for MSc Finance
This module looks at financial regulation codes and legislation across the globe. You will critically analyse a range of rules, legislation issues and supervisory approaches with respect to risk, performance and strategic decisions related to the banking and financial industry. The module will develop your capacity to work in a regulatory or supervisory authority, as well as to understand how the regulatory framework may impact on the different segments of the financial system.
The nature of banking has been transformed in recent years by globalisation, financial innovation and changes in the regulatory environment. The global banking crisis has led to ongoing effort to develop more effective approaches to managing risk. This module explores the constraints and opportunities that banks face in a climate of intense global competition. You will learn to critically analyse the risks involved in banking and how to apply the main methodologies and techniques to measure, monitor and manage those risks.
This module will develop your understanding of corporate finance theory and practice. You will explore the interrelationship between investment decisions, financing and corporate value and build a solid understanding of financial, interest rate, cash flow, valuation and structuring techniques. The module will give you the underpinning knowledge you need for studying other modules in banking regulation, monetary policy and investment analysis.
You will make a critical examination of reporting and accounting policies and their effect on the numbers in financial statements, as well as learning to analyse financial statements from an investment perspective and the use of financial statements, particularly for valuation. You will see accounting ‘come to life’ as you apply what you learn to valuation issues.
In order to complete quantitative data analysis in the area of finance, you will cover a selection of the following topics in this module: multivariate regression; maximum likelihood and methods of moments estimation; hypothesis testing; omitted variables and misspecification; asymptotic theory; measurement error and instrumental variables; time-series modelling; event study analysis; econometric tests of the CAPM and multifactor models; volatility modelling. You will also be introduced to using mixed methods research that combines the collection and analysis of quantitative and qualitative data, once the quantitative and qualitative approaches are complete.
This module is designed to develop your understanding of the theory and practice of fixed income markets, instruments and derivatives. This course provides you with knowledge of derivatives with special reference on fixed income assets, such as fixed income securities and related products. The fundamental principles of credit derivatives products such as the credit default swaps, total return swaps and asset swaps will be covered extensively along with credit index products. Special focus will be given on innovative assets such as structured product and alternative assets such as catastrophe bonds. Last, the module will examine the trading mechanisms that govern the cash and derivatives buy and sell positions.
This module will develop your understanding of investment theory and practice. It offers a framework of consistent fundamental principles that will enable you to confront challenges throughout your professional working life. You will explore financial concepts and learn the techniques used in investment analysis and how they can be applied in real world situations.
This module will develop your understanding of monetary policy theory and practice. It covers the interrelationship between monetary policy decisions, interest rates and investment decisions, and highlights how the banking business and interest rates are affected by monetary policy forces. You will gain an insight into the techniques used in monetary policy and how they can be applied in real world situations, exploring the experience of a range of economies in conducting monetary policy.
This module will give you an understanding of research through applying quantitative and qualitative data analysis. Quantitative data analysis includes statistical and econometric methods. Qualitative data analysis includes interview, survey and case study analysis. You will apply what you learn in your dissertation work and in the research-influenced environments you are likely to encounter in your future career.
The module is positioned to provide you with practical exposure to the art and science of trading. Emphasis will be on giving you a comprehensive look at traders, trading and the behavior of markets. You will be asked to develop a trading strategy, implement this trading strategy and finally to sell this trading strategy to the right client. The virtual trading exercise will last one month. At the end of the trading simulation exercise, you will gain real-life trading experience that can be presented to potential employers in trading and asset management.
This module is designed to develop your understanding of the theories and practices of wealth management and structured products. This module provides you with framework knowledge of investment process and asset management in private banking. The fundamental principles of investment products such as structured products, capital protection, hedge funds, funds of funds and real estate will be covered extensively along with the new fintech products. This module equips you with skill sets required to understand high net worth clients’ needs, their preferences and perceptions of risk and returns connects and offering tailored and applicable solutions in line with tax and regulatory requirements.
You will undertake an independent piece of research, focusing on the selection and analysis of a topic, design of the research, its execution and presentation in written form. It is the most important element of the MSc programme, demonstrating your technical mastery in your field of specialisation and ability to undertake independent scholarly work in today’s research-influenced global environments.