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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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Organisation and examination :
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| Teaching in the second semester |
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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.
The first part is dedicated to 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.
In the second part, we review the concept of interest rates and credit spreads, the different theories on their term structure, and their impact on the banking activities.
The third part is dedicated to the economic analysis of financial crises and the recent banking and sovereign crises. 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.
We finally 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 specialised topics that have a deep impact on the management of an insurance company nowadays:
- reinsurance: the insurance of insurers, and a capital management tool as well
- fundamentals of stochastic finance and economic scenario generators: how and why mathematics changed economical and financial forecasting.
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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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Work placement(s) :
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Organizational remarks :
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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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