ABOUT THE COURSE
This workshop takes an inside look at commercial banking today. Which banks can make money, and how can they do so? Starting with the basic economics of the characteristics of banks that make them special and subject to specific regulations such as capital requirements, the instructor explores the past and future competitive pressures that are driving the transformation, consolidation and even collapse of many banks at home and abroad. These pressures include the incursion of investment banks into commercial banks' domain, and vice-versa; the ability of banks' corporate clients to raise multicurrency, multimarket debt; the unbundling of and pricing of credit risk; and the increasing importance of leveraged lending and quasi-equity financing in M&A activities. We pay special emphasis on understanding the financial logic and pricing of commercial banking transactions, including risky lending and the arrangement of syndicated loans.
COURSE CONTENT: