RESPONSIBLE BANKING COURSES (Online)

Transcription

1 RESPONSIBLE BANKING COURSES (Online) 1

2 Introduction The Responsible Banking Educational Programmes are organized by three major international players in the banking and academic sectors (the IEB, the World Savings Banks Institute and the London School of Economics Executive Education). The Executive Master in Responsible Banking (MRB) and the Responsible Finance Management Programme (RFMP) seek to inspire bankers to implement the necessary cultural changes inside the banking and financial industry to win back client trust and to gain a competitive advantage; as we understand it, the future of banking will depend on organisations behaving with integrity, covering environmental, social, economic and governance issues while respecting all stakeholders. We offer the possibility of completing the Executive Master in Responsible Banking courses (Advanced Courses) or the Responsible Finance Management Programme courses (Foundation Courses) separately. Responsible Banking Advanced Courses The Executive Master contains 7 courses; five courses for Module 1, one course for Module II and one course for Module III as seen in the attached diagram. Each course lasts 6 weeks and on completion, students obtain an Advanced Certificate in that Responsible Banking Course. EXECUTIVE MASTER IN RESPONSIBLE BANKING (One year) MODULE 1: Foundations in Responsible Banking (Nine months) MODULE II: Responsible Retail Banking (Two months) MODULE III: Responsible Corporate Banking (Two months) COURSE 1: Foundations in Responsible Finance (Six weeks) COURSE 2: Integrity of Financial Markets and Products: The Responsible Approach (Six weeks) COURSE 3: Creating a Culture of Responsible Risk Management (Six weeks) COURSE 4: Corporate Governance and Regulation in Financial and Banking Institutions (Six weeks) COURSE 5: Organisational and Strategic Corporate Management for Responsible Institutions, The Individual within the Organization (Six weeks) 2

3 Responsible Banking F oundation Courses The Master contains 7 courses; five courses for Module 1, one course for Module II and one course for Module III as seen in the attached diagram. Each course lasts 3 weeks and on completion, students obtain a Foundation Certificate in that Responsible Banking Course. Foundation courses last 3 weeks instead of 6 as only half of the content of the Advanced Courses is seen. We offer students to complete each Foundation Course next year with those topics and case studies that have not been seen, obtaining therefore the Advanced Course. RESPONSIBLE FINANCE MANAGEMENT PROGRAMME (One year))its MODULE 1: Foundations in Responsible Banking (Nine months) MODULE II: Responsible Retail Banking (Two months) MODULE III: Responsible Corporate Banking (Two months) COURSE 1: Foundations in Responsible Finance (Three weeks) COURSE 2: Integrity of Financial Markets and Products: The Responsible Approach (Three weeks) COURSE 3: Creating a Culture of Responsible Risk Management (Three weeks) COURSE 4: Corporate Governance and Regulation in Financial and Banking Institutions (Three weeks) COURSE 5: Organisational and Strategic Corporate Management for Responsible Institutions, The Individual within the Organization (Three weeks) Methodology Topics and case studies have been selected in order to offer students a fundamental understanding of responsible finance applicable to different finance and banking professions. Each module has been developed with the input from academics and leaders from the financial community. Academic tutors accompany the students throughout the Programme s modules and courses. The tutor s responsibility is to follow each student, introduce practical cases and answer questions through online tutorials. Students receive detailed study documentation as well as numerous spreadsheets which are kept on the virtual platform so that students can use them from whenever and wherever they study. 3

4 Faculty The academic staff is composed by professionals from the financial sector (financial institutions, regulatory official agencies, financial analysts, prestigious auditing and consultancy firms, asset managers, etc.) All professors are successful practitioners who combine a solid academic background with real world experience and insights: many of them hold an international certification such as: Executive Master, a Doctorate, CFA, FRM, CAIA, EFA, etc, issued by prestigious universities throughout the world; furthermore, they work in the fields they teach. Accustomed to working in multicultural environments, their teaching capacity and efficiency in transmitting knowledge have been largely demonstrated. Both, the Director and the Associate Director of the Programme have a highly experienced background. The Program s Director: Jorge Medina Aznar Jorge Medina acts as an Executive Director at Deutsche Bank and Board Member of its Asset Management business in Spain. He s a former Sales & Marketing Director at RBC Investor Services, Royal Bank of Canada Group (ex-bancoval), ex-supervisor at CNMV (Spanish Securities Market Commission) and ex-certified Chartered Accountant at KPMG. He is also currently a Board Member of Enefgy, focused on energy efficiency management. He earned his degree in Finance from Edinburgh University (Scotland), and his degree in Economics from Zaragoza University (Spain). He also received a MBA from IE (Spain) and attended an in-company Senior Management Programme at IESE and ESADE (Spain). Jorge Medina is an Associate Professor at IEB and his research interest includes Corporate Governance, Banking Strategy and Alternative Investments. The Program s Associate Director: Alberto Moreno de Tejada Alberto Moreno de Tejada has a PhD in Political Science from the Universidad Complutense of Madrid and Instituto de Investigación Ortega y Gasset. His prime research interest is in ethics, leadership and governance in organisations. He also holds an MBA (European University) and a B.Sc. in Business Administration (Saint Louis University) as well as B.A. in Law (UNED) and a Diploma in Religious Science (ICADE). He is currently an ethics and compliance lawyer at Madrid s Bar and has been a consultant for the OCDE. He is also Associate Professor of Deontology and Business Ethics at IEB University. 4

5 Antonio Bosch Bachelor Degree in Business Administration, Universidad Complutense de Madrid Program for Management Development (Harvard Business School) Currently Head of Capital and Basel Program Soren Braes Degree in M.Sc.(Eng.) from the Technical University of Denmark. He founded the education line Statistical Finance and his Master Thesis back in 1988 was on Modeling the Price Building Process in the Danish Bond Market using Zero Coupon Pricing Worked with SimCorp (a financial software company) and founded their German subsidiary together with 4 other partners Actual CEO of Risk Repair. José María Capapé Aguilar Degree in Economics. Universidad Complutense de Madrid MBA, IESE Business School Currently, Head of ABS Origination Spain and Portugal at Natixis Jeffrey Chwieroth Visiting Professor in the Department of Political Science at the Institute for Advanced Studies in Vienna (Institut für Höhere Studien), a Visiting Scholar in the Research Department of the International Monetary Fund Consultancy and advisory work including Oxford Analytica and the World Association of Investment Promotion Agencies Reader in International Political Economy at the Department of International Relations at the LSE Director of the MSc. in International Political Economy at the LSE Professor Lord Meghnad Desai PhD from the University of Pennsylvania 1964 LSE lecturer in 1965 His books, among numerous publications, include Marx s Revenge: the resurgence of capitalusm and the death of statist socialism (2002) Chairman of the ixxi series, LSE s flagship forum for high level debate on current affairs Laurie Dufays Business Degree in Economics from the University of Louvain-La-Neuve (Belgium) Corporate credit manager and branch manager for banks in Argentina and Belgium Professional Coach trained in NLP, Board Member of the International Coaching Federation in the Belgian Chapter Actual Deputy Director at the World Savings-Banks Institute (WSBI) Kent Eriksson PhD, Business Studies, University of Uppsala, Sweden Professor, chair in business studies Head for applied retail banking research center Consultant in retail bank development work, and with government and authorities in regulation of banking and insurance industry. He was previously on the board of directors of the Sweedish financial supervisory authority Rafael Gómez de Iturriaga Piña Bachelors Degree in Business Administration, La Comercial (Universidad de Deusto) and currently CFA level II candidate Banco Sabadell in 2007 M&A division of ABN AMRO N+1 Corporate Finance, both in Madrid Mangement Solutions, consulting firm specialized in the risk management of financial institutions Mergers and Acquisitions and Equity Capital Markets transactions Director at the Corporate Finance Division of Banco Sabadell Manuel Goudie BA in Business Administration, Universidad Complutense de Madrid MBA, University of Miami, Florida Country Manager Spain & Portugal, Clayton Euro Risk General Manager, Antares Association. Former Country Risk Manager, Citibank, N.A. Former Treasurer, Spanish Association against Cancer. Director of Master in International Finance at IEB Chang He Bachelor Degree in Political Science, University of Chicago MBA, INSEAD Analyst in Financing Group at Goldman Sachs in Hong Kong, Associate in Merger&Acquisition Group at HSBC in London Deputy Director of Strategic Planning in Consumer Finance at Banco Santander in Madrid, and Asia Region Director at Villar Mir Energia, Grupo Villar Mir in Madrid. Founder and CEO of CollegeMarch, an IT service company providing high quality career services to young students in Europe and Latin America. Michael Lafferty Chairman of Lafferty Group, which founded and received The Queen s Awards for Enterprise in 1988 Heavily involved with the Official Monetary and and Financial Institutions Forum He was a Financial Times journalist Rodrigo Manero Bachelor Degree in Electronic Engineering MBA from IESA PhD Courses (DEA) in Banking from Universidad Autónoma Madrid Trading Desk Manager in Banco Santander in Madrid, responsible for Secondary Market products. Laura Merlini BA in Business Administration at Bocconi University in Milan and received the CEMS MIM (Communiy and European Management Schools) MSc in Internactional Management in 2002 Director of Business Development EMEA for the Chartered Alternative Investment Analyst (CAIA) Association. Credit Suisse (previously Fortis Prime Fund Solutions) in Milan, Madrid and Geneva CAIA Iberia chapter (based in Madrid) in 2008 Geneva committee of CAIA Switzerland leader since 2010 Member of the Educational Committee of 100 Women in Hedge Funds association in Geneva. 5

6 Paul A. Moran BA and MA in Economics and Business Studies, Trinity College, Dublin DEA, European Economics. Universidad Complutense Madrid Worked for Salomon Brothers in London, Price Waterhouse in Paris and the European Commission in Brussels Currently the Director. Center of European Studies in Madrid Michael Pinkney BSc from Bristol University (UK) and holds the Chartered Financial Analyst (CFA) Bachelor Degree in Chemistry, University of Bristol, U.K. Equity Research analyst for over twenty years servicing international institutional investors and hedge funds in Europe, USA, Middle East and Asia Worked at Barclays, Carnegie, Schroders, Salomon Brothers Director of Citigroup Investment Research in Madrid Miguel Ángel Otero Master of Arts in Economics and Bachelor of Science in Economics. Bachelor of Arts in Business Administration. Expert in IFRS and Banking Regulation. Former Bank Supervisor at Directorate General Supervision. Bank of Spain. Bank Expert at European Banking Authority. Roberto Savina Bachelors Degree in Mathematics, Turin University FRM certified by GARP - Global Association of Risk Professionals Worked for Intesa Sanpaolo, AIS Financial Decisions and La Caixa, actively leading a broad range of Risk Management and Capital Market initiatives Currently Head of Risk Governance at Genworth Mortgage Insurance (Madrid/London) Julius Sen Academic director and senior programme advisor at LSE Enterprise Member of the International Trade Policy Unit in the department of International Relations LSE Special adviser to the professional public affairs body FIPRA International Recently appointed Professor of Public Administration by the Academy of Public Administration under the President of Kazakhstan Daniel Scanlan MBA in International Management from the Thunderbird School of Global Management based in Phoenix, Arizona He was responsible for managing Global Trade at Bank of America based in San Francisco. He joint Bank of America in 1994 in Hong Kong, where he spent eight years managing Regional Cash Management and Trade Finance Sales teams He has more than 25 years of banking experience, working in various capacities including, sales management, product management, and operations Mathias Schmit PhD in Finance from the Solvay Brussels School of Economics and Management (Brussels) Worked in banking and public-sector-related activities for 15 years Currently, lecturer for major institutions (e.g. IEB, INSEAD, Amsterdam Institute of Finance, TiasNimbas, Hanoi National University) Lesley Sherratt BA (Hons) Oxon., Philosophy, Politics & Economics. MA (Distinction) King s College London, Human Values & Contemporary Global Ethics Former Head of Flemings Global Portfolios Group, running $5bn collective investment funds. Former Investment Director of Fleming Flagship, Save & Prosper Former CEO Ark Asset Management Ltd (ran hedge funds in the financial services area) Currently awaiting viva for submitted doctoral thesis for PhD at King s College, London on Ethics in Microfinance David Serrano Bachelor Degree in Business Administration Master in European Business, Leicester University CISA, CISM, CGIT, international professional certifications in the audit and control field Member of the Internal Audit Institute of Spain, ISACA (Information Systems Audit and Control Associations) Worked at Bankinter Internal Audit Division, with different responsibilities Currently Manager (Head) of the Business Processes, IT and Subsidiaries audit team Katia Velasco CFA Charterholder since 2001 Bachelor Degree in Commerce (Major in Finance) from Concordia University, Montreal, Canada MSC in International Economics, Banking and Finance from Cardiff Business School Global Institutional and Retail fixed income portfolios as a senior fund manager 6

