Universität Wien

040204 KU International Bank Regulation and Risk Management (MA) (2024W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
Moodle
Mo 16.12. 15:00-18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

Final Exam: Mo, December 16, 3.00 pm - 05.00 pm, HS 10, OMP1

  • Donnerstag 14.11. 08:00 - 09:30 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Donnerstag 14.11. 09:45 - 11:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Donnerstag 14.11. 11:30 - 13:00 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Donnerstag 14.11. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 14.11. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 15.11. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 15.11. 09:45 - 11:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 15.11. 11:30 - 13:00 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 15.11. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 15.11. 15:00 - 16:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 15.11. 16:45 - 18:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 21.11. 08:00 - 09:30 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Donnerstag 21.11. 09:45 - 11:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Donnerstag 21.11. 11:30 - 13:00 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Donnerstag 21.11. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 21.11. 15:00 - 16:30 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 21.11. 16:45 - 18:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 22.11. 08:00 - 09:30 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 22.11. 09:45 - 11:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 22.11. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 22.11. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 22.11. 15:00 - 16:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 22.11. 16:45 - 18:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The failure of Credit Suisse and the 2023 US regional banks crisis put into question the regula-
tory framework. This course provides a holistic overview of the regulatory framework in the ban-
king industry covering both the US and Europe. You will learn that some regulatory reforms are
more driven by political economy decisions rather than decisions based on pure economic
considerations. We further discuss risk management frameworks based on economic capital mo-
dels (VaR and Expected Shortfall), its limitations and how they are applied by regulators. The
course is a combination of lectures and in-class micro-case discussions with the focus on the fai-
lure of Credit Suisse (CS) and the recent 2023 crisis of US regional banks.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Active class participation and class presence are required and count for 15%. During the last
day of class student teams (consisting of 3-4 students each) will give a presentation on a pre-
chosen topic out of a list provided by the instructor. Each group member has to present part of
the slides on the allocated topic (7 slides per presentation). This group work will count for 35%.
The exact details on the group work will be announced in the first class. The exam (closed book)
will count for 50%.

Mindestanforderungen und Beurteilungsmaßstab

The course requires basic knowledge of Finance and Investments.

Prüfungsstoff

1. Why are Financial Intermediaries (FIs) special; US: Banking and Insurance Market.
a. Randall S. Kroszner; “The Economics and Politics of Financial Modernization”;
FRBNY Economic Policy Review / October 2000, 25-37.
b. Heidi Mandanis Schooner and Michael W. Taylor; “Global Bank Regulation, Princi-
ples and Policies”; Chapter 1, 1-17; Elsevier Inc. 2010.

2. Principles of Bank Regulation; Bank Business Models; Deposit Insurance; Bank Liquidity
versus Solvency; Financial costs of banking crisis and GDP impact.
a. Heidi Mandanis Schooner and Michael W. Taylor; “Global Bank Regulation, Princi-
ples and Policies”; Chapters 2-5, 19-88; Elsevier Inc. 2010.

3. Financial Supervisory Architecture.
a. Daniel Calvo, Juan Carlos Crisanto, Stefan Hohl and Oscar Pascual Gutiérrez; FSI
Insights on policy implementation, No 8 “Financial supervisory architecture: what
has changed after the crisis?”; April 2018.
b. Congressional Research Service; Bank Capital Requirements: A Primer and Policy
Issues; R47447; March 9, 2023.

4. The Great Financial Recession and the Euro Crisis; the intertwinedness of banks and
governments.
a. Edward V. Murphy; Congressional Research Service; “Who regulates whom and
how? An overview of US Financial Regulatory Policy for Banking and Securities
Markets”; R43087; January 30, 2015.

5. Risk Management and Economic Capital Models
a. Philippe Jorion; “Risk Management”; Annu. Rev. Financ. Econ 2010; 347-365.

6. The Basel Regulatory Framework for Banks; internal models and its limitations.
a. Christian M. McNamara, Thomas Piontek and Andrew Metrick; “Basel III A: Regu-
latory History”; Journal of Financial Crisis 2019, 45-58.
b. Christian M. McNamara, Michael Wedow and Andrew Metrick; “Basel III B: Basel
III”; Journal of Financial Crisis 2019, 59-69.
c. Christian M. McNamara, Karen Anna Clara Braun-Munzinger and Andrew Metrick;
“Basel III C: Internal Risk Models”; Journal of Financial Crisis 2019, 70-80.

Literatur

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Di 22.10.2024 13:25