Banks are a vital and indispensible part of the world's economy. It is imperative that they are managed on a sustainable basis, and in a way that assists global economic development. This book offers a comprehensive account of the essential principles of banking, aimed at senior bankers, regulators, board members and legislators.

Highlights of the book include:

• how to implement consistently successful asset-liability management (ALM) practice, the cornerstone of every bank business model;
• tools and methodology for business best-practice credit and liquidity risk management;
• recommended long-term capital strategy and corporate governance principles.

Adherence to the fundamental principles of banking must lie at the heart of all banking strategy. This means taking responsibility to protect depositor funds and ensure governance discipline.

Written by an experienced banker and finance academic, The Principles of Banking is essential reading for everyone involved in the banking industry.