SHEM008 Търговско и инвестиционно банкиране
Анотация:
The banking industry has experienced marked changes in recent years as deregulation has allowed banks to diversify into the broad financial services area. In addition, various trends such as industry consolidation, securitisation, and disintermediation are all significantly affected, resulting in a smaller number of major players operating in credit, capital, and money market businesses that increasingly overlap. Furthermore, the traditional focus on banking as a mainly domestic business is changing, and banks are also pursuing international strategies. This rapidly evolving environment poses threats and opportunities to bank managers who must be increasingly aware of both domestic and international developments in the management process and, in particular, the various risk-return trade-offs in all areas of a bank’s activities. This unit focuses on the functions and management of commercial and investment banks, their role in the economy, and the forces that continue to change them worldwide. It examines consumer and commercial credit analysis, asset and liability management, liquidity management, risk management, loan policy management, and capital adequacy and regulation. Furthermore, topics covered include investment banking activities, such as raising capital, advising on mergers and acquisitions, brokerage/dealership activities, asset management, and proprietary trading and investment. Finally, the main factors that might have contributed to the recent financial crisis, along with potential remedial measures, are assessed throughout the unit.
This unit aims to provide knowledge and understanding of the principal activities in which the major commercial and investment banks are involved. It also aims to expose students to contemporary problems and issues in the field and develop the skills, techniques, and practical competences needed for advanced-level financial management in banking.
Преподавател(и):
доц. Ренета Димитрова д-р
гл. ас. Нигохос Канарян д-р
Описание на курса:
Компетенции:
Students who complete this course:
1) will know:
• become familiar with the relevant academic and empirical literature
2) will be able to:
• Understand the measurement and management of the various types of risks in banking (credit risk, liquidity risk, interest rate risk, capital risk, market risk, off-balance sheet risk)
• Critically evaluate the impact of regulation, globalisation, and technology in the banking sector
• Identify the advantages & disadvantages of linking Commercial and Investment banking
• Critically evaluate and analyse the financial statements of financial institutions
• Review the empirical evidence and critically discuss the use of M&As in creating growth and value enhancement
• Analyse the relationship between bank performance and capital adequacy
• Identify the changes that have occurred in the banking industry and the underlying forces of these changes
Предварителни изисквания:
Students are required to have the following knowledge and/or skills:
• Finance
• Introduction to Banking
Форми на провеждане:
Редовен
Учебни форми:
Лекция
Език, на който се води курса:
Английски
Теми, които се разглеждат в курса:
- Introduction: An Overview of the Banking Industry
- Investment banking and other sources of fee income
- Bank lending Policies and Procedures: Managing credit risk
- Commercial Banking I - Lending to Business Firms
- Commercial Banking II - Lending to Business Firms - Special Forms of Lending, Regulation
- Commercial Banking III - Consumer Loans, Credit Cards, Real Estate Lending
- Financial Statements of a bank, Bank's performance measurement and evaluation
- Asset-Liability Management and managing interest rate risk
- Liquidity and Reserve management
- Special Forms of Lending, Regulation
- Ethics & Conflicts of Interest in banking activities
Литература по темите:
• Rose, P.S. and Hudgins, S.C. (2010) Bank Management and Financial Services. 8th edition, McGraw-Hill International edition
• Saunders, A. and Cornett, M.M. (2011) Financial Institutions Management: A Risk Management Approach. 7th edition. McGraw-Hill-Irwin
• Casu, B., Girardone, C. and Molyneux, P. (2006) Introduction to Banking. Prentice Hall/Financial Times
• Koch, T.W. and MacDonald, S.S. (2010) Bank Management. 7th edition, South-Western Bessis, J. (2009) Risk Management in Banking. 3rd edition, Wiley
• Madura, Jeff (2011) Financial Markets and Institutions. 10th edition. Thomson South-Western Saunders, A. and Cornett, M.M. (2008) Financial Markets and Institutions. 4th edition. McGraw-Hill.
• Mishkin, F.S. and Eakins, S.G. (2012) Financial Markets and Institutions. 7th edition. Addison- Wesley.
• Howells, P. and Bain, K. (2007) Financial Markets and Institution. 5th edition. Financial Times Press.
• Kidwell, D.S., Peterson, R.L., Blackwell, D.W. and Whidbee, D.A. (2012) Financial Institutions, Markets and Money. 11th edition. Wiley
• Fabozzi, F. J., Modigliani, F. and Jones, F. J. (2010) Foundations of Financial Markets and Institutions. 4th edition. Prentice Hall International Editions.
• Hull, John, C. (2009) Options, Futures and Other Derivatives. 7th edition. Prentice Hall.