By Moorad Choudhry

New Book for Senior Bank Executives Offers Practical and Conceptual Approach to Best-Practice Principles of Modern Banking

‘The Moorad Choudhry Anthology’ re-engages with timeless principles of finance that apply in every market today

In the age of disruption, the rise of digital payments and a new breed of financial services are shaking up the way consumers deal with their banks. As a result, financial services firms have been working hard to take digital transformation seriously. On this response, renowned Professor Moorad Choudhry, author and expert in bank risk management and asset-liability management (ALM) with over 30 years of experience in the banking and finance industry; cautions that banks still need to pay careful attention to their balance sheet management to maintain financial stability in the long term.

Professor Choudhry recognises that banking and financial services are changing, and the nature of customer interaction is now overwhelmingly digital. Moreover, the intense demand for knowledge and expertise in ALM, liquidity, and capital management has been driven by the regulatory challenges of Basel III, the European Union’s CRDIV, the Volcker Rule, Dodd-Frank Act, and myriad other new regulations. Senior bank executives, whose role is to ensure that banks regain their position as a trusted part of society that delivers consistent excellent customer service and value, can now benefit from a complete background and modern insight on every aspect of bank risk management in Professor Choudhry’s new book, The Moorad Choudhry Anthology: Past, Present and Future Principles of Banking and Finance.

The Moorad Choudhry Anthology compiles the best of Professor Choudhry’s incisive writings on financial markets and bank risk management, together with new material that reflects the legislative changes in the post-crisis world of finance and the impact of digitalization and global competition. Covering the developments and principles of banking from the 1950s to today, this unique book outlines the author’s recommended best practices in all aspects of bank strategy, governance and risk management, including asset-liability management, liquidity risk management, capital planning, treasury risk and corporate framework. It addresses the challenges of competition, strategy, regulation and the digital age as it outlines principles of modern banking. This includes the continuing importance of genuine good customer service, ensuring good conduct and treating customer fairly (TCF), and managing the balance sheet effectively to ensure that customer service provision is maintained at high levels.

According to Professor Choudhry, the book is not just a compilation album.

“The book includes a series of brand new and previously unpublished pieces that I consider to be a best-practice guide to both current practice and the shape of things to come,” he said.

Portraying Professor Choudhry’s “vision of the future” with respect to a sustainable bank business model, The Moorad Choudhry Anthology highlights that the most important principle in banking and finance is to simply be prepared to act and have a plan for when the actual result turns out to be different.

Senior bank executives will gain insight of a global authority on topics essential to retail, corporate, and investment/wholesale banking, including strategy, risk appetite, funding policies, regulatory requirements, customer service, valuation, and much more. They will also get access to the book’s companion website, featuring a range of models, policy guides and templates, presentation slides, and model answers.

The Moorad Choudhry Anthology is the latest compilation of timeless banking principles from Professor Moorad Choudhry’s previous books published by Wiley which have remained applicable to the banking industry and relevant to today’s market practitioners. It will be released in April 2018, as will the second edition of one of his previous books, An Introduction to Banking: Principles, Strategy and Risk Management.