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###-Book Description Begin-###
by Anthony Saunders Professor (Author), Marcia Millon Cornett (Author), Patricia McGraw Professor (Author)
Paperback: 752 pages
Publisher: McGraw-Hill Ryerson; 5 edition (Feb. 14 2014)
Language: English
ISBN-10: 0071051597
ISBN-13: 978-0071051590
The fifth Canadian edition of this text focuses on managing return and risk in modern financial institutions (FIs). Financial Institutions Management’s central theme is that the risks faced by FI managers and the methods and markets through which these risks are managed are similar whether an institution is a bank or an insurance company. As in any stockholder-owned corporation, the goal of FI managers should always be to maximize the value of the FI. However, pursuit of value maximization does not mean that risk management can be ignored.
