Managing Liquidity in Banks : A Top Down Approach Hardback
Due to the current credit crisis, liquidity is at the top of a bank's agenda.
Under severe liquidity stress, a bank is challenged in many ways and on different levels, and simply focusing on liquidity management at the business unit or product level does not address the problem.
Here is a practical reference that details how the whole business can be protected by creating a financial policy and liquidity framework that protects the organization from liquidity risk at all levels with a top-down approach.
The book includes the case of Commerzbank, under stress in late 2002, and shows which measures and actions were successful or not and why.