Universität Wien

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

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle
Fr 22.11. 08:00-09:30 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

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

  • Thursday 14.11. 08:00 - 09:30 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 14.11. 09:45 - 11:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 14.11. 11:30 - 13:00 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 14.11. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 14.11. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 15.11. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 15.11. 09:45 - 11:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 15.11. 11:30 - 13:00 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 15.11. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 15.11. 15:00 - 16:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 15.11. 16:45 - 18:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 21.11. 08:00 - 09:30 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 21.11. 09:45 - 11:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 21.11. 11:30 - 13:00 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 21.11. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 21.11. 15:00 - 16:30 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 21.11. 16:45 - 18:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Friday 22.11. 09:45 - 11:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Friday 22.11. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 22.11. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 22.11. 15:00 - 16:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 22.11. 16:45 - 18:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 16.12. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

Informationen zum Kurs „International Bank Regulation and Risk Management“ im WS 2024
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.

Assessment and permitted materials

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%.

Minimum requirements and assessment criteria

The course requires basic knowledge of Finance and Investments.

Examination topics


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.

Reading list

Association in the course directory

Last modified: Tu 22.10.2024 13:25