Financial Risk Management

2021/2022

Учебный год

ENG

Обучение ведется на английском языке

4

Кредиты

Автор программы

Кракович Виктор Валерьевич

Кто читает:

Департамент финансов

Статус:

Курс обязательный

Когда читается:

4-й курс, 1 модуль

Преподаватели

Вукович Дарко

Далал Адель

Course Syllabus

Abstract

The course consists of lectures (12 hours) and tutorials (28 hours). The tutorials involve case analysis, problem solving and the individual assignments. The course presents an advanced treatment of the theory and its application to financial institutions and international corporations. This course consists of seven units, which will enrich knowledge with an invaluable grounding in the subject and enable students to acquire a strong theoretical and practical understanding of the current and essential risk management practices.

Learning Objectives

• This course will provide students with a comprehensive overview of the main types of risk that have such a substantial impact on international firms and financial institutions.

Expected Learning Outcomes

• Classify derivative instruments that could be used in managing the risks of financial institutions and international corporations.
• Forecast the financial risks that financial institutions and corporations could face in the international market.
• Know basic functions of financial risk management.
• Measure the risks that arise from financial markets - such as credit risk, market risk, liquidity risk and sovereign risk.

Course Contents

• Introduction to Financial Risk Management
• Interest Rate Risk
• Credit Default Risk
• Foreign Exchange Risk
• Sovereign Risk
• Off-Balance-Sheet Risk and Liquidity Risk
• Managing Risk

Assessment Elements

• Assignment test
  *The structure may be slightly altered if a tutor finds it necessary.
• Case project
  * The number of students in a team depends on the number of students in a seminar group. This requirement is to be determined after the course starts. Forming of teams is each student's responsibility. Being unable to work in a team as required may be a reason to fail the assignment. The list of team members must be sent to the tutor one week before the presentation. Any changes in teams made after the deadline must be validated by a serious reason.
• Final examination
  The results are announced within 5 days after the deadline. Shortly after the result are announced, a lecturer organises a meeting online to comment on the results. Each student may request comments on their results during the meeting, the attendance is not obligatory. Upon the students' request, lecturer may organise another meeting before the exam to provide some clarification on the assignment.

Interim Assessment

• 2021/2022 1st module
  0.5 * Final examination + 0.25 * Assignment test + 0.25 * Case project

Bibliography

Recommended Core Bibliography

• Financial institutions management: a risk management approach, Saunders, A., 2005

Recommended Additional Bibliography

• Crouhy, M., Mark, R., & Galai, D. (2006). The Essentials of Risk Management. [New York]: McGraw-Hill Professional. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=309132
• Población García, F. J. (2017). Financial Risk Management : Identification, Measurement and Management. Cham: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1292890
• Tarantino, A., & Cernauskas, D. (2011). Essentials of Risk Management in Finance. Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=352036