulatory changes related to government support for banks and bank holding companies. It also examines how financial reforms have altered market expectations of government rescues and the existence or size of funding advantages the largest bank holding companies may have received due to perceived government support.

An Introduction to Money Laundering Deterrence (Paperback): Dennis Cox An Introduction to Money Laundering Deterrence (Paperback)
Dennis Cox
R685 R489 Discovery Miles 4 890 Save R196 (29%) Ships in 10 - 15 working days

Every criminal act anywhere that involves obtaining money illegally produces funds which need to be laundered. The IMF estimates that 2-5% of global GDP ($590bn and $1.5 trillion) is laundered every year - $590bn is the equivalent of Spain's yearly output. Globally, regulations have come in which affect certain businesses, especially banks and other financial institutions. These businesses have been required to put in place specific arrangements to prevent and detect money laundering and the criminal activity that underlies it. As money launderers have resorted to more sophisticated ways of disguising the source of their funds, so employees have to be ever more aware of what they are dealing with, and how to deal with it. * At present books on money laundering deterrence tend to focus on the detailed regulations and therefore do not provide much in the form of practical advice and guidance. The books also tend to look at money laundering regulation from a single perspective - say that of the UK. * Legislation requires firms to provide all relevant employees with adequate training on that legislation, and to recognise and deal appropriately with transactions where money laundering is suspected. * This book will look at a series of types of money laundering, explain how they are used and what controls, if any, could be used by an institution to protect itself. * What should make a banker suspicious, how would suspicion appear to a court or regulator, and what will the impact be on controls and reputational risk.

Other People's Money - How Banking Worked in the Early American Republic (Hardcover): Sharon Ann Murphy Other People's Money - How Banking Worked in the Early American Republic (Hardcover)
Sharon Ann Murphy
R1,028 R882 Discovery Miles 8 820 Save R146 (14%) Ships in 10 - 15 working days

Pieces of paper that claimed to be good for two dollars upon redemption at a distant bank. Foreign coins that fluctuated in value from town to town. Stock certificates issued by turnpike or canal companies-worth something...or perhaps nothing. IOUs from farmers or tradesmen, passed around by people who could not know the person who first issued them. Money and banking in antebellum America offered a glaring example of free-market capitalism run amok-unregulated, exuberant, and heading pell-mell toward the next "panic" of burst bubbles and hard times. In Other People's Money, Sharon Ann Murphy explains how banking and money worked before the federal government, spurred by the chaos of the Civil War, created the national system of US paper currency. Murphy traces the evolution of banking in America from the founding of the nation, when politicians debated the constitutionality of chartering a national bank, to Andrew Jackson's role in the Bank War of the early 1830s, to the problems of financing a large-scale war. She reveals how, ultimately, the monetary and banking structures that emerged from the Civil War also provided the basis for our modern financial system, from its formation under the Federal Reserve in 1913 to the present. Touching on the significant role that numerous historical figures played in shaping American banking-including Alexander Hamilton, James Madison, Benjamin Franklin, Henry Clay, Daniel Webster, and Louis Brandeis- Other People's Money is an engaging guide to the heated political fights that surrounded banking in early America as well as to the economic causes and consequences of the financial system that emerged from the turmoil. By helping readers understand the financial history of this period and the way banking shaped the society in which ordinary Americans lived and worked, this book broadens and deepens our knowledge of the Early American Republic.

The New Lombard Street - How the Fed Became the Dealer of Last Resort (Hardcover): Perry Mehrling The New Lombard Street - How the Fed Became the Dealer of Last Resort (Hardcover)
Perry Mehrling
R963 R740 Discovery Miles 7 400 Save R223 (23%) Ships in 10 - 15 working days

Walter Bagehot's "Lombard Street," published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis--but the recent global financial meltdown has posed unforeseen challenges. "The New Lombard Street" lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system.

Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets--most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In "The New Lombard Street," Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.

