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Finance Rights Guide: Spring/Summer 2014 Accounting & Auditing ........................................................ 5 Frequently Asked Questions in International Standards on Auditing/Collings .............................. 5 Core Auditing Standards for Practitioners, + website/Bagshaw ..................................................... 5 Managing the Transition to IFRS-Based Financial Reporting/Weaver ........................................... 6

Money & Banking................................................................. 6 Rebuilding Trust in Banks: The Role of Leadership and Governance/Zinkin ................................ 6 Breaking Bank$: The Innovators, Rogues, and Strategists who are rebooting Banking/King ..... 7

Financial Engineering ......................................................... 7 The Handbook of Hybrid Securities: Convertible Bonds, CoCo Bonds and Bail-In/De Spiegeleer .............................................................................................................................................................. 7 FX Options and Structured Products, 2e/Wystup ............................................................................. 8 Hedge Fund Modelling and Analysis using MatLab/Darbyshire ...................................................... 8 Commodity Option Pricing: A Practitioner's Guide/Clark ................................................................ 9 Securitization: The Financial Instrument of the Future, + Website/Kothari .................................... 9 Problems and Solutions in Mathematical Finance: Volume I - Stochastic Calculus/Chin .......... 10 A Guide to Asian High Yield Bonds: Financing Growth Enterprises, + Website, 2e/Schmidt..... 10 Funds: Private Equity, Hedge and All Core Structures/Hudson .................................................... 11

Economics .......................................................................... 11 Introductory Mathematics and Statistics for Islamic Finance + Website/Mirakhor ...................... 11 Japanization: What the World Can Learn from Japan's Lost Decades/Pesek ............................. 12

Finance, Investments & Securities .................................. 12 Sharia Governance of Islamic Financial Institutions/Ginena......................................................... 12 CFA level I Exam Companion: The Fitch Learning/Wiley Study guide to getting the most out of the CFA Institute Curriculum/Fitch Learning.................................................................................... 13 The Monetary System: Analysis and New Approaches to Regulation/Serval .............................. 13 Shariah Non-compliance Risk Management and Legal Documentations in Islamic Finance/Lahsasna .............................................................................................................................. 14 Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation/Docherty ................................................................................................................... 14 Trading Economics: A Guide to the Use of Economic Statistics for Traders & Practitioners + Website/Williams ................................................................................................................................ 15 CVA - Credit and Funding Valuation Adjustment/Green ................................................................ 15 Emerging Growth: Macro-Economics, Investment and Strategic Asset Allocation in the Era of the Emerging Markets/Booth ............................................................................................................ 16 The Liquidity Management Guide: From Policy to Pitfalls/Adalsteinsson ..................................... 16 F i n a n c e

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Valuation: The Market Approach/Bernstrom.................................................................................... 17 Managerial Economics/Evans.......................................................................................................... 17 Global Leaders in Islamic Finance: Industry Milestones and Reflections/Alim ........................... 18 ERM - Enterprise Risk Management: Issues and Cases/Louisot ................................................... 18 The Valuation of Financial Companies: Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions/Massari................................................... 19 The Islamic Finance Handbook: A Practitioner’s Guide to the Global Markets/REDmoney ....... 19 The Essays of Warren Buffett: Lessons for Investors and Managers, 4e/Cunningham .............. 20 Due Diligence in China + Website: Beyond the Checklists/Yong ................................................. 20 Getting Started in Advanced Options/Thomsett ............................................................................. 21 Energy Trading and Risk Management: A Practical Approach to Hedging, Trading and Portfolio Diversification/Mack .......................................................................................................... 21 The Mystery of Market Movements: An Archetypal Approach to Investment Forecasting and Modeling/Hageback ........................................................................................................................... 22

Insurance & Risk Management ........................................ 22 Correlation Risk Modeling and Management: An Applied Guide including the Basel III Correlation Framework - With Interactive Models in Excel / VBA, + Website/Meissner .............. 22 Managing Energy Risk: An Integrated View on Power and Other Energy Markets, 2e/Burger ... 23 Risk Management At The Top: A Guide to Risk and its Governance in Financial Institutions/Laycock .......................................................................................................................... 23

Trading ................................................................................ 24 The Power of Japanese Candlestick Charts: Advanced Filtering Techniques for Trading Stocks, Futures and Forex/Tam ....................................................................................................... 24 A Handbook of Technical Analysis: The Practitioner's Comprehensive Guide to Technical Analysis/Lim ...................................................................................................................................... 24 Fixed Income Markets: Management, Trading and Hedging, 2e/Choudhry .................................. 25

Valuation & M&A ................................................................ 25 Private Firm Valuation and M&A: Calculating Value and Estimating Discounts in the New Market Environment/Dodel ............................................................................................................... 25

Autumn/Winter 2013 .......................................................... 26 Accounting & Auditing ...................................................... 26 Understanding Accounting for Financial Instruments under IFRS/Islam ..................................... 26 IFRS Convergence: A Practical Perspective/Ahmed ...................................................................... 26

Corporate Finance ............................................................. 27 The Economics of Commodity Markets/Chevallier ......................................................................... 27 The Valuation of Financial Companies: Tools and Techniques to Measure the Value of Banks, Insurance Companies and other Financial Institutions/Masari ..................................................... 27 Mezzanine Financing: Tools, Applications and Total Performance/Nijs ...................................... 28 F i n a n c e

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Liquidity Management: A Funding Risk Handbook/Soprano ......................................................... 28 Global Portfolio and Client Relationship Management /Hong Kong Institute of Bankers (HKIB) .. 29 Treasury Markets and Operations/Hong Kong Institute of Bankers (HKIB) ..................................... 29 Bank Asset and Liability Management/Hong Kong Institute of Bankers (HKIB).............................. 30 Strategic Management from an Islamic Perspective: Text and Cases/Fontaine .......................... 30

Finance & Investments...................................................... 31 Angela Merkel: A Chancellorship Forged in Crisis/Crawford ........................................................ 31 Property Finance: An International Approach + Website/Morri ..................................................... 31 Profiting from Hedge Funds: Winning Strategies for the Little Guy/Vincent................................ 32 The Road to Recovery: How and Why Economic Policy Must Change/Smithers ........................ 32 NeuroInvesting: Build a New Investing Brain/Chen ....................................................................... 33 Operational Risk Management/Hong Kong Institute of Bankers (HKIB) .......................................... 33 Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East/Wahyudi ..................................................................................................................................... 34 Business Strategy in Private Wealth Management/Hong Kong Institute of Bankers (HKIB) .......... 34 Investing In Islamic Funds: A Practitioner's Perspective/Kamso.................................................. 35 Islamic Finance: The New Regulatory Challenge/Karim ................................................................ 35 Islamic Capital Markets: A Comparative Approach/Bacha ............................................................ 36 Pricing and Hedging Financial Derivatives and Structured Products: An Introductory Guide/Marroni..................................................................................................................................... 36 Value Investing in Growth Companies: How To Spot High Growth Businesses and Generate 40% to 400% Investment Returns/Ang ............................................................................................ 37 Taming the Money Sharks: 8 Super-Easy Stock Investment Maxims/Cheng............................... 37 Introduction to Private Equity: Venture, Growth, LBO and Turn-Around Capital, 2e/Demaria ... 38 Strategic Risk Management: A Practical Guide to Portfolio Risk Management/Iverson ............. 38

Financial Engineering ....................................................... 39 Measuring and Managing Liquidity Risk/Castagna ........................................................................ 39 Handbook of Multi-Commodity Markets and Products: Structuring, trading and risk management/Roncoroni .................................................................................................................... 39 Modern Interest Rate Markets and Models: Multiple Curves, Collateral, Funding and Credit/Bianchetti ................................................................................................................................. 40

Personal Finance ............................................................... 40 Family Wealth Management: Seven Imperatives for Successful Investing in the New World Order/Daniell ...................................................................................................................................... 40 Investing in Your Life: Your Biggest Investment Opportunities are Not Necessarily Financial/Pollard ................................................................................................................................ 41 Think Like the Great Investors: Make Better Decisions and Raise Your Investing to a New Level/Nicholson .................................................................................................................................. 41 How to Make Money While you Sleep!: A 7-Step Plan for Starting Your Own Profitable Online Business/McFall ................................................................................................................................ 42

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The One Page Financial Plan: Everything You Need to Successfully Manage Your Money and Invest for Wealth Creation/Henderson ............................................................................................. 42 Get Rich Slow: Start Now, Start Small to Achieve Real Wealth/Riegelhuth .................................. 43

Trading ................................................................................ 43 The Trader's Guide to the Euro Area: Economic Indicators, the ECB and the Euro Crisis/Powell ............................................................................................................................................................ 43 Breakout: Achieving Trading Confidence, Discipline and Results/Ward ..................................... 44 Charting Secrets: Trade Like a Machine and Finally Beat the Markets Using These Bulletproof Strategies/Bedford ............................................................................................................................. 44 Futures Made Simple/Butcher........................................................................................................... 45

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Accounting & Auditing

Core Auditing Standards for Practitioners, + website

Frequently Asked Questions in International Standards on Auditing

Katharine Bagshaw, John Selwood 978-1-118-70711-1 / 1-118-70711-7 240 pp. Pub: 28/04/14 Auditing

Steven Collings

The only book on the market specifically designed to give practicing auditors the key information they need to keep ahead.

978-1-118-76541-8 / 1-118-76541-9 400 pp. Pub: 02/05/14 Auditing

This comprehensive, practical, and theoretical guide covers the key ISAs that underpin audit methodologies and the recently revised ISAs that cause practitioners the most concern. It is designed to enhance auditors' understanding of critical ISAs, reducing their dependence on methodologies to mediate and explain ISA requirements. Using plenty of examples, the book helps audit staff learn to tailor audit methodologies and remove redundancies, as well as form high-quality judgments with a thorough grounding in ISA to serve in discussions with file reviewers and audit inspectors.

A handy, concise and easy-to-navigate guide to applying the International Standards on Auditing in practice. • Comprehensive, jargon-free and succinct, it gets to the heart of the issues whilst doing away with unnecessary complexity. • Practical demonstrating the application of the standards through the use of worked examples. • Auditors are obliged to comply with the standards, but they can be difficult to interpret. Mistakes can be very costly.

• Features practical examples that appeal to auditors with technical responsibilities.

Suitable for Audit Firms, Auditors, Accountants, Students and Lecturers accounting and auditing. Also for Lawyers/Forensic Accountants who may need to review negligently prepared financial statements.

• Covers key topics such as smaller audits, management override of controls, documenting judgments, and dealing with accounting estimates and written presentations. • Ideal for practitioners in companies and accounting firms, as well as auditing students.

Steven Collings is the Audit & Technical Partner at Leavitt Walmsley Associates, a firm of Chartered Certified Accountants based in Manchester. He writes extensively on technical matters on, and is a partner in the student website, He is also a freelance lecturer to student accountants and to qualified AAT members on financial reporting and auditing issues. Steve is a member of the Wiley Insights: IFRS Editorial Board.

• Includes access to a companion website with constantly updating ISAs and case studies. Aimed at experienced Practitioners in companies and accounting firms of all sizes including part-qualified staff, as well as Students and new entrants to auditing who seek guidance on the really key elements of the ISAs. Katharine Bagshaw has 20 years of experience as a technical specialist in ISAs and wrote some of the first UK training materials on ISAs in the mid-1990s. Since 2000, Katharine has worked for ICAEW's Audit and Assurance Faculty with responsibility for ICAEW's extensive ISA Implementation program. She is currently Secretary to its ISA Implementation group and to ICAEW's PCAOB Panel. She is also Technical Adviser to a UK representative on IFAC's SMP Committee and has written numerous articles for the professional press. John Selwood is a Chartered Accountant and independent training consultant, who lectures for major accountancy practices, professional bodies, training companies and publishers. He speaks on money laundering, company law, auditing and financial reporting and is a well-known face on the lecture circuit. He writes regularly for Audit & Beyond.

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Managing the Transition to Money & Banking IFRS-Based Financial Rebuilding Trust in Banks: Reporting The Role of Leadership and Lisa Weaver Governance 978-1-118-64374-7 / 1-118-64374-7 400 pp. Pub: 06/06/14 International Accounting

John Zinkin 978-1-118-55038-0 / 1-118-55038-2 320 pp. Pub: 24/01/14 Business Ethics

The complete guide to managing the IFRS transition project, covering its impact on accounting and nonaccounting functions.

Since 2008, the global finance industry has staggered from one scandal to another. With no end in sight, there is a public outcry for some form of ethical principled leadership in line with standards expected in any other business sector. In this timely book, author John Zinkin outlines the core principles and strategies required to restore the credibility of the global finance industry.

• Only book on the market to cover both the accounting and non-accounting implications of the transition to IFRS. • Contains project management advice and case studies of companies who have already managed the transition. • Written by an experienced training provider; presents must-have content in an accessible and easily understandable manner.

Since 2008, the global financial industry has lurched from crisis to crisis, calamity to calamity, resulting in an epic loss of public trust in banking and financial institutions. Rebuilding Trust in Banks argues that this series of disasters have usually been the result of failures of leadership and governance, combined with unenforced systems of checks and balances. Often, leaders lose their way, believing their own hype and buying into their own propaganda. The more successful these leaders are initially the greater their self-confidence grows along with the certainty that they're right. The result is a dangerous hubris with no countervailing power to stop or change reckless, unethical, or self-interested strategies. This book offers a solution, with useful benchmarks for corporate governance and a global perspective.

Suitable for Senior Finance Managers, Financial Controllers and Directors, Audit Committee members, Auditors, External Advisors, Students, Lecturers, NonFinancial Managers and Board Members, Analysts, Providers of Finance and Shareholders. Lisa Weaver has 20 years experience in audit and financial reporting, is professionally qualified and has trained finance professionals and non-finance personnel since 1995. Lisa specialises in designing and delivering courses and writing technical learning material on a range of topics related to financial accounting and audit. Topics covered range from basic understanding of accounts and bookkeeping courses to advanced courses on specialist topics, such as the application of International Financial Reporting Standards (IFRS). She also covers financial analysis, internal and external audit, corporate governance, and business ethics. Lisa has worked for both BPP and Kaplan. More recently Lisa has developed a number of e-learning courses and moved into academia, becoming a Senior Lecturer at Aston Business School.

• Features effective best practices for ensuring good corporate governance and responsible leadership in banking and finance. Intended for members of the C-suite or Board Members of banks and insurance companies, anyone passionate about creating sustainable business value in the financial services industry. Also for Regulators of the financial services industry, Advisers to banks (Auditors, Lawyers, Brokers), Commentators on the industry, MBA Students and Academics. John Zinkin is Managing Director of Zinkin Ettinger Sdn Bhd and faculty member of the Iclif Leadership and Governance Centre, Malaysia, specialising in training boards in Ethics and Governance. He was previously Managing Director of Corporate Governance at the Iclif Leadership and Governance Centre.

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Breaking Bank$: The Innovators, Rogues, and Strategists who are rebooting Banking

Financial Engineering The Handbook of Hybrid Securities: Convertible Bonds, CoCo Bonds and Bail-In

Brett King 978-1-118-90014-7 / 1-118-90014-6 320 pp. Pub: 12/05/14 Money & Banking

Jan De Spiegeleer, Wim Schoutens, Cynthia Van Hulle 978-1-118-44999-8 / 1-118-44999-1 424 pp. Pub: 28/03/14 Financial Engineering

Best-selling author and financial innovator Brett King interviews the new wave of strategists who are shaking up the banking industry. The interviews range across a broad spectrum of specialties, from credit and retail to engagement and payments.

This topical book provides a practical and quantitative insight into the world of Hybrids. To an equity trader they are shares. For the trader at the fixed income desk, they are bonds (after all, they pay coupons, so what's the problem?). They are hybrid securities. Neither equity nor debt, they possess characteristics of both, and carry unique risks that cannot be ignored, but are often woefully misunderstood. The first and only book of its kind, The Handbook of Hybrid Securities dispels the many myths and misconceptions about hybrid securities and arms you with a quantitative, practical approach to dealing with them from a valuation and risk management point of view. • Describes a unique, quantitative approach to hybrid valuation and risk management that uses new structural and multi-factor models. • Provides strategies for the full range of hybrid asset classes, including convertible bonds, preferreds, trust preferreds, contingent convertibles, bonds labeled "additional Tier 1," and more. • Offers an expert review of the current regulatory climate regarding hybrids, globally, and explores likely political developments and their potential impact on the hybrid market.

• These include Eric Mattson (Finovate), Michael Garrity and Casper Wong (Communitylend), Jason Gordo (Flexscore), Ido Ophir (Personetics), Kasey Byrne (Cardlytics), Serge Milman (Optirate), Ron Shevlin (Snarketing 2.0), James Moed (IDEO), Bruce Cahan (Good Bank), David Wolman (End of Money), American Banker journalist Marc Hochstein, Rom Shevlin (Aite Group), Kevin Travis (Managing Director of Novantas), Jerry Cannin (Financial Services for Google), Frank Eliason (Citigroup), Dan Schatt (former PayPal) and more. This book is for Financial Executives, Venture Capitalists, Industry Analysts, Bloggers, and Fintech Entrepreneurs excited to see the future of fintech. They come from companies like ANZ, Arbor Partners Asia, Bangkok Bank, Celent, Citibank, Citi Ventures, Gartner, Hitachi, IDA, IDC Financial Insights, ING, INSEAD, MasterCard, MayBank, Microsoft, OCBC Bank, Oliver Wyman, PayPal, Standard Chartered, SWIFT/Innotribe, Sybase, Thomson Reuters, UBank, UBS, UOB and Visa to name just a few. Brett King is a bestselling author and the founder/CEO of the breakout new retail banking concept, Movenbank, a mobile money service that helps you spend, save, and live smarter. Voted as American Banker's Top Innovator of the Year in 2012, King initially achieved recognition for his bestselling book BANK 2.0, which received widespread industry acclaim and topped category lists in the UK, USA, Germany, Japan, Canada, France, Russia and Asia. He is widely considered the foremost global expert on retail banking innovation today. King has recently been featured as an industry commentator on CNBC, Bloomberg, Financial Times, The Economist, ABA Journal, Bank Technology News, The Asian Banker Journal, The Banker Magazine, and many more. He contributes regularly as a blogger on Huffington Post.

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The most up-to-date, in-depth book on the subject, this is a valuable working resource for traders, analysts and risk managers, and an indispensable reference for regulators. Wim Schoutens, research professor, financial engineering, Department of Mathematics, Catholic University of Leuven, Belgium and is Managing Editor of the International Journal of Theoretical and Applied Finance and Associate Editor of Mathematical Finance, Quantitative Finance and Review of Derivatives Research. Jan De Spiegeleer is head of risk management at Jabre Capital Partners, a Geneva-based hedge fund. Cynthia Van Hulle is a full professor of Finance at the Department of Accounting, Finance and Insurance of the Faculty of Economics and Business at the Catholic University of Leuven. 7


FX Options and Structured Products, 2e

Hedge Fund Modelling and Analysis using MatLab

Uwe Wystup

Paul Darbyshire

978-1-118-47106-7 / 1-118-47106-7 352 pp. Pub: 25/07/14 Financial Engineering

978-1-119-96737-8 / 1-119-96737-6 208 pp. Pub: 06/06/14 Financial Engineering

A fully updated second edition explaining the most popular products and strategies, with practical applications and real life traded deals - giving the reader new insights into the FX Options markets post crisis.

One of a kind guide to quantitative analysis and modelling of hedge funds using C++. Written for fund managers and analysts, as well as asset managers and both institutional and individual investors, this book outlines a practical, case-driven approach to measuring the risk/return profiles of hedge funds using the latest modelling techniques. The authors provide many realworld examples and exercises, while exploring potential pitfalls associated with hedge fund analysis and modelling hedge funds in C++. Written for non-techies, the book provides a brief, accessible introduction to object-oriented programming, along with step-by-step guidance on the basics of quantitative modelling in C++. • Covers all the major data vendors, exploring their information sources and the limitations and pitfalls that must be taken into consideration when interpreting and using such data. • Explains how to manipulate data stored in a database management system using programming protocols. • Describes how to use stored data to build quantitative hedge fund strategies and algorithmic trading systems. • Shows how to interface C++ and Excel and exploit Excel functionalities in both C++ algorithm development and GUI design. • The Companion Website features all the source code, working examples and exercises contained in the book. • The only guide to using C++ to analyse and model hedge fund risks and returns. • Accompanying website containing all the code used throughout the book and other resources.

Since 2008 there has been very rapid growth in the number of corporations, investors and financial institutions worldwide turning to structured products to achieve cost savings, risk controls and yield enhancements. Pitched to the needs of finance professionals for up-to-date practical information about FX options and structured products, this guide provides a comprehensive look at the most popular FX options products and trading strategies. Focusing on everything beyond vanilla options, author Uwe Wystup covers all the bases, including quotation conventions, seagulls, shark forwards, bid-ask spreads, settlement, fixings, hedging accumulators, unwinding FX-linked swaps and deposits, pricing first-generation exotics, and more. • Uses interviews and descriptions of real-life deals throughout to demonstrate how FX products are applied in day-to-day situations. • An excellent introduction to the quantitative fundamentals of FX products for structurers and sales reps. • The ideal guide for quants and traders seeking to learn the structuring view and client perspective. • An indispensable resource for newcomers to the market to FX particularities, jargon and trading strategies. • Explains all the FX options, common structures and tailor-made solutions in examples. • Contains updated and real-life traded deals with background stories explaining why the structures have been traded and the products applied in different situations to provide alternative solutions to client problems.

Paul Darbyshire is a consultant, trainer and Associate Professor at EDHEC Business School in Nice where he teaches a range of financial modelling courses in Excel, VBA and C++. Over the past several years Paul has been responsible for the analysis and design of cutting-edge algorithms in the development of behavioural finance models at the University of Oxford. David Hampton is currently the Chief Investment Officer for Alis Capital Management in Paris.

Treasurers, Traders, Structurers, Product Developers, Quants with an interest in the FX product line. Software vendors. Asset Managers. Students and Faculty of financial engineering programs. Uwe Wystup is CEO of, a global network of quants specialising in modeling and implementing Foreign Exchange Exotics. He has also published articles in Finance and Stochastics, the Journal of Derivatives, Review of Derivatives Research, Quantitative Finance, the Annals of Finance, Wilmott Magazine and Derivatives Week. F i n a n c e

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Hedge Fund Modelling and Analysis Using Excel and VBA – Licensed: Simplified Chinese.



Commodity Option Pricing: Securitization: The A Practitioner's Guide Financial Instrument of the Future, + Website Iain Clark Vinod Kothari

978-1-119-94451-5 / 1-119-94451-1 328 pp. Pub: 11/04/14 Financial Engineering

978-1-118-79863-8 / 1-118-79863-5 900 pp. Pub: 01/07/14 Financial Engineering

An accessible but thorough practitioner's guide to tackling the practical challenges of quantitative analysis for the commodities markets.

The new edition of this popular book by leading finance author Vinod Kothari covers the recent regulatory changes and their implications for the global securities markets.

• Commodity markets have experienced a notable surge of popularity in the wake of the credit crunch and renewed investor appetite for tangible, physical assets.

An updated exploration of the nuances of securitisation in the global business market.

• Provides a mathematical discussion of modelling, calibration and implementation issues in a practice oriented context.

Synthetic securitisation and structured products have revolutionised the financial industry and changed the way banks, institutional investors, and securities traders do business both domestically and globally. However, these complex structures are often misunderstood and easy to mishandle. This book uses global case studies to explain how they work and how best to capitalise on them.

• The author has over 12 years’ experience in quantitative finance, and is a regular speaker on both FX and commodity derivatives and modelling topics. Quantitative Analysts, Structurers, Traders, Quantitative Risk Managers.

Since the subprime economic crisis began in 2008, much has changed in the way securitisation transactions operate. Highly leveraged products have become less popular as investors search for safer, simpler options while regulators the world over have increased regulation over securitisation transactions. This new edition of Securitization has been completely updated to reflect these changes, offering an up-to-the-minute look at the current state of securitisation.

Dr. Iain J. Clark is Head of FX and Commodities Quantitative Analysis at the London office of Standard Bank. He has over 12 years experience as a front office quant, having previously worked at JP Morgan, BNP Paribas, Lehman Brothers and Dresdner Kleinwort, specialising in the practical application of techniques from applied mathematics, physics, and statistics to financial modelling. His work covers the full life cycle of model development, from requirements analysis and theoretical investigation through to practical software delivery using numerical analysis and optimisation for model calibration, and technologies such as C++ and Excel on the IT side. He holds a PhD in applied mathematics, an MSc in financial mathematics and a Graduate Diploma in statistics.

• Updated to reflect the latest regulatory and accounting changes. • Includes an accompanying website with access to Excel spreadsheets for cash-flow models and other resources. • Features international case studies from European, South American, and Asian transactions, making this book useful for a global audience. For anyone who wants to understand how securitisation works and how best to utilise it, Securitization offers comprehensive, up-to-date coverage of these complex transactions. Investment Banks, Banks, Companies, Universities, Students, Financial Researchers, Mortgage Lenders, etc. Vinod Kothari is internationally recognised as an author, trainer and expert on specialised areas in finance, including securitisation, asset-based finance, credit derivatives, accounting for derivatives and financial instruments, housing finance, etc.

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Problems and Solutions in Mathematical Finance: Volume I - Stochastic Calculus

A Guide to Asian High Yield Bonds: Financing Growth Enterprises, + Website, 2e

Eric Chin, Sverrir Olafsson, Dian Nel

978-1-118-50202-0 / 1-118-50202-7 496 pp. Pub: 24/01/14 Financial Products

Florian H. A. Schmidt, Sharon Tay

978-1-119-96583-1 / 1-119-96583-7 392 pp. Pub: 21/02/14 Financial Products

This guide to the Asian high yield market will serve as a completely revised, updated and rewritten edition of the comprehensive reference work published in 2008. Since the first edition was published the market has grown and changed significantly in line with the expansion of the region's economies, the emergence of new issuers and investors and ongoing flows of portfolio money into Asia.

An innovative reference for quantitative minded practitioners illustrating exactly how to work through commonly found mathematical problems in the finance industry - Volume I of IV. An increasingly popular field of study at universities and an essential skill for investment bank employees, mathematical finance has changed dramatically in recent years, but its roots remain in stochastic calculus. Problems and Solutions in Mathematical Finance: Volume 1. This book provides a comprehensive explanation of stochastic calculus and probability theory focusing on their relationship with mathematical finance. Quantitative analysts Dr. Eric Chin, Dian Nel and Professor Sverrir Olafsson portray stochastic calculus' role in generating partial differentiation equations for pricing options and constructing probability measures in conjunction with martingale theory. Mathematical and computational finance rely on computational intelligence, numerical methods, and computer simulations to make trading, hedging, and investment decisions, to determine the risk of those decisions, and to define price derivatives.

Beginning with a general definition of high-yield bond products and where they reside within the corporate capital structure, this newly updated guide looks at the development of high-yield bonds in the United States and Europe before analysing this sector in Asia. It covers issuer countries and industries, ratings, and size distributions, and also covers the diversification of the high-yield issuer universe. It includes a thorough technical analysis of highyield bond structures commonly employed in Asian transactions, including discussion of the respective covenants and security packages that vary widely across the region. Chapters and sections new to this edition cover such subjects as high-yield bond restructuring, the new high-yield "Dim Sum" market, and the high-yield placement market shutdown of 2008 -- 2009. Finally, the book looks at the new characteristics of Asian economies for indicators on how the high-yield market will develop there are the near future. • Offers an extremely detailed analysis of Asia's high-yield bond market. • Features new and updated material, including new coverage of the key differences between Asian structures and United States structures.

• Includes chapter-by-chapter introduction of the fundamental tenets, essential definitions, and detailed explanations needed to solve financial problems. • Offers advice from experts in price testing methodologies, model calibration, energy markets, hedging in incomplete markets, and risk management. This book functions as either an independent information text or a study supplement for Students and Practitioners eager to recover the basics of mathematical finance. Quantitative Analysts, both experienced and those new to the industry, front office Risk Managers and Traders, final year Students.

Ideal for CFOs of companies contemplating high-yield issuance, as well as investment bankers, bank credit analysts, portfolio managers, and institutional investors. Florian Schmidt is Managing Director and Head of Debt Capital Markets - Asia with ING, based in Singapore. He originated and executed a large number of bond issues across the region, including some of Asia's award-winning and landmark high yield bond offerings. He conducts Euromoney training courses on Asia's high yield bond market. Sharon Tay is Vice President in ING's Asian Debt Capital Markets team, based in Singapore.

Dr. Eric Chin is a quantitative analyst at Standard Chartered Bank. Dian Nel is a quantitative analyst currently working for Norwegian Energy. Dr. Sverrir Olafsson is a professor in the School of Business at the University of Reykjavik, Iceland and a visiting professor in the Department of Electrical Engineering and Computer Science at Queen Mary University of London.

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Funds: Private Equity, Hedge and All Core Structures

Economics Introductory Mathematics and Statistics for Islamic Finance + Website

Matthew Hudson 978-1-118-79040-3 / 1-118-79040-5 376 pp. Pub: 28/02/14 Financial Products

Abbas Mirakhor, Noureddine Krichene 978-1-118-77969-9 / 1-118-77969-X 256 pp. Pub: 28/07/14 General & Introductory Economics

The only text that describes all of the most common fund structures, Funds compares them from a structural, regulatory and tax perspective bringing together their relative themes and objectives.

A useful primer on mathematics and statistical analysis for Islamic Finance by Wiley's leading experts on the subject.

Investment funds are the driving force behind much global private economic development, and yet the world of investment funds can be complex and confusing. This book is a practical introductory guide to the legal and commercial context in which funds are raised, with examinations of the tax and regulatory background, and an analysis of the key themes and trends that the funds industry face following the financial crisis. The book looks at asset classes, investor return models, the commercial and legal pressures driving different structures and key global jurisdictions for both fund establishment and making investments. It also contains a comprehensive analysis of fund managers, from remuneration, best practice through to regulation.

• Currently there is no textbook that deals with quantitative methods in finance. The book will provide those who have no or little knowledge of mathematics, probability theory, and statistics and are thus not equipped fully to understand published theoretical and applied works in Islamic finance, with a working knowledge to do so. • Examples from Islamic finance will be introduced appropriate to each chapter material after the mathematics concept have been covered. • Authors are acknowledged Islamic Finance experts. They regularly appear as keynote speakers at the global Islamic Finance conferences; are interviewed extensively in both TV and print; and contribute regularly to Islamic Finance journals and newsletters.

• There is no other book which gives an outline of all of the most common fund structures and compares and contrasts them from a structural, regulatory and tax perspective.

For Students and Teachers of Islamic Finance, as well as interested readers, Students in Finance, Banks, Central Banks, and Ministries of Finance.

• Website delivers more in-depth content and updates on regulation.

Abbas Mirakhor is currently The First Holder of the Chair of Islamic Finance at the International Center for Education in Islamic Finance (INCEIF). He has served as the Dean of the Executive Board of the International Monetary Fund (IMF) from 1997-2008, and as the Executive Director representing Afghanistan, Algeria, Ghana, Iran, Morocco, Pakistan, and Tunisia from 1990-2008. He has authored numerous publications and research papers on Islamic Finance; among them are Introduction to Islamic Finance (Wiley, 2011), Risk Sharing in Islamic Finance (Wiley, 2011), and The Stability of Islamic Finance (Wiley, 2010). Dr. Noureddine Krichene received his PhD in Economics from University of California, Los Angeles in 1980. He taught Islamic finance at the Global University, INCEIF, Malaysia. He was an Economist with the International Monetary Fund Economist from 1986 to 2009. From 2005 to 2007, he was Advisor at the Islamic Development Bank in Saudi Arabia. His areas of expertise are in the international payments system, macroeconomic policies, finance, and energy and water economics.

For Private Equity Houses Director / Fund Manager, Associates and Analysts, CFO, COO, In-house Legal Counsel, Accountants / Financial Controller, Investor Relations / Marketing; Institutional Investors / LPs; Hedge Fund Managers; Real Estate / Infrastructure Managers; Lending Banks Investment Banks Placement Agents; Regulatory Consultants; Fund Administrators; Accountants; Lawyers \ Students looking to move into a career in the fund industry MBA, Law degree, Accounting / Finance degree. Matthew Hudson is an entrepreneurial lawyer with over 25 years of Private Equity experience, both as a lawyer and as an investor. Matthew is a well-known industry figure and regularly speaks on new developments concerning the Private Equity industry.

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Japanization: What the World Can Learn from Japan's Lost Decades

Finance, Investments & Securities Sharia Governance of Islamic Financial Institutions

William Pesek 978-1-118-78069-5 / 1-118-78069-8 256 pp. Pub: 24/04/14 General & Introductory Economics

Karim Ginena, Azhar Hamid

In Japanization, Bloomberg columnist William Pesek-based in Tokyo--presents a detailed look at Japan's continuing twenty-year economic slow-down, the political and economic reasons behind it, and the policies it could and should undertake to return to growth and influence. Despite new Prime Minister Shinzo Abe's promise of economic revitalisation, investor optimism about the future, and plenty of potential, Japanization reveals why things are unlikely to change any time soon.

978-1-118-46077-1 / 1-118-46077-4 224 pp. Pub: 15/08/14 General Finance & Investments

Pesek argues that "Abenomics," as the new policies are popularly referred to, is nothing more than a dressed-up version of the same old fiscal and monetary policies that have left Japan with crippling debt, interest rates at zero, and constant deflation. He explores the ten forces that are stunting Japan's growth and offers prescriptions for fixing each one.

• Combines theory with practical application, making it an essential reference for everyone from regulators to company directors and auditors

Combines the theory of Sharia Governance with practical advice on how to create a strong and effective Sharia Governance framework, and offers a range of practical tools through an accompanying website.

• Offers a skeptical counterpoint to the popular rosy narrative on the economic outlook for Japan.

• Written within the context of the guiding principles on Sharia governance systems, issued by the Islamic Financial Services Board in 2009, and the Governance Framework for Islamic Financial Institutions issued by Bank Negara Malaysia in 2010, which became mandatory in 2011.

• Gives investors practical and detailed insight on the real condition of Japan's economy.

• Accompanying website provides the reader with a comprehensive selection of practical tools.

• Reveals ten factors stunting Japan's growth and why they are unlikely to be solved any time soon.

Suitable for regulators, stakeholders in Islamic Finance institutions including company directors, corporate financiers, and audit managers, Sharia supervisory board members, Sharia advisory firms, conventional financial institutions offering Sharia-compliant products, international corporations using services offered by IFIs. Also for students of Islamic finance.

• Explains why most of what readers believe they know about Japan's economy is wrong. • Includes case studies of some of the biggest Japanese companies, including Olympus, Japan Airlines, Sony, and Toyota, among others.

Karim Ginena is Head of Sharia Audit at Doha Islamic Bank. He is a Sharia Adviser and Auditor, certified by the Accounting and Auditing Organisation for Islamic Financial Institutions. He also holds a Bachelor's degree in Business Administration from Simon Fraser University, British Columbia, Canada, and an MSc in Islamic Finance from the Qatar Faculty of Islamic Studies at the Qatar Foundation Azhar Hamid is Deputy Head of Sharia Audit at Doha Islamic Bank. He holds a Bachelor's and a Master's degree in Economics, and an MPhil in Islamic Banking.

