This book is a sequel to Modern Banking in Theory and Practice published by John Wiley & Sons in 1996. It is a sequel rather than a second edition, because it does substantially more than merely update the 1996 text. In fact, this book has taken much longer to write than the 1996 book! In the eight years sinceModern Banking in Theory and Practice was published, many aspects of banking have changed considerably, though the key characteristics that distinguish banks from other financial institutions have not. Some might question the need for a book on banking rather than one on financial banks remain special and unique. | Modern Banking Shelagh Heffernan Professor of Banking and Finance Cass Business School City University London John Wiley Sons .