Handbook of Islamic Banking (Hardcover): M. Kabir Hassan, Mervyn K. Lewis Handbook of Islamic Banking (Hardcover)
M. Kabir Hassan, Mervyn K. Lewis
R4,586 Discovery Miles 45 860 Ships in 10 - 15 working days

The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. From its origins thirty years ago, Islamic banking has expanded rapidly to become a distinctive and fast growing segment of the international banking and capital markets. Despite this expansion, Islamic banking still remains poorly understood in many parts of the Muslim world and continues to be a mystery in much of the West. This comprehensive Handbook provides a succinct analysis of the workings of Islamic banking and finance, accessible to a wide range of readers. At the same time, it seeks to bring the current research agenda and the main issues on Islamic banking before a wider audience. Islamic banking offers, as an alternative to conventional interest-based financing methods, a wide variety of financial instruments and investment vehicles based on profit-and-loss sharing arrangements. These are all explored in detail along with other subjects such as governance and risk management, securities and investment, structured financing, accounting and regulation, economic development and globalization. M. Kabir Hassan, Mervyn Lewis and the other contributors have created an authoritative and original reference work, which will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. It will be invaluable to all scholars, researchers and policymakers with an interest in this subject.

The Accidental Investment Banker - Inside the Decade That Transformed Wall Street (Paperback): Jonathan Knee The Accidental Investment Banker - Inside the Decade That Transformed Wall Street (Paperback)
Jonathan Knee 2
R293 R223 Discovery Miles 2 230 Save R70 (24%) Ships in 10 - 15 working days

"Entertainingly indiscreet ...Knee's talent for wicked pen portraits is put to good use."--Financial Times Investment bankers used to be known as respectful of their clients, loyal to their firms, and chary of the financial system that allowed them to prosper. What happened? From his prestigious Wall Street perches at Goldman Sachs and Morgan Stanley, Jonathan A. Knee witnessed firsthand the lavish deal-making of the freewheeling nineties, when bankers rode the wave of the Internet economy, often by devil-may-care means. By the turn of the twenty-first century, the bubble burst and the industry was in free fall. Told with biting humor and unflinching honesty, populated with power players, back-stabbers, and gazillionaires, The Accidental Investment Banker is Knee's exhilarating insider's account of this boom-and-bust anything-goes era, when fortunes were made and reputations were lost. "Not since Michael Lewis's Liar's Poker has there been as good, as accessible or as pithy a look at the world of investment banking."--The Washington Post "For anyone who remembers the crazy boom times, and the even crazier bust, Jonathan A. Knee's The Accidental Investment Banker is a must. This tell-all chronicles Knee's time at Goldman Sachs and Morgan Stanley, revealing a world that rivals 24 in intrigue and drama."--Fortune "[Knee] captures the glories and agonies of his profession ...Readers will marvel."--The Wall Street Journal "Finally we have someone willing to lift the curtain...With refreshing candor and engaging prose, [this book] takes us inside the world of investment banking."--James B. Stewart, author of Den of Thieves and DisneyWar

Homewreckers - How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered... Homewreckers - How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream (Paperback)
Aaron Glantz
R378 R311 Discovery Miles 3 110 Save R67 (18%) Ships in 7 - 11 working days

"Essential reading." -New York Review of Books In the spirit of Evicted, Bait and Switch, and The Big Short, a shocking, heart-wrenching investigation into America's housing crisis and the modern-day robber barons who are making a fortune off the backs of the disenfranchised working and middle class-among them, Donald Trump and his inner circle. Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: "I sort of hope that happens because then people like me would go in and buy," he said. But our future president wasn't alone. While millions of Americans suffered financial loss, tycoons pounced to heartlessly seize thousands of homes-their profiteering made even easier because, as prize-winning investigative reporter Aaron Glantz reveals in Homewreckers, they often used taxpayer money-and the Obama administration's promise to cover their losses. In Homewreckers, Glantz recounts the transformation of straightforward lending into a morass of slivered and combined mortgage "products" that could be bought and sold, accompanied by a shift in priorities and a loosening of regulations and laws that made it good business to lend money to those who wouldn't be able to repay. Among the men who laughed their way to the bank: Trump cabinet members Steve Mnuchin and Wilbur Ross, Trump pal and confidant Tom Barrack, and billionaire Republican cash cow Steve Schwarzman. Homewreckers also brilliantly weaves together the stories of those most ravaged by the housing crisis. The result is an eye-opening expose of the greed that decimated millions and enriched a gluttonous few.

Money and Inflation - A New Macroeconomic Analysis (Hardcover): Sergio Rossi Money and Inflation - A New Macroeconomic Analysis (Hardcover)
Sergio Rossi
R2,623 Discovery Miles 26 230 Ships in 10 - 15 working days

It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore presented in its place. The book aims to provide the foundations for a new analysis of inflation from a macroeconomic perspective. The role of money is investigated in terms of value, prices, profit, and capital accumulation. The author argues that in order to gain a thorough comprehension of inflation it is necessary to focus on the formation of national income, not on its distribution. Sergio Rossi's new approach proposes a structural reform of modern banking systems, and outlines an original macro-theoretical investigation of measurement problems in price index theory. Despite its elective affinity with the works of Ricardo, Walras and Keynes, the new analysis overturns traditional concepts of money. The discussion elicits a deeper understanding of the conditions underlying today's inflationary pressures and prescribes new solutions to permanently eradicate them. This unique and path-breaking study will be of enormous interest to academics, researchers, and students involved in monetary economics, as well as monetary policy makers, and central bank and international banking officials.

The Moorad Choudhry Anthology - Past, Present and Future Principles of Banking and Finance + Website (Hardcover): Moorad... The Moorad Choudhry Anthology - Past, Present and Future Principles of Banking and Finance + Website (Hardcover)
Moorad Choudhry
R1,852 R1,685 Discovery Miles 16 850 Save R167 (9%) Ships in 10 - 15 working days

The definitive and timeless guide to the principles of banking and finance, addressing and meeting the challenges of competition, strategy, regulation and the digital age. Moorad Choudhry Anthology compiles the best of renowned author Professor Moorad Choudhry's incisive writings on financial markets and bank risk management, together with new material that reflects the legislative changes in the post-crisis world of finance and the impact of digitization and global competition. Covering the developments and principles of banking from the 1950s to today, this unique book outlines the author's recommended best practices in all aspects of bank strategy, governance and risk management, including asset-liability management, liquidity risk management, capital planning, Treasury risk, and corporate framework, and describes a "vision of the future" with respect to a sustainable bank business model. You will gain the insight of a global authority on topics essential to retail, corporate, and investment/wholesale banking, including strategy, risk appetite, funding policies, regulatory requirements, valuation, and much more. The companion website is a goldmine for senior practitioners that provides templates that can applied in virtually any bank, including policy documents, pricing models, committee terms of reference, teaching aids and learning tools including PowerPoint slides and spreadsheet models. These facilitate a deeper understanding of the subject and the requirements of the senior executive, making this book an ideal companion for practitioners, graduate students and professional students alike. The intense demand for knowledge and expertise in asset-liability management, liquidity, and capital management has been driven by the regulatory challenges of Basel III, the European Union s CRDIV, the Volcker Rule, Dodd-Frank Act, and a myriad of other new regulations. This book meets that need by providing you with a complete background and modern insight on every aspect of bank risk management. * Re-engage with timeless principles of finance that apply in every market and which are the drivers of principles of risk management * Learn strategic asset liability management practices that suit today's economic environment * Adopt new best practices for liquidity models and choosing the appropriate liquidity risk management framework * Examine optimum capital and funding model recommendations for corporate, retail, and investment/wholesale banks * Dig deeper into derivatives risk management, balance sheet capital management, funding policy, and more * Apply best-practice corporate governance frameworks that ensure a perpetual and viable robust balance sheet * Adopt strategy formulation principles that reflect the long-term imperative of the banking business In the 21st century more than ever banks need to "re-learn" traditional risk management principles and apply them every day. Every bank in the world needs to be up to speed on these issues, and Anthology from Professor Moorad Choudhry is the answer to this new global policy response.

Bankers and Bolsheviks - International Finance and the Russian Revolution (Hardcover): Hassan Malik Bankers and Bolsheviks - International Finance and the Russian Revolution (Hardcover)
Hassan Malik
R784 R616 Discovery Miles 6 160 Save R168 (21%) Ships in 10 - 15 working days

Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history. Bankers and Bolsheviks tells the dramatic story of this boom and bust, chronicling the forgotten experiences of leading financiers of the age. Shedding critical new light on the decision making of the powerful personalities who acted as the gatekeepers of international finance, Hassan Malik narrates how they channeled foreign capital into Russia in the late nineteenth and early twentieth centuries. While economists have long relied on quantitative analysis to grapple with questions relating to the drivers of cross-border capital flows, Malik adopts a historical approach, drawing on banking and government archives in four countries. The book provides rare insights into the thinking of influential figures in world finance as they sought to navigate one of the most challenging and lucrative markets of the first modern age of globalization. Bankers and Bolsheviks reveals how a complex web of factors-from government interventions to competitive dynamics and cultural influences-drove a large inflow of capital during this tumultuous period in world history. This gripping book demonstrates how the realms of finance and politics-of bankers and Bolsheviks-grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions.

