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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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| Coordinator : | 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. One or several invited lectures will be offered in this context.
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 any 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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| The course pursues three main objectives:
- Detailed and in-depth understanding of bank and insurance-related concepts.
- Application and appropriation of theoretical concepts during exercises sessions.
- Development of the ability to diagnose and criticize the technical and regulatory activities of a bank and an insurance company.
Intended Key Learning Outcomes:
To strengthen knowledge and understanding of management disciplines and its legal, policy and social context
Gaining the knowledge and understanding of one of the proposed fields of concentration
Integrate autonomously researched information, tools, knowledge and context to build and propose, either individually or as part of a team, original, creative and viable solutions to concrete complex management problems, whether real or simulated, taking into account, when necessary, the human, social and legal context.
Ability to speak 2 foreign languages: C1 in English
Developing a critical sense (arguing)
Developing a transversal, global vision
Faced with a management problem, suggesting solutions that are ethical and socially responsible and that respect the principles of good governance. |
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Introductory course of financial markets.
Banking and Insurance
Financial Derivatives
Financial Mathematics |
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Planned learning activities and teaching methods :
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| 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: 6*4h = 24h
A1 Case resolution: 15h
A3 Exercises: 2*4h
Course study |
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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
- group assignment (max 2 pers/group) in banking: bonus points
2. Evaluation schedule:
- Written exam : during evaluation period
- assignment: after the Easter break |
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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 Bonesire
Assistant
Department: HEC-ULg : UER / Finance
thomas.bonesire@ulg.ac.be |
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