BANK AND INSURANCE COMPANIES COURSE PRESENTATION

Transcription

1 BANK AND INSURANCE COMPANIES COURSE PRESENTATION Prof. Laura Viganò

2 Structure of the meeting Presentation by the lecturer (10 ) Students presentation (30 ) Course presentation (40 ) Break (10 ) Some introductory concepts (1,5h)

3 Presentation of the lecturer Name: Laura Viganò Professor of banking Working in USB since 1988 Main interest of research: finance in developing countries Education: graduation at USB, Ph.D. at USB, visiting instructor at OSU/USA

4 Contacts Office: room 254 Phone: Fax: Office Hours: Friday and by appt

5 Students presentation

6 Before starting. A very important suggestion for Italian students: Don t be afraid to speak English!!! A very important suggestion for American students: Speak slowly, repeat when asked by rephrasing your sentences

7 Tell the class: Write these info in the table Your name Your age Major Knowledge in banking Expectations for the course Expectations for your stay in Italy

8 Course presentation

9 Course aim The course aims at presenting the structure, operating principles and products of Italian and American Banks and Insurance companies: structure of the market typology of institutions types of products product analysis The course major aim is to allow the participants to learn from the exchange of information and experiences.

10 Background knowledge Conceptual/descriptive approach Managerial issues in banks and insurance companies Strong competence in quantitative methods (mathematics or statistics) is not required.

11 Course duration 4 weeks 12 (11 +written exam) lessons 3 classes per week Students are expected to keep up with the class material and participate in class discussions on a daily basis.

12 Required Readings Slides from the lecturer Readings from books and reviews (to be looked for by the students!) Information downloaded from main web-sites on bank and insurance companies Course info and slides available on the web-site

13 Recommended References Anthony Saunders and Marcia Millon Cornett, Financial Institutions Management: A Risk Management Approach, International Edition, McGraw-Hill Irwin, 2003, ISBN Emmet J. Vaughan and Therese Vaughan, Fundamentals of Risk and Insurance, 9 th Edition, John Wiley and Sons, 2003, ISBN

14 1 st week: Italian and US Banking Systems L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

15 Lecture 1: The role of banks Purpose: to stress the role of financial intermediation in the economy. L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

16 Lecture 2: Structure and regulation of the financial system Purpose: to know the basic regulation in the US and Italian financial systems. To understand the different nature of banks and other financial intermediaries. To compare US and Italian banking systems L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

17 Lecture 3: How to read a bank report Purpose: to know what is the main information of a bank report, focussing the attention on the main qualitative and quantitative indicators L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

18 2 nd week: bank management, products and performance L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

19 Lecture 4: Bank structure and cultural values Purpose: to know the influence of cultural values on the way to run a banking business, starting from the case studies analysed. L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

20 Lecture 5: Bank culture in Italy, Europe and the US. The influence on financial products demand Purpose: to analyse the cultural influence on bank management in Italy, in some other European Countries, and the US. To notices the consequences on bank products: the case of consumer credit L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

21 Lecture 6: Consumer credit credit scoring Purpose: to understand how the bank operates loan evaluation in the case of consumer credit L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

22 3 rd week: risk and risk management L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

23 Lecture 7: The concept of risk, financial risks and other risks. Purpose: to understand the nature of risk in economic activity L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

24 Lecture 8: Insurance companies: structure Purpose: to describe the role of insurance companies and to analyse a case study L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

25 Lecture 9: The insurance products Purpose: to know basic characteristics of insurance products L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

26 4 th week: Insurance Market L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

27 Lecture 10: The insurance market Purpose: to understand the weight of the insurance business in Italy,Europe, US. L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

28 Lecture 11: An Italian Case guest speakers from Insurance Company L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

29 Lecture 12: Purpose: EXAM! L. Viganò, Bank and Insurance Companies, University of Bergamo, 2006

30 Teaching methods Lectures Exercises Group discussions Assignments and presentations from students Field visits or invited speakers from banks and insurance companies Group Formation The class will be divided into 6 groups. Each group should comprise of 6 students (3/4 American and 2/3 Italian/European).

31 Student Participation Each student is expected to contribute to class discussion Be well prepared for each class meeting on your own point of view and criticize other people s points of view.

32 Final exam 10 questions on the whole program Questions may be open or multiple choice

33 Final grade class participation 15% group work 15% individual reports on guests 15% final exam 55%

34 Seating Plan You must sit in the same place for every class. Write your name on and put it on your table.

35 Any questions?

36 Let s have a break only 10!!!!

37 Some introductory concepts

38 Some basic questions How many inhabitants in the US? How many in Italy? Level of GDP in the US? GDP in Italy? Regional differences in the US? Regional differences in Italy? Are banks similar in the US and Italy/Europe? 298 mn. 58 mn. $ 12,470,000,000,000 $ 1,650,000,000,000 Which ones?.south/north Let us see!

39 Some other basic questions What is a bank? What are its main functions? Who are Surplus and Deficit Units? What is a non-bank financial intermediary?

40 Differences US/Italy in the banking system? What do you know? Where do you get the information?