Suitable for businessmen, investors, economists and policy makers, academics. William Pesek is a Bloomberg columnist in Tokyo. He provides opinions and commentary on economics, business, markets and politics throughout Asia. His columns routinely appear in the International Herald Tribune, Sydney Morning Herald, New York, Post, The Straits Times, The Japan Times and many other publications around the globe. Previously, he was a columnist for Barron's, the Dow Jones weekly magazine, in Washington, writing about global economics, politics, financial markets, the Federal Reserve, U.S. Treasury Department, International Monetary Fund and World Bank.

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CFA level I Exam Companion: The Fitch Learning/Wiley Study guide to getting the most out of the CFA Institute Curriculum

The Monetary System: Analysis and New Approaches to Regulation Jean-Francois Serval, Jean-Pascal Tranie 978-1-118-86792-1 / 1-118-86792-0 288 pp. Pub: 06/06/14 General Finance & Investments

Fitch Learning

This important text provides an in-depth analysis of the definition of money and how money operates, taking a courageous and controversial stance in presenting the contemporary implementation of money as a social contract, governed by laws and regulations set by our society.

978-1-118-83218-9 / 1-118-83218-3 320 pp. Pub: 27/12/13 General Finance & Investments The definitive guide to the CFA curriculum, from industryleading trainers and the foremost CFA author in the field.

• The authors' first book entitled La Monnaie Virtuelle qui nous fait vivre (The virtual currency that is our lifeblood) was widely covered by the French press and extensively used by senior treasury staff in several countries. The authors were invited to speak at events in New York and Washington.

Wiley and Fitch Learning offer an invaluable self-study guide to passing one of the most sought-after designations in the finance industry. The CFA Level I Exam Companion acts as a guide, assisting candidates to navigate through the wealth of CFA level I content, prioritising key areas of the official CFA texts. The Exam Companion has been written by Fitch Learning's experienced CFA instructor faculty, who know what it takes to pass.

• Predominantly focused on the US and European perspective, but of relevance to other markets. Globally important for anyone concerned with sovereign debt risk. • Featuring key mathematical developments and accounting standards for professionals and PowerPoint slides. The text will feature questions and answers at the end of every chapter.

This important supplement provides: • Exam focus and guidance from Fitch Learning CFA instructors. • Exam style questions and demonstrating key concepts.


• Foreword written by a prominent figure in finance. The author's previous title, La Monnaie Virtuelle qui nous fait vivre's foreword was written by Christine Lagarde (at that time Minister of the Economy for France).


• Identification of critical Learning Outcome Statements. • Directly references the CFA curriculum.

Suitable for Bankers and Students.

Considering adding CFA Level I to your CV? Are You Ready? by Fitch Learning Wiley allows you to gauge your suitability for free, using 10 CFA Level I technical questions and a further 10 aptitude questions to examine your current financial knowledge and ability. Providing you with immediate results via diagnostic and video.

Jean-Francois Serval is President of Serval & Associes, a European accounting practice with global offices. Mr. Serval is a founder and head of US operations of Constantin Associates, a multinational accounting firm. He sits on the boards of several professional and non-professional organisations such as the European League for Economic Co-operation (ELEC), and the International Fiscal Association (IFA). Dr. Serval was awarded the Knight of the Legion of Honour and Knight of the National Order of Merit. Jean-Pascal Tranie is President of Aloe Private Equity, devoted exclusively to the areas of environmental protection and clean energy, with offices in Paris, London, Beijing and Hyderabad. Jean-Pascal Tranie was a member of several think tanks, and passes most of his present time on sustainable development projects in Asia and Europe. He is a Knight of the Legion of Honour.

Fitch Learning is a financial training company based in centres in London, New York, Singapore and Dubai. Fitch Learning have provided training for more than 325 companies, from global financial institutions to small boutique research companies. Almost 4 million email-aday questions have been answered and Fitch Learning have run more than 2,800 courses for clients either as part of an in-house programme or through their public calendar of courses. Fitch Learning's growth has been recognised by the Sunday Times Virgin Atlantic Fast Track for four years in a row from 2005 - 2008, and they have won awards for their innovative approach to training. F i n a n c e

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Shariah Non-compliance Risk Management and Legal Documentations in Islamic Finance

Better Banking: Understanding and Addressing the Failures in Risk Management, Governance and Regulation

Ahcene Lahsasna 978-1-118-79680-1 / 1-118-79680-2 256 pp. Pub: 20/02/14 General Finance & Investments

Adrian Docherty, Franck Viort 978-1-118-65130-8 / 1-118-65130-8 376 pp. Pub: 27/12/13 General Finance & Investments

A timely book for the expanding Islamic finance market from one of Malaysia's leading experts in Islamic law and jurisprudence. For Islamic financial institutions, Sharia non-compliance is a growing and key risk that must be carefully managed. This book offers a thorough look at non-compliance risk and explains the legal documentation necessary to ensure compliance for professionals in the Islamic finance industry. In addition, the book offers helpful guidance and understanding for the legal departments of Islamic financial institutions, as well as lawyers, legal firms, Shariah advisors, Shariah officers, and students studying Islamic finance. The book covers fundamental concepts, major risk elements, tools and techniques for identifying non-compliance, legal documentation, and the impact of non-compliance, among other vital topics.

Better Banking is a technical, yet accessible overview of crucial issues in banking and offers a constructive proposal for the future of the industry. Why did the financial crisis happen? Why did no one see it coming? And how did our banks lose so much of our money? What's being done to sort out the banking industry? And will it work? These are the questions that industry experts Adrian Docherty and Franck Viort cover in this book. They give a clear and thorough run-through of some of the key concepts and developments in banking, to enable the reader to understand better this vital yet perilous industry. Without excessive detail or jargon, they explain the most important issues in risk management, regulation and governance and build a comprehensive description of how failings in these areas resulted in the current financial crisis. In order to make the diagnosis clear, the authors illustrate their descriptions with a series of informative case studies. The book revolves around a critique of the current regulatory developments, which the authors feel will be ineffective in fixing the structural flaws in banking. Crucially, and as the title of the book suggests, they set out their own series of proposals to contribute to the development of a better, safer and more effective banking industry.

• Offers comprehensive coverage of the growing field of non-compliance risk management in Islamic finance. • Includes in-depth coverage of legal documentation. • First book to offer comprehensive coverage of the subject. • Sponsored by Maybank Islamic with potential for adaption by Bank Negara for their legal documentation certification and training. Lawyers, Judges and Legal Firms. Sharia Scholars and Advisors. Law Students.

Better Banking is a technical yet accessible book that seeks to engage interested readers of all kinds--students, professionals, bankers and regulators but also politicians and a broader audience of those outside the banking industry, who are keen to inform themselves and understand what needs to be done to avoid a repeat of this crisis.

Associate Professor Dr. Ahcene Lahsasna he took part of his postgraduate studies in Shariah and Arabic language in Damascus, Syria before coming to Malaysia to do his Masters and Ph.D in Islamic Law & Islamic Jurisprudence (Fiqh and Usul Fiqh) at the International Islamic University Malaysia. Currently he is a faculty member at INCEIF, he is also the Graduate Students Academic Advisor at INCEIF and a member of the research working committee and exemption committee at the same University. He has published few books in Arabic and English, in addition to various articles in refereed journals and papers presented at local and international conferences.

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Adrian Docherty is Head of Financial Institutions Advisory at BNP Paribas. He tutors for Incisive Media and spoke about the Implications of Basel III for the covered bond market at the Insto Cover Bonds Congress in Australia. Franck Viort is Debt Capital Markets Head of Insurance Europe at BNP Paribas, formerly from RBS in London, where he had been a director since 2005, covering the full spectrum of capital and financing products. 1 4


Trading Economics: A Guide to the Use of Economic Statistics for Traders & Practitioners + Website

CVA - Credit and Funding Valuation Adjustment Andrew Green 978-1-118-55678-8 / 1-118-55678-X 416 pp. Pub: 25/07/14 General Finance & Investments

Trevor Williams, Victoria Turton

CVA: Credit and Funding Valuation Adjustment provides technical coverage of the key issues in CVA, DVA and FVA in an accessible manner to both specialist and nonspecialist alike.

978-1-118-76641-5 / 1-118-76641-5 280 pp. Pub: 02/05/14 General Finance & Investments

In the wake of the global credit crisis, credit valuation adjustment (CVA), debit valuation adjustment (DVA) and funding valuation adjustment (FVA) models have developed rapidly to address changing market conditions and practices. Counterparty and funding risks now lie at the heart of financial markets, with dealers moving quickly to report these risks and establish risk management functions to mitigate then. This book provides an up-to-date, comprehensive treatment of all three, while providing modeling frameworks for them. It also provides in-depth discussions of the information system engineering challenges presented by their calculation and risk management.

A practical guide to the use of statistics for traders, for practitioners and those interested in understanding the use of economic and market data. The recent global financial crisis stressed the need for economists who understand how key economic and market statistics drive financial market trends and how to mitigate the risks for businesses that those trends affect. Trading Economics provides guidance for navigating key market figures in a convenient and practical format. Emphasising the link between economic data and market movements, this book analyses surveys, economic growth statistics, inflation, labor markets, international trade, monetary and fiscal indicators, and their relevance in financial markets. It bypasses complex terminology to offer a hands-on, accessible introduction to financial statistics and how to profit from them. • Offers clear illustrations and an easy-to-read layout to teach you how to trade profitably in financial markets and minimise risk for your business. • Includes a website featuring a blog and new surveys as they develop, to accompany the book.

• Written for specialists and non-specialists alike, it guides you through the complexities of CVA, DVA, and FVA and provides modeling frameworks for all three, including the very latest developments in FVA and OIS discounting. • Covers simple analytic models up through complex multi-asset class Monte Carlo engines, and discusses key credit mitigants, such as netting and CSA agreements which are essential to moderating counterparty risk. • Describes how CVA and FVA sensitivities can be accurately measured-- an essential part of any CVA and FVA management strategy.

Traders, Market Strategists / Economists, Portfolio Managers, Government Officials, Students, Treasurers, and Accountants.

• Provides prescriptive discussions of critical issues of technology infrastructure, including grid computing, calculation workflow and data volume management.

Trevor Williams is Chief Economist at Lloyds Bank Wholesale Banking & Markets. Prior to that he was a lecturer at South East London College & Vauxhall Business College. He is an academic Visiting Professor, Banking and Finance at Derby University. Trevor is a member of the Institute for Economic Affairs, and is on its Shadow Monetary Policy Committee. He is also on the editorial board of Economia, as well as the Journal of Corporate Treasury Management. Victoria Turton is currently a Senior Copywriter at Editions Financial, a content marketing agency working with leading financial institutions.

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Quantitative Analysts, Traders, Bank Senior Management, Risk Managers, Finance & Audit Professionals, Technologists, Academics, Students, Marketers, Corporate Treasurers, and Fund Managers. Andrew Green is Head of Quantitative Research - CVA / FVA, Lloyds Banking Group. Prior to joining Lloyds, Andrew headed DCRM Quant at Barclays Capital, a team of quants dedicated to the development of CVA models. He is a regular speaker at industry events on CVA, DVA and FVA, including WBS training, ICBI RiskMinds, Marcus Evans and Lepus.

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Emerging Growth: MacroEconomics, Investment and Strategic Asset Allocation in the Era of the Emerging Markets

The Liquidity Management Guide: From Policy to Pitfalls Gudni Adalsteinsson 978-1-118-85800-4 / 1-118-85800-X 216 pp. Pub: 06/06/14 General Finance & Investments

Jerome Booth 978-1-118-87967-2 / 1-118-87967-8 336 pp. Pub: 07/03/14 General Finance & Investments

A tactical manual for risk managers, The Liquidity Management Guide is the practical resource for banks to manage their liquidity and funding risk. It starts by giving a brief overview of banking and why liquidity risk will always be an integrated part of the banking service industry. It then provides a much needed consolidated view of all the various definitions and aspects of liquidity risk, establishing a common ground to work on. After setting the stage and placing liquidity risk within the management structure and strategy of a bank, the book follows the 6 Steps methodology. By following the book's guidelines, both general and specific banks can build a complete liquidity framework, adequate to its business strategy. The tools provided guide the practitioner to firstly scope and assess the liquidity risk profile and the sources of liquidity risk before embarking on setting the policies and management framework. Then the book takes the reader through each stage of the process which gets more detailed as the focus shifts from strategic to tactical.

Emerging Growth is an indispensable guide for investors and asset managers who wish to profit from the rise of the emerging markets and their continuing and rapid transition from economic periphery to becoming the leading drivers of the global economy. • The book is targeted at the asset allocator and investor who wish to better understand and profit from the new world order in which it is the emerging markets that drive global growth and deliver the strongest returns on investment. • The author draws on his extensive experience to critique existing asset allocation techniques and also helps investors manage periods of structural shift and uncertainty and thus to mitigate risk when investing in emerging market economies, with examples from emerging markets. • The book offers a comprehensive description and analysis of emerging market debt, information which is critical to effective mid and long-term investment decision making and which has generally been ignored by other commentators. • The book also deals with macro-economics, often ignored by investors in favour of micro-economic theory, but crucial to an effective global investment strategy.

• The book introduces its own overarching framework, the 6 Steps Stair, which captures all elements and attributes of this risk category. • Ancillary Website - With many banks struggling to write their own liquidity policies, contingency funding plans, Internal liquidity assessments and the prevailing uncertainty around what needs to be included and the fear of omitting critical aspects - this website will feature dummy templates for each of these documents, which add to the text's must-have nature.

Investors, institutional and retail. It is also aimed at economics, finance, business and international relations Students and points to research in applied finance in particular. Policy-Makers, Economists and Regulators, and a wide range of finance professionals.

Suitable for Treasurers, ALM Managers, Risk Managers, CFO, CRO, DCM (Dept capital market) Professionals, Partner/Director, Risk Specialists, Professors, Researchers, and Students.

Dr Jerome Booth is a well-known economist, emerging market expert, investor and entrepreneur. He is a sought after commentator on global economic events, was part of the MBO creating Ashmore Investment Management, which is now one of the world's leading investment managers dedicated to emerging markets. He is Chairman of the investigative news journalism company ExaroNews, and Chairman of Walpole Publishing which produces Moving On Magazine for school-leavers.

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Gudni Adalsteinsson is Head of Asset Liability Management at AIB UK, where he is responsible for overall balance sheet management. His experience ranges from running treasury for a European bank during the credit crunch, working for the FSA on its liquidity framework, to providing liquidity advisory to UK banks.

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Valuation: The Market Approach

Managerial Economics

Seth Bernstrom

978-1-118-86796-9 / 1-118-86796-3 224 pp. Pub: 06/06/14 General Finance & Investments

Anthony J. Evans

978-1-118-90392-6 / 1-118-90392-7 172 pp. Pub: 09/05/14 General Finance & Investments

A text which incorporates a diverse and applied perspective in economics, Managerial Economics is the only book which comprehensively deals with micro and macroeconomics from a global perspective, written in a casual and accessible style.

Valuation: The Market Approach bridges the chasm that exists between what is taught (the discounted cash flow approach) and that which is actually put into practice in the "real world" (the market approach).

• Helps managers utilise economics in their daily decision making and assists them in understanding how the economic policies affect their business.

• The author is a Visiting Lecturer on valuation at KTH Royal Institute of Technology in Stockholm ( He often gives lectures and seminars on valuation at other leading Nordic universities (Stockholm University, Uppsala University) as well as private and public lectures and seminars at leading Nordic investment banks and organisations.

• Practical format of book, with easy to read and easy to reference layout with clear illustrations. • The authors work has been covered by most broadsheet newspapers, and he has appeared on Newsnight and the BBC World Service. For over a year he wrote a column in City AM and has the opportunity to publish opinion editorials there.

• The text provides (now missing in the global valuation curriculum) dedicated hands-on and practical guidance on the most common valuation approaches in practice worldwide: the market approach.

• App or website - featuring electronic resources that complement the book: -My Econ Reading List (.pdf); Course Readings; --Macroeconomic simulators/tools; Course map; -YouTube playlist.

• The text bridges the gap that exists between what is taught in academia (the discounted cash flow approach) and that which is actually put into practice in the "real world" (the market approach).

Students and Researchers of finance and business; MBA Schools; finance function of Banks; Treasury Staff, Risk Managers, Planners, Policy and Strategy Teams, Senior Executive and Non-Executive Management; Sales, Origination, Relationship Management, Asset Managers, and Hedge Fund Professionals.

• The text is written by a senior valuation expert having worked with top-tier clients for many years. Seth Bernstrom is Director at the Valuations practice of PricewaterhouseCoopers. He has 14 years of experience as a valuation expert at the Valuations practice of PwC with a special focus on private equity; with a long-running engagement in Valuation for two of the top leading Nordic private equity houses; Nordic Capital ( and Altor Equity Partners ( Seth provides valuation support and valuation-related advisory services to other private equity firms, as well as large and medium-sized Nordic and (Nordic-based) Global companies. Seth is a member of The Swedish Society of Financial Analysts, SFF and the American Society of Appraisers, ASA. He holds a Master of Science in Business Administration and Economics, Stockholm University School of Business.

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Prof. Anthony J. Evans is associate professor of economics at ESCP Europe Business School. He specialises in teaching Managerial Economics at the MBA and Executive MBA level. He has taught for ESCP Europe, Cotrugli Business School, Danube University, and Helsinki School of Economics, as well as designing and managing custom programmes. He has published in a range of academic and trade journals and is the coauthor of The Neoliberal Revolution in Eastern Europe (Edward Elgar, 2009). He is a member of the Institute of Economic Affairs' Shadow Monetary Policy Committee.

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Global Leaders in Islamic ERM - Enterprise Risk Finance: Industry Management: Issues and Milestones and Reflections Cases Emmy Abdul Alim

Jean-Paul Louisot, Christopher H. Ketcham

978-1-118-46524-0 / 1-118-46524-5 320 pp. Pub: 24/01/14 General Finance & Investments

978-1-118-53952-1 / 1-118-53952-4 312 pp. Pub: 02/05/14 General Finance & Investments

Emmy Abdul Alim interviews the key drivers behind the rapid global growth of Islamic Finance.

