• Class Number 2400
  • Term Code 3330
  • Class Info
  • Unit Value 6 units
  • Mode of Delivery In Person
    • Dr Nhan Le
    • Dr Nhan Le
  • Class Dates
  • Class Start Date 20/02/2023
  • Class End Date 26/05/2023
  • Census Date 31/03/2023
  • Last Date to Enrol 27/02/2023
SELT Survey Results

This course covers the theory and practice of financial intermediation, broadly construed to include banks, savings institutions and investment/merchant banks. Topics will include the role of banking firms in a developed capital market, their impact on corporate financial decisions for non-banking firms, and the regulation of banks. The course includes a comprehensive analysis of the role of financial intermediaries in the development of fixed income markets and provides an analysis of fixed income securities. Additional topics include models and techniques used for managing credit risk, interest rate risk and liquidity risk. These are applied to maturity matching, duration and immunization, loan sales, securitization, collateralized debt obligations (CDOs), and collateralized mortgage obligations (CMOs).

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. Explain in detail the role of banks in an economy and the global trends in banking and bank regulation
  2. Describe in depth how banks’ lending policies can influence corporate decision making
  3. Identify and quantify complex banking risks and implement credit risk management
  4. Critically analyse debt markets and their role in liquidity management
  5. Define in depth interest rate risk and management
  6. Thoroughly discuss bank loan sales and securitization
  7. Communicate the causes and consequences of bank failure and the global financial crisis
  8. Describe the latest developments in banking, including Fintech
  9. Work effectively in teams and present the results of this teamwork

Research-Led Teaching

Text book material will be supplemented with the most recent information from research and news from: my own research, research from universities elsewhere, government departments, and international organisations i.e. World Bank, IMF etc., and news outlets.

Examination Material or equipment

Students will be allowed to bring a non-programable/scientific calculator and dictionary into the closed book tests.

Required Resources

Financial institutions management : a risk management approach 10th edition (2020) by Anthony Saunders, Marcia Millon Cornett, McGraw Hill

Students can access the e-copy via this link - https://library.anu.edu.au/record=b6742056

The book can be purchased from the on campus bookshop, with a small number of copies also available for 2 hour loan in the reserve loan section of the Chifley Library.

In addition:

  • Additional reading provided on a week-to-week basis
  • CFA Materials (available at http://www.cfapubs.org/loi/ccb - see Wattle site for further information), CFA Code of Ethics and Standards of Professional Conduct, CFA Standard of Practice Handbook, CFA Research and Position Papers

Students are recommended to stay abreast with current events by regularly reading the financial news. Online resources such as Bloomberg, Reuters or the Wall Street Journal.

Staff Feedback

Students will be given feedback in the following forms in this course:

1.   Written feedback

2.   Live feedback if necessary

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Other Information

Consultation hours will be confirmed at the start of the semester.

Assessment Requirements 

As a further academic integrity control, students may be selected for a 15 minute individual oral examination of their written assessment submissions.

Any student identified, either during the current semester or in retrospect, as having used ghost writing services will be investigated under the University’s Academic Misconduct Rule. 


Your final mark for the course will be based on the raw marks allocated for each of your assessment items. However, your final mark may not be the same number as produced by that formula, as marks may be scaled. Any scaling applied will preserve the rank order of raw marks (i.e. if your raw mark exceeds that of another student, then your scaled mark will exceed the scaled mark of that student), and may be either up or down.

 Referencing Requirements

Please use Harvard or Chicago style referencing. See here for more information:  https://academicskills.anu.edu.au/resources/handouts/referencing-style-guides

Support for Students

The University offers a number of support services for students. Information on these is available online from http://students.anu.edu.au/studentlife/

Extensions and Penalties

No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.

Late submission is not accepted for take-home examinations.


Class Schedule

Week/Session Summary of Activities Assessment
1 Roles and operations of banks
2 Bank financial statements and banking risks
3 Interest Rates and Interest Rate Risk
4 Lending Policies And Credit Risk Quiz
5 Debt Markets and Liquidity risk
6 Market Risk Mid-term exam
7 Regulation: Micro-prudential Policy
8 Regulation: Macro-prudential Policy
9 Securitization
10 Securitization
11 Bank crises and failures: economic consequences
12 Bank crises and failures: the future of banking Final exam

Tutorial Registration

Tutorials will be available on campus, live through scheduled zoom sessions and as pre-recorded videos. Information regarding enrolments for these options will be provided on Wattle during O-week, prior to the start of the semester.

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

Assessment Summary

Assessment task Value Due Date Return of assessment Learning Outcomes
Online quiz (10%) 10 % 17/03/2023 17/03/2023 1,2,3,4,5,6,7,8,9
Mid-semester exam (40%) 40 % 31/03/2023 10/04/2023 1,2,3,4,5,6,7,8,9
Final exam (50%) 50 % 01/06/2023 29/06/2023 1,2,3,4,5,6,7,8,9

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details


ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.


Course content delivery will take the form of online (weekly) lectures delivered live and weekly tutorials delivered in hybrid format (on campus, live through zoom sessions and as pre-recorded videos on Wattle).


Centrally scheduled examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. Please check ANU Timetabling for further information.

Assessment Task 1

Value: 10 %
Due Date: 17/03/2023
Return of Assessment: 17/03/2023
Learning Outcomes: 1,2,3,4,5,6,7,8,9

Online quiz (10%)

It is an online quiz conducted via Wattle, consisting of multiple choice questions only. The quiz will be available on Wattle from 7pm to 8pm on Mar 17, 2023. You will have one hour to finish the quiz. The quiz will cover all materials covered in week 1 to 4. More details regarding the quiz will be provided by week 3.

Assessment Task 2

Value: 40 %
Due Date: 31/03/2023
Return of Assessment: 10/04/2023
Learning Outcomes: 1,2,3,4,5,6,7,8,9

Mid-semester exam (40%)

2 hour open book mid-semester exam during week 6. The exam will be online/delivered through Wattle and cover all materials including theoretical and practical problems from week 1-6, inclusive. More details regarding the mid-term exam will be provided by week 5.

Assessment Task 3

Value: 50 %
Due Date: 01/06/2023
Return of Assessment: 29/06/2023
Learning Outcomes: 1,2,3,4,5,6,7,8,9

Final exam (50%)

2 hour open book final exam during examination period. The exam will be online/delivered through Wattle, covering a mixture of theoretical and practical (numerical) questions. Students will need to review all material (weeks 1-12) pertaining to the course. The final exam will be held in the exam period with details to be advised in week 10. Centrally scheduled examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. Please check ANU Timetabling for further information.

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.

The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.

The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.

Online Submission

You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.

Hardcopy Submission

There is no hardcopy submission in the course.

Late Submission

No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.

Late submission is not accepted for take-home examinations.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Returning Assignments


Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Resubmission of Assignments



Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.

Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

Dr Nhan Le

Research Interests

My research interests are corporate finance, banking, geography and labor economics.

Dr Nhan Le

Monday 16:30 17:30
Monday 16:30 17:30
By Appointment
Dr Nhan Le

Research Interests

Dr Nhan Le

Monday 16:30 17:30
Monday 16:30 17:30
By Appointment

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions