What is a bank?
The interactive seminar covers in a minimum of just two working day what you need to know about a bank, its key functions and its economic environment.
Banking activities are divided into nine fields as per the first line above. In turn each field is developed into more focused related concepts. For instance “Legal” covers the legal environment in banking in general, whereas 3.4 compliance covers more specifically compliance issues, such as Know Your Customer /Anti-Money Laundering, insider trading, market manipulation. The structure allows for a zooming in on selected subjects in line with the needs of the participants. The structure equally allows for various levels of requirements. For instance the financial markets can be provided on a basic level, i.e. level 1 or a more advanced level, level 2.
In broad lines, the course provides an helicopter along the following lines:
1. The economic environment covers the basic principles of modern economics and the impact of economic cycles on banking
2. Marketing covers the marketing issues, especially the branding related topics as well as the on and off-balance sheet financial products. It is the largest module of the nine proposed
3. Legal covers the legal environment in which banks evolve with the key features of the banking law and the supervision of the financial sector as well as reporting requirements.
4. The financial markets module provides an overview of the five major financial markets as well as the most common instruments.
5. Operations covers what is commonly known as the back-office of a financial institution, mainly payments with the European TARGET payment system, collections and other technical services provided by the professionals of the financial services. Related control functions are equally reviewed.
6. Finance covers the assets and liabilities issues in banking as well as balance sheet and audit issues.
7. Banks are companies providing financial services, hence the module covers major managerial issues, common to corporations in general.
8. Risk management is the second largest module after marketing and reviews the major risks related to banking.
9. IT functions are of critical importance in all sectors and the banking sector is no exception. This module covers…..