7 Content of the Programme The syllabus for both the Foundation Courses and the Advanced Courses are detailed below. The ones studying Foundation Courses will only see per course those topics and case studies marked as F.C. Students coursing Advanced Courses will see all the topics and case studies. Students coursing a Foundation Course have the possibility of completing that course next year in order to obtain an Advanced Course. Module 1 Foundations in Responsible Finance Course I. Foundations in Responsible Finance DESCRIPTION Understanding the Responsible Financial and Banking Environment and the main Technical Financial Tools. This course is designed to teach responsible banking concepts, principles and framework. At the same time fundamental economic and finance issues are explained to strengthen participants skills in banking and financial activities. OBJECTIVES Learning the meaning of Responsible Banking and its key principles Discussing the implementation of Responsible Banking: obstacles and opportunities Clarifying fundamental concepts of macroeconomics theories Analysing the Great Recession and current Macroeconomics policies Discussing banks contribution to financial stability and economic growth Understanding the goal of financial mathematics and current best practices Understanding how to use and apply statistics in banking Learning best practices in financial analysis Examining and discussing the importance of behavioural finance for financial institutions and its implication for responsible banking CONTENT 1. TOPICS Financial Institution roles and responsibilities: Key points for responsible banking (F.C.) Macroeconomic theories and banks contribution to financial stability (F.C.) The ethical rationality of financial mathematics Statistics applied to responsible finance Responsible and transparent analysis of financial statements Behavioural finance: The importance of psychology in the economic crisis (F.C.); 2. CASE STUDIES Consequences of government unwillingness to back foreigners deposits: The Ice Save case (F.C.) The Latvian Lesson. How its Banking Industry was reshaped Responses to the Financial Crisis: responsible answers of different business banking models. PART I (F.C.) 3. READINGS Moral hazard: Too Big to Fail, how to manage systemic banks (F.C.) Study of the German savings bank model LECTURERS Laurie Dufays Paul Moran Manuel Goudie Antonio Bosch Jorge Medina 7

