OVERVIEW

The course analyses the economics of banks and the main drivers of change in the banking sector (globalisation, privatisation, changes in regulation, technology, changes in customer behaviors) and their impacts both on competition and market structure  and on bank's financial performance. After, the possibile responses to the competitive pressures are examined: strategic planning process, governance, business model, corporate and competitive strategy, organisational models, marketing policies, performance measurement and evaluation systems, internal control systems. A specific focus is given to risk management and capital management.

AIMS AND CONTENT

LEARNING OUTCOMES

The course analyses the main drivers of change in the banking sector (globalisation, regulation, technology, changing in customers’ behaviour, ESG) and their impacts both on competition and market’s structure and on banks’ economic equilibria. After, the possible responses to the competitive pressures are examined: strategic planning processes, business models (value based opposite to stakeholder oriented), corporate and competitive strategies, organisational models, marketing policies, performance measurement and evaluation systems, capital allocation systems, risk management systems, internal control systems

AIMS AND LEARNING OUTCOMES

The course aims at giving the students theoretical and practical knowledge about managerial and governance functions in banking. The studenst wil learn the framework to interpretate environmental trends, their impact on bank performance, the most appropriate strategic and organisational reactions. By analyzing case studies, students will also improve their problem solving capabilities.

PREREQUISITES

Basic knowledge about economics and management of enterprises

TEACHING METHODS

Lessons by the teacher and by practitioners, case studies, reading of the textbooks.

Students who have valid certification of physical or learning disabilities  and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Serena Scotto (scotto@economia.unige.it), the Department’s disability liaison

SYLLABUS/CONTENT

FOR ATTENDING STUDENTS

PART I: Economics of banking

- regulation

- monetary function

- lending activity: credit risk evaluation, credit risk management and internal rating systems

- other activites: provision; securitises trading, investment and services; asset and liability management

- business areas and products

- risks

PART II: Changes, Challenges and Strategies

- Megatrend and drivers of change: globalisation, regulation, privatisation, technology, changing in customers’ behaviour, ESG
- Their impacts on: i) competition and market’s structure; ii) financial performance
- The strategic planning process: elements, phases, actors, content, evolution
- A framework for strategy formulation: corporate, competitive and functional strategies
- Business models in banking: importance, taxonomy, innovation
- Shareholder management (value based management) versus stakeholder management (ESG)
- Analysis of case studies

- Marketing policies and new frontiers in customer management (customer journey, big data and analytics)
- Performance measurement and evaluation systems
- Risk management and capital management systems
- Internal control systems

FOR NON ATTENDING STUDENTS

The program is the entire content of the textbook (Resti-Sironi)

RECOMMENDED READING/BIBLIOGRAPHY

A.Resti-A.Sironi, Risk management and shareholders’ value in banking, Wiley, 2007, Part V and VI

TEACHERS AND EXAM BOARD

Exam Board

MARCO DI ANTONIO (President)

FRANCESCA QUERCI

LESSONS

LESSONS START

The course is placed in the second semester; it starts in february 2025 and ends in may 2025

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

Written examination; in english

ASSESSMENT METHODS

Written examination, in english.

Students who have valid certification of disability or Specific Learning Desorders (DSA) on file with the University may request the use of compensatory measures during the exams (e.g. additional time, concept maps, modifications in the written/oral mode), following the guidelines (p. 5) published. In any case, for further information, please contact the Department’s disability liaison: Isa.Fanlo@unige.it

Exam schedule