Islamic Banking (Hardcover): Mervyn K. Lewis, Latifa M Algaoud Islamic Banking (Hardcover)
Mervyn K. Lewis, Latifa M Algaoud
R2,540 Discovery Miles 25 400 Ships in 10 - 15 working days

The prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. To Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to maintain its stand. The book explores the intricacies of Islamic law and the religious and ethical principles underpinning Islamic banking. It then considers the analytical basis of Islamic banking and financing in the light of modern theories of financial intermediation, and identifies the conceptual issues to be overcome. Following case studies of the operations of Islamic banks in Bahrain, Bangladesh, Egypt, Jordan, Malaysia and Australia, along with Iran, Pakistan and Sudan, the volume concludes that many of the criticisms of their activities seem misplaced. It argues that the factors governing success are the distinctive system of corporate governance and continued product innovation. The book ends by considering four such innovations - Islamic investment banking and project finance, Islamic insurance, Islamic securities and the formation of a pan-Islamic international financial centre. This pathbreaking volume - the first to consider Islamic banking and finance from a global perspective - will be of great interest to scholars of money and banking, international finance and Middle Eastern studies.

Kleingeldhelden - Wie wir mit wenig Geld viel erreichen konnen (German, Paperback): Marian Kopocz Kleingeldhelden - Wie wir mit wenig Geld viel erreichen konnen (German, Paperback)
Marian Kopocz
R356 Discovery Miles 3 560 Ships in 10 - 15 working days
Basel IV - The Next Generation of Risk Weighted Assets (Hardcover, 2nd Edition): Martin Neisen, Stefan Roth Basel IV - The Next Generation of Risk Weighted Assets (Hardcover, 2nd Edition)
Martin Neisen, Stefan Roth
R1,894 R1,631 Discovery Miles 16 310 Save R263 (14%) Ships in 10 - 15 working days

In December 2017 the Basel committee finalised its work on the reform of the Basel III framework. Together with requirements already published in 2015 and 2016, the Basel committee changes all approaches for the calculation of RWA and the corresponding Pillar III disclosure rules. This package of new standards from the Basel Committee, which is unofficially called "Basel IV", is now the most comprehensive package of modifications in the history of banking supervision. The banking industry will face major challenges in implementing these new rules. The second edition of the "Basel IV" handbook is updated with all publications up to March 2018 and also extensively enhanced with additional details, examples and case studies. The aim is to convince the reader that we are facing a new framework called "Basel IV" and not just a fine adjustment of the existing Basel III regulations. This book covers all new approaches for the calculation of RWA: - the standardised approach (CR-SA) and the IRB approach for credit risk, - the new standardised approach for counterparty credit risk (SA-CCR), - both the standardised approach and internal models approach from the "fundamental review of the trading book" (SBA and IMA) - the basic approach (BA-CVA) and standardised approach (SA-CVA) for the CVA risk, - all new approaches (SEC-IRBA, SEC-ERBA, SEC-SA, IAA) for securitisations (incl. STS), - the approaches for the calculation of RWA for equity positions in investment funds (LTA, MBA, FBA) - the new standardised approach for operational risk (SA-OpRisk) Because of the strong relation to the Pillar I requirements, the second edition covers the topics of interest rate risk in the banking book (IRRBB), large exposures and TLAC again. Additionally, the book contains a detailed description of the Pillar III disclosure requirements. With the aid of a high-profile team of experts from countries all over the globe, the complexity of the topic is reduced, and important support is offered.

Goldman Sachs - The Culture of Success (Paperback): Lisa Endlich Goldman Sachs - The Culture of Success (Paperback)
Lisa Endlich
R373 R350 Discovery Miles 3 500 Save R23 (6%) Ships in 7 - 11 working days

Goldman Sachs, the nation's leading investment firm, with a solid-gold reputation and a first-class list of clients, began as a family business in a lower Manhattan basement in 1869. The secrets behind the remarkable success of Goldman Sachs since then are revealed in unprecedented depth in this fascinating and authoritative narrative history of the firm.

Former Goldman Sachs vice president Lisa Endlich draws on her insider's knowledge and access to all levels of management to bring to life a unique company that has long held its mystique intact. The most stunning accomplishments in modern American finance are explored through the story of how Goldman Sachs reached its summit.

Goldman Sachs: The Culture of Success provides a rare and revealing look inside an institution -- until recently the last private partnership on Wall Street -- and inside the financial world at its highest levels. Included here, in a new chapter, is a first look at the history behind the firm's landmark initial public offering.

The LEI Handbook - Exchange Data's Guide to Financial Codes (Paperback): Ozren Cvjetic The LEI Handbook - Exchange Data's Guide to Financial Codes (Paperback)
Ozren Cvjetic; Edited by Sarah Stewart; Preface by Jonathan Bloch; Foreword by Francis Gross
R1,887 R1,204 Discovery Miles 12 040 Save R683 (36%) Ships in 10 - 15 working days
Research Handbook on State Aid in the Banking Sector (Hardcover): Francois-Charles Laprevote, Joanna Gray, Francesco De Cecco Research Handbook on State Aid in the Banking Sector (Hardcover)
Francois-Charles Laprevote, Joanna Gray, Francesco De Cecco
R6,488 R5,855 Discovery Miles 58 550 Save R633 (10%) Ships in 10 - 15 working days

The global financial crisis that struck Europe has profoundly affected its political, economic and regulatory landscape. This Research Handbook provides an inter-disciplinary view of State interventions in the banking sector, their control under State aid rules since the financial crisis of 2008 and the progressive emergence of a pan-European regulation of banks in distress. Assessing the policy of bank rescues over the past nine years provides a striking summary of European successes and failures and of the continuing tension between integration and fragmentation forces at play within the EU and its single market. This Research Handbook offers insights from law and economics - on the extent to which the EU/EEA State aid regime is able to address adequately the concerns of financial regulation without losing sight of its primary purpose. The contributors include academics, specialists in financial regulation, lawyers, economists and regulators, who have all followed or been directly involved in cases relating to the financial crisis. The Research Handbook on State Aid in the Banking Sector will appeal to advanced students and academics in law and economics, particularly those with an interest in financial institutions, governance and banking.

Regulation of Bank Financial Service Activities, Cases and Materials (Hardcover, 5th Revised edition): Lissa Broome, Jerry... Regulation of Bank Financial Service Activities, Cases and Materials (Hardcover, 5th Revised edition)
Lissa Broome, Jerry Markham
R6,214 R5,581 Discovery Miles 55 810 Save R633 (10%) Ships in 10 - 15 working days

This book has been completely revised and updated, referencing Dodd-Frank and developments after Dodd-Frank. The financial crisis is extensively discussed, including excerpts from the Financial Crisis Inquiry Commission Final Report. The latest in capital requirements is also included. In addition, the book refers frequently to the June 2017 report from the Treasury responding to President Trump's Executive Order of February 3, 2017, setting forth core principles to guide regulation of the U.S. financial system. The new edition of the book contains new sections on the structure of the banking industry (with updated charts and graphs), shadow banking, fintech, Madden v. Midland Funding, TILA-RESPA Integrated Disclosure Rule (TRID), Qualified Mortgages (QM) and Qualified Residential Mortgages (QRM), deposit advance products, alternative payment methods, the latest on bank capital, CFPB enforcement, updated comparative regulation (UK, Germany, Japan, and the EU), a consolidated section on anti-money laundering (AML), sanctions, and tax evasion (Foreign Account Tax Compliance Act, FATCA). The statutory supplement has also been updated and the statutory provisions are cross-referenced to Dodd-Frank sections which amend them.