8 Course 2. Integrity of Financial Markets and Products: The Responsible Approach DESCRIPTION Analysis of the role, behaviour and responsible development of financial markets and Products. The course aims to explain how transparent and efficient functioning of financial markets can contribute to economic growth. Sustainable and Responsible Investment (SRI) is an essential topic of the course. We study how this concept is applied to different financial products and how to align investors financial objectives with the social responsibility of the financial sector. OBJECTIVES Understanding SRI and its new developments Analysing the efficiency of financial markets Discussing the implementation of banking human rights framework. Obtaining a good and practical understanding of international fixed income markets as well as attempt to review best practices to avoid past scandals. Analysing funding sources available for financial institutions at the bond market and explain aspects to be considered when managing the balance of a bank from a responsible approach Understanding derivatives and learning best practices in derivatives markets Discussing the role of the asset managers of mutual and pension funds, and what duties they have for the financial good of their investors and for the overall good of society as a whole Analysing Hedge Fund strategies and their integration within SRI framework Explaining sustainable development of Currency and Forex Markets CONTENT 1. TOPICS Sustainable and Responsible Investment (F.C.) The role and functioning of Fixed Income Markets Sustainable development of Currency and Forex Markets Good Practices in Derivative Markets (F.C.) Introduction to business in human rights (F.C.) Ethical Investment in hedge funds: its philosophy, approach to investments and new strategies; 2. CASE STUDIES Soft Commodities: How to prevent market volatility to avoid hunger in third world countries; Ponzi scheme: Madoff s fraudulent investment operations (F.C.) How to avoid interbank interest rate fixing manipulation: the Libor scandal and its implications for financial markets (F.C.) Sovereign debt and policy maker decisions. Greek debt relief and moral hazard AIG Short Selling CDS, Credit Default Swap and their role in the subprime crisis Conflict of interests in structuring and marketing of CDO tied to subprime mortgages 3. READINGS Performance Attribution and Asset Allocation: do not dissociate investment policy from customer (F.C.) Selected reading about SRI Market Systemic effect of ETFs and how to prevent counterparty risk. Hedge Fund industry role in financial markets and new regulations Responsible investment and hedge funds: A discussion paper. UNEP Financial Initiative LECTURERS Lesley Sherrat Katia Velasco Rodrigo Manero Lauri Merlini Julius Sen Roberto Savina Alberto Moreno de Tejada José Mª Capapé 8

9 Course 3. Creating a Culture of Responsible Risk Management DESCRIPTION Identifying, assessing, managing and mitigating the Integrated Risks of a Financial Institution. The course is focused on analysing risk management as a fundamental part of the Internal Governance of Financial Institutions. The aim is to establish a risk culture based on a full understanding of the risks faced and how they are managed. Risk management involves every member of the organisation and members should correctly understand their responsibilities and their contributions for the solvency of their corporations OBJECTIVES Implementing sound and consistent risk culture throughout an institution Identifying bank s sources of credit risks Learning responsible lending Analysing operational risk as an integral part of strategic planning, business management and overall risk management processes. Market risk measurement and analysis methods to be used by responsible financial institution Accountability and transparency in strategic risk management Understanding liquidity risk, asset and liability management CONTENT 1. TOPICS Credit Risk analysis. Ethical issues in risk management (F.C.) Fair Scoring & Credit Rating Analysis: The role of rating agencies Reliable Market Risk Analysis (F.C.) Operational Risk (F.C.) Liquidity analysis, asset and liability management Integrated and strategic risk governance 2. CASE STUDIES Solvency analysis of financial institutions: European Stress Tests Rating agencies, ownership and conflicts of interest while structuring and valuating assets Var Risk Model failure during financial crisis: what went wrong? (F.C.) Wells Fargo s sound approach to Risk Management Responsible Lending (F.C.) 3. READINGS The ethics of Risk Management: a post-crisis perspective, 2011, John R. Boatright. (F.C.) Insurance 2020 turning change into opportunity, 2011, PWC Environmental and Due Diligence Risks LECTURERS Roberto Savina Soren Braes Miguel Ángel Otero 9

