LEADER 05402nam 22006735 450 001 9910983350203321 005 20250201115257.0 010 $a9783031802058 010 $a3031802055 024 7 $a10.1007/978-3-031-80205-8 035 $a(CKB)37447419600041 035 $a(MiAaPQ)EBC31897091 035 $a(Au-PeEL)EBL31897091 035 $a(OCoLC)1496394530 035 $a(DE-He213)978-3-031-80205-8 035 $a(EXLCZ)9937447419600041 100 $a20250201d2025 u| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aBank Asset-Liability Management $eA Guide to Managing Interest Rate Risk in the Banking Book for Practitioners, Regulators, and Supervisors in the EU /$fby Fidelio Tata 205 $a1st ed. 2025. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Palgrave Macmillan,$d2025. 215 $a1 online resource (203 pages) 311 08$a9783031802041 311 08$a3031802047 327 $aIntroduction -- ALM Techniques -- Bank ALM in Practice -- Case Study: The Collapse of Silicon Valley Bank -- Update on Regulatory and Supervisory Changes to IRRBB -- The Future of ALM. 330 $aFidelio Tata is a senior financial markets professional with some 30 years of leadership experience in derivatives marketing, institutional sales, risk management, and global fixed income research. He is a veteran of top Wall Street firms including JPMorgan, Credit Suisse, HSBC, and Societe Generale. His extensive teaching experience includes serving as a frequent guest speaker at conferences and training central banks in asset-liability management for more than 10 years. He is currently a professor of Finance at the International School of Management in Germany. Previously, he held positions at the Berlin School of Economics and Law in Germany, the University of St. Gallen in Switzerland, the London School of Economics and Political Science in the United Kingdom, New York University's Stern School of Business, and Harvard University in the United States. This book provides a practical and intuitive view of how European banks manage asset-liability mismatch risk from both a practitioner and supervisory perspective. After a prolonged period of zero interest rate policy (ZIRP) by central banks around the world, the period from Q1 2022 to Q2 2023 has seen the largest, fastest, and most widespread increase in interest rates since the 1980s, with 1-year euro yields rising by more than 400 bp. The recent market turmoil has exposed the increased vulnerability of banks, particularly those with significant exposures to long-term, fixed income assets, fueled by shorter-term, less stable funding. This challenging interest rate environment reinforces the strategic importance of asset-liability management (ALM) for banks. Indeed, a bank's survival now depends more than ever on prudent ALM. This book introduces the most common components of interest rate risk management within a bank's asset-liability management framework, including the concepts of economic value of equity (EVE), net interest income (NII), funds transfer pricing (FTP), and the replicating model. In addition to bridging the gap between widely used general interest rate risk management techniques in the fixed income area and what is best practice in European banks, the book also provides an update on recent changes in the regulatory framework for European banks' management of interest rate risk in the banking book (IRRBB), including new EBA guidelines. It also covers the latest developments in interest rate risk management, such as rapidly changing interest rates and modeling bank customers' behavior. ?Risk management is not just a technique, it is an art. The book connects the dots between established theory, current practice, and emerging regulation. The reader becomes both an engineer and an artist of asset liability management.? ?Joachim Wuermeling, former Executive Board Member, Deutsche Bundesbank ?This book skillfully combines established ALM principles with today?s regulatory changes. It provides clear, practical insights into managing interest rate risk, making it an essential resource for both experienced professionals and those new to bank risk management.? ?Pascal Vogt, Partner & Director, Boston Consulting Group. 606 $aFinancial services industry 606 $aFinancial risk management 606 $aCapital market 606 $aEconomics$xPsychological aspects 606 $aFinance$xLaw and legislation 606 $aFinancial Services 606 $aRisk Management 606 $aCapital Markets 606 $aBehavioral Finance 606 $aFinancial Law 615 0$aFinancial services industry. 615 0$aFinancial risk management. 615 0$aCapital market. 615 0$aEconomics$xPsychological aspects. 615 0$aFinance$xLaw and legislation. 615 14$aFinancial Services. 615 24$aRisk Management. 615 24$aCapital Markets. 615 24$aBehavioral Finance. 615 24$aFinancial Law. 676 $a332.10681 700 $aTata$b Fidelio$0793697 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910983350203321 996 $aBank Asset-Liability Management$94316843 997 $aUNINA