The only Enterprise Risk Management (ERM) book that frames current issues and emerging best practices using case studies and interviews with leading ERM practitioners, authored by experts in the ERM field.

Though the modern Islamic finance system has existed for more than forty years, its size and influence in the banking industry has expanded massively in just the last decade. This book looks at Islamic finance from the perspective of the experts shaping the industry, including some of the founders of the first Islamic banks--Haj Saeed Lootah, His Royal Highness Prince Mohamed Al Faisal Al Saud, and Sheikh Saleh Abdullah Kamel--as well as other professionals who have greatly influenced the industry. Editor Alim offers rare insight on Islamic finance with these insightful interviews focused on the development, rise, and future trajectory of Islamic finance.

• An ideal resource for Bankers and Finance Professionals working in traditional finance as well as Islamic finance.

Despite enterprise risk management's relative newness as a recognised business discipline, the marketplace is replete with guides and references for ERM practitioners. Yet, until now, few case studies illustrating ERM in action have appeared in the literature. One reason for this is that, until recently, there were many disparate, even conflicting definitions of what, exactly ERM is and, more importantly, how organisations can use it to utmost advantage. With efforts underway internationally to mandate ERM and to standardise ERM standards and practices, the need has never been greater for an authoritative resource offering risk management professionals authoritative coverage of the full array of contemporary ERM issues and challenges. Written by two recognised international thought leaders in the field, ERM-Enterprise Risk Management provides that and much more.

Modern Islamic Finance has been around for more than forty years but in the last decade it has established itself as a legitimate part of the modern banking industry.

• Explores contemporary issues, including quantitative and qualitative measures, as well as potential pitfalls and challenges facing today's enterprise risk managers.

In line with interview books such as Market Wizards and The Money Masters, Emmy Alim's interviews reveal the reasons for the rapid growth of Islamic Finance from the people who are shaping its global future.

ERMs, Risk Managers, individuals who will become Risk Managers, Colleges and Universities with graduate programs in risk, insurance, and Finance, Regulators and Compliance and Assurance Officers.

A remarkable showcase of the top names in the industry from Asia to the Middle East, Europe, and the US.

Jean-Paul Louisot has spent more than thirty years of his career at the service of private and public entities, helping them manage their risks and coach their risk managers and executives. As director for the CARM institute, Ltd, he is in charge of the professional designations ARM and EFARM. As a Professor at Pantheon/Sorbonne University, he teaches a postgraduate course in Risk Management. JeanPaul also teaches in various Engineering Schools and MBA programs. Previous publications include Exposure Diagnostic (AFNOR 2004) and 100 Questions to understand Risk Management (AFNOR 2005). Christopher H. Ketcham is CEO of Ketcham & Associates, a risk management education company that optimises strategic initiatives through education and creative thinking.

• Features rare insider perspective on the rise of Islamic finance with interviews from the top names in the industry in Asia, the Middle East, Europe, and the United States.

Emmy Abdul Alim is Editor for Thomson Reuters Islamic Finance Gateway. Away from Thomson Reuters she has been writing independently about Islamic finance since 2010.

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The Valuation of Financial Companies: Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions

The Islamic Finance Handbook: A Practitioner’s Guide to the Global Markets REDmoney 978-1-118-81441-3 / 1-118-81441-X 256 pp. Pub: 22/05/14 Finance & Investments Special Topics

Mario Massari, Gianfranco Gianfrate, Laura Zanetti

This publication from REDmoney Group will provide the Islamic finance sector with a definitive report for the industry. Comprehensive country reports will be enhanced with advertising and online quarterly updates.

978-1-118-61733-5 / 1-118-61733-9 256 pp. Pub: 07/02/14 General Finance & Investments

• Unique book by the Industry’s leading practitioners.

This book presents the main valuation approaches that can be used to value financial institutions. By sketching 1) the different business models of banks (both commercial and investment banks) and insurance companies (life, property and casualty and reinsurance); 2) the structure and peculiarities of financial institutions' reporting and financial statements; and 3) the main features of regulatory capital frameworks for banking and insurance (i.e. Basel III, Solvency II), the book addresses why such elements make the valuation of financial institutions different from the valuation of non-financial companies.

• League tables by region and by country with regional introduction. • Includes relevant case studies - The focus will be on short, concise, well-structured sub-headings throughout. • Advertisements from leading players in the Islamic finance industry. • Industry practitioners from both within and outside the Asian region. Professors and Students of Islamic finance.

The book then features the valuation models that can be used to determine the value of banks and insurance companies including the Discounted Cash Flow, Dividend Discount Model, and Residual Income Model (with the appropriate estimation techniques for the cost of capital and cash flow in financial industries). The main techniques to perform the relative valuation of financial institutions are then presented: along the traditional multiples (P/E, P/BV, P/TBV, P/NAV), the multiples based on industry-specific value drivers are discussed (for example, P/Pre Provision Profit, P/Deposits, P/Premiums, P/Number of branches). Further valuation tools such as the "Value Maps" or the "Warranted Equity Method" will be explained and discussed. The closing section of the book will briefly focus on the valuation of specific financial companies/vehicles such as closed-end funds, private equity funds, leasing companies, etc.

REDmoney is a publishing and events company focusing purely on the global Islamic finance market. The company was started in mid-2004 in Kuala Lumpur, Malaysia by two ex-Euromoney managers, Andrew Morgan and Andrew Tebbutt and initially rolled out two products: Islamic Finance training and Islamic Finance news. Since then, a range of other products have been introduced including conferences, print media and consulting. Since 2004 REDmoney has been the world's leading specialised Islamic finance publishing, information and event company. T

Mario Massari is Full Professor of Corporate Finance, Head of the Finance Department, and Director of the Institute of Accounting, Finance and Control from 2003 to 2007 at Bocconi University. Gianfranco Gianfrate is Assistant Professor of Finance, Bocconi University. Laura Zanetti is Associate Professor of Finance at Bocconi and Visiting Professor at the HKUST Business School.

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The Essays of Warren Buffett: Lessons for Investors and Managers, 4e

Due Diligence in China + Website: Beyond the Checklists

Lawrence A. Cunningham

978-1-118-46906-4 / 1-118-46906-2 256 pp. Pub: 24/12/13 Institutional & Corporate Finance

Kwek Ping Yong

978-1-118-82115-2 / 1-118-82115-7 320 pp. Pub: 24/12/13 General Finance & Investments

Due diligence is crucial to any business deal and, thankfully, due diligence research has come a long way over the years. What used to be a cumbersome, timeconsuming process has been standardised and systemised with generally accepted auditing frameworks and tools, such as the all-important auditing "checklists." But when it comes to doing due diligence in China, with its opaque regulatory system and byzantine accounting standards, all bets are off. In this book an acknowledged expert in the field takes you beyond the checklists to arm you with Chinaspecific due diligence strategies, tools and techniques that go beyond what is typically part of the process.

This collection of Warren Buffett essays has been widely acknowledged as the most authoritative book on Buffett's investment philosophy. In this updated edition Lawrence Cunningham brings you the latest wisdom from Buffett's annual letters to Berkshire Hathaway shareholders. Readers of these letters have gained an enormously valuable informal education in the art of investing. Broad in scope and long on wisdom, the letters explain his principles on sound investing, selecting managers, valuing businesses, using financial information profitably, and other vital topics for investors.

• Provides first-hand accounts based on the author's years of experience as a private equity professional doing deals in China.


This newly updated 4 Edition includes Buffett's latest wisdom on such topics as the financial crisis, the housing bubble, corporate governance, the role of oversight in heavily regulated industries, today's best investing opportunities, and the weaknesses of popular option valuation models. • Features investing advice in plain English from one of the world's most legendary investors. • Includes Buffett's insights on the current financial crisis and recession.

• Reviews, in-depth, the unique differences between corporations and businesses in China and those in the West and their implications for the due diligence process. • Uses numerous case studies to guide the reader through an entire due diligence process for a firm in China. • Demystifies the business landscape in China from a Due Diligence point of view. • Gives a detailed account of why conventional frameworks used in the west will not do well in China and explains based on first-hand accounts of the unique differences between corporations and businesses in China and the West.

Investors, Corporate Executives, Managers, and general readers, especially those interested in Warren Buffett and his investment strategies. Lawrence A. Cunningham is a Professor at George Washington University, Washington, DC, a leading authority on value investing and advocate for investors. He prepared this collection as the centerpiece of a symposium featuring Buffett's letters, held when Cunningham was Director of The Samuel and Ronnie Heyman Center on Corporate Governance at Cardozo Law School, New York City. His numerous other books include What Is Value Investing?, Outsmarting the Smart Money and How to Think Like Benjamin Graham and Invest Like Warren Buffett.

Accountants, Lawyers, Bankers, Private Equity Practitioners doing business in China, Business Readers and Policy Makers with an interest in China. Kwek-Ping Yong has more than ten years of private equity investment experience in China. Kwek Ping started his first USD China-focused growth fund in 2001 and has since made more than thirty investments in different cities in China across various industries, including manufacturing, mining, energy, food and beverage, and the retail sector. Kwek Ping has also planned and executed many successful exits through trade sales and pre-IPO transactions and performed hundreds of full due diligence exercises for Chinese companies pre and post investment.

The Essays of Warren Buffett, 4th Edition: Lessons for Investors and Managers – Licensed: Thai. The Essays of Warren Buffett (Third Edition) – Lessons for Investors and Managers – Licensed: Hungarian, Thai. The Essays of Warren Buffett: Lessons for Investors and Managers (Revised and Updates edition) – Licensed: Korean.

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Getting Started in Advanced Options

Energy Trading and Risk Management: A Practical Approach to Hedging, Trading and Portfolio Diversification

Michael C. Thomsett 978-1-118-34363-0 / 1-118-34363-8 300 pp. Pub: 24/01/14 Investments & Securities

Iris Marie Mack

In this book, best-selling author, Michael Thomsett uses nontechnical, easy-to-follow language to demystify the options markets, distinguishing the imagined risks from the real ones and arming investors with the facts they need to make more informed decisions. This illustrated edition includes colourful illustrations, including charts and graphs that make complex subject matter easy to understand. Fully updated to cover the latest changes in the markets, the book introduces advanced strategies and concepts that every successful trader needs. It covers how options can reduce risk, spread strategies, hedges and straddles, swing trading with options, options on futures and indexes, synthetic positions based on options, risks and taxes, choosing stocks for options trading, and more. • Updated to include the latest changes and newest information on the markets. • Loaded with easy-to-understand graphs, charts, and other illustrations.  Revised and updated text is enhanced with attractive illustrations and colored charts/graphs. Print version comes in two colors and e-versions in four colors.  New material will include updated charts and timely additions to reflect important changes in the markets. Each chapter concludes with illustrated comic strips to highlight major points for the chapter and to provide a running narrative in entertaining but informative style.  The Getting Started In series format includes definitions and easy-to-follow examples that anyone can understand, making usually complex subject matter easy to understand for any level investor.

978-1-118-33933-6 / 1-118-33933-9 400 pp. Pub: 31/03/14 Investments & Securities This new book from a respected consultant, lecturer, and former energy trader offers thorough coverage of energy markets and their principal applications in hedging risk, trading for profits, and diversifying investment portfolios. It covers exchange-traded as well as over-the-counter derivatives, including forwards, futures, and swaps for professionals in both the energy and financial industries. The book includes supplementary materials for use in classrooms, workshops, lectures, and in online training, including current case studies, problem sets and answers, trading models and risk management tools, and coverage of regulations based on geographical regions. • Includes comprehensive explanations of energy markets for finance and energy industry practitioners, students, and educators. • Written by Iris Mack, MIT professor and former energy trader. Energy Industry Professionals; Financial Services Professionals; Traders; Derivatives Experts; Analysts; Bookstores; Educators; Finance organisations; Students. Iris Mack, PhD, EMBA is a former MIT professor. Dr. Mack conducts workshops on Quantitative Investments and High Frequency Trading for the Terrapinn Group "3-Day MBA Program" in Singapore, Hong Kong and London. She is also a Finance Subject Matter Expert for the Virginia Department of Education's new online Financial Literacy program. Dr. Mack serves on a National Academy of Sciences Research Advisory Board.

Individual Investors, Stock Brokers, Portfolio Managers, Financial Analysts, and other Investment Professionals. Michael C. Thomsett has written more than 70 books on investing, real estate, business, and management. writing professionally since 1978 and full time since 1985. Bloomberg Visual Guide to Candlestick Charting – Licensed: German, Simplified Chinese. Getting Started in Fundamental Analysis – Licensed: Orthodox Chinese, Simplified Chinese. Getting Started in Options – previous editions - Licensed: Orthodox Chinese, Russian, Simplified Chinese. Getting Started in Real Estate Investing, 2nd Edition – Licensed: Simplified Chinese. Getting Started in Swing Trading – Licensed: Simplified Chinese.

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The Mystery of Market Movements: An Archetypal Approach to Investment Forecasting and Modeling

Insurance & Risk Management Correlation Risk Modeling and Management: An Applied Guide including the Basel III Correlation Framework - With Interactive Models in Excel / VBA, + Website

Niklas Hageback 978-1-118-84498-4 / 1-118-84498-X 256 pp. Pub: 14/05/14 Investments & Securities Author Niklas Hageback draws on Jungian psychology to offer a fascinating perspective on behavioral finance and its effects on global market movements. • Living in the aftermath of the housing bubble crash has reinforced the view that subliminal forces play a major part in collective human behavior. As conventional economics with its ‘rational man's assumption are not equipped to incorporate seemingly irrational behavior, there is a greater interest in alternative approaches to economic theory.

Gunter Meissner 978-1-118-79690-0 / 1-118-79690-X 350 pp. Pub: 20/02/14 Insurance & Risk Management A thorough guide to correlation risk and its growing importance in global financial markets.

• Drawn from around the world, the author utilises minicase studies and examples to bring added color to the text.

Ideal for anyone studying for CFA, PRMIA, CAIA, or other certifications, Correlation Risk Modeling and Management is the first rigorous guide to the topic of correlation risk. A relatively overlooked type of risk until it caused major unexpected losses during the financial crisis of 2007 through 2009, correlation risk has become a major focus of the risk management departments in major financial institutions, particularly since Basel III specifically addressed correlation risk with new regulations. This offers a rigorous explanation of the topic, revealing new and updated approaches to modelling and risk managing correlation risk.

For Economists, Financial Analysts, and readers interested in behavioral finance, text analytics and data mining. Niklas Hageback has extensive experience in the financial sector working at tier-one financial institutions and consulting firms, such as Deutsche Bank, KPMG, and Goldman Sachs, holding regional risk management and oversight roles in both Europe and Asia. Core skills include operational risk, economic and regulatory capital and project management. Throughout his risk management roles, he took a proactive part in providing industry leadership. This included leading the implementation of operational risk and economic capital frameworks and also engaging in the public debate through a number of articles published, public presentations and regulatory lobbying. In particular, some of the key topics covered the measuring and mitigation of industry wide behavioral risk aspects. Since 2010, he has branched out to set up and run a money management firm, based in Hong Kong, targeting Nordic investors looking for exposure to Asian stock markets. He is also engaged in establishing and managing a portfolio of financial software start-up firms. One of these,, has a focus on research and product development in the area of behavioral finance, including financial- and risk modeling, Jungian depth psychology with a particular core competence on the collective unconscious and archetypes as well as semantic and symbol analysis. F i n a n c e

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• Offers comprehensive coverage of a topic of increasing importance in the financial world. • Includes the Basel III correlation framework. • Features interactive models in Excel/VBA, an accompanying website with further materials, and problems and questions at the end of each chapter. • Correlation Risk is a fairly new type of recognised risk. The significance of correlation risk was highlighted in the 2007-2009 global financial crisis, when correlation levels increased sharply, leading to massive unexpected losses. Gunter Meissner joined Deutsche Bank in 1990, trading interest rate futures, swaps and options in Frankfurt and New York. From 2008 to 2013 Gunter was Director of the Master in Financial Engineering program at the Shidler College of Business at the University of Hawaii. . 2 2


Managing Energy Risk: An Integrated View on Power and Other Energy Markets, 2e

Risk Management At The Top: A Guide to Risk and its Governance in Financial Institutions

Markus Burger, Bernhard Graeber, Gero Schindlmayr

Mark Laycock 978-1-118-49742-5 / 1-118-49742-2 336 pp. Pub: 06/01/14 Introductory Finance

978-1-118-61863-9 / 1-118-61863-7 416 pp. Pub: 20/06/14 Energy Economics & Policy

An up to date non-executive directors guide to risk management and its governance within the financial institutions they serve.

With updated content on renewable energy and gas markets, Managing Energy Risk 2e is a practical text, guiding the reader through various cutting-edge techniques in financial mathematics in order to trade energy successfully.

With over 30 years experience of risk management in banks, Laycock provides a comprehensive but succinct non-technical overview of risk and its governance in financial institutions. Bridging the gap between texts on governance and the increasingly technical aspects of risk management the book covers the main risk types experienced by banks--credit, market, operational and liquidity - outlines those risks before considering them from a governance perspective including the Board and Executive Management.

• - Important updates of recent developments in European electricity markets, renewable energies, support schemes and certificates for renewable electricity generation, treatment of gas markets, introduction of new models specific to gas and the coverage of recent market developments, a detailed description of the international coal market and market impacts caused by the financial crisis and the Fukushima nuclear accident.

Addressing terminology issues that can confuse dialogue, and by providing a bibliography alongside each chapter for more detailed discussion of the topic this book will ground readers with the knowledge they require to understand the unknown unknowns.

• Where other texts are written by authors with a mathematical focus on stochastic option pricing models or focus on traditional engineering topics, the authors of this text have a strong theoretical and practical background as they have been working in the finance and energy markets for many years.

• Bridges the gaps in literature between governance and the technical risk management books.

• The book merges methods from mathematical finance and technical optimisation.

Intended for Non-Executive Directors of Banks, Insurance Companies and other Financial Firms, Regulators, Institutional Investors, Academics and Students studying corporate governance.

