{"product_id":"transforming-financial-institutions-isbn-9781119858836","title":"Transforming Financial Institutions","description":"\u003cp\u003e\u003cb\u003eTransform your financial organisation’s formula for value creation with this insightful and strategic approach \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eTransforming Financial Institutions through Technology Innovation and Operational Change\u003c\/i\u003e, visionary turnaround leader Joerg Ruetschi delivers a practical and globally relevant methodology and framework for value creation at financial institutions. The author demonstrates how financial organisations can combine finance strategy with asset-liability and technology management to differentiate their services and gain competitive advantage in a ferocious industry. \u003c\/p\u003e \u003cp\u003eIn addition to exploring the four critical areas of strategic and competitive transformation — financial analysis, valuation, modeling, and stress — the book includes: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplanations of how to apply the managerial fundamentals discussed in the book in the real world, with descriptions of the principles for reorganization, wind-down and overall value creation \u003c\/li\u003e \u003cli\u003eAn analysis of the four key emerging technologies in the financial industry: AI, blockchain, software, and infrastructure solutions, and their transformational impact \u003c\/li\u003e \u003cli\u003eReal-world case studies and examples on how financial institutions can be repositioned and rebuilt on a path of profitability \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePerfect for managers and decision makers in the financial services industry, \u003ci\u003eTransforming Financial Institutions through Technology Innovation and Operational Change\u003c\/i\u003e is also required reading for regulators, tech firms, and private equity and venture capital funds. \u003c\/p\u003e \u003cp\u003eAbout the Author xi\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Managerial Fundamentals\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Strategic Decision Making 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Strategic analysis 7\u003c\/p\u003e \u003cp\u003e1.1.1 Hypothesis-driven problem solving 8\u003c\/p\u003e \u003cp\u003e1.1.2 System theory 12\u003c\/p\u003e \u003cp\u003e1.1.3 Coherence 13\u003c\/p\u003e \u003cp\u003e1.2 Strategic planning 17\u003c\/p\u003e \u003cp\u003e1.2.1 Roadmap 17\u003c\/p\u003e \u003cp\u003e1.2.2 Impact assessment 17\u003c\/p\u003e \u003cp\u003e1.2.3 Strategic options and portfolio choices 20\u003c\/p\u003e \u003cp\u003e1.2.4 Action and response plan 21\u003c\/p\u003e \u003cp\u003e1.3 Operational excellence 23\u003c\/p\u003e \u003cp\u003e1.3.1 Operating model 23\u003c\/p\u003e \u003cp\u003e1.3.2 Balance scorecard 24\u003c\/p\u003e \u003cp\u003e1.3.3 Best practice and benchmarking 26\u003c\/p\u003e \u003cp\u003e1.4 Business performance improvement 26\u003c\/p\u003e \u003cp\u003e1.4.1 Portfolio optimisation 27\u003c\/p\u003e \u003cp\u003e1.4.2 Divestments and disposals 28\u003c\/p\u003e \u003cp\u003e1.4.3 Front-to-back optimisation 28\u003c\/p\u003e \u003cp\u003e1.4.4 Cost reduction 29\u003c\/p\u003e \u003cp\u003e1.4.5 Technology replatforming 31\u003c\/p\u003e \u003cp\u003e1.5 Merger and acquisition 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Financial Decision Making 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Financial analysis 35\u003c\/p\u003e \u003cp\u003e2.1.1 Financial statements 35\u003c\/p\u003e \u003cp\u003e2.1.2 Financial ratios 44\u003c\/p\u003e \u003cp\u003e2.1.3 Leverage analysis 46\u003c\/p\u003e \u003cp\u003e2.2 Financial valuation 47\u003c\/p\u003e \u003cp\u003e2.2.1 Valuation methods and principles 48\u003c\/p\u003e \u003cp\u003e2.2.2 Valuation models and techniques 53\u003c\/p\u003e \u003cp\u003e2.3 Financial modelling 61\u003c\/p\u003e \u003cp\u003e2.3.1 Risk and return 61\u003c\/p\u003e \u003cp\u003e2.3.2 Asset pricing 68\u003c\/p\u003e \u003cp\u003e2.3.3 Contingent claims 74\u003c\/p\u003e \u003cp\u003e2.4 Financial stress 86\u003c\/p\u003e \u003cp\u003e2.4.1 The cycle of financial stress 86\u003c\/p\u003e \u003cp\u003e2.4.2 Liquidity risk 88\u003c\/p\u003e \u003cp\u003e2.4.3 Market dislocations 90\u003c\/p\u003e \u003cp\u003e2.4.4 Systemic crises 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Asset-liability Management 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Risk transfer 101\u003c\/p\u003e \u003cp\u003e3.1.1 Principles of risk-taking 