Authorised by Academic Registrar, April 1996
Objectives The student will demonstrate an understanding of the specific coverage of the institutions' operations in the underwriting and marketing of the public issues of securities; its money markets; foreign exchange; investment management; financial advisory services.
Synopsis Introduction to and defining investment banking; development of investment/merchant banking overseas; development of investment/merchant banking in Australia; regulatory system, its operations in Australia and current market perspective; money market operations; foreign exchange operations; underwriting activities: types of securities underwritten, underwriting syndication structuring, risks and pricing underwriting structures; financial advisory work (public and private sector); structural finance and other lending; investment management activities; diversification efforts within Australian finance; problems and institutional failure; comparison of present day investment/merchant banks operations overseas: United States, United Kingdom, Japan, elsewhere in Asia; future direction of investment banking.
Assessment Assignment: 50% + Examination (3 hours): 50%