Executive Master in Responsible Banking (Estancia LSE)

IEB - Instituto de Estudios Bursátiles
12.700  €
Descripción del curso
The Executive Master in Responsible Banking is a one-year programme designed for bankers and future financial service providers who wish to sustainably change the banking industry. Organised by three major international players in the banking and academic sectors it delivers two specialisations, one in retail banking, the other in corporate banking. Each chapter is analyzed from a responsible management perspective emphasising the bank's economic role and its impact on social welfare and the environment.
The Executive Master in Responsible Banking is a one-year programme designed for bankers and future financial service providers who wish to sustainably change the banking industry. Organised by three major international players in the banking and academic sectors it delivers two specialisations, one in retail banking, the other in corporate banking. Each chapter is analyzed from a responsible management perspective emphasising the bank's economic role and its impact on social welfare and the environment. The Executive master's online modular set up is enriched with local study visits to banks and academies in order to illustrate the content and facilitate professional exchanges. Coaching sessions are planned to reinforce the Executive master's course insights. Programme accreditation ensures the highest quality of instruction. Responsible banking encompasses a strong commitment by the banks to sustainable development and requires them to address corporate social responsibility as an integral part of its business activities. Responsible banking principles include:  Fair and transparent corporate governance,  Fair and clear relations with customers  The provision of useful and appropriate products and services that improve the financial well being of customers.  Responsible investment through the integration of environmental, social, governance (ESG) and ethical issues into financial analysis and decision-making,  The promotion of financial accessibility and inclusion,  The promotion and provision of financial education policies and instruments.  Environment - friendly business,  Making a responsible contribution to the community,  Being a responsible employer through the application of fair and equal treatment to all staff  Contribution to financial stability Responsible banking emphasises the bank's primary socio-economic role as a provider of sustainable welfare to both the citizen and the economy. Objectives The Executive master's objective is to enable the student to influence the industry's future and contribute to making positive change a sustainable reality. The Executive master's modules include classic and current business theories with recent business cases to teach students how to more effectively manage and lead complex banking organisations in today's competitive business environment. The programme includes study visits to banks in order to see how responsible banking is practically integrated into a bank's strategy and operations. The coaching sessions are there to help the student as an individual, to analyze the environment and the realistic options to successfully transform banking practices into more responsible ones. The student will acquire and develop skills in Executive master disciplines and a wide range of specialities crucial to the success of banking and finance professionals. As an individual, the student will  improve the decision-making and performance;  gain a better understanding of corporate thinking and culture;  acquire a holistic approach towards people, processes and technology. As a professional, the student will  gain comprehensive knowledge of specialised areas in banking and finance;  learn to efficiently manage bank risk;  develop customer-centric strategies and policies;  develop a new bank management culture;  acquire the current best responsible banking practices;  analyze the main conflicts of interest in different banking business lines. Structure The programme was created in partnership with: - The World Savings Banks Institute and the European Savings Banks Group (WSBI-ESBG), leading providers of training and consultancy services to the banking sector in emerging and transitioning economies since the early 1990s. - The Instituto de Estudios Bursatiles (IEB), which is affiliated with the Universidad Complutense, sponsored by the Madrid Stock Exchange, and the current leader in financial training in Spain and Latin America, counting among its clients the main Spanish and Latin American financial institutions (banks, saving banks, pension fund managers, stockbrokers, etc.) And in association with: - The London School of Economics (LSE), the global leader in the study of economics, law and European studies, demonstrated by its 16 Nobel Prize winners and 34 past or present world leaders who have studied or taught at LSE. Methodology The most innovative aspect of the On-line Executive Master programme is the method used: firstly, the students will have an academic tutor in all modules, whose responsibility it will be to follow up each of the students, introduce practical cases, answer the questions posed by students through on-line tutorials, etc... Students will also have detailed study documentation, as well as numerous spreadsheets which will be kept on the virtual platform so that students can work with them from wherever they are studying. Studying