101\u003c\/p\u003e \u003cp\u003e3.1.2 The pricing taxonomy of risk 102\u003c\/p\u003e \u003cp\u003e3.2 Financial engineering 116\u003c\/p\u003e \u003cp\u003e3.2.1 Cash instruments 117\u003c\/p\u003e \u003cp\u003e3.2.2 Forwards and futures 120\u003c\/p\u003e \u003cp\u003e3.2.3 Swaps 124\u003c\/p\u003e \u003cp\u003e3.2.4 Options 132\u003c\/p\u003e \u003cp\u003e3.2.5 Securitisation 138\u003c\/p\u003e \u003cp\u003e3.3 Risk management 141\u003c\/p\u003e \u003cp\u003e3.3.1 Enterprise-wide risk management 142\u003c\/p\u003e \u003cp\u003e3.3.2 Value-at-risk 143\u003c\/p\u003e \u003cp\u003e3.4 Capital management 145\u003c\/p\u003e \u003cp\u003e3.4.1 Capital adequacy 145\u003c\/p\u003e \u003cp\u003e3.4.2 Capital structure 145\u003c\/p\u003e \u003cp\u003e3.4.3 Funding mix 147\u003c\/p\u003e \u003cp\u003e3.4.4 Capital allocation mechanism 148\u003c\/p\u003e \u003cp\u003e3.5 The Basel framework 149\u003c\/p\u003e \u003cp\u003e3.5.1 Historical context and development 149\u003c\/p\u003e \u003cp\u003e3.5.2 Methodological framework 150\u003c\/p\u003e \u003cp\u003e3.5.3 Regulatory capital 151\u003c\/p\u003e \u003cp\u003e3.5.4 Risk-weighted assets 154\u003c\/p\u003e \u003cp\u003e3.5.5 Liquidity requirements 161\u003c\/p\u003e \u003cp\u003e3.5.6 Additional regulatory considerations of the G20 reform 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Technology Management and Innovation 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Financial technology management 166\u003c\/p\u003e \u003cp\u003e4.1.1 Traditional role and innovation 166\u003c\/p\u003e \u003cp\u003e4.1.2 Targeted replatforming 167\u003c\/p\u003e \u003cp\u003e4.2 Emerging technologies 168\u003c\/p\u003e \u003cp\u003e4.2.1 Software and infrastructure 169\u003c\/p\u003e \u003cp\u003e4.2.2 Artificial intelligence 173\u003c\/p\u003e \u003cp\u003e4.2.3 Distributed ledger technology 177\u003c\/p\u003e \u003cp\u003e4.3 The transformational impact of financial technology 182\u003c\/p\u003e \u003cp\u003e4.3.1 Operational efficiency 182\u003c\/p\u003e \u003cp\u003e4.3.2 Augmented decision making 189\u003c\/p\u003e \u003cp\u003e4.3.3 Digital financial innovation 193\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Repositioning Financial Institutions\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Turnaround and Transformation 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Reorganisation and wind-down 204\u003c\/p\u003e \u003cp\u003e5.1.1 Legal principles 205\u003c\/p\u003e \u003cp\u003e5.1.2 Reorganisation and wind-down of financial institutions 212\u003c\/p\u003e \u003cp\u003e5.2 Turnaround process 217\u003c\/p\u003e \u003cp\u003e5.2.1 Crisis management 217\u003c\/p\u003e \u003cp\u003e5.2.2 Turnaround plan 220\u003c\/p\u003e \u003cp\u003e5.2.3 Financial restructuring 223\u003c\/p\u003e \u003cp\u003e5.2.4 Operational restructuring 228\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Value Creation and Growth 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Intrinsic value 231\u003c\/p\u003e \u003cp\u003e6.1.1 Growth initiatives 232\u003c\/p\u003e \u003cp\u003e6.1.2 High-impact situations and the M\u0026amp;A transaction life cycle 233\u003c\/p\u003e \u003cp\u003e6.1.3 Value creation plan 241\u003c\/p\u003e \u003cp\u003e6.2 Value optimisation 244\u003c\/p\u003e \u003cp\u003e6.2.1 Commercial optimisation 244\u003c\/p\u003e \u003cp\u003e6.2.2 Operational optimisation 246\u003c\/p\u003e \u003cp\u003e6.2.3 Financial optimisation 247\u003c\/p\u003e \u003cp\u003e6.3 Value realisation 248\u003c\/p\u003e \u003cp\u003e6.3.1 Governance and central programme management 248\u003c\/p\u003e \u003cp\u003e6.3.2 Operational blueprint 250\u003c\/p\u003e \u003cp\u003e6.3.3 Targeted implementation 254\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Conclusion\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Rebuilding the Global Banking Industry 259\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 The industry’s change and growth agenda 259\u003c\/p\u003e \u003cp\u003e7.2 The transformational impact of technology 261\u003c\/p\u003e \u003cp\u003e7.3 Specialisation and inclusive risk transfer 262\u003c\/p\u003e \u003cp\u003eAfterword and Acknowledgment 265\u003c\/p\u003e \u003cp\u003eBibliography 269\u003c\/p\u003e \u003cp\u003eIndex 275\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJOERG RUETSCHI, PhD,\u003c\/b\u003e is a value creation and turnaround specialist at the intersection of finance and technology. He has nearly 20 years’ international experience in banking and finance and holds a doctorate in finance, a Certified Turnaround Professional certification, and is a Chartered Financial Analyst.