Financial Institutions Management

The financial services industry continues to undergo dramatic changes. Not only have the boundaries between traditional industry sectors, such as commercial banking and investment banking, broken down, but competition is becoming increasingly global in nature. The fourth Canadian edition of Saunders, Financial Institutions Management: A Risk Management Approach, focuses on managing return and risk in modern financial institutions in these economic times. This edition examines issues of the ongoing sub-prime crisis in the United States and its effect on Canadian financial institutions. Issues related to the global credit crunch are scrutinized comparatively, juxtaposing Canadian market stability against that of the US. As with previous editions, a close inspection of the role of financial institutions in bearing and managing risk on behalf of their customers is at the heart of this text.