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SYLLABUS 2021/2022

30178 INTERNATIONAL BANKING Classi impartite in lingua inglese Programs: CLEAM (6 crediti - I sem. - OP | 6 cfu - SECS-P/11), CLEF (6 crediti - I sem. - OP | 6 cfu - SECS-P/11), CLEACC (6 crediti - I sem. - OP | 6 cfu - SECS-P/11), BESS-CLES (6 crediti - I sem. - OP | 6 cfu - SECS-P/11), WBB (6 crediti - I sem. - OP | 6 cfu - SECS-P/11), BIEF (6 crediti - I sem. - OP | 6 cfu - SECS-P/11), BIEM (6 crediti - I sem. - OP | 6 cfu - SECS-P/11), BIG (6 crediti - I sem. - OP | 6 cfu - SECS-P/11), BEMACS (6 crediti - I sem. - OP | 6 cfu SECS-P/11) Classes: 31 (I sem.) Department: Finance Course director: ELENA CARLETTI

Attenzione! Il programma di seguito riportato è da considerarsi valido SOLO per l'anno accademico 2021/2022.

SUGGESTED BACKGROUND KNOWLEDGE Basic knowledge of the financial system is useful.

MISSION The course focuses on the role of banks and other financial institutions. The course will discuss (1) the main types of financial institutions and the risks they face; (2) banks’ liquidity management and systemic risk; (3) the regulatory framework, with particular emphasis on capital requirements and the resolution framework, and the relationship with accounting; (4) executive compensation (5) the challenges for the financial industry due to the low interest rate environment and the Covid-19 crisis. Particular attention will be devoted to the European banking industry throughout the course.

COURSE CONTENT DETAILED - SCHEDULE - CLEAM, CLEF, CLEACC, BESS-CLES, WBB, BIEF, BIEM, BIG, BEMACS cl. 31 Session 1

© Università Bocconi | Via Sarfatti 25 | 20136 Milano | Tel. 02.5836.1

Introduction to the course.

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6 September

Topic 1

VC

Commercial and investment banks: Activities and challenges

Session 2 9 September

Topic 1 (cont.)

VC

Commercial and investment banks Activities and challenges

Session 3 13 September

Topic 2

VC

Financial risks: Interest rate risk, market risk, credit risk, foreign exchange risk, operational risk, off-balance sheet risk

Session 4 16 September

Topic 2 (cont.)

VC

Financial risks: Interest rate risk, market risk, credit risk, foreign exchange risk, operational risk, off-balance sheet risk

Session 5

© Università Bocconi | Via Sarfatti 25 | 20136 Milano | Tel. 02.5836.1

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20 September

Exercise class 1

VC

Session 6

Topic 3

23 September

Liquidity and systemic risk

VC

Session 7

Topic 3 (cont.)

27 September

Liquidity and systemic risk

VC

Session 8

Exercise class 2

30 September VC

Session 9 1 October

Topic 4

EC

Capital, liquidity and macro-prudential regulation

Session 10

Topic 4 (cont)

4 October

Capital, liquidity and macro-prudential

© Università Bocconi | Via Sarfatti 25 | 20136 Milano | Tel. 02.5836.1

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regulation

EC

Session 11 7 October

Exercise class 3

EC

Session 12

Topic 5

8 October

Climate risk

EC

MID TERM BREAK

MID TERM EXAM

Session 13

Topic 6

28 October

Interconnectedness between banks, mutual funds

AE and hedge funds: implications for systemic risk

Session 14

Topic 6 (cont.)

4 November

Interconnectedness between banks, mutual funds

AE and hedge funds: implications for systemic risk

© Università Bocconi | Via Sarfatti 25 | 20136 Milano | Tel. 02.5836.1

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Session 15

Topic 7

8 November

Executive compensation in banking and risk taking

AE

Session 16 11 November

Topic 7 (cont.)

AE

Executive compensation in banking and risk taking

Session 17 12 November

Case study:

AE

Executive compensation during the financial crisis

Session 18

Topic 8

15 November

The relationship between accounting

AE

and prudential regulation

Session 19

Topic 8 (cont.)

