OverviewSaunders and Cornett’s Financial Institutions Management: A Risk Management Approach provides an innovative approach that focuses on managing return and risk in modern financial institutions. The central theme is that the risks faced by financial institutions managers and the methods and markets through which these risks are managed are becoming increasingly similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company. Although the traditional nature of each sector’s product activity is analyzed, a greater emphasis is placed on new areas of activities such as asset securitization, off-balance-sheet banking, and international banking. New Features1.Discussion of how financial institutions continue to recover from the financial crisis has been added throughout the book. Virtually every chapter includes new material detailing how the financial crisis affected risk management in financial institutions. New boxes titled “After the Crisis” have been added to highlight significant events. 2.Appropriate chapters include discussions of the European debt crisis as they affect the risk and return of financial institutions.Integrated Minicases have been added to select chapters.3.Updates on the major changes proposed for the regulation of financial institutions are included where appropriate throughout the book.