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RMBI 5M6Z0074 2013/14
Risk Management in Banking & Insurance
2014 / 15Graeme ElginNBS [email protected]
RMBI 5M6Z0074 2013/4
Course Structure
Delivery Modes
Lectures / Super Tutorials
Tutorials
Moodle
Modes of Assessment
1. Assignment - 2,000 words(40% of total unit mark)
2. Final Examination
(60% of total unit mark)
StaffingLectures / Tutorials – Graeme ElginE-mail – [email protected] 4.38 0161- 247- 3766
Tutorials - Joanne BambrickE-mail – [email protected]
0161-247- 1016
RMBI 5M6Z0074
What is Risk Management?
“ Risk Management is a formal process that enables the identification, assessment, planning and management of risks” (2008) Merna, T. , Al-Thani, F.
RMBI 5M6Z0074
So what’s in it for me?
Ability to…
• critically appraise conceptual, organisational, regulatory and environmental perspectives on risk
• identify and evaluate the principal risks in banking and insurance
• evaluate the impact of regulatory initiatives on the management of risk
• analyse the performance of managerial and operational strategies to manage risk
• engage in independent research to evaluate the effectiveness of risk management initiatives and their impact in the financial services sector
RMBI 5M6Z0074 2014 / 15
Case Studies
Robert Citron
Orange County
$2.3bn
$1.6 bn
€4.9bn
Jerome Kerviel Societe
Generale
Kweku Adoboli UBS
Programme Outline
• Weeks 1- 11
The financial crisis 2007-8
Risks & risk management
Risk measurement (VaR)
Enterprise-wide risk management (EWRM)
Banking regulation (Basel III) – The Vickers Report
Bank Culture & Ethics
Credit risk management
Securitisation and capital management
Programme Outline
• Week 7-11
Operational risk
Liquidity risk
Derivative products
Insurance company operations and risks
Financial aspects of insurer operations
Insurance contracts and pricing
Investment of insurance funds
Regulation of the insurance industry (Solvency II)
