Management of Financial Institutions

Catalog description

A study of the theory and practice of managing depository and non-depository financial institutions. The principal focus is asset and liability management, especially with respect to the risks associated with establishing the ideal balance between the two. Such risks include interest rate, liquidity, credit, foreign exchange and capital risk. The use of money and credit markets, as well as derivative securities to minimize risk as well as to achieve strategic financial objectives is stressed. Management implications of current developments in the interaction between financial institutions and markets are discussed. May be taught concurrently with FIN 689. Cannot receive credit for both FIN 589 and FIN 689. Prerequisite: B- grade or better in FIN 380 ; and FIN 384 ; and undergraduate business majors must be admitted to degree program.