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Banking and the Credit Markets

Summer 2014 EMBA Course

B7422-002: Banking and the Credit Markets

EMBA Saturday Format Electives, Menu F - 05:00AM to 06:00AM

Instructor: R. Philip Giles


It would be an understatement to say that a professor who specializes
in debt markets and banking has found the previous five years to be
exciting. The upheaval in the US financialĀ  markets over these years has
included


Bursting of the housing bubble, the subprime meltdown and failure
of mortgage brokers, mortgage bankers and monoline insurance companies

Government takeover of government sponsored entities (GSEs)

Failure of some securities dealers with the conversion of others into a bankholding company structure

Collapse of the CDO and ABCP markets
Sharp deterioration in credit quality, frozen credit markets and a severe recession


A tripling of central bank assets due to quantitative easing (Fed, BoE, BoJ).
Meanwhile, European observers are thinking the unthinkable.
Is it feasible to have a unified central bank and single currency while maintaining independent fiscal policies?


Will the market for Euro-area sovereign debt survive?
What are the chances that the euro (and even the ECB) will avoid collapsing?
Although the banks will survive, they will face a more stringent regulatory environment.


This course offers a comprehensive insight into the evolving
banking industry and credit market instruments, examining functions,
origins, current status and likely future structure


Course content should benefit students with the following career
goals whether within or outside the US: Consulting, Financial Analysis,
Sales and Trading, Commercial and Investment Banking, Regulatory
Agencies, Hedge Funds and Private Equity.


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