Course description
The course discusses the notion of risk and its use in finance. The students will learn the difference between risk and uncertainty, and will master the main methods of risk estimation. The students will understand the sources of such risk types as market risk, credit risk, and operational risk, and will learn main ways to manage these risks. The students will study main principles of modern financial regulation and will understand why Central banks of almost all countries became recently megaregulators responsible not only for the banking system, but also for insurance and — wider — financial markets. The students will also discuss main principles of financial supervision systems in relation to banking and insurance segments of financial system.