Financial Intermediation and Banking
A.Y. 2024/2025
Learning objectives
The course aims at providing students with a deep understanding of the driving forces that are changing the financial landscape and the main trends in the banking sector and capital markets.
Expected learning outcomes
By the end of this course students will be able to illustrate and critically evaluate the dynamics of the financial industry and the implications on firms' fundraising.
Lesson period: First trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
First trimester
Course syllabus
1. Overview of the financial system
2. Commercial and investment banks: Activities and challenges
3. Financial risks
4. Financial crises and systemic risk
5. The changing financial ecosystem, decentralized finance and the emergence of Fintech companies
6. Digitalization of financial services and financial innovation
a. Payment, clearing and settlement services (Digital currencies, CBDC)
b. Credit, deposit and capital raising services
c. Investment management services
d. GreenTech
e. InsurTech
f. RegTech
7. Risk management and cyber risk
8. The regulatory framework
9. The future of traditional financial services and innovative financial services
2. Commercial and investment banks: Activities and challenges
3. Financial risks
4. Financial crises and systemic risk
5. The changing financial ecosystem, decentralized finance and the emergence of Fintech companies
6. Digitalization of financial services and financial innovation
a. Payment, clearing and settlement services (Digital currencies, CBDC)
b. Credit, deposit and capital raising services
c. Investment management services
d. GreenTech
e. InsurTech
f. RegTech
7. Risk management and cyber risk
8. The regulatory framework
9. The future of traditional financial services and innovative financial services
Prerequisites for admission
There are no formal prerequisites, but taking quantitative methods class is highly recommended.
Teaching methods
Face-to-face lectures. The course is also supported by examples, case studies, discussions and interactive methods on the main topics. Students are expected to actively participate during the course in order to deepen their understanding of the innovations in finance and encourage critical thinking.
Teaching Resources
Relevant materials including papers, news articles, slides will be posted online.
Suggested book for students without no background in finance: Saunders, Cornett, Erhemjamts, 2022, Financial Markets and Institutions, 8th edition, McGraw-Hill publisher
Suggested book for students without no background in finance: Saunders, Cornett, Erhemjamts, 2022, Financial Markets and Institutions, 8th edition, McGraw-Hill publisher
Assessment methods and Criteria
Written exam (85%). Empirical project (15%).
Attending students can have 1 point bonus with a presentation in class of a case study. Non-attending students are those unable to participate in at least 80% of classes. Class attendance is strongly encouraged for this course. Empirical project is compulsory also for non-attending students.
Attending students can have 1 point bonus with a presentation in class of a case study. Non-attending students are those unable to participate in at least 80% of classes. Class attendance is strongly encouraged for this course. Empirical project is compulsory also for non-attending students.
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS - University credits: 9
Lessons: 60 hours
Professor:
Rancan Michela
Educational website(s)
Professor(s)