Modules for course N3AX | MSC/BANKFIN
MSc Banking and Finance

These are the modules currently offered on this course in the 2018–19 academic year.

You can also view the modules offered in the years: 2017–18.

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Year 1 Modules

Compulsory Modules

0 to 90 credits from:

  • September start must take:
  • ASB-4402: Bank Financial Management (15) (Semester 2)
    External and internal drivers that shape bank financial management; Financial and performance analysis; Asset and liability management; Lending and securitisation; Risk and capital adequacy; Capital allocation and VAR (Value-At-Risk) modelling; Current issues in bank financial management.
  • ASB-4403: Int'l Financial Markets (15) (Semester 1)
    An overview of financial markets and instruments; Review of the concepts of risk and return; Portfolio theory and diversification; The capital asset pricing model; Other asset pricing models; Efficient markets, behavioural finance and anomalies; Hedging, speculation and arbitrage; Foreign exchange and derivative markets; Option characteristics and option pricing; Forwards, futures and swaps.
  • ASB-4408: Financial Econometrics (15) (Semester 2)
    • Review of the linear regression model: estimation and hypothesis testing; • Dynamic regression models: distributed lag and autoregressive models; • Non-stationarity and testing for unit roots; • Modelling long-run relationships: cointegration; • Modelling volatility: univariate ARCH and GARCH models; • Regression analysis using panel data.
  • ASB-4411: International Banking (15) (Semester 1)
    • Overview of financial management at modern banks; • Current trends and impacts of foreign banks • Origins and evolution of international banks and markets • Evaluating country risks; • The location decision; • Diversification, risk and value • Syndicated lending; • Financial crises; • Issues in international bank regulation; • Issues in executive compensation
  • ASB-4416: Credit Risk Analytics (15) (Semester 1)
    Valuation of financial cash flows and rates of return; Expected return models and event studies in finance; The Law of One Price in finance and pricing financial claims via arbitrage; Portfolio theory and the modelling of investment portfolios; Value at Risk; Bootstrap methods; Brownian motion; Monte Carlo methods in finance; Pricing financial claims via replication and Black-Scholes option pricing.
  • ASB-4601: Research Methods (15) (Semester 1)
    Describing and summarising data; Probability and probability distributions; Principles of statistical inference; Correlation and regression analysis; Regression models for panel data.
  • The above modules are compulsory for September intake students. This means that students arriving in September must take all of the above modules.

0 to 90 credits from:

  • January start must take:
  • ASB-4101: Research Methods (15) (Semester 2)
    Describing and summarising data; Probability and probability distributions; Principles of statistical inference; Correlation and regression analysis; Regression models for panel data.
  • ASB-4108: Financial Econometrics (15) (Semester 1)
    • Review of the linear regression model: estimation and hypothesis testing; • Dynamic regression models: distributed lag and autoregressive models; • Non-stationarity and testing for unit roots; • Modelling long-run relationships: cointegration; • Modelling volatility: univariate ARCH and GARCH models; • Regression analysis using panel data.
  • ASB-4402: Bank Financial Management (15) (Semester 2)
    External and internal drivers that shape bank financial management; Financial and performance analysis; Asset and liability management; Lending and securitisation; Risk and capital adequacy; Capital allocation and VAR (Value-At-Risk) modelling; Current issues in bank financial management.
  • ASB-4411: International Banking (15) (Semester 1)
    • Overview of financial management at modern banks; • Current trends and impacts of foreign banks • Origins and evolution of international banks and markets • Evaluating country risks; • The location decision; • Diversification, risk and value • Syndicated lending; • Financial crises; • Issues in international bank regulation; • Issues in executive compensation
  • ASB-4416: Credit Risk Analytics (15) (Semester 1)
    Valuation of financial cash flows and rates of return; Expected return models and event studies in finance; The Law of One Price in finance and pricing financial claims via arbitrage; Portfolio theory and the modelling of investment portfolios; Value at Risk; Bootstrap methods; Brownian motion; Monte Carlo methods in finance; Pricing financial claims via replication and Black-Scholes option pricing.
  • The above modules are compulsory for January intake students. This means that students arriving in January must take all of the above modules.