The Economics of Banking (Paperback, 3rd Edition): Kent Matthews, John Thompson The Economics of Banking (Paperback, 3rd Edition)
Kent Matthews, John Thompson
R1,302 R1,192 Discovery Miles 11 920 Save R110 (8%) Ships in 10 - 15 working days

The Economics of Banking describes and explains the behaviour of banks by examining trends and operations in banking within a mathematically accessible microeconomic framework. This new 3rd edition has been fully revised and updated to reflect the major changes that have taken place in the banking sector and many new topics including new coverage of Islamic banking. This accessible and user-friendly textbook is essential reading for final year undergraduate and postgraduate students taking courses in banking. New to this Edition: * Fully updated including new material on the financial crisis and the many implications for banking * New coverage of Islamic banking * Discussion of microfinance/credit unions is included in chapter 4 * New coverage of the Shadow Banking System * The impact of Basel 3 and the Vickers Report is discussed particularly with regards to the idea of ring fencing * Updated statistics and financial data

Barometer of Fear - An Insider's Account of Rogue Trading and the Greatest Banking Scandal in History (Paperback): Alexis... Barometer of Fear - An Insider's Account of Rogue Trading and the Greatest Banking Scandal in History (Paperback)
Alexis Stenfors
R269 R253 Discovery Miles 2 530 Save R16 (6%) Ships in 10 - 15 working days

The LIBOR affair has been described as the 'biggest banking scandal in history', a deception affecting not only banks but also corporations, pension funds and ordinary people. But was this just the tip of the iceberg? Was the scandal the work of a few 'bad apples' or an inevitable result of a financial system rotten to its core? Labelled 'one of the world's most infamous rogue traders' in the wake of a mis-marking scandal, Alexis Stenfors went on to rebuild his life and now guides us through the shadowy world of modern banking, providing an insider's account of the secret practices - including the manipulation of foreign exchange rates - which have allowed banks to profit from systematic deception. Containing remarkable and often shocking insights derived from his own experiences in the dealing room, as well as his spectacular fall from grace at Merrill Lynch, Barometer of Fear draws back the curtain to a realm that for too long has remained hidden from public view.

The Foundations of Islamic Banking - Theory, Practice and Education (Hardcover): Mohamed Ariff, Munawar Iqbal The Foundations of Islamic Banking - Theory, Practice and Education (Hardcover)
Mohamed Ariff, Munawar Iqbal
R2,749 Discovery Miles 27 490 Ships in 10 - 15 working days

After barely half a century of experience, Islamic banking has become established as a niche industry across the world, offering new and sophisticated financial products designed to be compliant with Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking. Expert contributors - including eminent scholars and senior practitioners in the field - examine the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issues including usury, interest rates, and financial contracting for funding enterprises, mortgages, leasing and other transactions. Regulatory and governance issues are discussed, and the practice and operation of Islamic financial institutions are explained via three distinct case studies. Importantly, the final chapter looks at what steps are being taken to provide professional accreditation to Islamic banking professional personnel, and prescribes requirements for training in this growing industry. This rich and wide-ranging guide to the foundations and fundamental principles of this new form of ethics-based financial practice will prove a fascinating and illuminating read for regulators, practitioners, and scholars in the fields of economics, finance, money and banking.

Dark Matter Credit - The Development of Peer-to-Peer Lending and Banking in France (Hardcover): Philip T. Hoffman, Gilles... Dark Matter Credit - The Development of Peer-to-Peer Lending and Banking in France (Hardcover)
Philip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal
R884 R689 Discovery Miles 6 890 Save R195 (22%) Ships in 10 - 15 working days

How a vast network of shadow credit financed European growth long before the advent of banking Prevailing wisdom dictates that, without banks, countries would be mired in poverty. Yet somehow much of Europe managed to grow rich long before the diffusion of banks. Dark Matter Credit draws on centuries of cleverly collected loan data from France to reveal how credit abounded well before banks opened their doors. This incisive book shows how a vast system of shadow credit enabled nearly a third of French families to borrow in 1740, and by 1840 funded as much mortgage debt as the American banking system of the 1950s. Dark Matter Credit traces how this extensive private network outcompeted banks and thrived prior to World War I-not just in France but in Britain, Germany, and the United States-until killed off by government intervention after 1918. Overturning common assumptions about banks and economic growth, the book paints a revealing picture of an until-now hidden market of thousands of peer-to-peer loans made possible by a network of brokers who matched lenders with borrowers and certified the borrowers' creditworthiness. A major work of scholarship, Dark Matter Credit challenges widespread misperceptions about French economic history, such as the notion that banks proliferated slowly, and the idea that financial innovation was hobbled by French law. By documenting how intermediaries in the shadow credit market devised effective financial instruments, this compelling book provides new insights into how countries can develop and thrive today.