• Interest in the topic will increase with the deregulation of the power and gas markets and the consequences of global warming.

Mark Laycock joined Deutsche Bank in 1996. During his time there he developed the Operational Risk framework and enabled the bank to become one of the first to obtain regulatory approval for their AMA model. External duties included dialog with the regulators while Basel II was being formulated. In 2008 Mark established a consulting company -- Alder Partners -- which specialises in Operational Risk and provides discrete seminars on risk management topics for non-executive Directors within financial institutions. In this role he has a long term contract with Operational Riskdata eXchange (ORX), which most recently involved steering a project on OR Scenarios Leading Practices. Mark is on the editorial board of the Journal of Operational Risk, and has written on the subject of governance related to operational risk, and funding liquidity risk management.

Dr. Markus Burger is Director of Risk Management at EnBW Trading (Energie Baden-Wurttemberg AG) a company specialising in energy trading, optimisation and risk management. Markus has more than fifteen years’ experience in Commodity Trading, Finance and Risk Management. Dr. Bernhard Graeber is head of Renewable Energies and International Climate Projects at EnBW AG. He is responsible for the coordination of all renewable energy activities within the EnBW group. Dr. Gero Schindlmayr is Head of Commodity Management, Trading & Origination at RWE AG. Over the last ten years, Gero held various positions in the finance and energy industry in the area of quantitative modelling and risk management and is author of several research publications. F i n a n c e

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A Handbook of Technical Analysis: The Practitioner's Comprehensive Guide to Technical Analysis

The Power of Japanese Candlestick Charts: Advanced Filtering Techniques for Trading Stocks, Futures and Forex

Mark Andrew Lim 978-1-118-49891-0 / 1-118-49891-7 800 pp. Pub: 26/06/14 Trading

Fred K. H. Tam

This Handbook serves as a comprehensive self-contained, self-study preparatory guide for students taking IFTA CFTe Level I & II (USA), STA Diploma (UK), Dip TA (Aus) and MTA CMT Level I II & III exams in Financial Technical Analysis. It is supplemented by two exam preparatory workbooks and an online Q&A Test Bank designed around the most popular professional examinations in Financial Technical Analysis.

978-1-118-73292-2 / 1-118-73292-8 256 pp. Pub: 15/05/14 Trading The Power of Japanese Candlestick Charts offers a sophisticated range of charting techniques using Japanese candlestick methodology - acknowledged by Steve Nison as being "clear, concise (with) powerful insights."

• A dedicated chapter on money management techniques helps complete the trader's education. This handbook will prove indispensable to FOREX, Bond, Stock, Futures, CFD and Option traders.

Japanese candlestick charting is a highly effective method for timing the market for short-term profits. Unlike most western techniques--moving average, relative strength index, MACD, stochastic, Bollinger bands, or Elliot waves-candlestick charting signals are based on very close analysis of product price, producing accurate buy or sell signals between two and ten periods earlier than other techniques. In The Power of Japanese Candlestick Charts, noted author and futures trading expert Fred Tam offers a full and sophisticated range of charting techniques using candlestick methodology.

• This handbook is further supplemented by two dedicated exam workbooks and an online Q&A Test Bank based on the most popular professional examinations in Financial Technical Analysis. • Allows candidates to test their current knowledge in each of the specified topics and includes numerous end-ofchapter short essay type questions, multiple choice questions and numerous chart-based annotation exercises at the end of the book.

• Includes hundreds of illustrated charts. • Author offers a daily newsletter ( aimed at stock and futures traders. Fred has developed two trading software programs - The P.I. System Trader and F1 Trader. Limited versions of these will be available to readers through his website and

• Includes 2 supplementary exam workbooks and an online Q&A testbank. Aimed at Students intending to take exams in financial technical analysis in college, university IFTA/MTA, Instructors teaching technical analysis at various trading institutions, Professional Traders, Investors and Analysts.

• Numerous Charts drawn from international companies offer insights and observations.

Mark Lim is the course director and owner of He was subsequently awarded the Bronwen Wood Memorial Prize in Financial Technical Analysis in 2007 by the Society of Technical Analysis (UK). Mark later received the IFTA's CFTe designation in Financial Technical Analysis from the International Federation of Technical Analysts (IFTA, USA). Mark also conducts online exam preparatory courses for students intending to sit for examinations in Financial Technical Analysis such as IFTA CFTe Level I & II (USA), STA Diploma (UK) and the MTA CMT Level I, II & III examinations.

For Technical Analysts, Financial Analysts, Remisiers, Stock Traders, Day Traders, and Short-term Position Traders. Fred K.H. Tam studied securities and commodities futures trading techniques in the U.S. under Larry Williams, George Lane, Tom Dorsey and many other prominent traders. He is a full member of the Society of Technical Analysis (STA) in the UK and Malaysia's first recipient of the Master of Financial Technical Analysis (MFTA) from IFTA. He is also a Certified Technician (CFTe) from IFTA.

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Fixed Income Markets: Management, Trading and Hedging, 2e

Valuation & M&A Private Firm Valuation and M&A: Calculating Value and Estimating Discounts in the New Market Environment

Moorad Choudhry 978-1-118-17172-1 / 1-118-17172-1 640 pp. Pub: 28/07/14 Trading The second edition of the acclaimed book offers comprehensive coverage of the post-crisis debt markets and its impact on key issues such as derivative pricing, cross-currency hedging issues and new legislation regarding liquidity.

Kerstin Dodel 978-1-119-97878-7 / 1-119-97878-5 204 pp. Pub: 06/12/13 Valuation

This new edition provides unique coverage on a number of new issues, including: 1. Dynamic hedging practice, allowance for collateral impact of pricing derivatives. 2. The procedure for internal management of term funds raised by bonds ("dynamic hedging"). 3. Cross currency hedging issues. 4. Concept of "multi-currency yield curves", how these are constructed and why used. 5. Impact of collateralised versus uncollateralised derivatives on valuation. 6. Callable bonds, pricing, trading and regulatory aspects relating to the associated liquidity. Includes worked examples. This includes: The regulatory aspects of bonds from a general perspective w.r.t RR risk, exposures and how if they were modeled, banks would realise extent of their risks; The credit framework used to value bonds and liabilities in general. 7. Stressing rebalancing as a means for institutions to capture contingencies embedded in products when not fully hedge available and other complex embedded risks like correlations.

A comprehensive guide to private company valuation and private firm M&A transactions. This book describes a more sensible approach to using discounts in private company valuations and provides readers with a deeper appreciation for the need to weigh a much broader range of influences on value in the M&A process. Does the idiosyncrasy of family-owned business influence transaction multiples? What of regional market differences and differing market environments over time? How do you estimate the influence of the subprime on the transaction process? With the help of fascinating case studies drawn from an eclectic array of M&A transactions, including a beauty contest, the author answers those and other central questions about the M&A process. Among other things, she vividly demonstrates that the ultimate price paid in such a transaction reflects not only a target company's unique characteristics, but the varying motivations and expectations of each of the participants within the context of a competitive M&A process.

Suitable for anyone with an involvement in the bond markets and interest-rate and credit derivatives markets.

• Emphasis is given to the post credit crunch environment, and responding to regulators' increasing rejection of oversimplified procedures for firm valuation.

Moorad Choudhry is Head of Business Treasury, Global Banking & Markets at The Royal Bank of Scotland. He has worked as a government bond trader at ABN Amro Hoare Govett Limited and Hambros Bank Limited, and was VicePresident in structured finance services with JPMorgan Chase Bank. Moorad is Visiting Professor at the Department of Economics, London Metropolitan University, Senior Research Fellow at the ICMA Centre, University of Reading and Visiting Teaching Fellow at Birkbeck, University of London. He is a Fellow of the Chartered Institute for Securities & Investment and a Fellow of the ifs-School of Finance.

• The book takes the US and German markets as exemplars of an approach which can be rolled out to the valuation of all private entities globally. Suitable for Valuation Professionals, M&A Analysts and Associates (M&A/Valuation Professionals based in investment banks working in M&A and corporate finance, Equity Researchers, Professionals in corporate financing houses, Private Equity Fund Managers and Associates, Corporate Lawyers), CFOs, CEOs, and MBA Students.

An Introduction to Banking - Liquidity Risk and Asset-Liability Management – Licensed: Armenian, Simplified Chinese. An Introduction to Bond Markets 3e – Licensed: Simplified Chinese An Introduction to Repo Markets 3e – Licensed: Simplified Chinese. Analysing and Interpreting the Yield Curve – Licensed: Japanese, Orthodox Chinese, Simplified Chinese. The Principles of Banking - Licensed: Simplified Chinese. F i n a n c e

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Kerstin Dodel is VP at Duff & Phelps GmbH, having held former posts at Deutsche Bank and Credit Suisse First Boston. She is on the Board of the German CFA Society and lectures at their professional events on a regular basis.

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Autumn/Winter 2013

IFRS Convergence: A Practical Perspective

Accounting & Auditing

Arif Ahmed, Veena Hingarh

Understanding Accounting for Financial Instruments under IFRS

978-1-118-34370-8 / 1-118-34370-0 304 pp. Pub: 16/12/13 International Accounting A ready IFRS reference featured to augment understanding through focused explanations, interpretations, and concise approach.

Abdul Islam 978-1-118-74034-7 / 1-118-74034-3 200 pp. Pub: 20/12/13 International Accounting

As more countries adopt International Financial Reporting Standards (IFRS), both professionals and students need a complete resource on the subject. IFRS Convergence: A Global Perspective is designed as a ready reference for professionals and a first stop for the uninitiated. Every standard and all key topics are discussed in detail--from accounting treatments and disclosure to model accounting policy and related interpretations--and tips that identify key aspects of the standards to promote better understanding of the subject are highlighted throughout. A collection of key IFRS terms is also provided. • Covers the most important information in International Financial Reporting Standards (IFRS), including all standards. • Designed as a reference for professionals and a starting point for students. • Includes definitions of all key terms.

Uses illustrative examples, case studies and solutions to present guidelines on Accounting for Financial Instruments Under IFRS in an easy to understand format which requires no in-depth knowledge of the subject. • For both financial statement preparers and candidates preparing for the IFRS exam certification. • Understanding financial instruments is the hottest IFRS topic due to its complexity. Preparers of financial statements; accountants, finance professionals, auditors, financial analysts, bankers who put together complex financial products; candidates preparing for the IFRS/IAS certification through the ACCA/ICAEW in the UK and the ICAI in India. Students, lecturers.

Accounting professionals. Corporate executives responsible for certifying accounting statements and IFRS adoption.

Abdul Islam is Senior Technical Manager at PKF International, London, UK, responsible for providing technical accounting expertise under IFRS and UK GAAP on complex financial instruments, tax structures and infrastructure projects. He is responsible for providing IFRS training to PKFI member firms and setting accounting policy for the 245 PKF firms across the globe, ensuring they are trained on applicable accounting standards, and devising tools and support on IFRS issues and technical matters, as well as producing IFRS related publications, comment letters to the IASB in response to proposed new standards, developing eLearning IFRS materials, and other resources and tools to help PKFI members to understand and adhere to IFRS standards as set by the IASB. Before joining PKF, he was at Ernst & Young, Accounting Advisory Division, providing technical accounting advisory services to large corporations including Coca Cola, Wal-Mart, BP, Shell, and to investment banks on technical accounting issues.

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Veena Hingarh, ICAI, CISA, is Joint Director of South Asian Management Technologies Foundation, a center for research, training, and application in the areas of finance and risk management, providing training in areas including IS Auditing, Enterprise Risk Management, Credit Risk Modeling. She speaks frequently at conferences and platforms throughout Asia and the Middle East. Arif Ahmed, ICAI, MBA, Professor and Director of South Asian Management Technologies Foundation, is an Information Security Management System Lead Auditor from British Standards Institute. His areas of focus are finance and risk management and he has over two decades of post qualification experience in training and strategic consulting. Recognized for his simple and pragmatic explanation of complex issues, Ahmed has been interviewed and quoted throughout the media. He has spoken in various seminars and conferences. Both authors provide training and consulting services to many organizations across various industry verticals including banking, oil and gas, electronic media, print media energy, and more. They have been engaged on World Bank projects in their areas of expertise.

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Corporate Finance

The Valuation of Financial Companies: Tools and Techniques to Measure the Value of Banks, Insurance Companies and other Financial Institutions

The Economics of Commodity Markets Julien Chevallier, Florian Lelpo 978-1-119-96791-0 / 1-119-96791-0 160 pp. Pub: 12/07/13 Business & Corporate Economics

Mario Masari, Gianfranco Gianfrate

A one of a kind economic reference to commodity markets, enabling practitioners to really understand the drivers of the industry and make better investment decisions.

978-1-118-61733-5 / 1-118-61733-9 256 pp. Pub: 29/11/13 Business & Finance

Designed to be as self-contained volume, the book provides a descriptive analysis of commodity markets, across the three main categories – energy, metals and agricultural products. For each category, the authors detail the basic physical market, the supply chain and transportation characteristics, the main price drivers, exchanges and recent evolution. The book then moves on to econometric applications to the sphere of commodity markets, including the presence of leverage effects in commodity markets, the information embedded in option prices, and the characterisation of regimes in commodity markets. Together, they constitute a valuable empirical financial analysis of commodity markets which will benefit both market practitioners and researchers. Finally, various empirical applications are introduced and discussed. These applications are based on R codes that are discussed within each chapter of the book.

This book presents the main valuation approaches that can be used to value financial institutions. By sketching 1) the different business models of banks (both commercial and investment banks) and insurance companies (life, property and casualty and reinsurance); 2) the structure and peculiarities of financial institutions’ reporting and financial statements; and 3) the main features of regulatory capital frameworks for banking and insurance (ie Basel III, Solvency II), the book addresses why such elements make the valuation of financial institutions different from the valuation of non-financial companies. The book then features the valuation models that can be used to determine the value of banks and insurance companies including the Discounted Cash Flow, Dividend Discount Model, and Residual Income Model (with the appropriate estimation techniques for the cost of capital and cash flow in financial industries). The main techniques to perform the relative valuation of financial institutions are then presented: along the traditional multiples (P/E, P/BV, P/TBV, P/NAV), the multiples based on industry-specific value drivers are discussed (for example, P/Pre Provision Profit, P/Deposits, P/Premiums, P/Number of branches). Further valuation tools such as the “Value Maps” or the “Warranted Equity Method” will be explained and discussed. The closing section of the book will briefly focus on the valuation of specific financial companies/vehicles such as closed-end funds, private equity funds, leasing companies, etc.

• Brings an econometric rather that capital market perspective to commodities and commodity investing. • There is currently a period of huge industry growth as investors look to avoid inflation and dollar risk by pouring their resources into commodities. Trading Managers, Commodity Analysts, Energy Analysts, Quantitative Analysts, Academics dealing with commodity markets, financial economics and econometrics Dr. Julien Chevallier, Assistant Professor of Economics, University Paris Dauphine, undertakes research and lectures on time-series econometrics applied to financial, commodity, carbon and energy markets. He is a member of the Center for Geopolitics and Raw Materials (CGEMP) and the Dauphine Economics Lab (LEDa). He is also a Visiting Researcher with EconomiXCNRS at the University Paris West Nanterre La Défense, and the Grantham Institute for Climate Change at Imperial College London. Florian Lelpo is a Hedge Fund Strategist at Lombard Odier Investment Managers, where he builds decision tools and investment strategies for the ‘1795' hedge fund. He regularly lectures at Sorbonne, Dauphine (Paris) and Padova (Padua, Italy) Universities. F i n a n c e

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Mario Massari is Full Professor of Corporate Finance, Head of the Finance Department, Director of the Institute of Accounting, Finance and Control from 2003 to 2007 at Bocconi University. Gianfranco Gianfrate is Assistant Professor of Finance, Bocconi University. He is Visiting Scholar, Boston College (2003) and Cass Business School (2006), Visiting Fellow, Harvard University (2007-2008) and Deputy Director, Clefin-Finance MSc. Laura Zanetti is Associate Professor of Finance at Bocconi and Visiting Professor at the HKUST Business School. 2 7


Mezzanine Financing: Tools, Applications and Total Performance

Liquidity Management: A Funding Risk Handbook

Luc Nijs

978-1-118-41399-9 / 1-118-41399-7 216 pp. Pub: 20/12/13 Institutional & Corporate Finance

Aldo Soprano

978-1-119-94181-1 / 1-119-94181-4 300 pp. Pub: 14/10/13 Corporate Finance

Liquidity Risk, unlike the other risks, was largely an ‘invisible risk’ for many financial institutions until the recent financial crisis. The world witnessed that even profitable and well-capitalised banks were swept away with breathtaking speed as liquidity dried up. This crisis is sometimes referred to as a ‘Black-Swan event’; which is an event that has low-frequency occurrence but high impact.

The only complete and international guide to the complexities and unique features of mezzanine finance products. It provides a comprehensive overview of this increasingly complex product group, covering structuring and pricing, and regional variations in terms of regulation and application. The author draws on his extensive professional and academic experience to give practical advice through a series of case studies selected from a variety of regions, industries and contexts. The construction of terms sheets and contracts is closely examined and discussed, along with modelling applications and product selection in view of specific business objectives. The book also presents Do’s and Don’ts, along with techniques for risk analysis and risk mitigation. Finally, a closer look will be taken at the product group from an investor’s point of view of the international capital markets; the products are assessed in terms of their individual relevance and attractiveness, their relevance within a portfolio, the liquidity of the product group, and the extent to which it insulates pure equity/fixed-income risk. • Mezzanine financing is become increasingly important for lenders and corporations, due to the scarcity of secured credit. • There are no other books available which take mezzanine finance as their core topic; those that cover it do so as part of a broader treatment, and do not go into the depth required by practitioners. • Globally relevant, coverings regulatory and regional variations in the pricing, structuring and application of mezzanine finance products. Financiers, professionals, corporate/business development officers, strategists, asset managers, policy makers, researchers, regulators, auditors, treasurers, bankers, lawyers, C-Suite, academics and students.

