LFU:online

Institut für Banken und Finanzen Institut für Banken und Finanzen

Dr. Michael Munsch Dr. Michael Munsch

434416

SE Management von Preis-, Zins- und Währungsrisiken

SE 2

5

Block

jährlich

Englisch

The crisis in the financial markets beginning 2007 has made obvious the importance of credit information, rating and regulation. The seminar will give understanding of the importance of credit information and credit markets for corporate finance and banking. Credit information is an important input factor for external ratings and rating systems of banks.

The seminar will provide inside information and discuss the credit information framework and different rating concepts of the rating industry. Seminar participants will get an understanding of quantitative rating systems and external ratings. Regulation of rating agencies was put into force in 2010. The seminar will discuss relevant parts of the actual development.

Interaktive Erarbeitung der wesentlichen Inhalte

Written seminar paper, Oral presentation

Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies, http://ec.europa.eu/internal_market/securities/agencies IOSCO Code of Conduct Fundamentals for Credit Rating Agencies, www.iosco.org Stolper, Anno: Regulation of Credit Rating Agencies, JoBF 2009, S. 1266 ff. Caouette et al (2008) "Managing Credit Risk", Wiley

Anmeldungsvoraussetzungen für die Lehrveranstaltungen des Moduls: positive Beurteilung der Pflichtmodule gemäß § 7 Abs. 2 Z 3 und 4 Management von Banken und Finanzinstitutionen sowie Unternehmensfinanzierung und Risikomanagement
Beginn: 24.10.2011