18 November

The relationship between accounting

AE

and prudential regulation

© Università Bocconi | Via Sarfatti 25 | 20136 Milano | Tel. 02.5836.1

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Session 20 22 November

Topic 9

EC

Bank union and resolution

Session 21

Topic 9 (cont.)

25 November

Bank union and resolution

EC

Session 22 26 November

Exercise class 4

EC

COVID

Session 23 29 November

Topic 10

EC

COVID-19 outbreak: Main events and the future of banking

Session 24

GUEST LECTURE or review class

2 December

(to be scheduled)

EC

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TEACHING METHODS Selection: Face-to-face lectures face-to-face lectures Guest speaker's talks (in class or in distance) in-class Exercises (exercises, database, software etc.) in-class exercises Case studies /Incidents (traditional, online) traditional case studies

The course involves lectures, exercise classes, case studies and guest lectures.

Class attendance is not compulsory and attendance will not be recorded. Students are kindly asked to attend the class they are assigned to.

ASSESSMENT METHODS Selected methods: Written individual exam (traditional/online) Closed answers questions exam (e.g.: single input, multiple choice, select etc.) Active class participation (virtual, attendance)

Continuous assessment

Partial exams

General exam

x

x

x

x

x

Students are evaluated based on a final (general) exam. The exam is closed book and is composed by multiple choice questions, true/false questions, and exercises based on the entire program of the course. Optional:

© Università Bocconi | Via Sarfatti 25 | 20136 Milano | Tel. 02.5836.1

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Students may also decide to be evaluated through two partial exams. The first partial exam (so called mid-term exam) will take place on October 19 at 2 pm. -

Each partial will count 50% of the final grade

Students must pass both partial exams in order to pass the exam, i.e., you must obtain at least 18 in both of them.

The rules for sitting/registering for the second partial exam follow the same rules as in “Guides to the University Bocconi”. This means that students can take the second partial in the following dates: 1)

15 December 2021 if eligible for the exam session in December; or

2)

in either January 7 or February 1, 2022.

Please note the following concerning the rules for sitting/registering for the second partial exams in the exam sessions at the end of the teaching semester (as in “Guides to the University Bocconi”): students can sit for the 2nd partial exam only once: student registered for the 2nd partial exam in the first exam session after the teaching period will not be allowed to register for the 2nd partial exam in the second exam session after the teaching period students registered for the general exam in the first exam session after the teaching period will not be allowed to register for the 2nd partial exam in the second exam session after the teaching period. checks for accessing the 2nd partial exam in the second exam session after the teaching period will be made on the basis of the exam registration, independently from the student’s attendance at the exam.

TEACHING MATERIALS - CLEAM, CLEF, CLEACC, BESS-CLES, WBB, BIEF, BIEM, BIG, BEMACS cl. 31 Slides represent the primary teaching material. They will be posted, together with any other relevant material prepared by the instructor, in Blackboard week by week.

© Università Bocconi | Via Sarfatti 25 | 20136 Milano | Tel. 02.5836.1

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Please note that all the class slides are compulsory exam material and have to be carefully prepared for the exam, independently of the time allocated to them in class.

A reading list with precise references will be distributed at the beginning of the course. The relevant book chapters will be available through an e-book edition of the book.

Slides and other relevant material prepared by the instructors will be posted in Blackboard.

HONOR CODE Bocconi University conceives of education as an ongoing process that stretches across a person’s entire professional life. The University hopes that the entire Bocconi community will respect the values of fairness and correctness associated with it, values which inspire and guide the conduct of all community members as they pursue common objectives and a shared mission. The Bocconi University Honor Code is published at http://www.unibocconi.eu/honorcode. We encourage all students to read it.

COURSE ETIQUETTE

In your own interest and in the interest of your colleagues, you are expected to observe the following courtesy rules: 1. Arrive in class on time. 2. Do not leave early. 3. Keep your mobiles off. 4. Use your laptops only to take notes and/or download course material (e.g., slides). 5. Do not use wireless network emailing in class. 6. Participate fully in class.

Aggiornato al 03/09/2021 13:52

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