{"id":1777,"date":"2024-01-17T04:16:42","date_gmt":"2024-01-17T04:16:42","guid":{"rendered":"https:\/\/bankfin.unipi.gr\/mastersbankfin\/?post_type=courses&#038;p=1777"},"modified":"2024-01-17T04:17:05","modified_gmt":"2024-01-17T04:17:05","slug":"bank-risk-management","status":"publish","type":"courses","link":"https:\/\/bankfin.unipi.gr\/mastersbankfin\/en\/courses\/bank-risk-management\/","title":{"rendered":"Bank Risk Management"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1777\" class=\"elementor elementor-1777\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4fb1672 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"4fb1672\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c52f091 elementor-widget elementor-widget-heading\" data-id=\"c52f091\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 29-01-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Bank Risk Management<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e55c50d elementor-widget elementor-widget-text-editor\" data-id=\"e55c50d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 29-01-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"color: #ffc747;\"><b>Full Time<\/b><\/span>\/\/ 2nd Semester, Course Code: <strong>\u039c\u0395\u03a7\u03a1\u0397333<\/strong><\/p><p><span style=\"color: #00ffff;\"><strong>Part Time<\/strong><\/span> \/\/ 2nd Semester, Course Code: <strong>\u039c\u0395\u03a7\u03a1\u0397-\u039c333<\/strong><\/p><p><strong>Credits:<\/strong>\u00a0<strong>6<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-de65e1f e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"de65e1f\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a9c4e12 elementor-widget elementor-widget-n-accordion\" data-id=\"a9c4e12\" data-element_type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1780\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1780\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h4 class=\"e-n-accordion-item-title-text\"> Course Description in .pdf <\/h4><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1780\" class=\"elementor-element elementor-element-5c71ca5 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"5c71ca5\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e017bd elementor-widget elementor-widget-button\" data-id=\"1e017bd\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-xs\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Full Time Course Description (Greek)<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cebe8b1 elementor-widget elementor-widget-button\" data-id=\"cebe8b1\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-xs\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Full Time Course Description (English)<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-859290a elementor-widget elementor-widget-button\" data-id=\"859290a\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-xs\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Part Time Course Description (Greek)<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-034f7e9 elementor-widget elementor-widget-button\" data-id=\"034f7e9\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-xs\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Part Time Course Description (English)<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-954933b e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"954933b\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4621c87 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"4621c87\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-89a83ab elementor-widget elementor-widget-heading\" data-id=\"89a83ab\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Learning Outcomes<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d21b663 elementor-widget elementor-widget-text-editor\" data-id=\"d21b663\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Modern bank management focuses on bank risk management. The banking industry is considered more vulnerable compared to other industries. Banks face a multitude of risks that are more threatening to the banking sector such as interest rate risk, credit risk, market risk and liquidity risk. The central role that financial institutions have in the workings of the economy require such emphasis.&nbsp; Banks face intense competition not only locally among the banking system in each country but also&nbsp; from other financial institutions internationally. The emphasis on financial stability is evident from the enactment of the Basel Agreement and the regulations emanating from BIS since 1996. Students in this course will be exposed to material pertaining to the identification of bank risks, the measurement of their consequence and the hedging methods available.&nbsp; Bank risks will be presented according to&nbsp; the seriousness&nbsp; of their impact: Interest rate risk, credit risk, market risk, capital adequacy risk will be analyzed thoroughly and to a lesser extent the off balance sheet risk, FX risk, liquidity risk and operational risk.<\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p>Upon successful completion of the course, the students will be able to:<\/p>\n<ul>\n<li>Understand the challenges that banks are facing<\/li>\n<li>Predict the effect of interest rate changes on the profitability and sustainability of banks<\/li>\n<li>Understand the kind of risk which banks are confronted with when economic events happen<\/li>\n<li>Measure and hedge banking interest rate risk<\/li>\n<li>Measure and hedge credit risk<\/li>\n<li>Measure and hedge market risk<\/li>\n<li>Understand the sources and consequences of liquidity, OBS and operational risk<\/li>\n<li>Evaluate bank capital adequacy<\/li>\n<li>Understand the securitization process of bank assets<\/li>\n<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1df81e8 elementor-widget elementor-widget-heading\" data-id=\"1df81e8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">General Competences<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d33ad03 elementor-widget elementor-widget-text-editor\" data-id=\"d33ad03\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li>Search for, analysis and synthesis of data and information by the use of appropriate technologies.