Market practices and regulatory stances will be reviewed, showing how they suit current and developing financial markets and how banks treasury responded to recent liquidity crunches as a direct comparison. Refinancing risks for banks will be presented showing the Basel 3 coverage ratio and long term stable funding ratio methodologies, reviewing its components, counterbalancing capacity structure, a dedicated chapter will focus on stress testing both from a regulatory and empirical standpoint, showing how different forms of financing behave differently in changing markets conditions. Alternatives funding sources and their resilience during market crisis will be analysed and proposed and based on practical experience preferable allocation presented. Comparison of market liquidity and warning signals will also be included, where anticipatory indicators are effectively detecting further deterioration. The text covers the recent crisis and new regulatory framework’s impact on liquidity risk management, spanning techniques, processes and banks strategies. Aldo Soprano, Unicredito Group, Milan, Italy is Group Head of short term liquidity risks control at UniCredito, Milan. He graduated in Economics and Statistics from Ca'Foscari University, Venice and has a Masters in Finance from Warwick Business School. Previously he worked for Barclays Capital on market risk. He served as Board member of Pioneer Alternative Investments and gives courses on Risk Management at the conferences and universities.

Luc Nijs is Aizkraukles Banka Professor of Investment Banking, Riga Graduate School of Law, and the founder, chairman and group CEO of The Talitha Group. Luc has over 17 years of experience as an investor in global emerging markets, during which he has successfully executed more than 700 deals in 120 countries.

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Global Portfolio and Client Relationship Management

Treasury Markets and Operations

Hong Kong Institute of Bankers (HKIB)

Hong Kong Institute of Bankers (HKIB)

978-0-470-82773-4 / 0-470-82773-4 256 pp. Pub: 16/12/13 Corporate Treasury Management

978-0-470-82757-4 / 0-470-82757-2 256 pp. Pub: 25/10/13 Institutional & Corporate Finance

The Hong Kong Institute of Bankers offers specialist subject titles designed to help with preparation for diploma examinations, designed to provide banking executives with professional qualifications.

An in-depth look at how banks and other financial institutions manage treasury operations. Created for banking and finance professionals with a desire to expand their management skillset, this book focuses on treasury operations in banking. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training.

On completion of this subject, participants should be able to: • Identify critical needs of high net worth clients in the global financial market; • Evaluate critically the effectiveness of portfolio management strategies by private bankers or wealth managers and decide on the most appropriate strategy. • Integrate the wide range of specialized theories and practical knowledge related to asset and portfolio management on construction, management and evaluation according to the relevant legal and compliance requirements. • Build, develop and retain long-term client relationship through delivering high standards of private wealth management customer service while complying with professional and ethical standards.

• Offers a detailed look at treasury operations and how banks manage their relationships with various markets, including foreign exchange, bond markets, and derivatives. • Gives practitioners a thorough understanding of balance sheet management, settlement, and control. • Provides bankers with the specialised knowledge they need to undertake critical reviews of treasury operations in banks, manage a wide range of treasury activities, and identify risks. The Hong Kong Institute of Bankers (The HKIB) has been serving the local banking community in the provision of education and training since 1963. Their continuous professional development program, which comprises of professional examinations and training courses, has helped bank employees to make advancements in their banking career, and is valued by most of them who are determined to strengthen their knowledge base.

These subjects are aimed for banking practitioners who desire to have solid knowledge, rounded skills, and be responsive to the changing needs of various stakeholders. These subjects are pre-requisite for new entrants to banking industry who wish to be equipped with the knowledge and skills to face the challenges of the fastchanging markets. The Hong Kong Institute of Bankers (The HKIB) has been serving the local banking community in the provision of education and training since 1963. Their continuous professional development program, which comprises of professional examinations and training courses, has helped bank employees to make advancements in their banking career, and is valued by most of them who are determined to strengthen their knowledge base.

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Bank Asset and Liability Management

Strategic Management from an Islamic Perspective: Text and Cases

Hong Kong Institute of Bankers (HKIB)

Rodrigue Fontaine, Khaliq Ahmad

978-0-470-82753-6 / 0-470-82753-X 256 pp. Pub: 30/12/13 Institutional & Corporate Finance

978-1-118-55305-3 / 1-118-55305-5 256 pp. Pub: 08/08/13 Strategic Management

On completion of this subject, participants should be able to:

As Islamic principles move increasingly into mainstream business in many parts of the world, there is a demand for relevant texts. This groundbreaking book from top academics at the International Islamic University of Malaysia (IIUM) offers fascinating insights into modern strategic management from an Islamic perspective. At the heart of this text, there are two questions the authors try to answer: Why do 90% of strategic initiatives fail today and can Islamic principles increase the likelihood of strategic initiatives succeeding?

• Undertake critical evaluation of how real-life factors affect banks' profitability • Compare and select different approaches of bank asset and liability management • Demonstrate how market risks and liquidity risks overlap to exert pressure on bank's capital and identify strategic consideration in capital planning * Identify how interest rate risks threaten banks' financial stability and evaluate critically the effectiveness of technical strategies in providing immunization against such risks

While strategic management is a cornerstone of any MBA program, it's almost always taught from conventional theories and typically US case studies. This book takes those traditional theories and interprets them from an Islamic perspective using more international case studies. Though primarily intended as a textbook for business students, the book is also extremely useful for any Muslim business leaders who want to transform their businesses while complying with Shariah, with a particular focus on developing corporate cultures and structures in sync with Islamic values.

These subjects are aimed for banking practitioners who desire to have solid knowledge, rounded skills, and be responsive to the changing needs of various stakeholders. These subjects are pre-requisite for new entrants to banking industry who wish to be equipped with the knowledge and skills to face the challenges of the fastchanging markets. The Hong Kong Institute of Bankers (The HKIB) has been serving the local banking community in the provision of education and training since 1963. Their continuous professional development program, which comprises of professional examinations and training courses, has helped bank employees to make advancements in their banking career, and is valued by most of them who are determined to strengthen their knowledge base.

• Offers a critical review of conventional strategic management theory, suggesting more effective alternatives based on a combination of conventional and Islamic theories • Includes international case particularly Islamic angle





Dr. Fontaine is currently an assistant professor in management, International Islamic University Malaysia, which he joined in 2010. He started his career by working at Barclays Bank in France, Intel Corporation, UK, and then for Raychem Corporation, UK. Over the years, Dr Fontaine has taught various courses at the MBA level, including strategic management, international business and organizational behavior. Prof. Dr. Khaliq Ahmad is currently Dean of the Kulliyyah (Faculty) of Economics and Management Sciences at the International Islamic University Malaysia (IIUM). His administrative career expands over 23 years. Over the years, he has pioneered the development of case studies related to Islamic management topics. He has written 11 books, written more than 30 articles and a variety of case studies.

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Finance & Investments

Property Finance: An International Approach + Website

Angela Merkel: A Chancellorship Forged in Crisis

Giacomo Morri, Antonio Mazza 978-1-118-76440-4 / 1-118-76440-4 288 pp. Pub: 10/01/14 General Finance & Investments

Alan Crawford, Tony Czuczka 978-1-118-64110-1 / 1-118-64110-8 216 pp. Pub: 21/06/13 General Finance & Investments

Built on a solid theoretical background, this text is a practical tool featuring real case studies which cover the most common issues in property lending and financing. The cases are not country specific, but rather they raise general issues which are internationally relevant. Case studies include examples with numerical calculations supported by Excel spread sheets which are freely available on the Book’s website. By releasing spread sheets as they are practically used with all formulas included, the reader is able firstly to read the theory and secondly to use a powerful tool in order to learn how to structure financing and gauge its effects on property investment.

This definitive biography aims to uncover the true Merkel, the influences that contribute to her decision-making and the key moments in her chancellorship that illustrate where she might take Europe if she wins a third term in 2013. Merkel's role in the financial crisis rippling through Europe has yet to be written, even though its impact is felt globally and has permeated down to the front pages of newspapers worldwide. Experts in her policies, the authors have tracked her every move since she came to power in November 2006. They are uniquely placed to tell the tale of her evolving crisis management and predict where she might be going. The authors also intend showing for the first time how her East German upbringing under a Communist regime, far from being an anomaly, shapes her everyday approach to forging a new Europe.

The book is divided into two parts, a general part and a country-specific one. In the first part of the text, all of the general issues concerning real estate lending are considered at an international level, including financial cash flows and the main clauses of financing agreements. The second part is country-specific in Europe, and contains a comparison on the most relevant elements (such as guarantees) for the most important European markets: UK, France, Germany, Spain and Italy.

• Globally relevant as her policy decision affect the world's financial centers, from Hong Kong to London to Wall Street.

Giacomo Morri is Professor, Accounting, Control, Corporate Finance and Real Estate Department at SDA Bocconi School of Management and Lecturer in Real Estate Finance at Bocconi University. He is Past-president and Board Member of the European Real Estate Society, President of AICI Sezione Giovani, and sits on the editorial board of the Journal of European Real Estate Research. He is also the founder of, a website intended to promote his books and other research and educational activities. Antonio Mazza is General Manager of “Aareal Bank AG” Italy ( and a board member of several companies within the “Aareal Group” - Italy. He is a Professional Member of the Royal Institution of Chartered Surveyors (R.I.C.S.) and a member of several ABI (Italian Banks Association) commissions. He regularly speaks at various seminars and courses related to real estate finance, including executive and Masters courses in Real Estate at SDA Bocconi, Bocconi University and the Luiss Business School. He is the author of the book “Finanziamento Immobiliare”, EGEA, 2010.

• This project is a first, putting the leader of Germany in her political and cultural context for a global audience to explain how she sees the world as she remoulds it. Alan Crawford joined Bloomberg as German government editor in January 2006, and has monitored every step of Merkel’s terms, overseeing a succession of features and exclusives on her evolving career and global influence. Crawford has also written widely on government and politics across Europe for Bloomberg and was lead writer at several Brussels summits of European leaders during the euro crisis and again at the G20 finance ministers' meeting in Mexico City in 2012. Tony Czuczka joined Bloomberg News in 2009 as the political correspondent responsible for Chancellor Merkel, covering her re-election and the eruption of the European debt crisis at a level of detail and analysis that few other news organisations have access to. For the past four years, he has had access to Merkel that only a handful of foreign correspondents have, from invitation-only gatherings where she displays rare flashes of humor to major global conferences that expose the strains of leadership.

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Profiting from Hedge Funds: Winning Strategies for the Little Guy

The Road to Recovery: How and Why Economic Policy Must Change

John Konnayil Vincent

Andrew Smithers

978-1-118-46520-2 / 1-118-46520-2 256 pp. Pub: 11/07/13 General Finance & Investments

978-1-118-51566-2 / 1-118-51566-8 256 pp. Pub: 14/10/13 General Finance & Investments

A unique approach to personal investing using the strategies and investment styles of leading hedge fund managers. The book will be supported by the author's blog that regularly updates the key investment activities of the world's top hedge funds.

Renowned economist, Andrew Smithers, explains the practical steps that need to be taken, and the changes to economic theory that need to be accepted, in order to prevent another financial crisis. • Andrew's work regularly receives press coverage including the FT, the Economist, Forbes, WSJ, New York Times.

The most successful hedge fund managers and superstar investors outperform the markets impressively, while most fund managers--and individual investors as well--usually underperform the market averages. Based on the figures released by the Edgar System each quarter, this book analyzes the performance of hedge fund managers controlling at least $100 million in Assets Under Management to help other investors close the gap between themselves and the industry's top fund managers. With model portfolios that produced solid returns, examination of the tactics of the best fund managers, and a set of effective strategies for sound absolute returns, Profiting from Hedge Funds is the perfect guide for investors who want to improve their game by learning from the best.

• He is well known for accurately calling the markets well in advance of events--he urged caution and told investors to steer clear of equities as the dotcom boom roared ahead; he asked whether banks had adequate capital well in advance of the realization that they did not; he predicted that sterling would weaken dramatically and wrote a timely report on Paulsons's Bad Plan which got very good press coverage. • Barton Biggs says that Andrew is “one of the five best, most dispassionate, erudite analysts in the world”. Charles Goodhart says "It takes a brave man to forecast the movement of markets. But Andrew Smithers and Stephen Wright are the Cassandras of the New York Stock Exchange”.

• Includes fascinating insights into the investment styles of the most successful hedge fund managers.

Andrew Smithers is founder of Smithers & Co., which provides economics-based asset allocation advice to over 100 of the world's largest fund management companies. Andrew is a regular contributor in Japan to the Nikkei Veritas' Market Eye column. He was a regular contributor to the London Evening Standard and Japan's Sentaku magazine, and has written for many other newspapers and magazines, including the Financial Times, Forbes (US), Sunday Telegraph (UK), Independent on Sunday (UK) and Genron (Japan). Andrew is an invited contributor to the prestigious Economist's Forum on the FT website. Andrew is also a member of the Advisory Board for the Centre for International Macroeconomics and Finance (CIMF) at Cambridge and has also been a member of the Investment Committee at Clare College, Cambridge since 1998. Prior to starting his own firm, Andrew was at S.G.Warburg & Co. Ltd. until 1989 where he ran the investment management business and which, by the end of his tenure, was the acknowledged market leader. This was subsequently floated off as a separate company, Mercury Asset Management, which was acquired by Merrill Lynch in 1998.

• Features model portfolios based on the holdings and activity of high-performing money managers. • Offers key lessons for success that work across all portfolios. Stock Investors. Mutual Fund Managers and Academics. John Konnayil Vincent worked with various software development groups in the San Francisco Bay Area for almost two decades. Highlights of that career include several inventions in the database technology field that were awarded patents, and performance awards. Recently he has made a career shift into wealth management. His writings related to stock market activity have appeared in Seeking Alpha and other sites.

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NeuroInvesting: Build a New Investing Brain

Operational Risk Management

Wai-Yee Chen

Hong Kong Institute of Bankers (HKIB)

978-1-118-33921-3 / 1-118-33921-5 256 pp. Pub: 08/08/13 General Finance & Investments

978-0-470-82765-9 / 0-470-82765-3 256 pp. Pub: 06/06/13 Finance & Investments Special Topics

This book is a cross between investing secrets and neuroscience, written by an Investment Adviser who deals with high net worth individuals on a daily basis. The different temperaments of her clients and the way they make decisions that confront them, fascinate as much as frustrate her. Being confined by an industry where Advisers are allowed only to advise their clients and not make decisions for them, how her clients decide is the biggest angst of her job.

Operational Risk Management is an in-depth study of how banks and financial institutions can best identify, analyze and tackle operational risks. Created for banking and finance professionals with a desire to expand their management skill set, this book focuses on operational risk and operational risk events, as distinct from other types of functional risks. • Schools techniques for analyzing the operational risk exposure of banking institutions and assessing how operational risk impacts on other types of risk.

Her clients, most of whom do not deal with the financial markets on a daily basis, are required to make a “yes” or “no” decision to buying, selling or holding on to certain investments, sometimes for a large sum of their savings, with just a phone call or email attached with a short explanation or opinion. Throwing into the mix, irrational financial market at times and fast moving share prices, this is often not an easy task for most.

• Provides expert guidance on how to design, plan and implement systems for operational risk management and quality control. • Describes a comprehensive approach to operational risk management that includes data collection, modeling and an overall risk management structure. • Shows you how to develop operational risk management solutions to help your company minimize losses without negatively impacting its ability to generate gains.

The author finds that though confronted by similar sets of uncertain market variables, clients often make decisions quite differently. Over the sixteen years of dealing with different investors, she has considered and mulled over many factors that possibly set investors apart, from those who make winning decisions to those who don’t. The author finally pinned down four major elements. This book does not just reveal these four elements but also describe how we can all have them – through a new brain.

• Offers expert guidance on various regulatory frameworks and how the latest Basel II and Basel III requirements impact a bank's operational risk management strategy and framework. The Hong Kong Institute of Bankers (The HKIB) has been serving the local banking community in the provision of education and training since 1963. Their continuous professional development program, which comprises of professional examinations and training courses, has helped bank employees to make advancements in their banking career, and is valued by most of them who are determined to strengthen their knowledge base.

Readers will find the plain explanations of our brain easy to understand and at the same time intrigued by how easily we can all re-wire our brains, for greater success. Wai-Yee Chen has been helping high net worth investors manage investment portfolios for the past sixteen years. She is the Head of Derivatives and Partner of a managed office of RBS Morgans which was formed by a merger of Morgan Stockbroking Limited, one of Australia's premier retail brokers, and stockbroking arm of RBS Australia (then ABN AMRO) in October 2000. The RBS group is a large international banking and financial services company. Headquartered in Edinburgh, the Group operates in the UK, Europe, the Americas and Asia, serving more than 40 million customers.

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Risk Management for Islamic Banks: Recent Developments from Asia and the Middle East

Business Strategy in Private Wealth Management

Imam Wahyudi, Miranti Kartika Dewi, Fenny Rosmanita, Muhammad Budi Prasetyo, Niken Iwani Surya Putri

978-0-470-82769-7 / 0-470-82769-6 256 pp. Pub: 02/12/13 Finance & Investments Special Topics

978-1-118-73442-1 / 1-118-73442-4 256 pp. Pub: 20/01/14 Finance & Investments Special Topics

The Hong Kong Institute of Bankers offers Specialist subjects designed for the preparations of the diploma examinations to provide banking executives professional qualification.

The growth in Islamic banking has precipitated a number of developments in the area of Risk Management. This timely book from the faculty of the University of Indonesia analyzes risk management strategies from Indonesia, Malaysia, UAE, Bahrain, Pakistan and Saudi Arabia.

On completion of this subject, participants should be able to:

Hong Kong Institute of Bankers (HKIB)

• Evaluate critically how private wealth management service can fit into both onshore and offshore private wealth management and finance areas and formulate corresponding strategies that integrate cross border investment services for the Greater China region.

