Organisation and Content

Lecture I – 13/10/2026 – Introduction to Commercial Banking I:

• The banking business model;
• Balance sheet and P&L;
• Ethics, conduct and customer service;
• Client relationship management, Loan RMs; Deposit / Funding RMs
• Key performance metrics, RAROC;
• Expectations of the regulator

Lecturer: Professor Moorad Choudhry

Reading: Core text, chapters 1, 2

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Lecture II – 20/10/2026 – Introduction to Commercial Banking II:

• Banking loan and deposit products;
• FX, reference rates, net interest income and net interest margin;
• Money market and capital market instruments

Lecturer: Professor Chris Westcott

Reading: Core text, chapters 1, 4, 6

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Lecture III – 27/10/2026 – Bank risk management:

• Risk management framework (RMF) and risk appetite statement (RAS);
• Key risk indicators (KRIs)
• Credit risk;
• Market risk;
• Operational risk;
• ALCO MI pack

Lecturer: Malgorzata Tynecka

Reading: Core text, chapters 18, 9

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IV – 3/11/2026 – Bank asset-liability management I:

• ALM and traditional gap analysis
• Yield curve;
• Template ALM policy
• Treasury operating model;
• Liquidity risk management, liquidity risk indicators;
• Liquidity adequacy;
• ALCO governance

Lecturer: Professor Chris Westcott

Reading: Core text, chapters 5, 8, 11

Issue ALCO MI KRI metrics and confirm assignment at end of lecture

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V – 10/11/2026 – Bank asset-liability management II:

• Basel capital adequacy rules;
• Capital management;
• ICAAP principles
• Banking book market risk (interest-rate risk and FX risk) management

Lecturer: Professor Chris Westcott

Reading: Core text, chapters 3, 7, 16

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VI – 17/11/2026 – Governance good-practice principles:

• Governance committee structure;
• Senior executive roles and responsibilities;
• Risk culture

Lecturer: Amit Bansal

Reading: Core text, chapter 17

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Examination – 1/12/2026 – Online examination

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Lecture Seminar and Q&A

At the end of each lecture there will be a 30-minute seminar session during which students and lecturer will discuss the topics raised during the lecture, issues concerning the previous lecture, and engage in group Q&A.

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Course Reading

• Choudhry, M., The Principles of Banking, 2^nd edition, Singapore: John Wiley & Sons 2012, 2023
  (This title is designated the “Core Text” and will be supplied as an e-book to all students)
• Choudhry, M., Moorad Choudhry Anthology, Singapore: John Wiley & Sons 2018
• Financial Times Guide to Banking, The Financial Times Series, 2014