“Liquidity risk is an equal part of the holy trinity of risks, the other two being market and credit risks. It is the least understood of the three and as a result, investors are missing out on an important dimension of risk, diversification and hedging. This valuable book fills the gaps on a much neglected subject and provides a refreshing perspective to it.” Liquidity Risk Measurement and Management: A Practitioner’s Guide to Global Best Practices provides the best practices in tools and techniques for bank liquidity risk measurement and management. Experienced bankers and highly regarded liquidity risk experts share their insights and practical experiences in this book. Best practices such as day-to-day funding management to worst case contingency planning are presented from multiple points of view. Ideas from innovative liquidity risk managers for robust stress testing, liquidity transfer pricing and contingency planning are combined, organized and clearly described