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The word limit is 4500 words in total – appendix (including, for example calculations) can be attached and will not be counted in the word limit. Due date is Friday, 1June at 4pm, to be submitted into the assignment box in the Professions Undergraduate Hub, on the ground floor, 10 Pulteney Street. Penalties of 5 % will apply for every day late.总字数限制4500字 - 附录（包括，例如计算），可以连接并不会被计算在字数限制。到期日是星期五，1June至下午4时，被提交到专业本科轮毂的分配箱。 5％的处罚将适用于每迟一天就扣除。 In order to understand the impact of financial crisis on bank performance and risk management, as banking analysts you and your team are required to undertake the following projects using 2 banks : one Australian bank and one bank from a country in the Eurozone.为了了解金融危机的影响，对银行业绩和风险管理，银行分析师，您和您的团队需要采取以下的项目，从一个国家在欧元区银行：澳洲银行和一家银行。 You have to determine the banks and appropriate periods of analysis to capture the impact of the financial crisis, especially the European debt crisis that developed from late 2009, with the situation becoming particularly tense in early 2011.指导澳大利亚assignment 你必须确定银行的分析和适当的期间捕捉到金融危机的影响，尤其是欧洲债务危机，发达国家从2009年年底，变得特别紧张的情况在2011年年初。 The information required (financial reports, market and industry analysis etc.) can be downloaded from the banks’ websites and other sources. You must include important financial statements and information that validate your analysis in an appendix. 可以从银行的网站和其他来源所需要的信息（财务报告，市场和行业分析等）。您必须包括重要的财务报表及资料，在附录中验证您的分析。 Project I: Performance Analysis (Total Mark: 60%)项目一：性能分析（总成绩：60％） The main objective of this project is to undertake an in-depth analysis of performance of the banks using their financial reports. a. Present a clear and concise analysis on capital raising activities (liability structure) and portfolio asset allocation (asset structure) of the banks. In your analysis, you have to clearly explain the major differences of the asset and liability structure of the banks as well as potential risk exposure due to the asset and liability structure. How do you think the European debt crisis affects the asset and liability structure of the banks? (Mark: 30%) b. Critically analyse performance of the banks and discuss how the European debt crisis affects the performance of the banks. In undertaking the performance analysis, an important framework is the Return on Equity (ROE) decomposition model. This model provides a starting point for decomposing a financial institution’s performance by examining its financial ratios. In order to obtain a better understanding about the banks’ performances, not only do you need to analyse key performance indicators, but also identify trends in those indicators. You may also need to evaluate the banks’ performances using alternative market performance indicators (share prices, price-to-earnings ratios, credit ratings, etc). (Mark 30%) Project II: Risk Analysis (Total Mark: 40%) In addition to the performance analysis, you are also required to identify and measure different types of risk the banks are exposed to. At this stage you are concerned about market and off-balance sheet risks. 1. Market Risk Discuss and compare market risk exposure of the banks. You may use Value-at Risk and/or the Bank of International Settlements - Standardised Framework in measuring the market risk exposure, depending on the available information. a. Discuss the underlying assumptions and weaknesses of the method(s) used by the banks in measuring the market risk. b. Discuss which bank is more exposed to market risk and how the European debt crisis affects the market risk exposure of the banks (Mark: 20%) 2. Off-Balance Sheet Risk You are especially concerned about the growth of off-balance sheet activities in large financial institutions. Most analysts believe that usage of off-balance sheet activities (especially derivatives) increases risk in most cases. a. Explain the types of derivative instruments that are used by each bank and the subsequent risk exposures created. b. Discuss how the European debt crisis affects the use of derivatives of each bank. (Mark: 20%) --End of Assignment-- |
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