Banking and Finance BSc (Hons)

Develop the skills and knowledge necessary to undertake independent research. In this module, you will be introduced to data analysis using econometrics, with an emphasis on principles and applications of the Classical Linear Regression Model and violations of its underlying assumptions. Using global economic and financial data, this module explores statistical techniques of descriptive analysis, estimation, hypothesis testing and modelling. Emphasis is placed on the understanding and interpretation of quantitative results for economic and financial decision-making.

You will formulate fitting research objectives and select appropriate methodologies to develop your competence in designing and evaluating successful qualitative and quantitative research projects. Through experimentation on diverse data sources, you should elevate your analytical and reflective abilities, preparing you for contemporary data-driven challenges.

Compulsory

This module will introduce you to relevant concepts in corporate and behavioural finance. Learn about the workings of the equity and bond markets, develop quantitative skills to price stocks and bonds, and study techniques to understand the trade-off between risk and return to an optimal effect. You would also develop a critical understanding of theories and empirics of asset pricing models and market efficiency hypothesis and gain an awareness of key financial decisions taken by firms.

This module aims to give you a theoretical and practical understanding of investor psychology and decision-making so you can critically evaluate how investment decisions are affected by cognitive errors, psychological biases and emotions.

This module covers the basics of financial theory and how they are applied in the real world. There will be structured opportunities to develop your quantitative and analytical skills in preparation for more advanced studies in finance.

Compulsory

This module aims to provide you with a theoretical framework which can be used to assess the rationale for financial regulation in general and the effectiveness of specific regulatory initiatives across the financial system.

Regulatory structures in the UK and other countries will be analysed, as will the varying ways in which regulation is conducted in practice across the whole financial system. You will also consider the regulatory issues that have been raised by the last financial crisis.

Understand the structure of the UK financial regulatory environment in comparison to other countries, appreciate the regulatory infrastructure of UK financial services, the key legislations in financial regulation, the mandates and functions of the key regulatory bodies and the role of ethics in professional practice.

Learn the meaning and importance of corporate governance, the main governance issues, and how to maintain sound and effective governance mechanisms.

Compulsory

Gain introductory knowledge of how banks operate to achieve financial intermediation. Starting with the core functions of banking, this module would help you understand the banks’ financial statements and financial management. Module content will cover the various types of risks faced by banks, and you will be introduced to the central banking system to understand how central banks play a pivotal role in the industry. The module will also introduce you to the regulation of banks in the UK.

Compulsory

This module² provides you with an opportunity to reflect upon and gain experience for an approved placement undertaken during your programme. A placement should usually be at least 26 weeks or equivalent; however, each placement will be considered on its own merits, having regard to the ability to achieve the learning outcomes.

Optional

This module² provides you with an opportunity to reflect upon and gain experience for an approved international study/work placement undertaken during your programme. A work/study placement should usually be at least 26 weeks or equivalent; however, each placement will be considered on its own merits, having regard to the ability to achieve the learning outcomes.

Optional

This module focuses on the bond and equity markets. You will be introduced to discounted cash flow-related bond pricing techniques along with bond portfolio management and the associated risk immunisation methodologies. Concerning equity valuation, you will compare discounted cash flow methods with fundamental valuation approaches, including value investing and growth investing. Market timing is also explored through the application of technical analysis. You should gain a thorough understanding of identifying, assessing and mitigating various business risks. Module content also covers operational, financial, reputational and credit risks, emphasising effective strategies and tools for risk management.

Compulsory

This module is your chance to apply the knowledge and insights learnt on the course. It aims to develop you into an independent and ethical researcher. You will conduct a research project related to your course to evidence your intellectual, technical and analytical skills. You will receive personalised support and guidance from a supervisor and benefit from critical discussions and cross-fertilisation in group supervision sessions.

Compulsory

Build on your knowledge of the principles of banking through in-depth, advanced analysis of current issues in banking. This module is designed to help you develop your understanding and analytical skills that could be useful in postgraduate study or roles in the banking industry. It also aims to provide you with an appreciation of current banking issues that should enhance your employability in the sector. Explore issues in three broad areas, namely the structure and performance of the banking sector and the implications of interventions in the market at the micro and macro levels. Topics covered in these areas could include ethical banking, fraud, AI in banking, sustainability and climate finance. However, the rapidly evolving nature of the sector means that the precise content of the module may vary to meet current trends.

Compulsory

Choose one from the following two:

Insurance and Pensions - 30 credits

Insurance plays two key functions over the life cycle of a consumer. It absorbs risks and protects consumers from losing their income because of death, disability, retirement or depletion of income. Yet, insurance is not widely understood, resulting in the over-insurance of small risks (for example, contents) and underinsurance of big risks (for example, premature death and disability).

This module examines the use of insurance products to hedge against these three risks in life: premature death and disability, inadequate income in retirement and longevity risk. It focuses on how life insurance products (such as life insurance, critical illness, income protection) can be used to hedge against premature death and disability, pension plans to ensure adequate income in retirement and annuities to hedge against longevity risk. This module also examines why personal risk management is the foundation of financial planning, and why individuals need to have a greater understanding of insurance and pensions, because of changing welfare and occupational pension provision.

Risk Management in Banking – 30 credits

Develop an understanding of the key risks faced by banks and what actions they can take to mitigate these risks. You will explore the spectrum of risks, including liquidity, credit, market risk and operational risk at the enterprise (balance sheet) level and at the whole financial sector (systemic) level. This module aims to reflect the emergence and increasing recognition of systemic risk management as a risk discipline.

Optional