Even though the concept of asset/liability management for banks has been around for 40+ years, there’s still relatively few books out there that cover the topic. There’s even fewer that cover it without overwhelming you with technical jargon.
One such easier to read book is by long-time industry expert Jim Wilkinson. It’s called “Asset/Liability Management Basics for Community Financial Institutions” and it’s published by FMS.
A better title for the book would be “Interest Rate Risk Basics…” because much of the book focuses on IRR, with less focus on Capital, Asset Quality, and Liquidity risk. That shouldn’t keep you away though.
While the text does throw around the industry buzzwords, it doesn’t make the book unreadable. The author uses somewhat of a no-nonsense style which should keep you from becoming a deer-in-the-headlights.
I highly recommend the book for anyone looking for a reasonably short, understandable guide to A/L management and interest rate risk.
Comments