Banking, Insurance and Risk Management

Uitgebreide vaknaam	Banking, Insurance and Risk Management
Leerdoelen	Upon completion of the course the student is able to: 1. Analyze what financial institutions do and the risks they incur. 2. Analyze and assess the key approaches to measure and manage credit risk, operational risk, interest rate risk, liquidity risk and market risk with financial institutions. 3. Analyze and assess the current practices and principles of financial supervision of the financial industry.
Omschrijving	Financial institutions such as banks play a key role in the current economic system. Due to this role, they are regulated and supervised to ensure that financial crises (like the 2007 subprime crisis) should not occur. This course concentrates on different risks that financial institutions take, how these risks can be managed, and how the current regulation, especially Basel III, is devised. In particular, we analyze interest rate risk, market risk, credit risk, liquidity risk and operational risk of financial intermediaries.
Uren per week	4
Onderwijsvorm	hoorcolleges (and guestlecture(s))
Toetsvorm	opdracht(en), schriftelijk tentamen met meerkeuzevragen, schriftelijk tentamen met open vragen
Vaksoort	master
Coördinator	dr. A. Plantinga
Docent(en)	dr. A. Plantinga ,prof. dr. L.J.R. Scholtens
Verplichte literatuur	Titel Auteur ISBN Prijs Risk Management and Financial Institutions, 5th edition, 2018 Hull, John ca. €  80,00 Selected articles from academic journals, articles from the Financial Times
Entreevoorwaarden	Only for MSc Finance students and for students from the MSc EORAS. Students are expected to have prior knowledge about asset pricing and derivative instruments. It is highly advised to have completed the course Derivate Instruments.
Opmerkingen	Secretary: G. Pol, phone +31(0)50 363 3685, e-mail g.pol@rug.nl, room 5411.0836
Opgenomen in	Opleiding Jaar Periode Type DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten van FEB) 1 semester II a verplicht DD MSc Finance – UAIC of Iasi, Romania (2-jarig)  (basisprogramma voor studenten uit Iasi) 2 semester II a keuzegroep MSc Econometrics, Operations Research & Actuarial Studies/EORAS  ( Actuarial Studies) 1 semester II a keuzegroep MSc Econometrics, Operations Research & Actuarial Studies/EORAS  (keuzevakken MSc EORAS) 1 semester II a keuze MSc Finance  (keuzevakken A MSc Finance) 1 semester II a keuze