The Executive Master in Responsible Banking objective is to increase Responsible Banking worldwide. We aim to improve professional practices and optimize their work in complex banking organizations, in a responsible, sustainable manner and with a more customer centric approach.We offer the possibility of completing the Executive Master in Responsible Banking throughout the Advanced Courses separetely.
The Executive Master in Responsible Banking contains 7 courses; 5 courses for Module 1, 1 course for Module II and 1 course for Module III as seen in the diagram. Each course lasts 6 weeks and costs 1.800 Euros. On completion of each course, students obtain an Advanced Certificate in that Responsible Banking Course.
Understanding the Responsible Financial and Banking Environment and the main Technical Financial Tools. This course is designed to learn the responsible banking concepts, principles and framework. At the same time fundamental economic and finance issues are explained to strengthen participant skills on banking and financial activities.
• 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
• Analyzing 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
• Learn best practices in financial analysis
• Examining and discuss the important of behavioral finance for financial institutions and its implication for responsible banking
1. Financial Institution roles and responsibilities: Key points for Responsible Banking
2. Macroeconomics theories and Banks contribution to Financial Stability
3. The ethical rationality of Financial Mathematics
4. Statistics applied to Responsible Finance
5. Responsible and Transparent Analysis of financial statements
6. Behavioral Finance: The importance of psychology in the economic crisis
B) CASE STUDIES
1. Consequences of Government unwillingness to back Foreigner’s Deposits: The Ice Save case
2. “The Latvian Lesson. How its Banking Industry was reshaped “
3. Responses to the Financial Crisis: responsible answers of different Business Banking Models. PART I
1. Moral hazard: “Too Big to Fail”, how to manage Systemic Banks
2. Study of the German savings Bank Model
Analysis of the role, behavior and responsible development of Financial Markets and Products. The course aims to explain how transparent and efficient functioning of financial markets can contribute to the 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.
• Understanding SRI and its new developments
• Analyzing 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.
• Analyzing 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 learn 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.
• Analyzing Hedge Fund strategies and their integration within SRI framework
• Explaining sustainable development of Currency and Forex Markets
1. Sustainable and Responsible Investment
2. The role and functioning of Fixed Income Markets
3. Sustainable development of Currency and Forex Markets
4. Good Practices in Derivative Markets
5. Introduction to business in human rights
6. Ethical Investment in Hedge Funds: its philosophy, approach to investments and new strategies
B) 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
6. Conflict of interest in Structuring and Marketing of CDO Tied to Subprime Mortgages
1. Performance Attribution and Asset Allocation: do not dissociate investment policy from customer.
2. Selected reading about SRI Market
3. Systemic effect of ETFs and how to prevent Counterparty Risk.
4. Hedge Fund industry role in Financial Markets and New Regulations.
5. Responsible investment and hedge funds: A discussion paper. UNEP Financial Initiative
Identifying, assessing, managing and mitigating the Integrated Risks of a Financial Institution. The course is focused on analyzing 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 it faces and how they are managed. Risk management involves every member of the organization and members should correctly understand their responsibilities and their contributions for the solvency of their corporations.
• Implementing sound and consistent risk culture throughout an institution
• Identify bank´s sources of credit risks
• Learning responsible lending
• Analyzing operational risk as an integral part of the 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
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
B) 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
5. Responsible Lending
1. The ethics of Risk Management: a post-crisis perspective, 2011, John R. Boatright.
2. Insurance 2020 turning change into opportunity, 2011, PWC
3. Environmental and Due Diligence Risks
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 it reviews the main regulation, from a responsible approach.
