Banking and Financial Institutions

Syllabus
Banking and Financial Institutions
 Instructor: Laszlo Haas (see last page for bio sketch)

Email: [email protected]
Office hours: by appointment
 Credits: 2 (4 ECTS)
 Term: Fall 2017-2018
 Course level: MA/MSc/MBA
 Prerequisites: Finance
Course description
This course focuses on financial intermediary institutions, including banks, investment banks and
institutional investors. The functions and purposes of such institutions are analyzed. Their role in the
Global Financial Crisis is a special area of interest. Among the topics addressed are banking regulation,
capital adequacy, off-balance-sheet baking, and international banking. We also discuss the different
principles for pension coverage and the financial risks to pension funds and to their members.
Learning outcomes
Core Learning Area Learning Outcome

Interpersonal Participate in class discussions and problem solving exercises. Present
Communication Skills arguments and findings. Objectively critique findings of fellow students.
Technology Skills Use of MS Excel tools in problem solving.
Cultural Sensitivity and Harness international and professional diversity of students in viewing issues
Diversity and problems from different perspectives.
Quantitative Reasoning Learn theories, models, quantitative methods and their applications.
Critical Thinking Exercise the powers of inquiry, logical thinking and critical analysis. Question
the applicability of conventional prescriptions, as well as the impact of non-
quantitative information.
Ethics and Social Evaluate and discuss challenges related to ethical and professional behavior in
Responsibility financial intermediaries and markets.
Management Acquire a fundamental understanding of banking and financial institutions.
Knowledge and Skills Examples and case studies will be used.
Reading list
Course materials such as lecture slides, preparation sheets, case studies and other readings will be
posted in advance on the Moodle e-learning system.
There is no required textbook. Recommended texts:
• Casu, Girardone and Molyneux, Introduction to Banking, 2nd ed., Pearson 2015.
• Mishkin and Eakins, Financial Markets and Institutions, 8th ed., Pearson, 2015.
• Simpson, Financial Markets, Banking, and Monetary Policy, Wiley, 2014.
1
The CEU Library boasts a range of databases covering financial and company data, market and industry
reports, global news and more. For a full list of databases visit the CEU Library at http://library.ceu.edu.
Thomson Reuters Eikon for Students + Datastream/Thomson ONE

• Eikon: Platform used by finance practitioners including market traders to monitor and analyze
financial information. Information, analytics and news on all major financial markets including
real-time pricing data, financial research, global financial news and commentary, financial
estimates, fundamentals analysis, visual analysis through charting. Import/export from Excel.
• Datastream: Range of time series economic, securities and company financial data. Excel add-in.
• Thomson ONE: Global overviews on 55,000 public companies, one million private companies.
Reuters News, ownership, deals, private equity, key ratios, company filings, officers and
directors. Investext analyst reports, active and historical research from 1,600 independent
research firms, brokerages, investment banks.
Standard & Poor’s Capital IQ

• Web and Excel-based platform combining deep global company information, credit ratings and
research, and market research with powerful tools for risk assessments. Real-time and historical
information on markets, industries, companies, transactions and people. Tearsheet data.
Lexis Nexis Academic

• Global database of news, business, legal and other sources. Full text of over 350 newspapers,
300 magazines and journals, 600 newsletters. Wire services including Associated Press, Business
Wire and PR Newswire. Company financial information, market research, industry reports.
Assessment
Grading will be based on the total score out of 100, in line with CEU’s standard grading guidelines.
 Group project (40%)
 Class participation and problem solving (20%)
 Final exam (40%).
Group project
Students will be asked to form groups of 4-5, and analyze a systematically important bank along the broad
topics discussed in class. Details will be formally announced and discussed in the first lecture.
Class participation and problem solving
Class participation includes attendance, attitude, and volunteered and cold call responses. All reading
assignments should be completed PRIOR to the class we cover them in.
The case method is often uncomfortable to students given the inherent uncertainty of having to make
choices with limited information at hand. Please note that there are often no “right” answers.
Final exam
There will be ONE closed-book final exam, to be held in the final lecture. The exam will be a one-hour
paper with multiple choice or open-ended essay questions.
2
Course schedule and materials for each session
1. Introduction to financial intermediation (2 sessions)

• The role of financial systems
• Financial intermediaries, securities and markets
• Taxonomy of financial institutions
• Nature of financial claims
• Structure of financial markets
2. Central banking and bank regulation (1 session)

• Theory and practice of central banking
• Bank regulation and supervision
• Bank failures and banking crises
3. Issues in bank management (3 sessions)

• Banks’ balance sheet and income structure
• Bank financial management
• Banking risks
• Bank risk management
4. Pension funds and insurance companies (1 session)

• Pension systems and reforms
• Pension funds
• Insurance companies
5. Investment funds (2 session)

• Mutual funds
• Hedge funds
• Venture capital and private equity funds
6. The Global Financial Crisis (1 session)

• Securitization and the subprime crisis
• The European sovereign debt crisis
7. Group Presentations and Review (1 session)
8. Final Exam (1 session)
The course outline is subject to changes either before or during class at the discretion of the instructor.
Brief bio of the instructor
Laszlo Haas is Visiting Professor at the Department of Economics and Business. He is Head of Capital and
Debt Advisory services at EY Hungary, and Financial Services Industry Leader at EY Transaction Advisory
Services, Hungary. Prior to joining EY, he spent 20 years in banking, among others as CEO of BNP
Paribas Hungaria Bank, CEO of Kvantum Investment Bank and Managing Director of Investments in K&H
Bank. He represented Hungary for two years on the Board of the European Venture Capital and Private
Equity Association. Laszlo was also Head of Banking and Capital Market Trainings at KPMG Academy.

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Syllabus

 Instructor: Laszlo Haas (see last page for bio sketch)

Core Learning Area Learning Outcome

There is no required textbook. Recommended texts:

Thomson Reuters Eikon for Students + Datastream/Thomson ONE

Standard & Poor’s Capital IQ

Lexis Nexis Academic

Class participation and problem solving

1. Introduction to financial intermediation (2 sessions)

2. Central banking and bank regulation (1 session)

3. Issues in bank management (3 sessions)

4. Pension funds and insurance companies (1 session)

5. Investment funds (2 session)

6. The Global Financial Crisis (1 session)

7. Group Presentations and Review (1 session)

8. Final Exam (1 session)

Brief bio of the instructor

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