Students explore the different financial intermediaries in our economy, the financial risks they are exposed to, and how these risks are measured and managed. Topics include the types of financial institutions including deposit-taking institutions, insurance companies, securities firms, investment banks, mutual funds, hedge funds, pension funds, and finance companies; regulation of the financial industry; measuring risk including interest rate risk, market risk, credit risk, liquidity risk, off-balance sheet risk, foreign exchange risk, sovereign risk and technology and other operational risks; managing risk through the use of derivatives, loan sales and securitization; and managing risk through deposit insurance and other liability guarantees and capital adequacy standards. Prerequisite: FNCE 3150 (minimum C- grade) or equivalent and FNCE 3170 (minimum C- grade) or equivalent and FNCE 3180 (minimum C- grade) or equivalent Note: Students will only receive credit for one of FNCE 4190 or BBUS 4190
Students explore the different financial intermediaries in our economy, the financial risks they are exposed to, and how these risks are measured and managed. Topics include the types of financial institutions including deposit-taking institutions, insurance companies, securities firms, investment banks, mutual funds, hedge funds, pension funds, and finance companies; regulation of the financial industry; measuring risk including interest rate risk, market risk, credit risk, liquidity risk, off-balance sheet risk, foreign exchange risk, sovereign risk and technology and other operational risks; managing risk through the use of derivatives, loan sales and securitization; and managing risk through deposit insurance and other liability guarantees and capital adequacy standards. Prerequisite: FNCE 3150 (minimum C- grade) or equivalent and FNCE 3170 (minimum C- grade) or equivalent and FNCE 3180 (minimum C- grade) or equivalent Note: Students will only receive credit for one of FNCE 4190 or BBUS 4190
