Commercial and Investment Banking and the International Credit and Capital Markets: A Guide to the…

Hardcover | September 4, 2012

byBrian Scott-Quinn

not yet rated|write a review
Written by a former practitioner, this book fills a clear gap in the current literature for a practice-focused text that brings together the organizational structure, economics and governance of the finance industry – investment banking, wholesale banking and asset management - with the functions it performs such as mergers and acquisitions, IPOs, private equity, hedge funds, high frequency trading and the structuring of cash and synthetic ETFs and CDOs. It integrates the credit and capital markets by considering securitization as a "conversion" process between the two markets and money market mutual funds as a capital market alternative to bank deposits offered in the credit market. It analyzes the societal value of the industry as well as market and regulatory failure leading to crisis and hence the need for more appropriate governance structures and disciplining and control mechanisms for both banks and sovereign groupings such as the eurozone.

Pricing and Purchase Info

$59.28

In stock online
Ships free on orders over $25

From the Publisher

Written by a former practitioner, this book fills a clear gap in the current literature for a practice-focused text that brings together the organizational structure, economics and governance of the finance industry – investment banking, wholesale banking and asset management - with the functions it performs such as mergers and acquisi...

PROFESSOR BRIAN SCOTT-QUINN is chairman of the ICMA Center for financial markets at Henley Business School, UK, & Director of Banking and Insurance Programs. He worked in the fields of investment banking, trading, asset management, and stock broking prior to founding the ICMA Center as a specialist university finance school. His caree...
Format:HardcoverDimensions:496 pages, 10.02 × 7.68 × 1.42 inPublished:September 4, 2012Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230370470

ISBN - 13:9780230370470

Customer Reviews of Commercial and Investment Banking and the International Credit and Capital Markets: A Guide to the Global Finance Industry and its Governance

Reviews

Extra Content

Table of Contents

Preface
Overview of the Structure of this Book
Table of Contents

SECTION I
Financing the Economy - The Role of Banks, Shadow Banks, Primary and Secondary Capital Markets and the Risk Management of Asset Portfolios
PART I: THE FUNDAMENTALS OF FINANCE, MARKETS AND THE FINANCIAL SERVICES INDUSTRY
The Three Pillars of Finance and Capital Markets
Appendix - Valuation Models
Balance Sheets: The Key to Understanding Financial Intermediation
Financial Intermediation: Industry Sectors, Products and Markets
Financial Intermediation: Commercial and Investment Bank Structure
PART II: PRIMARY MARKETS: FUNDING LIQUIDITY AND CAPITAL ALLOCATION THROUGH CREDIT AND CAPITAL MARKETS
Liquidity: What is it?
Financing Companies, Households and Governments through Credit and Capital Markets
Credit Intermediation: Depository Institutions: Banks
Bank Liquidity Management
Securitization as a Financing Tool
Credit Market Intermediation: Non-Depository Institutions and Markets - The Shadow Banking System
IPOs and Corporate Bond Origination
PART III: SECONDARY MARKETS: MARKET LIQUIDITY AND PRICE SIGNALS FOR CAPITAL ALLOCATION IN THE PRIMARY MARKET
Market Liquidity: Order-driven Auction Markets and Quote-driven Dealer Markets
The New Secondary Market Structure: Competition, Dark Polls, Algorithmic and High Frequency Trading
Clearing and Settlement of Securities Transactions
PART IV: MANAGING ASSET RISK IN INVESTMENT PORTFOLIOS
Investment Management and Portfolio Structuring
Investment Management Practice: Funds - Pension, Insurance, Sovereign Wealth, Long-Only, Hedge, Mutual, Cash and Synthetic ETF's and Delta One Trading Desks, UCITS

SECTION II
Governance and Market Failure: Companies, Banks and Sovereigns - Control, Discipline, Risk Management, Regulation, Strategy and Fiscal Sustainability
PART V: INTERNAL CAPITAL ALLOCATION: THE ROLE OF DIRECTORS, INVESTORS AND THE MARKET FOR CORPORATE CONTROL
The Internal Capital Market & Investor Governance of Capital Allocation
The Market for Corporate Control: Mergers and Acquisitions
Private Equity
PART VI: CAPITAL MARKET FAILURE, FINANCIAL INSTITUTION FAILURE, REGULATORY FAILURE, SOVEREIGN STATE GOVERNANCE FAILURE, SOVEREIGN DEFAULT AND FINANCIAL CRISES
Market Failure: Sub-Optimal Allocation of Resources by Credit and Capital Markets: Financial and Sovereign Debt Crises
Bank Default: Illiquidity, Insolvency, Valuation, Resolution, Sovereign Default: Bailing-in the Private Sector and Collective Action
Case Study: Greece in Default in 2011
Case Study: Italy, Illiquid or Insolvent in 2011
Risk Management in Credit Intermediaries and Investment Banks
Regulation of Banks and Investment Banks: Basel I, II and III
Regulation of Securities Markets
PART VII: THE ROLE OF GOVERNANCE AND STRATEGY IN RESOURCE ALLOCATION, FIRM AND INDUSTRY STRUCTURE: CASE STUDIES IN FINANCIAL SERVICES
Strategy, Governance and Firm and Industry Structure
Case Studies in Financial Services
The Future Structure of the Industry