Financial institutions management

EM365M17

Program
PGE
PGE 3A -Finance (FIN)
UE
Financial Institutions
Semester
A
Discipline
Finance
Contact hours
15 H
Number of spots
45
ECTS
3
Open to visitors
Yes
Language
Coordinator
Marie-Hélène BROIHANNE


Pedagogical contribution of the course to the program

Développer un management à impact grâce aux connaissances et aux outils les plus récents dans les domaines du management

Developing a strategic and managerial vision in a complex, uncertain and changing environment
Evaluate sustainable managerial practices using managerial concepts and instruments as well as digital tools
Design solutions adapted to organizational problems by applying relevant methodologies

Développer des compétences managériales de niveau avancé se traduisant par un leadership responsable

Recommend decision making by taking a critical approach to driving change in organizations
Adopt a responsible leadership posture by being an actor in its own development and that of its teams

Pratiquer un management à impact dans un environnement multiculturel et international, porté par un "European mindset"

Communicate in a professional context in (foreign) languages, in writing and/or orally
Formulate solutions to organizational challenges in a multicultural and international context, driven by a "European mindset"

Description

This course is intended for students who want to increase their familiarity with the practical functioning and organization of the financial system, with an emphasis on financial institutions, markets, innovation, and crises as well as current issues in finance. Students have to access the Bodies’ platform for the book “Investments Global Edition”, Bodie, 12e. [See private access codes and how to reach the chapters] During classes, student must summarize additional readings on the following topics: the agency problem in finance, the Efficient Market Hypothesis, Stock buybacks, Private Equity, Investment professionals and Duties, ESG and responsible institutional investing around the world, Sustainable Finance Disclosure Regulation (SFDR) in Europe, and Artificial intelligence in Asset Management.

Teaching methods

Face-to-face


- Tutorials

In group

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Interaction

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Others

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Learning objectives

Cognitive domain

Upon completion of this course, students should be able to
  • - (level 4) categorize how different assets are traded
  • - (level 4) analyze the investment environment
  • - (level 4) discriminate mutual funds from other investment companies
  • - (level 5) assess the functioning of Financial markets, usual financial instruments, trading mechanics and the basis for investment.
  • - (level 6) integrate knowledge on the basis of all finance classes (vocabulary, big picture…).
  • - (level 6) synthesize current knowledge on topical issues in finance
  • - (level 6) synthesize asset classes and financial instruments

Affective domain

Upon completion of this course, students should be able to
None affective domain have been associated with this course yet

Outline

Over a total of 4 weeks, students are required to read and train themselves on 4 chapters of “Investments Global Edition”, Bodie, 12e. During debriefing classes, students must also summarize some literature reviews on current related topics. I. Chapter 1. The Investment Environment - Chapter important insights - The Principal-Agent problem in finance (CFA Institute Research Foundation, Literature review, SUNIT N. SHAH) - Efficient market hypothesis (CFA Institute Research Foundation, Monograph, Behavioural finance, the second generation, Chapter 9 MEIR STATMAN) II. Chapter 2. Asset Classes and Financial Instruments - Chapter important insights - Stock Buyback Motivations and Consequences: a literature review (CFA Institute Research Foundation, Literature review, ALVIN CHEN, AND OLGA A. OBIZHAEVA) - Investing in Private equity funds: A Survey (CFA Institute Research Foundation, Literature review, LUDOVIC PHALIPPOU) III. Chapter 3. How Securities Are Traded - Chapter important insights - Investment professionals and fiduciary duties (CFA Institute Research Foundation, Literature review, MARIANNE M. JENNINGS) - ESG and responsible institutional investing around the world, a critical review (CFA Institute Research Foundation, Literature review, PEDRO MATOS) IV. Chapter 4. Mutual Funds and Other Investment Companies - Chapter important insights - Overview of SFDR classification in the French fund’s universe and portfolios’ exposure to fossil energies at the end of 2021 (PIERRE-EMMANUEL DARPEIX, ANNE DEMARTINI, Autorité des Marchés Financiers, Mars 2023) - Artificial intelligence in asset management (CFA Institute Research Foundation, Literature review, SÖHNKE M. BARTRAM, JÜRGEN BRANKE, AND MEHRSHAD MOTAHARI)

No prerequisite has been provided

Knowledge in / Key concepts to master

Banking Finance
Basic finance

Teaching material

Mandatory tools for the course


- Reference manuals

Documents in all formats

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Moodle platform

- Upload of class documents
- Assessments

Software

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Additional electronic platforms

No items in this list have been checked.

Recommended reading


Investments Global Edition Bodie, 12e


No reading material has been provided.

EM Research: Be sure to mobilize at least one resource

Textbooks, case studies, translated material, etc. can be entered
No reading material has been provided.

Assessment

List of assessment methods

Intermediate assessment / continuous assessment 1Other (date, pop quiz, etc.) : each class
Written and oral (20 Min.) / Group / English / Weight : 30 %
Details : Oral presentations on a predefined topic
This evaluation is used to measure ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE, ILO2.2-PGE, ILO2.4-PGE, ILO4.1-PGE, ILO4.2-PGE
Final evaluationExam week
Written (120 Min.) / Individual / English / Weight : 70 %
Details : At the end of the 4 weeks, a training session class is organized in which students can do a practice exam and ask questions. The exam will be conducted in the same way than the practice exam.
This evaluation is used to measure ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE, ILO2.2-PGE, ILO2.4-PGE, ILO4.1-PGE, ILO4.2-PGE
No assessment methods have been attributed to this course yet.