FNAN 321 - Financial Institutions

This course is an introduction to financial institutions, the key roles they play in the greater economy, and the main risks they face. We begin with an overview of financial institutions – how major types of institutions are structured, how this structure relates to their functions and some industry trends. Next, we focus on managing different types of risks: interest-rate risk, credit risk, off-balance-sheet risk, and liquidity risk; emphasizing basic ideas, tools, and business applications. We will also discuss the evolution of the financial services industry, causes and consequences of the 2008 credit crisis, and the response of regulators. The course is essential to anyone planning a career in financial services or in an area such as consulting or corporate treasury that works closely with financial institutions.