Bank Asset and Liability Management: Strategy, Trading, Analysis

Great book for practitioners. I love Choudhry's style and clariy. I prefer it way better over Fabozzi. one can clearly see the difference between someone with industry experience (Chaidhry's case) vs a pure academic approach (Fabozzi). I highly recommend it for anyone dealing with ALCO / Bank Treasury / REPO and ALM functions in general.It's a n excellent reference for technical and senior managers.

This is an extensive book written from the practitioner's viewpoint; consequently, it is a lot more useful than a textbook for those looking for real world applications that they may readily implement in their day-to-day. Additionally, the appendixes constitute a great review of tools and techniques for any fixed-income person. My only caution is that there are some mistakes and/or internal inconsistencies in the examples used, where the data in the formulas does not match the information in the discussion, which can make it frustrating to follow. Additionally, if the reader is not proficient in fixed income math and curve building he/she may not be able to ascertain where the errors are. The book is a good introduction to students, but an even better reference source for experienced operators and fixed income number crunchers. Overall, an excellent reference book for the real world practitioner.P.S. The author has since issue a new revised edition that corrected many of the errors and inconsistencies I mentioned above. The author was graceful enough to establish and exchange of correspondence with me to discuss my comments and more graceful still to send me a copy of the revised book. A class act by any standard!

Excellent.

I didn't like it because it is too basic for risk management. It isn't for professionals RisK managers its for people that doesn't understood anything about finance.

One of numerous books written by Dr. Choudhry that I have in my portfolio, and it serves its purposes: to give me a specific insights into the practical aspects of the ALM concepts and strategic actions. Since I have been working in Academia my whole life, I feel sometimes that my academic knowledge should be supplemented by the practical aspects of the ALM concepts, and that is what this book is on my table all the time. I also strongly encourage the book to my students in the US, bearing in mind that it is written by an author that served as the main treasurer at RBS. Accordingly, this is an excellent opportunity to get in touch with the first-hand experience from a highly-skilled professional, who also know how to write those highly sophisticated concepts in a way that an ordinary person that is not versatile in the filed can also find it useful. In addition, there are many practical case studies and examples that I found very interesting for my students, since it helps in building up their analytical skills and and ALM intuition. To wrap up, good job Dr. Choudhry!

A good handbook, initially recommended to me by a seasoned Treasury Risk Manager. I found it a good starting point for someone starting out in the treasury, and to understand the "under the hood" building components of a treasury.ALCO, Basics of building a Liquidity portfolio, the interaction between the banking layers, and so on have been covered, albeit as a primer and one can build on the knowledge base.This helps anyone getting into the role of supervising the treasury and risk associated. The in CD ROM that accompanies the book is a good resource to start understanding concepts in excel, with a whole chapter allocated to that, I found it very useful. Cubic spline, OAS technique etc are described in the software.A good starter book, I would recommend for the serious Treasury professional at less than 100USD, a good price.

"Bank Asset and Liability Management" builds on the brilliant book "The Bond & Money Market, Strategy, Trading, Analysis" also by Professor Choudhry, by providing even more examples of actual trades and situations. His books are not written to drown people with Mathematics, but actually provide real examples in a clear and concise manner. Both books have a very easy to follow format, though with the Bloomberg Screen shots and CD provided in this book it is probably the one to choose. Every postgrad course on a Banks Treasury function should consider this book as their text, and at the same time, every practitioner should have a copy of this book on their desk .... I can't understand why more books aren't like this .... simple, explanatory and practical!

Great book I recommend for any serious banker

Das Werk ist gut strukturiert und verständlich.Die Fachspezifischen Wörter sind immer erklärt und mit einfachen Beispielen veranschaulicht. es gibt viele Pricing Konzepte, die nicht so gut erklärt sind. einige von den Zahlen sind nicht nachvollziehbar. Manchmal sind sogar kleine Fehler in der Interpretation der theoretischen zusammenhängen zu sehen, die glaube ich eher als versehen passiert sind. Für ein Einsteiger diese können nun irreführend sein. Dafür aber werden viel von praxisrelevanten Bloomberg Screenshots ausführlich diskutiert. Es ist ein praxisorientiertes Buch, das für jedes Level der Entwicklung in diesem Bereich sehr nützlich sein kann, weil auch sehr umfangreich.

Very bad