online is becoming so popular that many well known academic institutions are launching their own online courses. It is a development that coincides with the growing accessibility of high quality online video and receivers such as iPads and smart phones. Online courses also offer convenience, flexibility, and cost advantages. They allow you to study anytime, anywhere. Costs can also be easier to handle because there is no need to commute or quit your job. The lack of interactivity that is often considered a disadvantage has been addressed with innovative methodology and the latest technology in the present programme. Study Plan A) Content of the Programme Module l (Compulsory).Foundations in Responsible Banking (400 hours)  Course 1. Foundations in Finance (80 hours)  Course 2. Integrity of Financial Markets and Products: the Responsible Approach (80 hours)  Course 3. Creating a Culture of Responsible Risk Management (80 hours)  Course 4. Corporate Governance and Regulation in Financial and Banking Institutions (80 hours)  Course 5. Organizational and Strategic Corporate Management for Responsible Institutions. The Individual within the Organization (80 hours) Module ll (Specialization, 120 hours). Responsible Retail Banking Management Module lll (Specialization, 120 hours). Responsible Corporate Banking Management B) SYLLABUS Module I (Compulsory): Foundations in Responsible Banking Course 1: Foundations in Finance (4 credits) Understanding the Responsible Financial and Banking Environment and the main Technical Financial Tools - 1. Financial Institution roles and Responsibilities: key points for Responsible Banking - 2. Macroeconomics and main economic theories - 4. Statistics applied to Responsible Financebr> - 5. Foundations in analysis and interpretation of financial statements and management ratios - 6. Behavioral Finance: the importance of psychology in the economic crisis. Case studies 1. Consequences of Government unwillingness to back Foreigners' Deposits: the Ice save case 2. "The Latvian Lesson. How its Banking Industry was reshaped " 3. Responses to the Financial Crisis: responsible responses of different Business Banking Models Readings 1. Study of the German savings Bank Model 2. Moral hazard: "too big to fail", how to manage Systemic Banks   Course 2:  Integrity of Financial Markets and Products: the Responsible Approach (4 credits): Analysis of the role, behavior and responsible development of Financial Markets and Products - 1.  The essentials of Equity Markets - 2.  The role and functioning of Fixed Income Markets - 3. Sustainable development of Currency and Forex Markets - 4. Good practices in Derivative Markets - 5. The importance of Interbank Markets - 6. Securitisation and the side effects on the Subprime Crisis - 7. Mutual and Pension Funds: commitments to society - 8. Ethical Investment in Hedge Funds: its philosophy, approach to investments and new strategies Case studies: 1. Soft Commodities: how to prevent Market Volatility to avoid hunger in third world countries. 2. Ponzi scheme Madoff's fraudulent investment operations. 3. How to avoid interbank interest rate fixing manipulation: the libor scandal and its implications for financial markets. 4. Sovereign debt and policy maker decisions. Greek debt relief and moral hazard. 5. AIG Short Selling CDS, Credit Default Swap, and their role in the Subprime Crisis Readings: 1. Performance Attribution and Asset Allocation: do not dissociate investment policy from customer. 2. Systemic effect of ETFS and how to prevent Counterparty Risk. 3.  Hedge Fund industry role in Financial Markets and New Regulations. 4.  The misuse of alternative investments in the cases of LTCM and Amaranth   Course 3: Creating a culture of responsible risk management (4 credits) Identifying, assessing, managing and mitigating the Integrated Risks of a Financial Institution  - 1.  Credit Risk analysis. Ethical issues in Risk Management   - 2.  Fair Scoring & Credit Rating Analysis: the role of rating agencies  - 3   Reliable Market Risk Analysis   - 4. Operational Risk   - 5.  Liquidity analysis, asset and liability management    - 6.  Integrated and Strategic Risk Governance Case studies: 1. Solvency analysis of financial institutions: European Stress Tests 2. Rating agencies, ownership and conflicts of interest while structuring and valuating assets 3. Var Risk Model failure during financial crisis: what went wrong? 4. Wells Fargo´s sound approach to Risk Management Readings 1.  Geostrategic Risk, London School of Economics. 2. Insurance 2020 turning change into opportunity", 2011, PWC. 3. The ethics of Risk Management: a post-crisis perspective, 2011, John R. Boatright.   Course 4: Corporate Governance and Regulation in Financial and Banking Institutions: (4 credits) Understanding new Banking Regulatory Framework, and complying with Responsible Principles  - 1.  Introduction to ethics in financial institutions  - 2. Definition and objectives of Corporate Governance  - 3. New Regulations and Banking Reforms: Crisis Management, Volcker's and Vickers, MIFID  - 4. New trends in financial accounting standards  - 5.  Internal control, compliance and audit  - 6. International taxation and tax arbitrage prevention (tax havens) Case studies 1. New requirements and changes of Basel III: towards a new business model for financial institutions? 2. Accounting manipulation and fraud: Enron, Parmalat WorldCom 3. Siemens and its u-turn policy in ethics and compliance. 4. 