You have a unique opportunity to choose a validated option for this course and receive a Post Graduate Certificate on completion. This programme is quality assured by Middlesex University and you will receive a Middlesex award on successful completion. However, if the validated option isn’t important to you there is still the opportunity to take the standard course.
*Subject to validation
Start Date: 19 June 2019
Duration: 16 weeks, delivered by Distance Learning
Course Faculty: Clive Corcoran
Certification: Post Graduate Certification (optional)
Accredited by Middlesex University
The course takes place over 16 weeks and comprises eight core units. The units will be released every two weeks from the start of the course. You can download the units or study completely online.
At the end of each unit there is an assessment that will allow you to benchmark your growth in knowledge and understanding. For those wishing to receive a Post Graduate Certificate from Middlesex University, an additional marked assignment of 5000 words will also need to be submitted. The assignment will be based on an on-going case study that runs throughout the duration of the course.
Unit one covers: Functions and business models of financial institutions; An overview of global capital markets; Macro-economic drivers of financial markets.
With case study analysis on: Global imbalances, deficit economies of the West and the surplus economies of Asia; Savings glut and distortion to global interest rates
Unit two covers: Equities as an asset class; Sovereign & government bonds; Corporate debt instruments; Issuance of fixed income securities; Fixed income markets and trade execution; Structured products and Exchange Traded Funds (ETFs)
With case study analysis on: The UK gilt market, types of gilts, index linked gilts; Maturity structure of UK vs. US government debt; nature and trading of STRIPS
Unit three covers: Monetary policy of central banks; Interpreting credit market data; Introduction to derivative instruments.
With case study analysis: The role of ECB and Eurozone as a special case – EMU currency union, AQR, SSM, EBA; Changes in derivatives market structure resulting from Dodd Frank, Basel III and EMIR regulations regarding OTC and Exchange traded derivatives and contrast collateralisation of bilateral (OTC) derivatives
trades and CCP trades
Unit four covers: Key features of options; Overview of interest rate swaps: pricing, risks and valuation; Overview of Credit Default Swaps (CDS)
With case study analysis on: Dynamic delta hedging; AIG financial products debacle with credit default swaps; Wrong Way Risk (WWR)
Unit five covers: Overview of the foreign exchange market; FX forwards, options and swaps; Exchange Traded Futures (ETFs): Features and risks
With case study analysis on: EUR/USD cross currency basis swap and the widening of a negative basis during periods of financial stress; Illiquidity episodes in futures markets – Flash Crash of 2010 and the Flash Rally in the US treasury futures market in October 2014
Unit six covers: Portfolio theory and the risk/return trade off; Asset allocation; Hedge funds
With case study analysis on: The significance of heightened correlations amongst the performance of diverse asset classes and the implications for portfolio diversification; Global Macro strategy offered by several prominent hedge funds
Unit seven covers: Indicators of stress and financial instability; Drivers of asset bubbles; Overview of risk management.
With case study analysis on: The collapse of Northern Rock; JP Morgan’s $6 billion losses from the “London Whale” trades
Unit eight covers: The regulatory environment and regulatory capital; Governance and risk culture of financial firms; Collation of themes and outlook for markets in the medium term
With case study analysis on: Circumstances surrounding the LIBOR fixing scandal
The course will examine the business models and resilience of financial institutions, instruments from the principal asset classes as well as derivatives, the overall frameworks and assumptions used by asset allocators in portfolio construction, and the capacity of financial
activity to lead to bouts of financial instability and systemic risk. There will also be an examination of techniques in risk management and regulations that have been introduced following the 2007/8 financial crisis.
We can tailor this course and its delivery to match your requirements. Whether it is a complete distance learning course or blended learning, we will ensure that our dedicated team and professional trainers will produce and deliver the perfect training programme.
Don't delay your application. Our online application form securely accepts payment by credit card in either £ or €, or we will invoice you or your employer for payment by bank transfer.