• The risk management practice is presented from the perspectives of different banking institutions.

• Differentiate the local private wealth management market from the global scene, in respect of the factors affecting the market environment and the private wealth management needs of the different types of high net worth clients.

• Comprehensive with global case studies, this book discusses each type of risk involving various Islamic banking institutions The authors are lecturers at the Faculty of Economics, University of Indonesia (FEUI). Universitas Indonesia (UI) is a modern, comprehensive, multi-cultural campus that covers a wide array of disciplines. UI simultaneously strives to be one of the leading research universities and the most outstanding academic institution in the world. As a world class research university, UI seeks to achieve the highest level of distinction in the discovery, development and diffusion of advance knowledge regionally and globally. UI is distinctive among research universities in its commitment to the academic invention and research activities through various programs.

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• Lead and manage a team to deliver a wide range of investment solutions to private wealth management clients. • Conduct research to investigate the source and market characteristics of wealth management business growth in the Greater China region.

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Investing In Islamic Funds: Islamic Finance: The New A Practitioner's Regulatory Challenge Perspective Rifaat Ahmed Abdel Karim, Simon Archer Noripah Kamso

978-1-118-24704-4 / 1-118-24704-3 550 pp. Pub: 18/06/13 International Finance

978-1-118-63892-7 / 1-118-63892-1 256 pp. Pub: 06/06/13 Finance & Investments Special Topics

From the world's foremost authorities on the subject, the number-one guide to Islamic finance revised and updated for a post-crisis world.

An excellent introduction to the investment opportunities in Islamic funds written by the dynamic and high-profile CEO of the world's leading Islamic finance bank.

Because it is entirely equity-based, rather than creditbased, Islamic finance is immune to the speculative bubbles and runaway volatility typical of Western finance. Especially now, in the wake of the global financial crisis, this has made them increasingly attractive to institutional investors, asset managers and hedge funds in search of more stable alternatives to conventional financial products. With interest in Islamic finance swiftly spreading beyond the Muslim world, the need among finance and investment professionals has never been greater for timely and authoritative information about the rules governing Islamic finance. This thoroughly updated and revised second edition of the premier guide to regulatory issues in Islamic finance satisfies that need.

Offering an insider's perspective on a rapidly growing sector of the financial industry, Investing in Islamic Funds details the basic principles of Islamic investing for Muslims and non-Muslims alike. It explains how Islamic equity and fixed-income products differ from traditional funds, and how they deliver excellent results while still conforming to Sharia principles. Using hard data from the last six years, the book also reveals how Islamic funds have offered predictable, reliable returns in volatile markets and turbulent financial times. For institutional investors as well as sophisticated individual investors, the book serves as an excellent introduction to the subject and surveys the full range of products available. Additionally, the book will arm financial services professionals with the knowledge they need to explain this new investment opportunity to clients.

• Addresses the need to develop common Islamic-based international accounting and auditing standards. • Clearly explains the key differences between Shari'ah rulings, standardisation of acceptable banking practices, and the development of standardised financial products.

• One of the few books available that offers comprehensive data on the performance of Islamic funds in addition to the underlying theory that governs them.

• Explores the role of the Shari'ah Boards in establishing common rules regarding the permissibility of financial instruments and markets.

• Written by the CEO of CIMB-Principal Islamic Asset Management, the world's leading Islamic finance bank. • Features charts, case studies, comparative analysis, and a tabular data format.

• Offers guidance for regulators seeking to adapt their regulatory frameworks to the needs of the fast-growing Islamic finance sector.

• Debunks the misconceptions traditional investors may have about the profitability Islamic funds.

Rifaat Ahmed Abdel Karim is one of the world's foremost authorities in the Islamic financial services industry (IFSI) both at the professional and academic levels. He has played a pioneering role in the development of Islamic finance, while his leadership in drafting accounting, auditing, governance, Shari'ah and regulatory standards has been instrumental in establishing the position of the IFSI in the mainstream of global banking. Simon Archer is a Visiting Professor at the ICMA Centre, Henley Business School, University of Reading, UK, with particular responsibility for Islamic Finance. He has been a Visiting Professor at a number of universities and business schools, including, Bordeaux, Metz, Paris-Dauphine, HEC and EAPESCP in France, Copenhagen Business School in Denmark and Frankfurt and Koblenz in Germany.

Datuk Noripah Kamso is the Chief Executive of CIMBPrincipal Islamic Asset Management Sdn Bhd. Since 2008, she has successfully established a global platform for the firm to extend its reach across the globe. The firm acts as a global partner to global institutional investors, providing a range of Shariah investment portfolios to suit differing investment needs. The firm offers global capabilities in Equities and Sukuk to institutional clients like central banks, pension houses, takafuls and SWFs. Besides being a dedicated end-to-end Shariah global house, the firm is also GIPS compliant since December 2009.

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Islamic Capital Markets: A Comparative Approach

Pricing and Hedging Financial Derivatives and Structured Products: An Introductory Guide

Obiyathulla Ismath Bacha, Abbas Mirakhor 978-1-118-46514-1 / 1-118-46514-8 448 pp. Pub: 28/08/13 International Finance

Leonardo Marroni, Irene Perdomo 978-1-119-95371-5 / 1-119-95371-5 280 pp. Pub: 01/11/13 Introductory Finance

Taking a comparative approach to the subject, this text looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each particular topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, this approach also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.

An accessible and detailed guide to pricing and hedging financial derivatives. One valuable lesson of the financial crisis was that derivatives and risk practitioners don't really understand the products they're dealing with. Written by a practitioner for practitioners, this book delivers the kind of knowledge needed to fully understand derivatives and price and hedge them effectively. Most derivatives books are written by academics and are long on theory and short on the day-today realities of derivatives trading. Of the few practical guides available, very few of those cover pricing and hedging--two critical topics for traders. What matters to practitioners is what happens on the trading floor-information only seasoned practitioners such as authors Marroni and Perdomo can impart.

Ideal for both students and current practitioners, The New Islamic Capital Markets fills a large gap in the current literature on the subject. Whereas most books in this field cover the topic only superficially, this book offers the depth of coverage and academic rigor needed by professionals and serious students. • Fills a gap in the current literature on the subject with comprehensive coverage and in-depth explanations

• Lays out proven derivatives pricing and hedging strategies and techniques for equities, FX, fixed income and commodities, as well as multi-assets and cross-assets.

• Takes a comparative and holistic approach to the subject and features case studies from Asia, the Middle East, and Europe

• Provides expert guidance on the development of structured products, supplemented with a range of practical examples.

Professor Dr. Obiyathulla Ismath Bacha is currently Professor of Finance and the Head of the Graduate Studies Department at the International Centre for Education in Islamic Finance ("INCEIF"), a post graduate university specialising in Islamic Finance, established by Bank Negara Malaysia. Prior to joining INCEIF, he was the Director of the International Islamic University Malaysia Management Center. Professor Obiyathulla began his working career as a Credit Officer at Maybank. Professor Obiyathulla is currently President of the Malaysian Finance Association. He has also been a trainer at several institutions such as the Securities Commission of Malaysia and the Central Bank of Malaysia. Internationally, he has conducted training programs in Islamic Capital Markets at the University of Luxembourg, The Chinese University of Hong Kong, Waseda University, Japan, IDB Jeddah and elsewhere. He has published scholarly articles in numerous local and international journals and has presented papers at several international and Islamic finance conferences. Dr Abbas Mirakhor is currently the First Holder of the Chair of Islamic Finance in INCEIF.

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• Packed with real-life examples covering everything from option payout with delta hedging, to Monte Carlo procedures to common structured products payoffs. • The Companion Website features all of the examples from the book in Excel complete with source code. All finance practitioners, MSc and MBA students. Leonardo Marroni is an Asset Manager at GLG Partners. He joined the EM team in January 2010 from Barclays Capital where he was working in the Commodity Investor Structuring team responsible for product development and execution of commodity investment derivatives. Before joining Barclays Capital, Leonardo was working in the Equity Structured Product Trading team at Banca Caboto in London where he was responsible for structuring and trading algorithmic products. Irene Perdomo is an Associate Vice President at Barclays Capital.

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Value Investing in Growth Taming the Money Sharks: Companies: How To Spot 8 Super-Easy Stock High Growth Businesses Investment Maxims and Generate 40% to 400% Philip Shu-Ying Cheng Investment Returns 978-1-118-55042-7 / 1-118-55042-0 Rusmin Ang, Victor Chng

200 pp. Pub: 27/06/13 Investments & Securities

978-1-118-56779-1 / 1-118-56779-X 256 pp. Pub: 18/06/13 Investments & Securities

Easy-to-follow guidelines from a pro for simplifying your investments, protecting yourself from the investment sharks and achieving financial freedom. Drawing on his years as an investor for leading banks in the U.S. and Asia, Philip Cheng delivers down-to-earth strategies guaranteed to make you "shark-proof" while you optimise investment returns. Statistics show that only 20% of small investors ever come close to achieving their investment goals. The other 80% get eaten alive by "investment sharks"--investment advisors, fund managers and other hucksters out to line their pockets with your hardearned cash. Motivated by a sense of fair play, Cheng resolved to write an investor's survival guide in which he'd share everything he's learned in his years as a successful professional investor. The result is Taming the Money Sharks. The easy-to-follow guidelines you'll find in this book will help you navigate the shark-infested waters of the investment world, all the way to the financial freedom you dream of and deserve.

Authors Rusmin Ang and Victor Chng introduce the valuegrowth investing model made famous by legendary investor Warren Buffet. It explains how to go deep into the heart of any business and uncover potential growth at pennies on the dollar-yielding tremendous capital returns. This revised edition serves as a step-by-step guide that lets investors combine the value investing and growth investing models to find excellent investment opportunities in emerging Asian companies. Though these two investing styles are very different, the authors' proprietary "jigsaw puzzle" model integrates them into a holistic investing approach that will help readers enjoy the kind of extraordinary results that investors like Warren Buffett or Peter Lynch built their fortunes on. This model focuses on four vital criteria that, when combined, pinpoint excellent companies in which to invest. Those criteria are: simple business models, quality management, healthy financial numbers, and accurate valuation. This book shows investors how to find growth companies in Asia that combine these four criteria for nearly surefire profits.

• A must-have survival guide for novice investors, and a source of fresh thinking and innovative strategies for experienced investors. • Features many illustrations, summaries, charts, real-world examples along with other powerful tools to help you avoid common mistakes and win at the investment game.

• Offers a sensible and stress-free investing strategy that is ideal for anyone looking for investment opportunities in fast-growing Asian countries

• Lays out 8 proven strategies for investing systematically and surviving and thriving in the shark-infested waters of the stock market.

• This revised edition includes new case studies focused specifically on Asian companies and their unique characteristics

Private investors, corporate training firms, finance societies, universities, high schools, etc.

• Perfect for investors who want to focus on high-growth, small-cap companies that offer excellent potential returns

Philip Cheng was the Chief Investment Officer at MetLife Taiwan, a wholly owned subsidiary the largest Life Insurance Company in the US. Beginning in 1996, and during his 11 years as Chief Investment Officer, he was managing a diversified portfolio with total assets under management of approximately US$2 billion. He provided the leadership in setting up of investment policies and strategies to enhance portfolio yield; implementation of asset allocation strategies to increase return on equity; and the oversight and the implementation of risk management tools to achieve optimal return on capital.

Rusmin Ang and Victor Chng are the chief business analysts at 8 Investment Pte Ltd. Together they specialize in unearthing high-growth, small capitalisation companies.

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Introduction to Private Equity: Venture, Growth, LBO and Turn-Around Capital, 2e

Strategic Risk Management: A Practical Guide to Portfolio Risk Management

Cyril Demaria

David Iverson

978-1-118-57192-7 / 1-118-57192-4 408 pp. Pub: 12/07/13 Investments & Securities

978-1-118-17640-5 / 1-118-17640-5 288 pp. Pub: 08/08/13 Institutional & Corporate Finance

The fully updated and expanded second edition, Introduction to Private Equity and Private Finance 2e is an introductory guide to the private equity industry, its function, segmentation and future generation investment with added content on Private Finance.

A comprehensive guide to the key investment decisions all investors must make and how to manage the risk that entails. The owners, fiduciaries and beneficiaries of large funds have limited or poor understanding of the key aspects of good portfolio design in meeting their investment objectives and investment risks they face. This book will provide a comprehensive treatment of the key investment decisions all investors need to make and the risks that accompany these decisions and how to manage them.

• Private equity represented over 45.5 billion invested in Europe in 2010. Funds raised actually exceeded 39 billion (+80% year-on-year). Cyril Demaria is an Associate Professor of Finance at ESSCA (France and Budapest), at the Université Catholique de Paris, in France and at EADA, Barcelona, where he teaches Private Equity, LBO, Money and Finance and International Finance. Before moving to academia, he worked in multi strategy fund of funds at Pionat Viable investments, and previously in Adveq in Zurich. He has also held positions as a portfolio equity manager at Maaf Gestion, where he managed assets in excess of $60 Million, and was also head of Corporate Development at Externall in Paris. He is also on the Advisory Board of the Eurosif Committee, and collaborates regularly with the European Venture Capital Association (EVCA).

Since all investors seek maximize returns balanced against acceptable risks, successful investment management is all about successful risk management. Strategic Risk Management uses that reality as a starting point, showing investors how to make risk management a process rather than just another tool in the investor's kit. The book highlights and explains primary investment risks and shows readers how to manage them across the key areas of any fund, including investment objectives, asset allocation, asset class strategy, and manager selection. With a strong focus on risk management at the time of asset allocation and at the time of implementation, the book offers important guidance for managers of benefit plans, endowments, defined contribution schemes, and family trusts. • Offers a thorough examination of the role of risk management in the decision-making process for asset allocation, manager selection, and other duties of fund managers • Addresses the fundamental importance of risk management in today's post-crisis fund management landscape David Iverson is Head of Asset Allocation with New Zealand Superannuation Fund and was previously Director of Institutional Investment Services & Quantitative Research at Goldman Sachs JB Were and has also held positions with Russell Investment Group, ING Investment Management and ABN Amro. David is a frequent speaker at international financial events, and a member of the CFA Institute. He has also published in academic and practitioner finance journals.

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Financial Engineering

Handbook of MultiCommodity Markets and Products: Structuring, trading and risk management

Measuring and Managing Liquidity Risk Antonio Castagna, Francesco Fede 978-1-119-99024-6 / 1-119-99024-6 600 pp. Pub: 14/06/13 Financial Engineering

Andrea Roncoroni, Gianluca Fusai 978-0-470-74524-3 0-470-74524-X 992 pp. 15.24 x 22.86 cm.

The last few years have seen huge change in the way the global money markets operate, with practitioners still learning to work in the new environment. A major change in the industry has been the acknowledgement that banks and institutions need to better manage liquidity risk, and an entire range of new concepts, approaches and models now apply to measurement and management in this area, including the access to liquidity in a stressed market environment, the cost of liquidity and its transfer pricing amongst bank’s departments, the impact of counterparty risk mitigation agreements in the management of the liquidity, and of course, new regulation.

Non-technical, yet sophisticated The Handbook of Multi Commodity Markets is a practical manual which covers everything the professional needs on in order to become acquainted with the structure, functioning, rules and practices across a wide spectrum of commodity markets and master a large set of different skills and bodies of knowledge. In particular, the book focuses on the convergence of topics such as arbitrage valuation, econometric modelling, market structure analysis, contract engineering, risk assessment and management.

This is a fully up-to-date, cutting edge guide to the measurement and management of liquidity risk. Written for front and middle office risk management and quantitative practitioners, it provides the ground-level knowledge, tools and techniques for effective liquidity risk management. Highly practical, though thoroughly grounded in theory, the book begins with the basics of liquidity risks and, using examples pulled from the recent financial crisis, how they manifest themselves in financial institutions. The book then goes on to look at tools which can be used to measure liquidity risk, discussing risk monitoring and the different models used, notably financial variables models, credit variables models and behavioural variables models, and then at managing these risks. As well as looking at the tools necessary for effective measurement and management, the book also looks at and discusses current regulation and the implication of new Basel regulations on management procedures and tools.

It shows how, in terms of profit-making or risk management, you can exploit pay-off profiles and trading strategies by betting on the evolution of a diversified set of commodity prices and how you should price energy products and other commodities belonging to markets segmented across specific structural features • No other book combines a detailed overview of each market with a set of tools for analysing, pricing and risk managing deals Traders, Structurers and Risk Managers wishing to broaden their knowledge of multi-commodity markets. Andrea Roncoroni is Associate Professor of Finance at ESSEC Business School and regular Lecturer at Bocconi University (Milan). He is Director of the Master in Energy Finance and Commodity Trading (MEF) jointly organised by the Milan Engineering School (MIP-Politecnico di Milano) and the Italian Power Exchange (GME). Gianluca Fusai, is Professor in Financial Mathematics at the Universitå degli Studi del Piemonte Orientale, Italy, and a Research Associate at the Financial Options Research Centre, University of Warwick. He has published on these topics in the Journal of Banking and Finance, Journal of Computational Finance, Finance and Stochastics, Risk, Annals of Applied Probability, and the International Journal of Theoretical and Applied Finance.

The book will be accompanied by web based tools including example spreadsheets to illustrate many of the more complex topics in the book. Antonio Castagna is Partner of Consulting Firm Iason ltd. F.F and Head of Structured Products, Banca Profilo, Italy. Prior to this, he was head of FX Volatility trading at Banca IMI and has also held positions as Interest Rate options trader, FX options trader, Milan, and Financial Risk Analyst at IMI Luxemburg. Francesco Fede is Head of Treasury at Banca IMI, Italy, one of the major European investment banks, and is also involved in redefining the liquidity policy for the IntesaSanPaolo Bank, the parent company of Banca IMI and the second largest Italian bank. F i n a n c e

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Pub: 29/11/13 Financial Engineering

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Modern Interest Rate Markets and Models: Multiple Curves, Collateral, Funding and Credit

Personal Finance Family Wealth Management: Seven Imperatives for Successful Investing in the New World Order

Marco Bianchetti, Massimo Morini 978-1-118-44201-2 / 1-118-44201-6 384 pp. Pub: 24/01/14 Financial Engineering

Mark Haynes Daniell, Tom McCullough

An indispensable working resource for quants, risk managers, traders and all finance professionals concerned with interest rates and pricing models.

