Moorad Choudhry - The Moorad Choudhry Anthology: Past, Present and Future Principles of Banking and Finance

1. Chapter 1
2. Chapter 2
3. Chapter 3
4. Chapter 4
5. Chapter 5
6. Chapter 6
7. Chapter 7
8. Chapter 8
9. Chapter 9
10. Chapter 10
11. Chapter 11
12. Chapter 12
13. Chapter 13
14. Chapter 14
15. Chapter 15
16. Chapter 16
17. Chapter 17
18. Chapter 18
19. Chapter 19

1. Chapter 1
2. Chapter 2
3. Chapter 3
4. Chapter 4
5. Chapter 5
6. Chapter 6
7. Chapter 8
8. Chapter 9
9. Chapter 10
10. Chapter 11
11. Chapter 12
12. Chapter 13
13. Chapter 14
14. Chapter 15
15. Chapter 16
16. Chapter 17
17. Chapter 18
18. Chapter 19

MOORAD CHOUDHRY

A worthy book for professionals and students alike. Whether you want to refer to a product or a technical formula or learn afresh, the easytoread style of this book from an author who is very deep rooted in everyday banking business promotes great understanding, as well enjoyment from the activities of both generating profit and minimising risks.

Dr Martin Czurda
CEO, Austrian Anadi Bank, Klagenfurt

I wish this book had been around when I did my MBA. It is essential reading for anyone who wants to be both comprehensively and thoughtfully briefed about the banking sector. I particularly appreciated the section on governance, as this is rarely included in such discussions, but is always the dog that doesn't bark when things go wrong. As such, The Moorad Choudhry Anthology should grace the table of every bank boardroom in the world.

Dr Eve Poole
Ashridge Business School

Moorad manages to describe a comprehensive and complex area of banking in a lively and readable language. As a Group Chief Financial & Risk Officer I have had great professional benefit of the description of the role of the Asset & Liability Committee, the risk policy, reporting and stress testing as well as the description of the daytoday management in the risk and treasury departments. It was also rewarding for me to read the final chapters about best practice in capital and funding management and corporate governance, which we should not forget, when we enter into the next period of bull markets. I can highly recommend this book as a handy reference work for anyone who is involved in banking strategy, ALM and liquidity risk management.

Steen Blaafalk
Group Chief Financial & Risk Officer, Saxo Bank A/S, Copenhagen

Not very often does a monograph come along that consolidates a field's existing body of research and practitioners' insights into a comprehensive, accessible bestpractice framework. The Moorad Choudhry Anthology achieves this feat; it builds on his earlier Principles of Banking, widely recognised as the bible in the ALM and bank risk management field. More than that though, Anthology is a fun, fascinating read, benefiting from Professor Choudhry's signature witty and straighttothepoint writing style as well as from his substantial previous academic research and professional experience as banking executive.

Anthology is educational without being prescriptive, encouraging practitioners to pick and mix those elements from a rich analytical toolbox that suit their institutional and market contexts. Given the depth and breadth of its coverage and its clear, methodical organisation, the book is suitable for anyone interested in this fascinating field at the core of modern banking, from the graduate preparing for a job interview to the seasoned professional looking for a comprehensive and detailed exposition of current best practice.

Thomas Kuehn
Director Structured Finance Model Development Team, Fitch Ratings, London

Moorad, you are a great team player and you have the heart that a South American footballer requires!

Juan Carlos Sihuincha
Quantitative Analyst, Banco de Crdito BCP, Lima

Moorad Choudhry Anthology is quite simply, the bible of banking. Anyone who is serious about a career in this industry needs a copy. We eagerly await the next book in the series from the author, who is without doubt a guru in his field.

Julie Ashmore
Speaker and Leadership Coach, Former Head of SME Lending, HSBC, London

The best book I've ever read on banking.

David Riddell
Director, Banking Solutions, Earnix, London

The Moorad Choudhry Anthology is that very rare thing, a textbook that shows the practitioner exactly how to go about achieving business bestpractice in the real world, with templates and policy guidelines that can be applied to virtually any commercial bank. The indepth coverage of capital, liquidity, and governance principles is particularly welcome. A heavyweight benchmark guide that all senior bankers should be thoroughly familiar with.

David Wileman
CEO, King & Shaxson Limited, London

Don't mistake the complexity and detail for a hard read. This book is a thorough anthology, complete in its coverage and with a valuable connection to the real world. It is a timely source of reference, lessons, and understanding and should help ensure that principles' regain their position at the forefront of banking culture.

Steven Fine
Managing Partner, Peel Hunt, London

I read it fully and can say it is one of a kind. A super useful tool for bankers and staff in the capital markets.

Issa Soormally
Deputy Governor, Bank of Mauritius, Port Louis

While working on my MBA master thesis in Finance (corporate banking), I was always reading Professor Choudhry's books as they are more valuable and better structured than most of the books in Finance.

Piotr Lagodzinski
VTB, Frankfurt

This book is an essential guide to banking in practice. The Moorad Choudhry Anthology is a prerequisite to understanding how banking should operate in order to be safe and sound, an imperative in today's postcrisis environment. A truly insightful and really rather fabulous book.

Ruth Wandhfer
Global Banking Regulatory and Industry Expert, and author of Transaction Banking and the Impact of Regulatory Change (2014)

This author never ceases to impress. As with all his books, Professor Choudhry has done an amazing job of concisely and clearly explaining, in a greatly appropriate and complete level of detail, all of the important aspects of banks as institutions, their products, their asset and liability management techniques, liquidity and risk management to name just a few. It is an excellent book and as always with Professor Choudhry's writing style it is very easy to read and understand. I would recommend this for anyone who wants a good, detailed insightful read about the business of banks, their products, and the regulatory and risk management aspects of the business of banking.

Shabnam Mohammad
Managing Director, Khalij Islamic Limited, Dubai

Finance text books generally don't cover bank assetliability management, capital and liquidity in detail. I'm very impressed by this book because the author covers all important aspects of these essential disciplines in banking in a way that even a fresher can understand. Highly recommended.