Enter . This is not merely a reprint with updated statistics; it is a complete re-engineering of classical banking theory for a volatile, low-trust, high-regulation world. Authored by leading risk management expert Moorad Choudhry (and updated with contributions from industry practitioners), this edition serves as the definitive guide for bankers, treasurers, regulators, and students.
The book dissects why Additional Tier 1 (AT1) bonds went to zero while equity holders received a partial recovery—contradicting centuries of capital structure hierarchy. The lesson: Draft your bail-in clauses in plain English, not legalese. The Principles of Banking Edition- 2