Examines the management of financial institutions and surveys the different processes within the financial markets such as commercial banks, security markets, investment banks, thrift institutions, insurance companies, mutual funds and pension funds. Students will examine the operations and regulations that apply to these types of financial markets working within the corporate environment. Reviews the basic theories of financial intermediation, institutional features of these organizations and the regulatory framework under which they operate and then analyzes the key risks faced by these institutions (such as interest rate, liquidity, and credit risk) and how these are managed using various risk-management tools. Introduces the concept of off-balance sheet banking. Presents recent trends in securitizations and other related innovations in banking products.

4.5 Credit Hours