Course Topics
The course is split into two parts. Part 1: Strategy and Risk Management Practices of new intermediary models - New Financial Intermediation and Emerging Risk Management - Financial intermediation and Technology: from traditional business model to digital banking, FinTech, Open Banking - Shadow banking - Sustainable banking Part 2: Accounting practices in the new era of banking: - Starting from financial statements - Intangible assets and customer value - Financial instruments: recognition and measurement - Regulation, supervision, enforcement: the interplay between accounting and prudential regulations.

Teaching format
Background lectures which include both academic material and real-world examples. Presentations and interactive discussions are the main teaching methods used in this course. Students are expected to participate actively in class.

Educational objectives
ILO (Intended Learning Outcomes) ILO 1 – Knowledge and Understanding ILO 1.1 Understanding of issues and techniques related to the organisation and financial management of companies and financial intermediaries. ILO 2 – Applying Knowledge and Understanding ILO 2.1 Ability to design coherent financial management strategies in companies or financial intermediaries, applying acquired knowledge in risk management techniques, asset valuation, and derivative handling ILO 3 – Making Judgements ILO 3.1 Ability to apply acquired knowledge to make managerial and operational decisions and to solve problems related to administration and finance in companies, intermediaries, and financial markets, while jointly considering multiple analytical perspectives, from economic to legal, financial, strategic, and managerial ILO 4 – Communication Skills ILO 4 Ability to communicate effectively, both orally and in writing, the specialised content of individual disciplines, using different registers depending on the audience and the communicative and educational purposes, and to assess the educational impact of such communication ILO 5 – Learning Skills ILO 5.1 Ability to develop general models based on the phenomena studied

Assessment
The course grade is based on written (final and or/mid-term) exams with short questions on two levels. One designed to check knowledge and understanding in terms of indicated objectives. The other designed to verify the capacity for applying this knowledge and this understanding in reasoning (ILOs 1, 2, 3, 4, 5).

Evaluation criteria
The final exam is based 50% on Part 1 and 50% on Part 2. Students have the possibility to sit a voluntary mid-term exam that can account for Part 1 of the final exam. All marks will be awarded based on the correctness of calculations and/or how well the argumentation links to the course concepts.