The importance of banks to the world's economic system cannot be overstated. The foundation of consistently successful banking practice remains efficient asset-liability management and liquidity risk management.

This book introduces the key concepts of banking, concentrating on the application of robust risk management principles from a practitioner viewpoint, and how to incorporate these principles into bank strategy.

Detailed coverage includes:

• Bank strategy and capital
• Understanding the yield curve
• Principles of asset-liability management
• Effective liquidity risk management
• The role of the bank ALM committee

Written in the author's trademark accessible style, this book is a succinct and focused analysis of the core principles of good banking practice.