BANKING AND FINANCE

Single discipline educational activity

Course Sheet

Course code:

BF16

Academic Year of enrolment:

2021

Year of supply:

2021/2022

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in MANAGEMENT AND ECONOMICS

Disciplinary Sector:

Economics of Financial Intermediaries

Language:

Italian

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

BIRINDELLI GIULIANA

Cycle:

Third four months

Hours of classroom activity:

Individual study hours:

114

Prerequisites:

Preparatory courses are not required. However, knowledge of the basic concepts of financial markets and institutions is recommended.

Objectives

The course focuses on how banks can build long-term relationships with large firms, by providing strong advisory expertise and M&A, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions. The course aims at supplying advanced knowledge in the management of the bank-firm relationship, and skills in order to operate in the core areas of financial institutions.
Expected Learning Outcomes:
At the end of the course students will be able to know the financial issues of companies and the solutions offered by banks and to acquire specialized skills necessary to operate within banks and in the financial areas of the companies. In order to contribute to the training of professional figures envisaged in the core management, students will be able to hold positions that require knowledge of the tools that can meet the financial needs of companies. Students will also be able to address the financial decisions in contexts characterized by an increasingly rapid regulatory evolution.

The objectives of the course aim at transmitting to students the knowledge/skills necessary:
-to recognise the peculiarities of the management of any type of financial institution offering corporate and investment services;
- to select financial instruments/products according to the needs of financing/risk hedging;
- to recognise the accounting items linked to the customer relationship in the bank balance sheet;
- to address firms’ financial decisions.

To this end, the course aims at transmitting the following skills and knowledge in terms of particular objectives:
KNOWLEDGE AND UNDERSTANDING ABILITY
- to distinguish the different nature, activity and functioning of the intermediaries that offer C&I services;
- to distinguish the different purpose of C&I services.
APPLIED KNOWLEDGE AND UNDERSTANDING ABILITY
- to apply the learned knowledge to real cases and to identify the most appropriate solutions to concrete problems concerning the C&I services.
AUTONOMY OF JUDGMENT
- to identify the most suitable C&I services for companies;
- to have capability to analyze business cases.

COMMUNICATION SKILLS
- to express, with appropriate technical language, analytical and synthetic considerations on the fundamental aspects of the course also through interdisciplinary links.

ABILITY TO LEARN
- to carry out individual and group research on specific aspects of the course;
- to compare acquired skills with the most recent trends.

Contents

The course focuses on how banks can build long-term relationships with large firms, by providing financial services and products with high consultancy value. A summary of the contents is the following:
• Corporate and investment banking: definition and business areas;
• Investment banking during the crisis;
• Strategic Mergers and Acquisitions advice;
• Corporate Restructuring;
• Debt capital markets: restructuring debt, refinancing debt and raising new debt;
• Pool financing;
• Equity capital markets: advising clients on how much capital to raise, from where and when;
• Focus on initial public offerings (IPOs), private equity funds and venture capital funds;
• Mezzanine financing;
• Developments in lending policies;
• Securitisation.

Extended Syllabus

• Corporate and investment banking: definition and business areas;
• Investment banking during the crisis;
• Strategic Mergers and Acquisitions advice;
• Corporate Restructuring;
• Debt capital markets: restructuring debt, refinancing debt and raising new debt;
• Pool financing;
• Equity capital markets: advising clients on how much capital to raise, from where and when;
• Focus on initial public offerings (IPOs), private equity funds and venture capital funds;
• Mezzanine financing;
• Developments in lending policies;
• Securitisation.

Recommended Bibliography

G. Forestieri (2020), Corporate & Investment Banking, Egea, Milano (capp. 1, 2, 3, 5, 6, 7, 8, 9, 10, 12, 14, 15, 17).

Reference book: Joshua Rosenbaum, Joshua Pearl (2013), Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, Wiley.

Methods of Provision

Conventional

Teaching Methods

Lessons will be carried out on the basis of the following teaching methods:
- Frontal lectures
- Newspaper reading
- Case studies
- Seminars held by bank operators
The attendance is highly recommended.

Evaluation methods

Verification of learning:

The evaluation of the level of student learning will be carried out by an oral exam (vote in thirtieths). It aims at evaluating on one hand the communicative skills, the technical language and the expository clarity, on the other the knowledge and competences covered by the formative objectives to be assessed.
At the request of the students, one written exam can be carried out at the end of the course according to “L’Ascolto” model. In this case, the exam will consist of 30 questions (multiple choice), including some exercises, aimed at verifying the understanding of the theoretical and application topics covered in the course. If the test will be passed (with a score of at least 18/30), students can also take the oral exam to improve her/his grade.

Finally, at the request of students, it will be possible to organize working groups that, at the end of the course, will present a case study drawn from the banking/financial landscape. Following the assessment of the ability to learn, a maximum score of 2/30 can be assigned.

Contacts/More Information

All the students can consult the teaching material on the e-learning platform.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree