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Rsch Sch of Finance, Actuarial Studies & App Stats · ANU College of Business and Economics
This course involves on-campus teaching. For students not on campus, there will be a remote option in Sem 1. See Class Summary or Wattle for details. This course covers the theory and practice of financial intermediation, broadly construed to include banks, savings institutions and investment/merchant banks. Topics will include the role of banking firms in a developed capital market, their impact on corporate financial decisions for non-banking firms, and the regulation of banks. The course includes a comprehensive analysis of the role of financial intermediaries in the development of fixed income markets and provides an analysis of fixed income securities. Additional topics include models and techniques used for managing credit risk, interest rate risk and liquidity risk. These are applied to maturity matching, duration and immunization, loan sales, securitization, collateralized debt obligations (CDOs), and collateralized mortgage obligations (CMOs).
Typical assessment may include, but is not restricted to: exams, assignments, quizzes, presentations and other assessment as appropriate, which may be completed individually or in groups
Learning outcomes 1, 2, 3, 4, 5, 6, 7, 8, 9
Students are expected to commit 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time
Information about the prescribed textbook will be available via the Class Summary.