General Information
Instructor(s)
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- Risk Management and Financial Engineering (c)
Target Audience
Students expecting to work in finance, particularly those who would like to work for a bank, insurance, or other large financial institution. RSM2308 is a core course for the Risk Management and Financial Engineering major.
Format
12 regular sessions
Course Mission
To explain important issues concerned with the way financial institutions manage risks. Bank regulations including Basel III and Dodd-Frank will be covered. Many of the topics are applicable to non-financial corporations.
Course Scope
This course addresses the way companies, particularly financial institutions, manage risk. It covers credit risk, market risk, operational risk, and model risk. The nature of bank regulation and the Basel capital requirements for banks are examined. Other topics include copulas and the calculation of economic capital. The course also covers recent regulatory changes and macroprudential policies that have significant impacts on the Canadian and international capital markets.
Evaluation and Grade Distribution
| Component | Due Date | Weight |
|---|---|---|
| Group Assignment 1 | Week 5 | 10% |
| Group Assignment 2 | Week 12 | 15% |
| Group In-Class Presentation | Week 7 | 15% |
| Individual In-Class Participation | Ongoing | 10% |
| Final Exam | Exam period | 50% |
Required Resources
“Risk Management and Financial Institutions” by John Hull, fourth edition, Wiley.
Online subscription to the Wall Street Journal (WSJ.com) – used for classroom is discussions
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