<\/li>\n<li>Analysis of capital market conditions and adaption to new information situations.<\/li>\n<li>Decision-making.<\/li>\n<li>Individual\/Independent work.<\/li>\n<li>Group\/Teamwork.<\/li>\n<li>Project planning and management<\/li>\n<li>Analyst and consultant abilities.<\/li>\n<li>Critical thinking.<\/li>\n<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61182b5 elementor-widget elementor-widget-heading\" data-id=\"61182b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Course Content<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3198710 elementor-widget elementor-widget-text-editor\" data-id=\"3198710\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>(1) Financial Institutions Specialness<\/p>\n<p>&bull; The financial intermediation role of banks<br \/>&bull; Time and denomination intermediation <br \/>&bull; The role of banks in the transmission of Monetary Policy<br \/>&bull; The regulatory framework of the banking system<br \/>&bull; Non-bank financial institutions<\/p>\n<p>(2) An introduction to bank risks<\/p>\n<p>&bull; Interest rate risk<br \/>&bull; Credit risk<br \/>&bull; Liquidity risk<br \/>&bull; FX risk<br \/>&bull; Country risk<br \/>&bull; Market risk<br \/>&bull; Off Balance Sheet Risk<br \/>&bull; Operational risk<br \/>&bull; Capital adequacy risk<\/p>\n<p>(3) Measuring and Managing Interest rate risk<\/p>\n<p>&bull; The yield curve and bond pricing<br \/>&bull; Duration of assets and liabilities and Interest rate risk <br \/>&bull; Duration Gap management<br \/>&bull; Managing the duration gap with interest rate swaps<br \/>&bull; Managing the duration gap with futures<\/p>\n<p>(4) Credit Risk<\/p>\n<p>&bull; The return of a loan<br \/>&bull; Analyzing credit risk with Probit, Logit and Discriminant analysis<br \/>&bull; The RAROC model <br \/>&bull; CREDIT VaR<br \/>&bull; Merton&rsquo;s model<\/p>\n<p>(5) Market Risk<\/p>\n<p>&bull; Value at Risk<br \/>&bull; Risk Metrics<br \/>&bull; Historic Simulation<\/p>\n<p>(6) Capital adequacy<\/p>\n<p>&bull; BIS I, II,III<br \/>&bull; Types of Bank capital<br \/>&bull; Risk Weighted Assets<br \/>&bull; Converting OBS values into On Balance Sheet equivalent amounts<\/p>\n<p>(7) Securitization<\/p>\n<p>&bull; Pass Through securities<br \/>&bull; CMOs<br \/>&bull; Mortgage Backed Bonds<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32f968c elementor-widget elementor-widget-heading\" data-id=\"32f968c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Student Performance Evaluation<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a4ee33 elementor-widget elementor-widget-text-editor\" data-id=\"9a4ee33\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>I. Written exam (70%) that includes:<br \/>&bull; Questions on theory.<br \/>&bull; Problem solving.<\/p>\n<p>II. Coursework (30%) that includes problem solving subject to the material taught in class.<\/p>\n<p>This is a 3-hour written exam. The individual evaluation grades are explicitly written next to the question.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea8ec08 elementor-widget elementor-widget-heading\" data-id=\"ea8ec08\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bibliography<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f93dc9 elementor-widget elementor-widget-text-editor\" data-id=\"3f93dc9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Suggested Bibliography<\/strong><\/p><ul>\n<li><u>Saunders, A<\/u>. &amp; Marcia Millon-Cornett, <u>Financial Institutions Management: A Risk Management Approach<\/u> , McGraw -Hill 8<sup>th<\/sup> edition, 2014.<\/li>\n<li>Saunders, A. &amp; Marcia Millon-Cornett, <u>&Delta;&iota;&omicron;\u03af&kappa;&eta;&sigma;&eta; &Chi;&rho;&eta;&mu;&alpha;&tau;&omicron;&pi;&iota;&sigma;&tau;&omega;&tau;&iota;&kappa;\u03ce&nu;<em> &Iota;&delta;&rho;&upsilon;&mu;\u03ac&tau;&omega;&nu; &kappa;&alpha;&iota; &Delta;&iota;&alpha;&chi;&epsilon;\u03af&rho;&iota;&sigma;&eta; &Kappa;&iota;&nu;&delta;\u03cd&nu;&omega;&nu;<\/em><\/u> , BROKEN HILL PUBLISHERS LTD, 2017.<\/li>\n<li>Hull, John C., <u>Risk Management and Financial Institutions, Pearson International Edition, 2007.<\/u><\/li>\n<li>Saunders, A. &amp;Linda Allen, <u>Credit Risk Measurement<\/u>, Wiley, 2002.<\/li>\n<li>Crouhy, M., Dan Galai and Robert Mark, <u>Risk Management,<\/u> McGraw &ndash;Hill, 2001.<\/li>\n<\/ul>\n<div id=\"gtx-trans\" style=\"position: absolute;left: 91px;top: -17.0046px\">&nbsp;<\/div>\n<p><strong>Related Academic Journals<\/strong><\/p><ul>\n<li>Journal of Banking and Finance<\/li>\n<li>Journal of Money Credit and Banking<\/li>\n<li>Journal of Financial Stability<\/li>\n<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1eb0b39 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"1eb0b39\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f096748 elementor-widget elementor-widget-text-editor\" data-id=\"f096748\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"text-align: center;\"><strong>Master of Science (M.Sc.) in<br \/>\u00abBanking and Finance\u00bb<\/strong><br \/>Specialization in <br \/>\u00abBanking and Financial Management\u00bb<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f8b360 elementor-widget elementor-widget-heading\" data-id=\"4f8b360\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Courses<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8579dc7 hfe-nav-menu__breakpoint-none hfe-nav-menu__align-left hfe-submenu-icon-arrow hfe-submenu-animation-none hfe-link-redirect-child elementor-widget elementor-widget-navigation-menu\" data-id=\"8579dc7\" data-element_type=\"widget\" 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