Risk Governance and Regulation in Finance (FIN366)

FIN366 Risk Governance and Regulation in Finance introduces students to the key concepts, tools, and regulatory frameworks involved in managing financial risk within institutions such as banks, insurance companies, and asset managers. It covers major risk types and provides practical techniques for measurement and control. Students will explore the role of regulatory standards, such as Basel III/IV, as well as emerging areas like cyber-crime, climate change, and reputational risks. Through case studies and real-world examples, the course highlights how effective risk management supports financial stability and how failures can lead to systemic crises. By the end of the course, students will be equipped to assess risk exposures and recommend appropriate mitigation strategies, preparing them for roles in risk management, compliance, and financial supervision.

• Financial services industry and evolving risk
• Regulatory and compliance framework
• Market risks
• Operational risks
• Asset liability management
• Liquidity management
• Central banks and regulators
• Risk measures and models
• Risk mitigation
• Risk management principles
• Corporate risk governance
• Major financial failures – Global Financial Crisis and key lessons for financial services

• Debate and discuss major failures in financial history and the evolution of risk management frameworks.
• Apply risk management principles and frameworks for the financial services industry.
• Analyse and assess different types of risks.
• Discuss and comment on risk transformation in an increasingly digital economy.
• Compute with risk measures and models.
• Implement a risk mitigation plan.