FIN-419 / 2 crédits

Enseignant: Nahas Aziz

Langue: Anglais

Remark: Special schedule: see the IF website http://sfi.epfl.ch/mfe/study-plan


Summary

We will focus on ethical dilemmas facing professionals in the financial industry. Cases based on real events will illustrate various kinds of transgressions. We will then study what regulators and firms have put in place to mitigate these issues and propose some guiding principles for individuals.

Content

Keywords

financial fraud - financial crime- insider trading - tax evasion - market manipulation - market abuse - accounting fraud - money laundering - Maddoff - hedge funds - investment banking -

 

Learning Outcomes

By the end of the course, the student must be able to:

  • Justify why laws are insufficient in curbing all questionable behaviours
  • Differentiate the main ethical transgressions
  • Infer why this industry is prone to a large number of scandals
  • Elaborate on a few recent real case studies illustrating these transgressions
  • Interpret what regulators and organisations have put in place to prevent financial crimes
  • Assess / Evaluate what in the culture of an organisation can lead to moral failures
  • Produce a detailed analysis of at least one real case study
  • Propose a set of rules that could have prevented the problem from happening
  • Design a compliance framework for a specific type of activity that can minimise financial crime

Transversal skills

  • Access and evaluate appropriate sources of information.
  • Make an oral presentation.
  • Demonstrate the capacity for critical thinking

Teaching methods

Lectures

Projects

Exercises

Expected student activities

Attendance at lectures

Work on a project

Oral presentation

Assessment methods

Exam: 50%

Project and presentation of the project: 50%

 

Resources

Virtual desktop infrastructure (VDI)

No

Bibliography

"No one would listen" by Harry Markopolos

"Black Edge" by Sheelah Kolhatkar

"The Big Short" by Michael Lewis

"Debt: The first 5000 years" by David Graeber.

"Groundwork of the Metaphysic of Morals" by Immanuel Kant

"Ethics" by Baruch Spinoza

Ressources en bibliothèque

Dans les plans d'études

  • Semestre: Automne
  • Forme de l'examen: Pendant le semestre (session d'hiver)
  • Matière examinée: Ethical behavior in the financial industry
  • Cours: 2 Heure(s) hebdo x 14 semaines
  • Semestre: Automne
  • Forme de l'examen: Pendant le semestre (session d'hiver)
  • Matière examinée: Ethical behavior in the financial industry
  • Cours: 2 Heure(s) hebdo x 14 semaines

Semaine de référence

 LuMaMeJeVe
8-9     
9-10   ODY016 
10-11    
11-12    
12-13     
13-14     
14-15     
15-16     
16-17     
17-18     
18-19     
19-20     
20-21     
21-22     

Jeudi, 9h - 12h: Cours ODY016