10 Course 4. Sound Corporate Governance and Regulation for Responsible Financial and Banking Institutions DESCRIPTION Adapting to new Banking Regulatory Framework and complying with Responsible Principles are the main objectives of this Course. It provides a full understanding of the ethics and corporate governance practices in banking institutions and also reviews the main regulation from a responsible approach. OBJECTIVES Understanding corporate governance and the meaning of ethics in banking Discussing the main aspects of new regulation: from Volcker & Vickers to MIFID and too big to fail Analysing the pillars of corporate governance and the role of internal control, compliance and audit areas Learning new trends in soft regulation, transparency and sustainable management CONTENT 1. TOPICS Introduction to ethics in financial institutions and understanding value creation, examining sources of risk in fast growing financial institutions (F.C.) Definition and objectives of Corporate Governance New Regulations and Banking Reforms: Crisis Management, Volcker s and Vickers, MIFID (F.C.) New trends in financial accounting standards Soft Regulation (UNEFP FI ) Internal control, compliance and audit (F.C.) Transparency and sustainable indicators 2. CASE STUDIES New requirements and changes of Basel III: Towards a new business model for financial institutions (F.C.) Accounting manipulation and fraud: Enron, Parmalat, WorldCom Whistle Blowing and Corporate Governance (F.C.) ING Direct: a growing success story Kaupthing: a risk perspective of managing growth and value creation Different experiences with Bad Banks (F.C.) 3. READINGS Corporate Governance in Europe: (MIFID I and II) Markets in Financial Instruments Directive and the banking directive 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 (F.C.) Best practices in control and compliance: the banking system in Canada Did good cajas extend bad loans? 2010, Luis Garicano and Vicente Cuñat, London School of Economics (F.C.) 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 LECTURERS Mathias Schmit Miguel Ángel Otero David Serrano Ian Roxan Alberto Moreno de Tejada 10

11 Course 5. Strategic Corporate Management for Responsible Institutions. CSR DESCRIPTION Leading financial institutions responsibly and creating sustainable competitive advantages by managing people and talent. This course aims to provide a deep understanding of CSR in banking as an integrated part of banks mission, value system and strategy. Professionalism is also studied in the course to help to understand the ethical role of individuals within financial organisations. OBJECTIVES Learning the new trends and change of business models in commercial banking Examining the Corporate Social Responsibly strategy in banking Discussing professionalism in banking Analysing responsible compensation and employee policies Clarifying the retail and corporate banking organisational models CONTENT 1. TOPICS New trends in commercial banking strategy Strategic Management, leadership and future trends in sustainable Banking Management (F.C.) Corporate Social Responsibility Strategy (F.C.) Responsible and Strategic compensation and key benefits Professionalism in Banking: competence and integrity. Standards of professional conduct (F.C.) An introduction to retail and Corporate Banking Organizational Models 2. CASE STUDIES Responses to the Financial Crisis: responsible answers of different Business Banking Models PART II (F.C.) Good practices in banking. Current examples of social banking: the case of retail and savings banks (F.C.) Banking workers resilience: The Goldman Sachs employee s resignation letter. Loyal or disloyal behaviour? Gordon Brown s introduction to specific bonus taxation 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 3. READINGS Banking in 2050, 2011, PWC (F.C.) Corporate Governance and access to finance: Kenya post office savings bank (Kposb), perspectives 62, March 2011,WSBI (F.C.) Benefits of banking for Emerging Markets Population How EU States have managed banking recapitalisation: who pays the bill? Islamic Banking and Finance, insight on possibilities for Europe, ESBG Perspectives N 60 Oct 2009 LECTURERS Javier Rivas Mark Hannan Mónica Heng Daniel Scanlan Alberto Moreno Mathias Schmit Ian Roxan 11

12 Module I1 Specialisation: Responsible Retail Banking Management DESCRIPTION It provides indepth knowledge of retail banking management from a responsible perspective. This course is designed to teach the best practices in the selling of financial products and services, marketing, pricing, communication and other activities aimed at gaining a competitive advantage. OBJECTIVES Learning the best practices in retail banking Discussing selling against advisory approach Clarifying innovation and client centricity Analysing corporate communication and branding positioning CONTENT 1. TOPICS Responsible Retail Banking Institutions (F.C.) Strategic selling and advisory responsible approach Integrity in marketing, brand positioning, competitive advantages, innovation and pricing policy Impact of Corporate Communication on bank s reputation TCR Communication (F.C.) Responsible Innovation in Banking: new technologies for customer-centric experiences Key issues in the financing and service of Small and Medium Sized companies. Financial literacy (F.C.) 2. CASE STUDIES Advisory vs. product commercialisation. Best practices in Private Banking Brand positioning of saving banks vs. banks and other financial intermediaries Preferred Shares: The misleading product distribution of Spanish banks (F.C.) The increasing importance of responsible corporate communication. A new way to manage corporate reputation Microfinance experiences (F.C.) Proximity banking: The case of community banks in the US; 3. READINGS Ethics in microfinance, 2011, Reinhard H. Schmidt. (F.C.) Mass Retail Banking: how saving banks in Africa,Asia, and Latin America can provide usable services for the poor, working paper,wsbi, 2012 (F.C.) Microfinance: FMBBVA (F.C.) Bank dependency during SME s international expansion ESBG-WSBI Perspectives N 61, Sept 2010 LECTURERS Kent Eriksson Mónica Heng 12

