Master

Credit Points: 10 LP
Examination: project
Language: English
Semester: Winter semester

The module provides an overview of the fundamentals of financial market regulation. To this end, reasons for state interventions in the financial sector, instruments used in these interventions, and their advantages as well as disadvantages are presented. Moreover, students deal with selected regulatory authorities and proposals to reform financial market regulation.

Credit Pointrs: 10 LP
Examination: project
Language: German
Semester: Summer semester

In this module, current questions from both research and practical application in the areas of financial markets, investment management, and insurance business are discussed. The Chair of Sustainable Finance is responsible for the part dealing with financial markets. The part about investment management is offered by the Institute for Finance, Accounting, Controlling, and Taxation. The part about insurance business is offered by the Chair of Insurance Economics. After the successful completion of the module, students know about the most important current issues in finance and are able to name the challenges companies face in practice. Moreover, students can analyze and solve current questions from both research and practical application in finance independently with scientific methods. Additionally, they are able to present their results.

Credit Points: 10 LP
Examination: Exam
Language: English
Semester: Summer semester

This lecture focuses on different methods and models from risk management and asset pricing against the background of a fast and efficient numerical calculation. In the course of the lecture, a special focus lies on different algorithms to price options (and other derivatives). All algorithms are illustrated using applications from risk management in banks, insurance companies, and energy companies. They are implemented in MATLAB.

Credit Pointrs: 5 LP
Examination: Exam
Language: German
Semester: Winter semester

In this module, students’ knowledge of the risk type “operational risk” is deepened by considering significant events of damage and threat potentials in the financial sector. Contents of the module are the role of operational risk in supervisory law, the regulation of banks’ equity capital (current regulations according to Basel II and new regulations according to Basel III), the requirements of managing operational risk and capital adequacy within banks, further possibilities of managing operational risk (e.g. stress testing and plans for emergencies/restructuring), and the special features of regulating operational risk in non-banks.

Credit Points: 5 LP
Examination: Exam
Language: English
Semester: Summer semester

After actively participating in this module, students are able to explain both the legislative and the institutional characteristics of EU and US bank law and financial law and state key differences between both systems. Students are able to describe the most important features of European law. These include equity capital requirements, bank supervision, primary and secondary financial markets, financial instruments (focusing on derivatives), and market infrastructure. Moreover, students can explain the lawmaking process of financial regulations as well as new pan-European supervision systems. Furthermore students are able to reflect on the reforms of the US financial system and the German supervisory system following the financial crisis. As a consequence, students can derive the key differences between both systems.

Credit Points: 5 LP
Examination: Multiple Choice
Language: English
Semester: Summerterm

After active participation in the module Sustainable Finance, students will be able to describe the characteristics of sustainable investments and to classify them in the landscape of complete capital markets. Furthermore, students will be able to independently identify the particular current opportunities and risks of using sustainable financial products and determine the resulting risk-return profiles for investors. Students are able to critically analyze current regulatory and political challenges in the context of sustainable financial services, and to reflect on and directly apply approaches to solutions in new issues using scientific methods.

Credit Points: 5 LP
Examination: Exam
Language: English
Semester: Summer semester

In this module, students learn to independently structure and analyse large, unstructured data sets from the financial sector. The students learn to handle common programming languages and programme packages (Python, TensorFlow, R, etc.) and to independently master the tasks set in the course. The aim is to independently evaluate and solve real-life problems in finance arising from large amounts of data in the area of risk management, asset allocation or derivatives valuation using modern machine and deep learning tools.

Credit Points: 5 LP
Examination: project
Language: English
Semester: Winter semester

Within the scope of the module, methods of quantitative risk management are deepened. The students learn to independently analyse real financial market data sets and to examine investments compiled from these with regard to their risk profile. The students are introduced to the most important tools of multivariate statistics and time series analysis and learn to apply them using statistical software. After completing the module, the students will be able to autonomously evaluate and solve real problems of financial risk management.