Teacher(s)

D'Hondt Catherine; De Winne Rudy;

Language

French

Main themes

- Financial risk management (interest rates, equity,
exchange, credit, etc.)
- Management of financial institutions.
- The European regulation (MiFID) and its implications for
the financial industry

Aims

At the end of this learning unit, the student is able to :
1	- master market analysis techniques and risk management & hedging techniques - understand the functioning of financial institutions and risk-takingrisk hedging under current regulations - analyze and discuss the recent evolution of the European trading landscape

The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.

Content

* Introduction to financial markets: some facts & figures
* Market structure and design
* Market quality and liquidity
* MiFID & the European capital markets industry

Teaching methods

- Lectures
- Group work (case study)

Evaluation methods

- written examination
- continuous assessment (case study)

Bibliography

* Foucault T., Pagano M. & Röell A, 2013, "Market
Liquidity: Theory, Evidence, and Policy", Oxford University
Press
* Harris L., 2003, "Trading & Exchanges : Market
Microstructure for Practitioners", Oxford University Press
- HULL J. (2007), Options, futures et autres actifs
dérivés, 6e ed., Pearson.
- HULL J. (2007), Risk Management and Financial
Institutions, Pearson.
* Giraud JR. & D'Hondt C., 2006, "MiFID: Convergence
towards a unified European capital markets industry",
Riskbooks
* D'Hondt, C. & J.R. Giraud, 2007, "MiFID: the (in)famous
European Directive?", EDHEC Position Paper, March.

Faculty or entity

CLSM