Financial Institutions 2600-IBPFI

1/ Financial institutions and financial system: Features – financial institutions and financial markets, structure of financial system; From regulated entities (banks, insurance companies, mutual funds) to unregulated shadow financial institutions (shadow banks, fintechs); systemic risk, financial stability, idiosyncratic risks;
2/ Economic analysis of financial institutions: analysis of financial statements of commercial banks, investment banks, insurance companies and asset management companies; competition and structure of financial industry.
3/ Risks in financial institutions: Regulatory standards for risk management: Basel capital adequacy in banks, Solvency II in insurance companies, Regulations of mutual funds; Market risk assessment and management: interest rate risk, currency risk, stock market prices risk; Credit risk assessment: role of credit rating and credit scoring; Liquidity risk from international perspective; Operational risk.
4/ Regulation and supervision of financial institutions: financial safety net and moral hazard; micro-prudential versus macroprudential regulations; financial stability and financial crises