The Bank Credit Analysis Handbook: A Guide for Analysts, Bankers and Investors (Wiley Finance) - Hardcover

Über die Autorin bzw. den Autor

JONATHAN GOLIN, a graduate of Berkeley and Harvard LawSchool, has more than fifteen years' experience in the financialsector. He worked at the Economist Intelligence Unit and as acredit analyst at Tokai Asia in Hong Kong before joining ThomsonBankWatch Asia in 1997, a specialist rating agency. After BankWatchwas absorbed by Fitch Ratings in 2000, Jonathan wrote the firstedition of The Bank Credit Analysis Handbook (2002).Subsequently, he relocated to London and established his own bankcredit research and training consultancy. Clients includedRabobank, Genworth Financial, Euromoney Training, the AfricanDevelopment Bank, and the Malaysia Deposit Insurance Corporation.More recently, Jonathan was employed by the UK's main bankregulator, the Financial Services Authority (FSA) as a riskspecialist. Other books in which he had a lead role includeCapital Flows Along the Mekong: The Complete Guide toInvesting in Cambodia, Laos, Myanmar, and Vietnam (1995) andCovered Bonds beyond Pfandbriefe: Innovations, Investment andStructured Alternatives (2006).

PHILIPPE DELHAISE, PhD, is the founder of CapitalInformation Services and the Carbon Management Consulting Group. Hewas the President of the Asia Division of Thomson BankWatch, andserved as an adjunct professor of finance at City University ofHong Kong. Philippe Delhaise is a graduate of the University ofLouvain (Belgium), with degrees in engineering, philosophy, andeconomics, and a graduate of the University of Chicago Booth Schoolof Business. He is currently the President of CTRisks Rating, alicensed rating agency in Hong Kong. In 1998, Wiley publishedDelhaise's well-received book on the 1997 banking crisis in Asia:Asia in Crisis: The Implosion of the Banking and FinanceSystems.

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Praise for The Bank Credit Analysis Handbook

“In this second edition, Philippe Delhaise and Jonathan Golin build on their professional experience with Thomson Bank Watch Asia to produce a clear introduction to bank credit risk analysis. As very few books on this topic exist, it is a most welcome publication. The short and transparent chapters are rich on institutional information, building on intuition. It is quite an achievement to analyze bank solvency with no reference to heavy mathematics and statistics. The book covers topics of recent interest such as liquidity risk, sovereign and banking crises, and bank restructuring.”
―Jean Dermine
Professor of Banking and Finance, Chair, INSEAD

“Messrs. Delhaise and Golin have written what must be considered the seminal book on bank credit analysis. Its breadth and scope is reflective of the decades of experience they have in deciphering the core elements of bank credit risk. I found the chapter on country and sovereign risk particularly useful. This book should be considered essential reading for anyone in the field of credit risk analysis.”
― Daniel Wagner
CEO of Country Risk Solutions and author of Managing Country Risk

“This book is an excellent reference for anyone involved in bank risk management. It combines practical tools with case studies. Based on their substantial experience, Golin and Delhaise nicely bridge the gap between theory and practice.”
―André Farber
Professor of Finance, Université Libre de Bruxelles

“Jonathan Golin has done it again. Both he and Philippe Delhaise have taken a very complicated and timely topic and have distilled the subject matter into an easy read that is useful to those directly or indirectly involved with bank credit analysis.”
―Craig Lindsay
Chairman, Hong Kong Securities and Investment Institute

“Messrs. Delhaise and Golin have updated their first edition of this handbook with such a high degree of relevance and insight, on the heels of the 2007–2008 banking crisis, that this reference guide will surely be essential reading for every market participant involved with bank risk analysis. There are few people as qualified to write on this subject as these gentlemen; their experience speaks volumes. Once again, they are to be commended for distilling a complex subject into a practical and useful handbook.”
―Andrew Miller
Management Consultant, Financial Services, Hong Kong

Aus dem Klappentext

From the United States S&L crisis of the '80s and the Asianbanking crisis of the '90s, to the recent HSBC money launderingscandal and the LIBOR rate fixing scheme, it seems that hardly ayear has gone by over the past three decades that the bankingindustry hasn't made sensational headlines.

While the financial services industry generally, and banks inparticular, continue to provide some of the most attractiveinvestment opportunities in today's global markets, financialanalysts, investment managers, and savvy investors of every stripemust be especially diligent when assessing the fitness of bankinginstitutions. This is no easy feat, considering that the world ofbanking has its own conventions and arcane jargon devised, it wouldseem, to serve no other purpose than to confuse outsiders. It isalso important to note that banks don't operate like other types ofcompanies, and investors attempting to make sense of bank incomestatements and balance sheets can easily become confused, or worse,be led dangerously astray.

Coauthored by a Harvard-trained attorney with years ofexperience at the world's leading specialist bank rating agency anda past president of Thomson BankWatch Asia, The Bank CreditAnalysis Handbook, Second Edition is your hands-on guide to thetheory and practice of bank credit analysis and rating.

Clearly, concisely, the authors:

• Demystify banking terms, concepts, principles and practices forall finance professionals
• Walk you, step-by-step, through the analysis of bank financialstatements
• Provide an abundance of charts, graphs, and spreadsheetillustrations
• Explore regional variations, globally, in banking, bankanalysis, and bank ratings
• Describe the roles that bank credit analysts play, as well asthe methodologies they use
• Include international case studies from North America, Asia,and Europe
• Devote an entire chapter to bank equity analysis
• Supply a unique, insider's view of the credit assessment andcredit rating of financial institutions
• Arm you with an understanding of the reality behind publishedfinancial statements
• Offer coverage of the Basel Accords on Capital Adequacy andLiquidity and share their view that a bank could be compliant underthose and other regulations without being creditworthy.

A uniquely practical guide to bank credit analysis as it iscurrently practiced around the world, The Bank Credit AnalysisHandbook is a must-have resource for equity analysts, creditanalysts and bankers, as well as wealth managers and investors.