Learning Outcomes:
On completing this module, the students will be able to:
• Understand major Risk Management issues, and knowledge of the theory, valuation, and basic mathematics required for financial risk management.
• Produce and interpret such quantities as Value at Risk (VaR) and Expected Shortfall.
• Understand derivatives markets and how they are used for hedging and trading.
• Have a firm grasp of the major historical failures in Institutional Risk Management.
Indicative Module Content:
• The ways in which risks are quantified and managed by financial institutions.
• Forwards, Futures, Swaps and Options
• Derivatives Mishaps.