This unit outlines the key sources of risk for financial institutions, namely market, credit (retail and commercial), operational, liquidity, underwriting and governance. It explains how each type of risk is measured/quantified as well as the mechanics of the models commonly used to assess each type of risk. The unit outlines other risk mitigation strategies commonly employed by financial institutions, including pricing, provisioning for expected losses, stressing testing and scenario analysis, as well as contingency capital planning. It also covers the primary themes of risk governance such as the three lines of defence, organisation structure and policies/procedures. -- Course Website
Instructor: Associate Professor Robert Trevor
Prerequisites: Admission to MFinReg