978-0-470-82429-0 / 0-470-82429-8 352 pp. Pub: 09/09/13 Personal Finance

The global credit crunch and its aftermath have seen historic changes in the patterns of interest rate market data giving rise to radically new approaches to interest rate modeling. Most savvy traders and speculators understand the importance of these changes, especially as concerns derivatives trading and risk management, but details about them and their practical implications are hard to come by. Written by two of the EU's top quantitative analysts and risk management practitioners, this book provides comprehensive, practical coverage of the new world of interest rate theory and practice that has emerged over the past few years.

This book provides a new and entirely unique model of investing which yields both high returns and is consistent with a family's greater vision and values. Embedded in the new approach to investing are both the best of the past practices of investment and a specific set of ‘next practices' that allow wealthy families and their advisors to protect and grow their wealth across generations and through crises of all kinds. The book addresses both ‘hard' issues of asset allocation and the equally important ‘soft' issues to ensure that families at all times are acting consistently with their own vision and in full alignment with a set of valuable ethical and governance principles. This is a practical book; the new approach described in detail, and contains a step by step guide to its application.

• The only book covering both modern interest rate theory and market practice for a range of financial products • Explores key changes in the interest rate market and illustrates the major shortcomings of attempting to apply classical modeling techniques to today's market

• Introduces you to an important the new approach to family wealth management, along with step-by-step guidelines to putting it to work immediately.

• Reveals the drivers behind new interest rate data patterns and develops a mathematical framework for understanding the current market

• Develops a solid framework for investment and long term family wealth preservation that is accessible for financial advisors and wealth managers, as well as individual.

• Shows how to construct multiple interest curves and volatility surfaces and provides derivatives pricing techniques tailored to today's market

• Covering all asset classes, it clearly assesses the various risks and opportunities inherent in the full array of modern investment vehicles, traditional, alternative and "exotic".

• Demonstrates how to create multiple-curve versions of the most important interest rate models--including Black, SABR, Libor, and HJM

Mark Haynes Daniell, founder and Chairman, Raffles Family Wealth Trust, a boutique advisory business based in Singapore which is focused on preserving and enhancing family wealth. He is former Director, Bain & Company, one of the world's leading strategy consulting firms, where he worked for more than 20 years with some of the world's wealthiest families and their businesses around the worked. Tom McCullough is Chairman and CEO of Northwood Family Office LP.

Marco Bianchetti is Senior Quant and Risk Manager,Market Risk Management, Intesa Sanpaolo. His recent work focuses on model validation, model risk monitoring and on pricing and risk analysis of interest rate and inflation derivatives. Massimo Morini is Head of Credit Models and Coordinator of Model Research at IMI Bank, where he is responsible for the development and validation of new models for Interest Rates, Credit, Equity and Hybrids including at times Inflation and FX. He is also Professor of Fixed Income, Bocconi University. F i n a n c e

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Investing in Your Life: Your Biggest Investment Opportunities are Not Necessarily Financial

Think Like the Great Investors: Make Better Decisions and Raise Your Investing to a New Level

Ian Pollard

Colin Nicholson

978-1-74216-931-6 / 1-74216-931-7 352 pp. Pub: 19/06/13 Finance & Investments

978-1-118-58714-0 / 1-118-58714-6 280 pp. Pub: 13/07/13 Finance & Investments

Investing in Your Life empowers you to be successful on your terms - through engaged conversation and by applying lessons from the great long-term investors to build your life capita, your potential.

Raise your investing and trading to a whole new level of success, by conquering your worst enemy -- yourself! Successful trading relies on three vital skills: market analysis, money management, and decision-making. The first two are straightforward skills anyone can learn, but the third is much more difficult. Your ability to make the right decisions isn't based on hard facts, but psychological realities like your own temperament, your own biases, and the biases of other traders. In essence, you can only master the stock market when you master yourself first, and that starts with making the right decisions habitually. Think Like the Great Investors is organised into four distinct parts that show you how to understand your own temperament, the psychology of the market as a whole, your own biases and decision-making errors, and how to practically apply your understanding of these factors into your decision-making system.

The great investors of our time have taught us many lessons about generating enormous wealth through investment; but what if we could use those principles to realize our full potential -- not only financially, but in our relationships, education and careers? This book, takes you on a thought-provoking journey that will encourage you to view your conversations, relationships, opportunities and decisions in a whole new light. The multi-disciplinary approach will help you discover how to: • Improve your conversation and decision-making skills • Understand and manage your strengths and weaknesses • Build relationships and expand your networks • Change negative behaviour patterns • Learn from success and failure • Make uncertainty work better for you • Achieve a better work/life balance.

• Ideal for both inexperienced traders who want to lower their risk as well as experienced traders who lack that one final piece in the trader's skillset. Colin Nicholson has been investing his own money in shares for over 45 years. He is one of the very few teachers of investing who publishes his results on his website. Colin has taught both technical analysis and fundamental analysis for FINSIA, where he is a Senior Fellow. In 1998 he was rated Outstanding Presenter by students at the Securities Institute of Australia and has been a highly rated speaker at many Australian Investors Association and Australian Technical Analysts Association conferences. Colin has taught at five of Dr Alexander Elder's Traders Camps. He has written five books on investing (Building Wealth in the Stock Market, The Psychology of Investing, The Aggressive Investor, Hot Stocks 2007 and Hot Stocks 2008) and written for Shares magazine, Smart Investor magazine, The Australian Financial Review, BRW and extensively on his website

Dr Ian Pollard has had a lifetime interest in the development of people's capabilities and relationships, their identification of opportunities and their overcoming of hurdles. He has pursued this with youth (as a parent, in sport, in education and in the voluntary sector), with senior business or professional people (as a chairman, director or CEO of companies and as an executive coach) and as a writer. Importantly these diverse engagements all build Ian's own Life Capital. He is an actuary and Rhodes Scholar, represented Australia in tennis and is married with 3 children.

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How to Make Money While you Sleep!: A 7-Step Plan for Starting Your Own Profitable Online Business

The One Page Financial Plan: Everything You Need to Successfully Manage Your Money and Invest for Wealth Creation

Brett McFall

Sam Henderson

978-0-7314-0729-3 / 0-7314-0729-6 224 pp. Pub: 21/06/13 Finance & Investments

978-1-118-58849-9 / 1-118-58849-5 344 pp. Pub: 13/06/13 Personal Finance

As people are increasingly using the internet for shopping etc, more and more businesses are going online. The internet presents a huge, real opportunity for people to make money. This book will teach you how to have your own profitable internet business. Even if you're a total beginner, this book shows how simple it is to do.

Managing your money and creating wealth has never been so easy with this simple, effective financial planning guide. In The One Page Financial Plan, CEO and financial advisor Sam Henderson gives you a straightforward process for tailoring a financial plan that meets all your goals and needs. In fact, everything you need to comprehensively manage your money and create wealth can fit on one page.

In this jargon-free guide, author Brett McFall shows just how easy it is to set up your own online business. You'll discover how to make money by delivering a great deal of value without a great deal of effort. And you don't have to have a technical bone in your body to do it!

A comprehensive, step-by-step handbook for getting the most out of your money, this is the perfect tool for managing your assets effectively, whether you're a young person just starting out, or an experienced professional preparing for retirement. You'll learn to manage your money, navigate tax laws, plan for the future, and much more--all in the easiest manner you can imagine.

In seven simple steps, Brett takes you through everything you need to know to create a successful online business on a shoestring. Inside you'll learn how to: find a niche market; create a product; write an enticing sales message; design a website; sell your product.

• Offers simple, straightforward financial planning advice appropriate for anyone at any age.

Packed with useful tips, tools and techniques for setting up and maintaining an online business, How to Make Money While You Sleep! is a must-read for budding entrepreneurs.

• Written by Sam Henderson, CEO and Senior Financial Adviser at Henderson Maxwell. • Includes the latest advice on money management and wealth creation.

Brett McFall is an advertising copywriter and internet marketing expert. Over the past 18 years, he has written thousands of adverts, sales letters and websites for companies such as Tandy, McGrath Partners, Panthers World of Entertainment, Clarendon Homes, Auto One Parts & Accessories. He writes radio, print and television advertisements, brochures, catalogues, flyers, leaflets, sales letters and website content. Brett also specialises in creating products for the internet which he promotes and sells online, using low and no-cost marketing. Brett was the first person to ever conduct internet marketing seminars, and is the co-founder of World Internet Summit Corp Pty Ltd, which grew to a multi-million dollar company in just two years. Brett is also the author of three education manuals, all self-published and sold online.

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Whether you're 26 or 62, you shouldn't wait to take care of your money and plan for the future. The One Page Financial Plan makes taking control of finances as easy as 1, 2, 3.

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Get Rich Slow: Start Now, Trading Start Small to Achieve Real The Trader's Guide to the Wealth Euro Area: Economic Sarah Riegelhuth Indicators, the ECB and the 978-1-118-40616-8 / 1-118-40616-8 Euro Crisis 240 pp. Pub: 11/06/13 Personal Finance

David J. Powell

Finally, a personal finance book which shows the real way to build wealth, through slow money! Anyone can benefit from adopting the principles of getting rich slow, by starting small, starting now, and slowly building sustainable wealth throughout one's life.

978-1-118-44005-6 / 1-118-44005-6 224 pp. Pub: 13/09/13 General Finance & Investments The sovereign debt crisis in Europe has demonstrated that every investor around the world needs to understand how the euro area functions, but in reality many don’t fully understand the intricacies of data watching and monetary policy in Europe. Similarly, many investors based in Europe don’t fully understand the difference between the way the Bank of England, the European Central Bank, the Federal Reserve, the Norges Bank, the Riksbank and the Swiss National Bank operate. These differences became increasingly important when those central banks went beyond the traditional monetary policy tool of decreasing and increasing interest rates.

This book will show you how to take control of your finances and grow your wealth using nothing more than a few key principles and commonsense wisdom. It shows you how to let go of easy excuses, stop waiting around for magically simple solutions, set intelligent financial goals, and design an action plan that you can follow through to completion. Using a storytelling approach, it shares the financial experiences of the author and her clients, guiding readers through the tools and tactics necessary to effect positive financial change in their lives. Although focused on personal finance goals, the lessons here easily translate to life itself.

The Trader’s Guide to European Economic Indicators is a user-friendly guide for investors and traders to economic indicators for the developed economies of Europe. It explains the essentials of each of the euro area’s economic indicators, including those for Germany, and how they compare with those in the UK, Switzerland, Norway, Sweden, and the US. It covers the differences between a budget deficit, a primary deficit, a structural deficit and a cyclically adjusted deficit, and explains key differences between the European and US approach, such as why Europe targets headline inflation instead of core inflation like the Federal Reserve, why Europe focuses on M3 money supply growth, while the Federal Reserve has stopped publishing the time series, why Europe uses a oneweek refinancing rate for its key policy rate, while the Federal Reserve targets the Federal Funds rate, and why the ECB conducts MTROs and LTROs as part of their monetary policy.

• Move from keeping out of debt to real wealth creation. • Understand what drives your financial behavior and rid yourself of negative beliefs. • Simple tools to assess your situation, set goals, and track your progress. • Learn to rely on yourself and permanently remove financial stress. • Achieve a balance between enjoying your lifestyle now and creating financial freedom for the future. Sarah Riegelhuth is a Senior Financial Advisor and cofounder of boutique private wealth management firm Wealth Enhancers. Her career began in 2001 alongside her father, in family-owned financial advisory practice WealthMap Financial Strategies. In 2011, Sarah launched the League of Extraordinary Women, a company that is targeted towards supporting young female entrepreneurs and provides educational and motivational events, breakfasts, and workshops.

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David Powell, Senior Economist at Bloomberg LP, writes the daily Bloomberg Brief on economic developments in Europe, as well as publishes a weekly Bloomberg Currency Chart Book.

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Breakout: Achieving Trading Confidence, Discipline and Results

Charting Secrets: Trade Like a Machine and Finally Beat the Markets Using These Bulletproof Strategies

Steven Ward 978-1-118-31854-6 / 1-118-31854-4 224 pp. Pub: 31/01/14 Trading

Louise Bedford 978-1-118-54318-4 / 1-118-54318-1 360 pp. Pub: 10/06/13 Trading

Many traders know what to do and when to do it but find it difficult to action this, to do what they know, in real time in the live markets. What stops them? Themselves. The way they think, the feelings they experience and their habits, behaviours and actions.

It is a common myth that the sharemarket is a fast ticket to the easy life. Buy a few shares and watch them go up. Call your broker for up-to-the-minute price information as you drive the Porsche to the golf club. Yell ‘Sell! Sell! Sell' into your mobile as you ski through the Swiss Alps. Nothing could be further from the truth.

This book will help traders to understand why they think, feel and act the way they do when they are trading and teach them practical and powerful techniques and strategies that will enable them to breakout of their old ways and take their trading performances to new levels. • Harness the power of perception and belief to build a winning trading mindset. • Discover how to tap into the power of your unconscious mind. • Learn powerful ways to manage your emotional states. • Break old limiting habits and behaviours. • Find out how to use visualisation and mental rehearsal techniques to enhance your trading performance. • Master change and take your trading to new levels.

Louise Bedford believes that the only way to be successful in the market is to spend time studying and putting in the hard work, just like any other job. With this in mind, she has written Charting Secrets. Not just another trading book, Charting Secrets is a workbook that will have you practising what you have read, and really learning the techniques, rather than just reading about them. Louise starts with explanations of charting patterns and methods, and provides charts for you to practise on. She then provides step-by-step solutions so you can compare your results with hers.

Steve Ward started out working in sports and performance psychology with elite athletes and teams in over 30 different sports and with high performers, teams, managers and leaders in the corporate sector. Since 2005 Steve has focused on working with financial traders, trading teams and leaders in proprietary trading groups, energy companies, banks and funds across the world utilising his expertise in the areas of performance, psychology, lifestyle management and making decisions under conditions of risk and uncertainty. Steve has worked with traders and trading teams from Deutsche Bank, Credit Suisse, Westpac, Investec, National Australian Bank, BP, Shell, Eon, Stat Oil, Verica Asset Management, Irwin Mitchell Asset Management, Abu Dhabi Investment Authority, Bailee Gifford, Quant Capital, Tradelink, Marex Financials, Schneider Trading Associates and provided training for London Stock Exchange, CMC Markets, IG Index, International Traders Expo, World Money Show, and the Market Technicians Association.

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In this workbook you will learn the secrets of: • Charting basics • Lines, volume and moving averages • Macro reversal and continuation patterns • Candlestick charting and system development • Going long and short • Trading psychology-- and much more. In her usual easy-to-read style, Louise will have you recognising v-reversals, shooting stars, share stages, double tops, triangles and tasuki gaps in no time.

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Futures Made Simple Kel Butcher, Larry Williams 978-0-7303-7683-5 / 0-7303-7683-4 320 pp. Pub: 03/07/13 Trading Futures Made Simple is the essential guide for anyone who wants to make money trading futures without all the fuss. This uncomplicated guide for beginners proves that you don't have to be a financial wizard to successfully trade futures... and you don't have to hire a financial advisor to tell you what to do either. Instead, Futures Made Simple outlines the basic strategies that even novice investors can use to make money with futures. The book lays out just what you need to know--what futures are, how the exchanges work, how to analyse the markets, and how to trade futures either on- or offline. • An excellent entry-level guide to futures trading. • Written by a successful trader with almost two decades of experience in equities, futures, options, and other vehicles. • Features easy-to-understand examples and bulleted summaries of key points to make learning simple. For investors at any level of experience who want to move into futures trading, Futures Made Simple offers expert advice and fundamental guidance for profitable investing. Kel Butcher is a financial markets trader with over 18 years experience trading equities, futures, options, warrants, and CFDs. He is a regular contributor to Your Trading Edge magazine as the author of the 'Trader's Story' and 'Meet Your Broker' articles. He contributed to Give Your Trading the Edge--the book published in partnership with Your Trading Edge magazine. He has also contributed a number of feature articles to the magazine. Butcher acts as a consultant to a managed fund based in Sydney and to a boutique trading company also in Sydney. He is also a consultant to a share trading software program. Through his company Trading Wisdom Pts Ltd Kel also acts as a mentor and trading coach to a number of both private and corporate investors.

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Professional development and higher education titles published in the US, Canada & all For Dummies

Global STM, professional development and higher education titles published in UK, Singapore & Australia All languages except Asian languages.

Kristin Kliemann VP, Director of Global Rights Tel: +1 201 748 6412 Ashley Mabbitt Dutch, Portuguese, Spanish Tel: +1 201 748 7798 Joseph Grosso Japanese professional development, German, French Tel: +1 201 748 6683 Nicole Feanny Scandinavian, Polish, Russian, Ukrainian, and Baltic languages Tel: +1 201 748 8710

Sue Mattingley Medicine & health sciences Tel: +44 1865 476152 Julie Attrill Higher education, professional development and physical science Tel: +44 1243 770517 Dale Morgan Social science & humanities and life science Tel: +44 1865 476153


Jessica Roslin Middle Eastern, Eastern European language rights (excl. Polish), English reprint Tel: +1 201 748 7733

Titles from all locations, all Asian languages, except Japanese professional development titles

Natasha De Bernardi Italian Tel: +41 76 409 5192

Kate Song/Elena Luo/Iris Wang Simplified Chinese Tel: +86 10 8418 7815 Pauline Pek/Feifan Li/Cheryl Lee Bahasa Indonesian, Japanese, Korean, Orthodox Chinese, Thai, and Vietnamese Tel: +65 6 6438 090

Finance spring summer 2014  
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