FIN 365 "Risk Management and Financial Institutions" (Fall Semester 2017)


The syllabus can be downloaded Initiates file downloadhere.


Opens internal link in current windowDr. Maximilian Wimmer

Date and Location

Weekly on Monday, 5.15-6.45pm, lecture hall O 148.

The first class is on September 04, 2017.

Course language: English

Course description

This course deals with the ways in which risks are quantified and managed by financial institutions. Among the topics covered are the nature of financial institutions and their regulation, market risk, credit risk (briefly), and operational risk.


The course is offered for Bachelor exchange students. Students are assumed to have an undergraduate level knowledge of finance (for instance by having taken an introductory course in investments or asset pricing). Some basic statistical and/or econometric skills are helpful. A sufficient level of spoken and written English language skills is necessary.

Required reading

The textbook for the course is John C. Hull, "Risk Management and Financial Institutions," forth edition, 2015. The online edition is available via the library here.


There is no registration required via the Portal2 system

Course material

All material for the course will be available at Opens external link in new windowIlias.

Tentative Schedule

No. Date Topics (Book Chapter)
1 September 04, 2017 Introduction (1), Banks (2)
2 September 11, 2017 Mutual Funds and Hedge Funds (4), Trading in Financial Markets (5)
3 September 18, 2017 How Traders Manage Their Risks (8)
4 September 25 , 2017 Volatility (10), Correlations (and Copulas) (11)
5 October 09, 2017 Exercise session
6 October 16, 2017 Value at Risk and Expected Shortfall (12)
7 October 23, 2017 Model-Building Approach (14), Basel I (15),
8 November 13, 2017 Exercise session
9 November 20, 2017 Basel II, and Sol. II (15), Basel II.2, Basel III, and Other Post-Crisis Changes (16), FRTB (17)
10 November 27, 2017 Operational Risk (23)
11 December 04, 2017 Exercise session, Q&A