The course delves into financial sector regulations specifically dedicated to the system of internal controls of financial intermediaries and, with specific reference to risk management, illustrates the Entreprise Risk Management (ERM) approach. By the end of the course, students will have learned about the regulatory framework of the system of internal controls and will have understood how it can be translated, using an ERM approach, into an effective and efficient risk management system.
Course Prerequisites
no prerequisite is required.
Teaching Methods
• Lectures and interactive workshops • Analysis of business case studies • Hands-on exercises on designing controls • Guest lectures by special matter experts professionals
Assessment Methods
Written examination with open-ended questions. The final grade will also take into account students’ active participation in class and their ability to engage critically with the highly specialised topics covered in the course.
Contents
1. Introduction to internal control systems 2. Internal control system components 3. Control tools and techniques 4. Risk management and controls 5. International Regulations and Standards 6. Case studies and best practices 7. Design and evaluation of internal controls
