BSAD 348

This course aims at providing students with general understanding of Canadian financial institutions like commercial banks, mutual funds, pension funds, insurance companies, brokerage firms, hedge funds, credit unions, savings institution and their importance for efficient working of the financial markets. The structure of each financial institution and regulations like capital adequacy and deposit insurance pertaining to each institution is explored. Major risks associated with financial institutions like interest rate risk, credit risk, off-balance sheet activities risk, liquidity risk, foreign exchange risk and other operational risks are also discussed. Emphasis is also placed on the management of these risks by different financial institutions. Credit will be granted for only one of BSAD 348 or BSAD 496 (2014-2015, 2015-2016).