金融風險管理培訓課程(PPT 59頁)

Chapter 2: Banks
Nature of Banking
Example of Simple Bank Balance Sheet: End 2012
Income Statement: 2012
Year 2013
What if Balance Sheet Had Been More Aggressive?
Regulation
Deposit Insurance
Investment Banking
Best Efforts vs. Firm Commitment
Initial Public Offering (IPO)
Dutch Auction IPO
Example: How are 1 million shares allocated in this situation?
Securities Trading
Potential Conflicts of Interest
The Risks Facing Banks
Chapter 3: Insurance Companies and Pension Plans
Types of Life Insurance
Cost of Whole Life Insurance Compared with Annual Premium
Investment of Surplus
Annuity Contracts (年金)
Extract from US Mortality Tables (2007): Male
Extract from US Mortality Tables (2007): Female
How Tables Are Used In Pricing Life Insurance
Longevity Derivatives
Property-Casualty Insurance
Example of Ratios for Property-Casualty Insurance
Other issues
Moral Hazard and Adverse Selection
Typical Summary Balance Sheet: Life Insurance
Typical Summary Balance Sheet: Property-Casualty Insurance
The Risks Facing Insurance Companies
Pension Plans
Defined Benefit Plans
Chapter 4: Mutual Funds and Hedge Funds
Mutual Funds
Open-End Funds
Types
Costs
Closed-End Funds
Exchange-Traded Funds (ETFs)
Performance of Mutual Funds
Jensen’s Results on the Persistence of Good Performance
Mutual Fund Scandals
Hedge Funds
Hedge Fund Fees
Constraint on Incentive Fees
Strategies
Hedge Fund Returns
Funds of Funds
The Size of the Funds of Funds
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