200 years of savings banks: a strong and lasting business model of retail, regional and responsible banks: "do savings banks differ from traditional commercial banks Professor Giovanni Manghetti, chairman, Cassa di Risparmio di Volterra, ESBG-WSBI persepctivese N°63 Sept. 2011 Readings 1. Corporate Governance in Europe: (MIFID) Markets in Financial Instruments Directive and the banking directive 2. Breaking up the banks from Glass and Steagall act to Volcker rule and Vickers report. "Restructuring the banking system to improve safety and soundness", 2011, Thomas M. Hoening and Charles S. Morris 3. Best practices in control and compliance: the banking system in Canada 4. "Did good cajas extend bad loans?" 2010, Luis Garicanoand Vicente Cuñat,  London School of Economics. 5. Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: A renewed EU strategy 2011-2014 for Corporate Social Responsibility   Course 5: Organizational and Strategic Corporate Management for Responsible Institutions. The individual within the organization (4 credits) Leading Financial Institutions responsibly and creating sustainable competitive advantages by managing people and talent  - 1. Organizational structures for financial institutions  - 2. Strategic Management, leadership and future trends in Banking Management  - 3. Corporate Social Responsibility Strategy  - 4. Responsible and Strategic compensation and key benefits  - 5. Professionalism in banking: competence and integrity. Standards of professional conduct          - 6. An introduction to retail and Corporate Banking Organizational Models Case studies 1.  Good practices in banking. Current examples of social banking: the case of retail and savings banks 2. Banking workers resilience: the Goldman Sachs employee's resignation letter. Loyal or disloyal behaviour? 3. Gordon Brown's introduction to specific bonus taxation 4. "Measuring the social dividend in saving banks: the case of Banco Caja Social BCSC (Colombia) and Hatton National Bank (Sri Lanka)", perspective 57, February 2007, WSBI. Readings 1. "Banking in 2050", 2011, PWC 2. Benefits of banking for Emerging Markets Population   3. How EU States have managed banking recapitalisation: who pays the bill? 4. "Islamic Banking and Finance, insight on possibilities for Europe, ESBG    Perspectives N° 60 Oct 2009" 5. "Corporate Governance and access to finance: Kenya Post Office savings bank (Kposb)", perspectives 62, March 2011, WSBI.   Module II:  Specialization (6 Credits) Responsible Retail Banking Management  - 1. Responsible Retail Banking Institutions  - 2. Strategic selling and advisory responsible approach  - 3. Integrity in marketing, brand positioning, competitive advantages, pricing policy   - 4. Corporate Communication and Brand Reputation   - 5. Responsible Innovation in Banking: new technologies for customer-centric experiences  - 6. Key issues in the financing and service of Small and Medium Sized companies Case studies 1. Advisory vs. product commercialization. Best practices in Private Banking. 2. Brand positioning of saving banks vs. banks and other financial intermediaries 3. Preferred Shares: the misleading product distribution of Spanish banks 4. The increasing importance of responsible corporate communication. A new way to manage corporate reputation 5. Microfinance's experiences 6. Proximity banking: the case of community banks in the US Readings 1. Consumer behaviour and customer analysis needs. 2. Public policies to improve credit accessibility to SME. 3. Ethics in microfinance, 2011, Reinhard H. Schmidt. 4. Poor sales practices: interest rate hedging products sold to SME in the UK. 5. "Mass Retail Banking: how saving banks in Africa, Asia, and Latin America can provide usable services for the poor", working paper, WSBI, 2012. 6. "Bank dependency during SME's international expansion" ESBG-WSBI Perspectives N°61, Sept 2010   Module III: Specialization (6 Credits) Responsible Corporate Banking Management 1. Foundations in Corporate Finance and best practices 2. Finance and Investment: efficient and sound alternatives to banking finance 3. Corporate Finance 4. Structured Finance 5. Professionalism in Corporate Banking Case studies 1. Conflicts of interest in Mergers and Acquisitions: the disastrous merger of Sprint and Nextel 2. Dot.com and Face book recent public offerings. Did the underwriters act properly and transparently? 3. Multilateral banking institutions' role in project development: IMF´s  active role  4. Current issues in insider trading: Galleon group hedge-fund founder Raj Rajaratnam´s sentence Readings 1. Debt restructuring in Spanish banks. What lessons can be learned? 2. Capital Markets and Asset Securitisation. What went wrong at Bear Stearns? 3. Private Equity and Venture Capital. The Responsible Approach: what's behind private equity transactions? Qualification In addition to the Executive Master title, an accreditation by the Instituto de Estudios Bursátiles and the World Savings Banks Institute in association with the London School of Economics has been established. This certification is established as the benchmark in Responsible Banking Management by financial entities, bestowing the title of "Responsible Banking Professional". To obtain the certification, candidates must pass a certification exam at the end of the Programme. Every two years, candidates should undertake 16 hours of recertification training to remain accredited in Responsible Banking.
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