Educational guide
IDENTIFYING DATA							2020_21
Subject	SOLVENCY					Code	01739017
Study programme	1739 - MASTER UNIVERSITARIO CIENCIAS ACTUARIALES Y FINANCIERAS (MUCAF)
Descriptors	Credit.	Type	Year	Period
	6	Compulsory	Second	Second
Language	Castellano
Prerequisites
Department	DIREC.Y ECONOMIA DE LA EMPRESA
Coordinador	GONZALEZ FERNANDEZ , MARCOS				E-mail	mgonf@unileon.es mcgonv@unileon.es
Lecturers	GONZÁLEZ VELASCO , MARÍA DEL CARMEN GONZALEZ FERNANDEZ , MARCOS
Web	http://
General description	The objetive of the subject is to know the financial derivatives usage, types, valuation and regualtion.
Tribunales de Revisión	Tribunal titular Cargo Departamento Profesor Presidente DIREC.Y ECONOMIA DE LA EMPRESA FANJUL SUAREZ , JOSE LUIS Secretario DIREC.Y ECONOMIA DE LA EMPRESA AMOR TAPIA , BORJA Vocal DIREC.Y ECONOMIA DE LA EMPRESA SIERRA FERNANDEZ , MARIA DEL PILAR Tribunal suplente Cargo Departamento Profesor Presidente DIREC.Y ECONOMIA DE LA EMPRESA TASCON FERNANDEZ , MARIA TERESA Secretario DIREC.Y ECONOMIA DE LA EMPRESA VALDUNCIEL BUSTOS , LAURA Vocal DIREC.Y ECONOMIA DE LA EMPRESA CASTAÑO GUTIERREZ , FRANCISCO JAVIER

Competencies

Type A	Code	Competences Specific
	A17675
Type B	Code	Competences Transversal
	B5466
	B5468
	B5470
	B5471
Type C	Code	Competences Nuclear
	C4

Learning aims

	Competences
	A17675	B5466 B5468 B5470 B5471	C4

Contents

Topic	Sub-topic

Planning

Methodologies  ::  Tests
	Class hours	Hours outside the classroom	Total hours
Practicals using information and communication technologies (ICTs) in computer rooms	10	10	20
Assignments	0	80	80
Personal tuition	6	0	6
Lecture	39	0	39
Mixed tests	5	0	5
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies

Methodologies   ::  

	Description
Practicals using information and communication technologies (ICTs) in computer rooms
Assignments
Personal tuition
Lecture	This optional course is taught throughout the second quarter, three days a week, two of them in lectures of 1 hour and a half each, and the third session for personal tuition. Most of topics will be developed in theoretical and conceptual terms which are necessary to address some practical application based on real situations that may occur in the markets in which they require the active participation of students, both in the form of questions or issues that students can pose or as questions and debates generated by the teacher to analyze each situation presented. Also, the teacher will recommend supporting literature about explained topics, so that each student is able to deepen and complete their training with it.

Personalized attention

Personal tuition

Description Personal tuition sessions are based on the official calendar and may be mandatory, with two purposes, the first one, carrying out track work and case studies that require advice or consultation with the teacher and their explaining, but also in some cases it may be for doing evaluating tests. The second one, personal tuition will help answer questions from students of the subject discussed in class.

Assessment

	Description	Qualification
Assignments		Supondrá el 20% de la calificación final de la asignatura.
Lecture
Mixed tests	The program provides for two mixed events which may include essay questions, short questions and exercises for students to solve	Supondrá el 70% de la calificación final. En caso de que haya más de una prueba se aplicará una media aritmética sobre las pruebas realizadas.
Others	The continuous assessment model implies that, in order to make it possible, attendance and participation in class are valued in a positive way. Attendance and participation may be in person or online for students that justifies the difficulty to attendance.	This evaluation will account for 10% of total mark
Other comments and second call

ADDENDUM

Contingency plan due to COVID-19 emergency conditions that prevents from presence based teaching

COVID-19 Teaching Guide Addendum Access Link

Sources of information

Access to Recommended Bibliography in the Catalog ULE

Basic	Parlamento Europeo (2009), Directiva 2009/138/CE del Parlamento Europeo y Del Consejo, de 25 de noviembre de 2009, sobre el acceso a la actividad de seguro y de reaseguro y su ejercicio (Solvencia II), , Francisco Cuesta Aguilar (2011), El riesgo de tipo de interés: experiencia española y Solvencia II, Fundación MAPFRE, Madrid Davis Buckham, Jason Wahl and Stuart Rose (2011), Executive's Guide to Solvency II, Wiley, Hoboken, New Jersey
Complementary	Frans de Weert (2011), Bank and Insurance Capital Management , Wiley, The Atrium, Southern Gate, Chichester, West Sussex Anthony Tarantino PhD (2008), Governance, Risk, and Compliance Handbook Technology, Finance, Environmental, and International Guidance and Best Practices, Wiley, Hoboken, New Jersey Alexandre Adam (2007), Handbook of Asset and Liability Management: From Models to Optimal Return Strategies, Wiley, The Atrium, Southern Gate, Chichester, West Sussex Paolo Cadoni (2014), Internal models and Solvency II, Risk books, Londres Alexander J. McNeil, Rüdiger Frey and Paul Embrechts (2015), Quantitative Risk Management: Concepts, Techniques and Tools Revised Edition, Princeton Press, Princeton, New Jersey European Insurance and Occupational Pensions Authority , Textos emitidos por el EIOPA, , Parlamento Europeo, Textos legislativos (Directivas y Reglamentos), , Pauline Barrieu andLuca Albertini Mark Nicolaides, Simeon Rudin, Rick Watson and Katharina Hartwig (, The Handbook of Insurance-Linked Securities, Wiley, The Atrium, Southern Gate, Chichester, West Sussex Marine Habart-Corlosquet, Jacques Janssen and Raimondo (2013), VaR Methodology for Non-Gaussian Finance, Wiley, Hoboken, New Jersey

Recommendations

Subjects that it is recommended to have taken before

ASSET LIABILITY MANAGEMENT / 00515011 RISK MANAGEMENT / 00515012