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| FINA0055-1 | Advanced Topics in Banking and Insurance
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| Duration : | 30h Th |
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| Number of credits : |
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| Lecturer : | Fabien Boniver, Georges Hübner |
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Language(s) of instruction :
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| English language |
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Course contents :
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| 1. Partim Banking:
The course builds on the "Banking and Insurance" course or similar as prior knowledge.
We first review of the concept of interest rates and the different theories on the term structure of interest rates. The application of concepts of duration and treasury management, in the context of the general portfolio problem of the bank and in the context of financial regulation, are then reviewed.
A second part is dedicated to the economic analysis of financial crisis and the recent subprime meltdown. Banking and the management of financial institutions as well as their regulation is detailed with a particular focus on monetary policy and the role of Central Banks during the financial crisis.
Finally, we review the alternative approaches to banking and provide the background for the evolution of the industry.
2. Partim Insurance:
The partim builds on the same prior knowledge as the partim Banking. We go deeper in the understanding of some topics that are of uttermost importance for the management of an insurance company :
· solvency capital: from the theory of the regulation to practical computations... the role of models and impacts on the management
· reinsurance: the insurance of insurers, and a capital management tool as well
· ALM: peculiarities of the asset and liability management of insurance companies, as compared to that of banks. |
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Learning outcomes of the course :
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| C1 Detailed understanding of bank and insurance-related concepts.
P2 Application of theoretical concepts during exercises sessions.
C3 Development of student's analytical and deductive skills. |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Introductory course of financial markets.
Banking and Insurance |
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Planned learning activities and teaching methods :
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| 1. Methodology used and level of estimated method:
A1 Ex-cathedra courses: theoretical sessions (preliminary review, introduction of theoretical concepts, case study...).
A2/A3 Exercises sessions on Excel and Matlab, practical issues are handled (use of Bloomberg). |
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Mode of delivery (face-to-face ; distance-learning) :
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| A1 Ex-cathedra courses: 7*4h = 28h
A1 Course study: 15h
A3 Exercises: 4h |
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Recommended or required readings :
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| Powerpoint presentations (available on the university's website).
Banking: Mishkin, F. "The Economics of Money, Banking and Financial Markets" (Pearson Educ., Ninth Edition), |
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Assessment methods and criteria :
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| 1. Evaluation tools and criteria:
The grade will be decomposed as follows:
- 50% exam - banking
- 50% exam - insurance
2. Evaluation schedule:
- Written exam : during evaluation period |
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Contacts :
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| Georges Hübner
Professor
Department: HEC-ULg : UER / Finance
G.Hubner@ulg.ac.be
Fabien Boniver
Invited Professor
Department: HEC-ULg : UER / Finance
F.Boniver@ulg.ac.be
Thomas Lejeune
Assistant
Department: HEC-ULg : UER / Finance
tlejeune@ulg.ac.be |
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