Management of Financial Institutions, 2nd Edition is the Australian adaptation of the highly regarded U.S. text by George Hempel and Donald Simonson, Bank Management. This new edition presents a comprehensive overview of the Australian financial institutions sector, introducing students to the regulatory environment and the key functions of financial institutions. The four part structure provides thorough instruction on measuring the financial performance of the financial institution, asset and liability management, security portfolio management, bank lending and credit risk management and the fundamentals of forward rates, options and hedging activities.