Erik Banks – Liquidity Risk: Managing Asset and Funding Risks

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Exploring the Essential Features of “Erik Banks – Liquidity Risk: Managing Asset and Funding Risks”

Liquidity Risk
Managing Asset and Funding Risks

Authors: Erik Banks

Part of the book series: Finance and Capital Markets Series (FCMS)

Table of contents (11 chapters)

Front Matter
Pages i-xxii

Elements of Corporate Liquidity
Front Matter
Pages 1-1

Liquidity Risk Defined
Erik Banks
Pages 3-13

Liquidity and Financial Operations
Erik Banks
Pages 14-35

Sources of Liquidity
Erik Banks
Pages 36-59

Liquidity Problems
Front Matter
Pages 61-61

Funding Liquidity Risk
Erik Banks
Pages 63-77

Asset Liquidity Risk
Erik Banks
Pages 78-91

Liquidity Spirals and Financial Distress
Erik Banks
Pages 92-104

Case Studies in Liquidity Mismanagement
Erik Banks
Pages 105-126

Managing Liquidity Risks
Front Matter
Pages 127-127

Measuring Liquidity Risk
Erik Banks
Pages 129-155

Controlling Liquidity Risk
Erik Banks
Pages 156-188

Liquidity Crisis Management
Erik Banks
Pages 189-200

Summary: Toward Active Liquidity Risk Management
Erik Banks
Pages 201-210

Back Matter
Pages 211-230

About this book

Much critical attention has been given in recent years to market and credit risks, which have a significant effect on corporate and financial operations and must be understood and managed with care. While these areas have rightly received considerable scrutiny, another critical dimension of financial risk – based on corporate liquidity – has been largely overlooked. Liquidity risk is the risk of loss arising from an inability to quickly realise asset value or obtain funding and can be damaging if not properly considered or actively managed. Lack of liquidity can lead to large losses in asset/liability portfolios and off balance sheet activities and in extreme cases can trigger financial distress and insolvency. Liquidity Risk is a comprehensive treatment of the topic focusing on the nature of the risk, problems that arise in asset and funding liquidity and mechanisms that can be developed to monitor, measure and control such risks.

About the author

ERIK BANKS has held senior risk management positions at several global financial institutions, including Partner and Chief Risk Officer of Bermuda reinsurer XL Capital’s derivatives subsidiary, and Managing Director of Corporate Risk Management at Merrill Lynch, where he spent 13 years managing credit risk, market risk and risk analytics/technology teams in Tokyo, Hong Kong, London and, latterly, New York. He received early bank training at Citibank and Manufacturers Hanover, and is the author of a dozen books on risk management, emerging markets, derivatives, alternative risk transfer, merchant banking, and electronic finance.

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