Modern Banking

Modern Banking--------------------------------------------------Modern Banking focuses on the theory and practice of banking, and itsprospects in the new millennium. The book is written for courses inbanking and finance at Masters/MBA level, or undergraduate degreesspecialising in this area. Bank practitioners wishing to deepen andbroaden their understanding of banking issues may also be attractedto this book. While they often have exceptional and detailed knowledgeof the areas they have worked in, busy bankers may be all too unawareof the key broader issues. Consider the fundamental questions: Whatis unique about a bank? and What differentiates it from other financialinstitutions? Answering these questions begins to show how banks shouldevolve and adapt -- or fail. If bankers know the underlying reasonsfor why profitable banks exist, it will help them to devise strategiesfor sustained growth. Modern Banking concludes with a set of case studiesthat give practical insight into the key issues covered in the book:* The core banking functions * Different types of banks and diversificationof bank activities * Risk management: issues and techniques * Globalregulation: Basel 1 and Basel 2. * Bank regulation in the UK, US,EU, and Japan * Banking in emerging markets * Bank failure and financialcrises * Competitive issues, from cost efficiency to mergers and acquisitions* Case Studies including: Goldman Sachs, Bankers Trust/Deutsche Bank,Sumitomo Mitsui, Bancomer--------------------------------------------------Author Biography: Professor Shelagh Heffernan is currently Professorof Banking and Finance at Cass Business School, City University, Londonand has been a visiting Professor at several universities. Modern Bankingis her fourth book. A former Commonwealth Scholar at Oxford University,Professor Heffernan is also a past beneficiary of a Leverhulme TrustResearch Award, which funded new research on competition in banking,and recently received a second award from the Leverhulme Trust. Shepublishes in top academic journals - her paper, 'How do UK InstitutionsReally Price their Banking Products?' (Journal of Banking and Finance)was chosen as one of the top 50 published articles by Emerald ManagementReview. Current research includes: SMEs and banking services, theconversion of mutuals to bank stock firms, monetary policy and passthrough (funded by an ESRC grant), and M&As in banking. Professor Heffernanis an Associate Member of the Higher Education Academy and has receivedtwo Distinguished Teaching and Learning awards.