Question
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
"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.
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
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