Banks are typically exposed to interest rate risk in both their trading book and banking book. Define
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"Banks are typically exposed to interest rate risk in both their trading book and banking book."
Define banks' trading book and banking book, and explain the above statement with specific examples.
Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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