Private and corporate banking (2013/2014)

Teaching is organised as follows:
Unit Credits Academic sector Period Academic staff
MODULO I 6 SECS-P/11-FINANCIAL MARKETS AND INSTITUTIONS secondo semestre Emanuele Maria Carluccio
MODULO II 3 SECS-P/11-FINANCIAL MARKETS AND INSTITUTIONS secondo semestre Roberto Bottiglia

Learning outcomes

The course proposes itself as a deepening of topics already briefly studied in previous courses on Economics of Banking Institutions and Economics of Financial Markets. The course thus analyses the main issues related to private and corporate banking. The course is then split into two parts: the first analyses private banking, the second relates to corporate banking. In the former, advisory services for financial instruments offered to retail investors are investigated, in the latter structured finance operations are explored.
Lectures may be integrated with experts’ insights on specific topics.

Syllabus

Module: MODULO I
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PRIVATE BANKING
1. Regulatory context and actors of the advisory industry
2. Strategic asset allocation theory
3. The main limits of models à la Markowitz and possible corrections
4. The risk profile of clients and the selection of the optimal portfolio
5. From benchmark to multimanager portfolios
6. The risk/return profile of the portfolio
7. Performance assessment

TEXTBOOKS
Attending students: selected material provided by the teacher.

Non attending students: P. MUSILE TANZI (eds.), Manuale del Private Banker, 5th edition, Egea, 2007, chapters: 1, 2, 3, 4, 7.

Textbooks and further readings are consistent with the syllabus.


Module: MODULO II
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CORPORATE BANKING
1. Venture capital
2. Private equity
3. Corporate finance and valuation
4. The role of mutual funds in the private equity industry
5. Leveraged-buy-out
6. Other corporate and investment banking services
7. Project finance

TEXTBOOKS
Attending students: selected material submitted by the teacher.
Non attending students: G. FORESTIERI (eds.), Corporate e Investment Banking, 4° edition, Egea, 2007, chapters: 4, 5, 6, 7, 9, 10, 11, 12, 17.

Textbooks and further readings are consistent with the syllabus.

Assessment methods and criteria

Written test made up of multiple choice and/or open questions and/or exercises.