\u003c\/p\u003e  \u003cp\u003eFollowing the financial crisis of 2008, large, complex financial institutions operate with a return on equity significantly less than their cost of capital. At the same time, new technologies have transformed operating platforms and decision-making frameworks. These new technologies have the potential to reinvigorate the industry and put it back on a path to growth. Such a renewal, however, will require substantial investment and a willingness to break up existing organizational structures.\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eTransforming Financial Institutions: Value Creation through Technology Innovation and Operational Change,\u003c\/i\u003e Joerg Ruetschi delivers a globally relevant methodology and value creation framework that combines strategic and financial decision-making with asset-liability and technology management. His accessible approach enables financial institutions to differentiate their services and gain back a competitive advantage. \u003c\/p\u003e\u003cp\u003eWritten in two parts, the book first covers core concepts and managerial fundamentals, including the key principles and tools of strategic planning and analysis, operational efficiency, performance improvement, and mergers and acquisition planning. It also explores the four critical areas of financial decision-making: financial analysis, valuation, modeling, and stress. Asset-liability management is covered as well, as are four emerging technologies—artificial intelligence, blockchain, software, and infrastructure solutions. \u003c\/p\u003e\u003cp\u003eThe second part of the book demonstrates how these managerial fundamentals are applied in practice, including the process of turnaround and transformation. The author also covers the principles of reorganisation and wind-down insofar as they apply to financial institutions. The framework is applied to growth situations as well, and to specific transactional settings, like transformational mergers and acquisitions and principal investments. \u003c\/p\u003e\u003cp\u003eFinally, \u003ci\u003eTransforming Financial Institutions: Value Creation through Technology Innovation and Operational Change\u003c\/i\u003e includes case studies and examples throughout, examining the application of the book’s concepts in real-world settings.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTRANSFORMING FINANCIAL INSTITUTIONS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eA grounded and practical value creation methodology for financial leaders and decision-makers\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eBeset by new regulations effectively forcing them to operate significantly below their cost of capital, large and complex financial institutions seek new ways to transform their operations and reestablish a competitive advantage. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eTransforming Financial Institutions: Value Creation through Technology Innovation and Operational Change \u003c\/i\u003eoffers readers an eye-opening and accessible framework and methodology for organizational change at financial institutions. The book provides the core concepts and managerial fundamentals that drive decision-making and operational delivery at successful financial services. \u003c\/p\u003e\u003cp\u003eAt the same time, Joerg Ruetschi explains how to apply these principles in reality. He outlines the process of turnaround and transformation, as well as reorganization and wind-down, insofar as they apply to financial institutions. He also demonstrates their application to specific growth situations and transactional settings, like transformational mergers and acquisitions and principal investments. \u003c\/p\u003e\u003cp\u003eWith illuminating case studies and real-world examples included throughout the book, \u003ci\u003eTransforming Financial Institutions: Value Creation through Technology Innovation and Operational Change\u003c\/i\u003e is required reading for managers, practitioners, and decision-makers in the financial services industry. It also belongs in the libraries of regulators and private equity professionals.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990406414565,"sku":"NP9781119858836","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119858836.jpg?v=1761787701","url":"https:\/\/k12savings.com\/products\/transforming-financial-institutions-isbn-9781119858836","provider":"K12savings","version":"1.0","type":"link"}