• 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
• Analyzing the pillars of corporate governance and the role of internal control, compliance and audit áreas
• Learning new trends in soft regulation, transparency and sustainability management
1. Introduction to ethics in financial institutions and understanding value creation and examining sources of risks in fast growing 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. Soft Regulation (UNEFP FI…) Internal control, compliance and audit
6. Transparency and sustainable indicators
B) 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. Whistle Blowing and Corporate Governance
4. ING Direct: a growing success story
5. Kaupthing: a risk perspective of managing growth and value creation
6. Different experiences with Bad Banks
1. Corporate Governance in Europe: (MIFID I and II) 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 Garicano and 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
Leading financial institutions responsibly and creating sustainable competitive advantages by managing people and talent. This course aims to provide with 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 organizations.
• Learning the new trends and change of business models in commercial banking
• Examining the Corporate Social Responsibly strategy in banking
• Discussing the professionalism in banking
• Analyzing the responsible compensation and employees policies
• Clarifying the retail and corporate banking organizational models
1. New trends in commercial banking strategy
2. Strategic Management, leadership and future trends in sustainable 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
B) CASE STUDIES
1. Responses to the Financial Crisis: responsible answers of different Business Banking Models PART II
2. Good practices in banking. Current examples of social banking: the case of retail and savings Banks
3. Banking workers resilience: The Goldman Sachs employee’s resignation letter. Loyal or disloyal behavior?
4. Gordon Brown’s introduction to specific bonus taxation
5. “Measuring the social dividend in saving banks: the case of Banco Caja Social BCSC (Colombia)
6. Hatton National Bank (Sri Lanka)”, perspective 57, February 2007, WSBI.
1. “Banking in 2050”, 2011, PWC
2. “Corporate Governance and access to finance: Kenya post office savings bank (Kposb)”, perspectives 62, March 2011,WSBI
3.Benefits of banking for Emerging Markets Population
4. How EU States have managed banking recapitalisation: who pays the bill?
5. “Islamic Banking and Finance, insight on possibilities for Europe, ESBG Perspectives N° 60 Oct 2009”
It provides depth knowledge of the retail banking management from a responsible perspective. This course is designed to learn the good practices in selling of financial products and services, marketing, pricing, communication and other activities aimed at gaining a competitive advantage.
• Learning the best practices in retail banking
• Discussing selling against advisory approach
• Clarifying innovation and client centricity
• Analyzing corporate communication and branding positioning
1. Responsible Retail Banking Institutions
2. Strategic selling and advisory responsible approach
3. Integrity in marketing, brand positioning, competitive advantages, innovation and pricing policy
4. Impact of Corporate Communication on banks´ reputation TCR Communication
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. Financial literacy
B) 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
1. Ethics in microfinance, 2011, Reinhard H. Schmidt.
2. “Mass Retail Banking: how saving banks in Africa,Asia, and Latin America can provide usable services for the poor”, working paper,WSBI, 2012
3. Microfinance: FMBBVA
4. “Bank dependency during SME’s international expansion” ESBG-WSBI Perspectives N°61, Sept 2010
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 well their clients instead of just selling well.
• Understand the foundations of Responsible Corporate Banking
• Analyze professionalism in Corporate Banking
• Learn techniques in Corporate and Structured Finance
• Discuss conflicts of interest in Corporate Banking
1. Foundations in Corporate Finance and best practices
2. Professionalism in Corporate Banking
3. Project Finance and Equator Principles
4. Finance and Investment: Efficient and sound alternatives to banking finance
5. Corporate Finance and Structured Finance
B) CASE STUDIES
1. Conflicts of interest in Mergers and Acquisitions: the disastrous merger of Sprint and Nextel
2. Dot.com and Facebook recent public offerings. Did the underwriters act properly and transparently?
3. Jérôme Kerviel and Société Générales: Rogue trader or absent of an ethical culture in derivates management.
4. Multilateral banking institutions’ role in project development: IMF´s active role
5. Current issues in insider trading: Galleon group hedge-fund founder Raj Rajaratnam´s sentence
1. Private Equity and Venture Capital. The Responsible Approach: what´s behind private equity transactions?
2. Capital Markets and Asset Securitization