60 credits from:

  • ASB-4902: MSc Dissertation (60) (Semester 3)
    There is no set syllabus. The dissertation encourages students to develop a critical awareness of the professional skills relevant to the strategic management of a variety of business practices. Students choose their research topic, provided that there is suitable and sufficient reading material available, and a member of staff is available to supervise in the chosen area of study.
  • ASB-4909: Finance Dissertation (60) (Semester 3)
  • ASB-4910: Finc'l Research & CFA Series (60) (Semester 3)
    In the Research Seminar component, the precise content will vary from year to year. This will enable the programme to include staff research specialisms, to reflect current and topical research issues and to adapt to any staffing changes. Indicative content for 2016 (labelling is consistent with the existing ASB4903/4896 module): A1. Corporate governance and executive compensation (Professor John Ashton). C1. Event studies and the measurement of abnormal returns (Dr Gwion Williams). D1. The role of rating agencies in financial markets (Professor Owain ap Gwilym). Each student must attend two of the above research seminars, as follows: MSc Accounting, MSc Accounting and Banking, MSc Accounting and Finance: Seminars A1, C1. MSc/MA Banking and Finance, MSc International Banking, MSc/MA Islamic Banking and Finance, MSc/MA Finance, MSc International Finance, MSc Investment Management, MSc/MA Management and Finance. Seminars C1, D1. MBA Banking and Finance, MBA Finance, MBA Islamic Banking and Finance. Seminars A1, D1. This is applicable to September and January intakes, in both Bangor and London. In the CFA component: Prepare students to undertake a professional exam. Training will cover topics on the CFA Level 1 syllabus. Indicative content for 2016: Ethical and Professional Standards; Quantitative Methods; Economics; Financial Reporting and Analysis; Corporate Finance; Portfolio Management; Equity Investments; Fixed Income Investments; Derivatives; and Alternative Investments.

Optional Modules

0 to 30 credits from:

  • September start choose 2 from:
  • ASB-4008: Financial Technology (15) (Semester 2)
  • ASB-4125: Invstmt Strat & Portfolio Mgmt (15) (Semester 1)
  • ASB-4417: Market Risk Analytics (15) (Semester 2)
    Introduction to financial engineering; Static replication -creation, decomposition and analysis of financial products; Dynamic replication; Hedging strategies; Convexity, volatility and credit risk in financial engineering; Case studies in financial engineering.
  • ASB-4437: Merger and Acquisition (15) (Semester 2)
    Theory of the firm: "Build vs Buy"; Current issues in the M&A landscape; Motives for M&A; How do mergers work? When do mergers work? Winners and losers; Valuation in the context of an acquisition; Criteria for value-adding acquisitions; Cross-border vs domestic acquisitions.
  • ASB-4441: Current Issues - Int'l Finance (15) (Semester 2)
    • Derivative Securities analysis and risk management • Hedge funds and Emerging Markets Investment • International/Global Investment • Credit rating agencies, Sovereign/bank debt/ratings and current regulatory reforms • International Monetary System and Trade Policy and exchange rates
  • ASB-4527: Executive Compensation (15) (Semester 2)
  • The above optional modules are available to students arriving in September.

0 to 30 credits from:

  • January start choose 2 from:
  • ASB-4125: Invstmt Strat & Portfolio Mgmt (15) (Semester 1)
  • ASB-4414: Corporate Risk Management (15) (Semester 1)
    The nature of risk management; Risk identification; Business loss exposures; Risk measurement; Probability distributions (uses and limitations); Risk control tools; Risk financing tools; Influence of the market on risk management decisions; The interdependence of insurance and loss prevention decision; Insurance versus alternatives.
  • ASB-4417: Market Risk Analytics (15) (Semester 2)
    Introduction to financial engineering; Static replication -creation, decomposition and analysis of financial products; Dynamic replication; Hedging strategies; Convexity, volatility and credit risk in financial engineering; Case studies in financial engineering.
  • ASB-4437: Merger and Acquisition (15) (Semester 2)
    Theory of the firm: "Build vs Buy"; Current issues in the M&A landscape; Motives for M&A; How do mergers work? When do mergers work? Winners and losers; Valuation in the context of an acquisition; Criteria for value-adding acquisitions; Cross-border vs domestic acquisitions.
  • The above optional modules are available to students arriving in January.