Banking is an industry famous for offering a wide range of opportunities, great working conditions and a commitment to ongoing training and learning. Through this course, students are exposed to the issue of information asymmetry that exists between the borrower and the lender and the need to design contracts that reveal and monitor the quality of the borrower. The units also consider the nature and legal implications of the banker-customer relationship. The high debt that financial institutions have in their capital structure, the interest sensitivity of their assets and the liquidity that depositors demand result in unique interest, credit and liquidity risk management issues.
Banks and financial institutions work based on having debt built into their structure and you’ll learn to understand the interest, credit and liquidity risk management issues that this can create. You’ll examine how the global banking system works and how it affects the local business environment, as well as international trade.[/vc_column_text]