London Financial Studies courses

...futures and swaps Cost of carry Seasonality in energy prices The Forward Market Physical versus Financial markets Contango and backwardation Constructing... Learn about: Physical Optionality, Commodity Derivatives, IT risk...

...covering a range of models commonly used for different asset classes. From SABR and BGM in Interest Rates to local volatility, stochastic volatility... Learn about: Counterparty Risk, Mathematical errors, Market Liquidity...

...smile Measuring explicit correlation risk Hidden correlation risk Hedging correlation exposure Day Two Managing risk with scenarios Difference between... Learn about: IT risk, Cross risk, Cliquet products...

...and Strategy Challenges for treasury risk management in various types of institutions Similarities and differences across banks, financial institutions... Learn about: FX Movements, Cash Flow, MS Excel...

...Building a model to assess the price impact of a large liquidation Day Two Credit and Operational Risk Potential Future Exposure Credit limits Defining... Learn about: Historical simulation, Coherent risk, Liquidation VaR...

...Background Variance covariance approach Historical simulation Monte Carlo simulation Identifying trades to reduce VAR Backtesting and procyclicality Stress... Learn about: Coherent risk, Historical simulation, Market Risk...

...means Banking books vs Trading books - A business driven segmentation Banking books vs Trading books - Regulatory boundaries Case Study: Limits to product... Learn about: Interest Rates, Risk Management, Rate Risk...

...Building a fundamental factor model for an equity portfolio, modelling the momentum factor Macroeconomic Factor Modelling Real and monetary macroeconomic... Learn about: Finance strategy, Investment Banking, Investment strategies...

...with IAS 39 where relevant. The second half of the programme covers impairments. Key elements of the three bucket model such as the calculation of expected... Learn about: Financial Training, Financial liabilities, Credit losses...

...Bayes theorem Statistical inference and hypothesis testing Type I and Type II errors Time series analysis and forecasting Seasonal and other cyclical effects Workshop... Learn about: Risk Management, Financial Training, Quantitative Analysis...

...Liquid instruments Systematic Internalisers Venues: RMs, MTFs, OTFs, and BCNs Best Execution What does this mean in fixed income markets? Post-trade Transparency... Learn about: Block size, MiDIF 1, Fixed income management...

...What is your role? Venues: RMs, MTFs, OTFs and BCNs Best Execution What does this mean in fixed income markets? Transaction cost analysis Post-trade Transparency... Learn about: Stress Testing...

...No reasonable derivative management and modelling can be done without taking the new dynamic and the regulatory aspects into account. Two frameworks have become the standard... Learn about: Risk Management, IT risk, Quant analysts...

...DVA and FVA Review of CVA and DVA The problems with DVA The source of funding costs FVA CVA/DVA/FVA framework Example: CVA/DVA/FVA calculation Collateral... Learn about: OTC Derivatives, Microsoft Excel, Risk manager...

...the old and the new Thoughts and consequences of non normality - Implications for P&L - Comparing realized to implied probabilities - Prop trading... Learn about: Stochastic Vol, MS Excel, IT risk...

...unconventional techniques Fiscal policy and the supply of government bonds Budget deficits and sustainability of debt: are some public finance directions unsustainable?... Learn about: Financial Training, Market Traders, Asset Performance...

...and Conflicts Segment / Branch Profitability Compensation Budgeting Day Two Practical Applications Liquidity adjusted FTP Spread Volatility reflected... Learn about: Net Funding, Financial Training, Budgetary management...

...working capital facilities, bridge finance and capital expenditure facilities) and PIKs; credit default swaps; corporate structure and capital structure... Learn about: Recovery analysis, Financial Assessment, Instrument assessment...

...as well as in business planning Building blocks of a bank stress test model – pre provision operating profits; loan loss and other asset provisioning... Learn about: Operational Risk, Capital planning, Balance Sheet...

...dealing with model risks in banking. Auditors (internal and external) Industry Regulators Risk Managers and Risk Controllers Banking Executives Compliance Officers... Learn about: Risk Management, Bootstrapping Errors, Risk Sources...