Modern Banking (Paperback): Shelagh Heffernan Modern Banking (Paperback)
Shelagh Heffernan
R1,083 R1,006 Discovery Miles 10 060 Save R77 (7%) Ships in 10 - 15 working days

"Modern Banking" is a sequel to the highly successful "Modern Banking in Theory and Practice," first published in 1996. Over the last decade many aspects of banking have changed considerably, though the key features that distinguish banks from other financial institutions remain. Some might question the need for a book on banking rather than one on financial institutions - while banks remain special and unique to the financial sector, books need to be devoted to them.

"Modern Banking" focuses on the theory and practice of banking, and its prospects in the new millennium. The book is written for courses in banking and finance at Masters/MBA level, or undergraduate degrees specialising in this area. Bank practitioners wishing to deepen and broaden their understanding of banking issues may also be attracted to this book. While they often have exceptional and detailed knowledge of the areas they have worked in, busy bankers may be all too unaware of the key broader issues. Consider the fundamental questions: "What is unique about a bank?" and "What differentiates it from other financial institutions?" Answering these questions begins to show how banks should evolve and adapt - or fail. If bankers know the underlying reasons for "why" profitable banks exist, it will help them to devise strategies for sustained growth.

"Modern Banking" concludes with a set of case studies that give practical insight into the key issues covered in the book: The core banking functions Different types of banks and diversification of bank activities Risk management: issues and techniques Global regulation: Basel 1 and Basel 2. Bank regulation in the UK, US, EU, and Japan Banking in emerging markets Bankfailure and financial crises Competitive issues, from cost efficiency to mergers and acquisitions Case Studies including: Goldman Sachs, Bankers Trust/Deutsche Bank, Sumitomo Mitsui, Bancomer

Critical Junctures in Mobile Capital (Hardcover): Jocelyn Pixley, Helena Flam Critical Junctures in Mobile Capital (Hardcover)
Jocelyn Pixley, Helena Flam
R2,144 R1,989 Discovery Miles 19 890 Save R155 (7%) Ships in 10 - 15 working days

During the recent financial crisis, the conflict between sovereign states and banks over who controls the creation of money was thrown into sharp relief. This collection investigates the relationship between states and banks, arguing that conflicts between the two over control of money produces critical junctures. Drawing on Max Weber's concept of 'mobile capital', the book examines the mobility of capital networks in contexts of funding warfare, global bubbles and dangerous instability disengaged from social-economic activity. It proposes that mobile capital is a primary feature of capitalism and nation states, and furthermore, argues that the perennial, hierarchical struggles between states and global banks is intrinsic to capitalism. Featuring authors writing from an impressively diverse range of academic backgrounds (including sociology, geography, economics and politics), Critical Junctures in Mobile Capital presents a variety of analyses using current or past examples from different countries, federations, and of differing forms of mobile capital.

Managing Risks in the European Periphery Debt Crisis - Lessons from the Trade-off between Economics, Politics and the Financial... Managing Risks in the European Periphery Debt Crisis - Lessons from the Trade-off between Economics, Politics and the Financial Markets (Hardcover)
G. Christodoulakis
R1,400 R1,187 Discovery Miles 11 870 Save R213 (15%) Ships in 10 - 15 working days

The European Periphery Debt Crisis (EPDC) has its roots in the structural characteristics of the individual economies affected. This book offers a full diagnosis of the EPDC, its association to the national and international structural characteristics and a full analysis from a risk management point of view of the available policy options.

Money - The True Story of a Made-Up Thing (Hardcover, Main): Jacob Goldstein Money - The True Story of a Made-Up Thing (Hardcover, Main)
Jacob Goldstein
R415 R331 Discovery Miles 3 310 Save R84 (20%) Ships in 5 - 10 working days

Humans invented money from nothing, so why can't we live without it? And why does no one understand what it really is? In this lively tour through the centuries, Jacob Goldstein charts the story of this paradoxical commodity, exploring where money came from, why it matters and whether bitcoin will still exist in twenty years. Full of interesting stories and quirky facts - from the islanders who used huge stones as a means of exchange to the merits of universal basic income - this is an indispensable handbook for anyone curious about how money came to make the world go round.

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