PROGRAM

Modern financial institutions are elaborate entities comprised of multiple parts, each with specialized functions, elaborate products, unique information flows and arcane terminologies. Their operations extend well beyond New York's Wall Street and London's City or Canary Wharf to Toronto, Hong Kong, Australia, Singapore, Dubai, Mumbai and beyond.

Through this program, participants will gain better understanding and road map into the complexities of the securities brokerage, investment banking, hedge fund, asset management and commercial banking businesses. No assumption is made about prior knowledge. Thus foundational issues are first addressed to enable participants to understand the players, markets, products and strategies of financial institutions, and the influences of regulatory, competitive and technological pressures. This provides context so participants leave with an awareness of the day-to-day functioning of financial institution businesses. More technical subjects are reviewed at a high level, as well, to acquaint participants with the mechanics of the business, the trade life cycle, the language of finance, the essentials of risk, bond math, quoting conventions, yield curves, duration and convexity, options. This course is essential in understanding the finance business.

The key course content is, as follows:

The Industry Road Map Introduction to Finance and Markets Market Structures, Players and Relationships Roles of Financial Institutions and Intermediaries Evolution of Exchanges and New Trading Platforms Corporate and Investment Bankers Trends and the Operating Environment Oversight and Regulation of Financial Institutions Job Opportunities in a Complex Institution Understanding the Institutional P&L The Corporate Vision and Strategy Enhancing Financial Institution Value Functional Divisions and Businesses The Front, Middle and Back Office Leading and Lagging Opportunities Legal, Regulatory and Compliance The New Market Environment Sarbanes Oxley Risk Analysis, Underwriting and Control Recognizing Deterioration in Credit Quality Credit Portfolio Management Securities Brokers and Dealers History and Business Evolution Business Structure and Performance Understanding Investor Needs Review of Key Products and Services Sources and Uses of Market Data, Information and Pricing The Trade Life Cycle Roles in the Trade Life Cycle Organization of Clearance and Settlement Systems Securities Settlement Procedures Global Standardization in Securities Clearance and Settlement An Overview of Capital Markets Products and Uses Fixed Income and Debt Instruments

Basel II Regulation NMA/MIFID SRO Requirements Critical Evolving Issues Macroeconomics and Markets The Business Life Cycle Reading the 'Right' News Key Indicators and Variables Examining Market Charts and Data Leading Indicators and Forecasting Monetary and Fiscal Policy Research and Analysis Emerging and Alternative Markets Risk and Its Implications for Management Valuing Money, Yields and Risk The Role of Credit Types of Risk: Market, Credit, Operational. The Function and Process of Rating Agencies Equity Instruments Structured Financial Instruments Mortgage-Backed Securities Asset-Backed Securities Derivative Products (Options, Futures, Swaps, Credit/Interest Rate Products) Asset and Investment Management Introduction to portfolio theory Investment analysis and management Understanding Investor Needs Active vs. Passive Investing Model Investor Portfolios Evaluating Investor Performance Portfolio Return Attribution Banking on Relationships What Relationship Management Is and Is Not Knowledge Based Banking and Advisory Services Identifying Investor Needs and Objectives Solving Client Problems

Each day, the program will include: