A worthy book for professionals and students alike. Whether you want to refer to a product or a
technical formula or learn afresh, the easy-to-read 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 appre-
ciated 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 read-
able 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 day-to-day 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 best-practice framework.
The Moorad
Choudhry Anthology
achieves this feat; it builds on his earlier
Principles of Banking
, widely recog-
nised 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 straight-to-the-point
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
Praise for
The Moorad Choudhry Anthology
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 best-practice in the real world, with templates and policy
guidelines that can be applied to virtually any commercial bank. The in-depth 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, com-
plete in its coverage and with a valuable connection to the real world. It is a timely source of refer-
ence, 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 prereq-
uisite to understanding how banking should operate in order to be safe and sound, an imperative in
today’s post-crisis 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 tech-
niques, 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 asset–liability 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.”
—Balamurali Radhakrishnan
FX Strategist, FXWire Pro, Bangalore。