10 evening sessions on financial markets of the City of London – Introducing the City
 
 
 
 
   
 
Course Overview
- Sessions
- Faculty
- Pricing & Offers
Walking Tours
- Guided City Tour
- Walking Tour of Canary Wharf
Special Feature
Home> Programme Information> Course Overview> Sessions

Sessions
Session I
 
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Session I 8th October 2008
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The City in Context
  
  Introducing key themes that will be developed as the course progresses:
  
 
  • The links between the City, government and the individual consumer
  • Risk versus reward; and the yield curve as a tool
  • Pricing methodologies and terminologies
  • Accounting and taxation aspects
  • Regulatory environment
  • Ratings and other measures of relative credit-worthiness
  • Various market structures and typical participants
  • Market characteristics, including liquidity, accessibility and transparency
  • The importance of capital
  • Indices and similar benchmarks
Martin Russell
Course Director
 
     
     
Session II
 
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Session II 15th October 2008
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How the Global Economy impacts the City
  
  Explaining how macro-economic events affect the financial markets and which indicators should be followed:
  
 
  • The city: at the centre of global economic developments
  • The importance of the US economy on the rest of the worldA day in the life of a City economist
  • The key importance of interest ratesA day in the life of a City economist
  • Central bank policies
  • Developed and emerging economies
  • Oil and Commodities
  • Europe in a global context
  • A day in the life of a City economist
Paul Temperton
Tier Company

Guided City Tour takes place
 
 
 
Session III
 
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Session III 22nd October 2008
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Debt Markets
Describing the chief ways in which a borrower can obtain funding from the money markets, from banking and loan finance, and from the bond markets:

Borrowers
  • SSA – sovereign/ Supranational/ agency
  • Financial Institutions
  • Corporate
Market Segments
  • Securities/ bond markets
  • Short term funding
  • Long term funding
  • On balance sheet
  • Off balance sheet
  • Secured (Covered Bonds and Securitisation)
  • Subordinated (Capital -Tier 1 and 2)
Loan markets
  • Regulation, Listing and documentation
  • Ratings and Credit
  • The role of Syndicate
Pricing and distribution
  • Groups of investors
  • Liquidity and the Crunch
Tim Skeet
Managing Director
Head of Covered Bonds
Merrill Lynch		  

Guided City Tour takes place
Session IV
 
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Session IV 29th October 2008
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Equity Markets
Looking at aspects of stock markets and the wholesale issuance and trading of shares:
  • Venture and development capital
  • The Alternative Investment Market and the roles of NOMADs
  • A full listing on London
  • Primary and secondary equity markets and market makers
  • Trading, delivery and custodianship
  • UK Listing Authority; disclosures and announcements
  • Stock lending
  • Authorised share capital and market capitalisation
  • Equity valuation techniques
  • Market trends – changes to the equity market such as regulatory changes, fragmentation and new entrants
Andrew Simpson
Chief Operating Officer
SWX London

Private Equity
  • Description of how a private equity fund is created
  • Impact of share buy-backs
  • Risk appetite and investment horizons of investors
  • Impact of private equity on a target
  • The exit routes and success stories
  • Commodities & the Brazilian bonanza.
David Smart
Consultant
 
Session V
 
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Session V 5th November 2008
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Derivatives
Discussing how derivative products are used to manage and create risk for hedging and for speculative purposes in the financial and commodities markets:
  • From forwards and FRAs to financial futures and options
  • Terminology, applications and pricing explained
  • How the major players use futures and options
  • Swaps and their uses in risk management
Martin Russell
Course Director

Derivatives as they are used in the corporate environment
  • An examination of the practical application of a range of products
Reny Morsch-Zlatkovic
Vice President - Eurex Business Development
Eurex 		 
     
Session VI
 
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Session VI 12th November 2008
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Insurance and Risk Management
To describe London’s involvement in the international insurance and risk transfer markets. The session introduces the participants in the market, explains the structures and shows how insurance and capital markets are converging.

Insurance
  • Providers of capital and its role
  • Dependence on investment markets
  • The history of risk
  • Categories of risk
  • How risks arise
  • To accept, mitigate or transfer risk?
  • Classes of insurance
  • Reinsurance
  • Alternative methods of risk transfer
David Wilson
Management Consultant

Information Management

Information and how it's used: the Marriage of Words and Numbers.
  • The markets and news in the context of the Credit Crunch
  • Equity markets - from idea generation, through price discovery, valuation and execution: a case study.
  • Accessing the Cash Credit and CDS Markets
  • FX & FX Derivatives
  • Structured Products & enhancing yield.
  • Commodities & the Brazilian bonanza.
Desmond Kinsella Bevan
Account Manager
Bloomberg		  
     
Session VII
 
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Session VII 19th November 2008
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Investment Banking: Corporate Finance and Mergers & Acquisitions
Investigating major activities of the investment banks and focusing on their roles in takeovers and mergers:
  • Different banks with varied structures
  • To grow organically or by acquisition?
  • Management and control factors
  • Origination, sales and trading of financial assets
  • Company valuation techniques
  • Regulation, and who is who in a merger
Martin Russell
Course Director

Examination of a prominent M&A Transaction
  • Rationale behind the transaction
  • Dramatis personae
  • Financing and execution of the deal
  • Financial closure
  
Speaker to be confirmed
Session VIII
 
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Session VIII 26th November 2008
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Fund and Wealth Management
Examining the industry and explaining current dynamics of the marketplace. What blend of asset classes is best suited to the return expectations of the client?
  • Institutional vs Private Client Asset Management
  • How do they differ?
  • What are the key issues facing your client?
  • How is the asset management world changing?
  • What drives strategic asset allocation?
Case studies
  • A large corporate pension fund
  • A wealthy family
Nigel Green

Hedge Funds
  • Not such a new idea: description of a representative fund
  • Justification for the flows of money into the hedge industry
  • Styles of hedge fund manager: relative value, event-driven, opportunistic
  • The impacts of leverage, and of hedge fund failures
  • Prime brokerage
  • Links between Private Equity and Hedge

Dr Chris Jones
Chief Investment Officer
Key Asset Management
Session IX
 
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Session IX 3rd December 2008
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Markets Case Study
Applying principles explained in previous evenings, a major transaction will be dissected in order to examine the practical application of all topics covered:
  • This evening will involve some team work and role play, including brief group presentations.
Martin Russell
Course Director




 
     
Session X
 
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Session X 10th December 2008
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Question Time with the Experts
Your opportunity to address questions to a distinguished panel of City luminaries.

Alderman Sir David Brewer CMG
Marsh and IFSL

Angela Knight CBE
Chief Executive
British Bankers' Association

Anthony Littleton
Head of City Markets
APACS

Philippa Foster Back OBE
Director
Institute of Business Ethics

Andrew Hill
City Editor
Financial Times

Rainer Reiss
Managing Director
Deutsche Boerse

David Gauke MP
Shadow Treasury Team

Final presentation and closing remarks

Martin Russell
Course Director
  
   
Course Brochure (Downloadable PDF - 2.36 MB)
 
 
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