13 Module III Specialisation: Responsible Corporate Banking Management DESCRIPTION The course is focused on developing good understanding of Responsible Corporate Banking. Best practices, professional techniques, products and services in Corporate Banking are fully explained from an ethical perspective to enable bankers to serve their clients instead of just selling well. OBJECTIVES Understanding the foundations of Responsible Corporate Banking Analysing professionalism in Corporate Banking Learning techniques in Corporate and Structured Finance Discussing conflicts of interest in Corporate Banking CONTENT 1. TOPICS Foundations in Corporate Finance and best practices (F.C.) Professionalism in Corporate Banking (F.C.) Project Finance and Equator Principles (F.C.) Finance and Investment: Efficient and sound alternatives to banking finance Corporate finance and structured finance 2. CASE STUDIES Conflicts of interest in mergers and acquisitions: the disastrous merger of Sprint and Nextel (F.C.) Dot.com and Facebook recent public offerings. Did the underwriters act properly and transparently? (F.C.) Jérôme Kerviel and Société Générales: Rogue trader or absence of an ethical culture in derivatives management. Multilateral banking institutions role in project development: IMF s active role Current issues in insider trading: Galleon group hedge-fund founder Raj Rajaratnam s 3. READINGS Private Equity and Venture Capital. The Responsible Approach: what is behind private equity transactions? (F.C.) Capital Markets and Asset Securitisation LECTURERS Rafael Gómez Iturriaga Alberto Moreno de Tejada Mike Pinkney 13

14 Accreditation Responsible Banking Foundation Course accreditation for students taking a 3 weeks course. Responsible Banking Advanced Course for students taking a 6 weeks course. Having obtained any Responsible Banking Foundation Course students can opt the following year to complete the remaining elements of the modules of the Course, thus obtaining the Responsible Banking Advanced accreditation. All courses are accredited by the IEB (Instituto de Estudios Bursátiles) the WSBI (World Saving Banks Institute) and in association with the LSE (Londons School of Economics) Executive Education. Calendar, Timetable and Cost Foundation and Advanced Courses are taken during the same weeks. Foundation Courses will be imparted during 3 weeks of those dates while Advanced Courses will be imparted during the 6 weeks. DATES MODULE I: FOUNDATIONS IN RESPONSIBLE BANKING Course I: Foundations in Responsible Finance Dates: 24 th of March th of May 2014 Course 2: Integrity of Financial Markets and Products: The Responsible Approach Dates: 19 th of May th of June 2014 Course 3: Creating a Culture of Responsible Risk Management Dates: 7 th of July th of August 2014 Course 4: Sound Corporate Governance and Regulation for Responsible Financial and Banking Institutions Dates: 1 st of September th of October 2014 Course 5: Strategic Corporate Management for Responsible Institutions. CSR Dates: 3 rd of November th of December 2014 MODULE II: SPECIALISATION: RESPONSIBLE RETAIL BANKING MANAGEMENT Dates: 5 th of January th of February 2015) MODULE III: SPECIALISATION: RESPONSIBLE CORPORATE BANKING MANAGEMENT Dates: 16 th of February nd of March 2015) COST FOUNDATION COURSES: 900 Euros per course ADVANCED COURSES: Euros per course 14

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