Module Catalogue Degree programme Bachelor of Science ... · ods rather than just transferring...

Module Catalogue Degree programme Bachelor of Science „Zentralbankwesen / Central Banking“

Valid from starting date: 1 October 2020

(Last updated: 1 October 2020)

DEUTSCHE BUNDESBANK

UNIVERSITY OF APPLIED SCIENCES

CASTLE HACHENBURG/GERMANY

Deutsche Bundesbank University of Applied Sciences Module catalogue for the "Zentralbankwesen / Central Banking"

degree programme Valid from starting date: 1 October 2020

3

Contents

1 Degree programme concept 4

1.1 Module overview for Deutsche Bundesbank students 5

1.2 Module overview for Federal Financial Supervisory Authority (BaFin)

students 6

2 Theoretical studies 7

2.1 Foundation course 8

2.2 Advanced study 21

2.3 In-depth study 1 33

2.4 In-depth study 2 53

3 Practical studies 60

3.1 Practical studies for Deutsche Bundesbank students 60

3.2 Practical studies for BaFin students 80

4 Bachelor’s Thesis 92

Last updated: 1 October 2020

Deutsche Bundesbank University of Applied Sciences Module catalogue for the "Zentralbankwesen / Central Banking" degree programme Valid from starting date: 1 October 2020 4

1 Degree programme concept

The educational concept of the Deutsche Bundesbank University of Applied Sciences (hereinafter

"University") has had the following hallmarks since it was founded in 1980.

Orientation to the Bundesbank (focus on the Bundesbank's core business areas)

Dual studies ( dovetailing of theoretical studies and practical experience)

Dual qualification ( students obtain a university degree and simultaneously qualify for a career

in the upper intermediate service at the Deutsche Bundesbank)

The Bachelor's degree programme essentially follows these guiding principles, but places even

greater emphasis on the role of the Deutsche Bundesbank in the Eurosystem and on teaching meth-

ods rather than just transferring knowledge. In addition, students are offered options for shaping

their course of study, meaning that although they gain an overview of all core business areas of a

central bank, they can additionally acquire an in-depth understanding of certain business areas and

the key methods in use there.

The degree programme culminates in a Bachelor of Science degree, as quantitative business

administration methods (in particular, in the fields of banking supervision, accounting, analysis of

financial statements and financial issues, controlling, corporate finance, financial mathematics, statis-

tics and IT) form a common thread throughout the programme, representing roughly half of the cur-

riculum. The bilingual title of the degree programme (“Zentralbankwesen / Central Banking”) re-

flects the fact that the curriculum is largely international in nature due to the Deutsche Bundesbank

being part of the ESCB and therefore selected classes and lectures are held in English.

Besides the quantitative and English-language content of the curriculum, the degree programme

comprises a host of modules which focus on the application and interpretation of laws and regula-

tions as well as internal rules and regulations at the respective authority. Given that the Bundesbank

has the status of a supreme federal authority with a wide range of responsibilities in the fields of cur-

rency and financial markets, this legal orientation is well justified. With the exception of a few mod-

ules, which deal exclusively with legal topics, the legal issues – in keeping with the interdisciplinary

approach of the degree programme – are taught together with issues relating to banking operations

and financial mathematics.

The dual concept of the Bachelor's programme ensures a high degree of practical relevance

through constant alternation between theoretical and practical modules, offering content which is

coordinated by the University. Students complete a total of seven different internships and are famil-

iar with the corporate culture in the business units of the Bundesbank/their recruiting authority (eg the

Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht or BaFin))

at the end of their studies. Both the Bachelor’s thesis with its strong practical focus and a final

five-month internship ensure a seamless transition into employment.

1.1 Module overview for Deutsche Bundesbank students

1.2 Module overview for Federal Financial Supervisory Authority (BaFin) students

Deutsche Bundesbank University of Applied Sciences Module catalogue for the "Zentralbankwesen / Central Banking" degree programme

Valid from starting date: 1 October 2020 7

2 Theoretical studies

As part of the theoretical studies, the first two six-month stages of study, ie foundation course and

advanced study, provide a broad base of theoretical knowledge and methodology. These two stages

of study do not offer any elective modules.

By contrast, in in-depth study 1, students can choose a specialisation. The University generally of-

fers the following specialisations.

A “Supervisory and financial stability functions”

B “Bank operational functions”

Q “Interdisciplinary an IT functions”

Each specialisation is geared towards the skills and methods that are particularly relevant in specific

areas of a central bank or a banking supervisory authority. In accordance with the study regulations,

each recruiting authority may modify the curriculum and structure of degree programme specialisa-

tions in agreement with the University. Accordingly, the Bundesbank and BaFin students have the

following options for specialisation.

Overview 1: Modules1 for each specialisation and recruiting authority during the in-depth study periods

Specialisation

Recruiting

authority

Supervisory and

financial stability

functions

Interdisciplinary

and IT functions

Bank operational

functions

In-depth study 1 modules

Bundesbank V1, V2, V5 and

V3 or V6 V1, V2, V4 and


V4 or V6

BaFin V1, V2, V5 and


V1 or V6

In-depth study 2 modules

Bundesbank W1, W2, W3, W5 W2, W4, W5, W6 W1, W3, W4 W6

BaFin W1, W2, W3, W5 W2, W4, W5, W6

Despite the options for specialisation, the overall course of study remains general in nature and co-

vers several core business areas. Hence the specialisations provide an indication of the graduates'

subsequent area of employment but do not prejudice it.

1 Key: Overview of in-depth study modules

In-depth study 1 In-depth study 2

V1: Bank and central bank management V2: Analysis of financial statements

and financial instruments V3: Financial markets and international economics

(EN) V4: Organisation, human resources management and

contract management V5: Banking, securities and insurance supervision V6: Digital transformation and advanced analytics

W1: Case studies on monetary policy and financial stability (EN)

W2: Case studies on financial supervision W3: Case studies on payment and financial market

infrastructure W4: Managing people and organisations in changing contexts W5: Financial Econometrics W6: Process and project management


2.1 Foundation course

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

P1 Foundation

course P1

Advanced study

P2 In-depth study 1

Practical study 3

In-depth study 2

BT Practical study 4

Module name (including module components) ECTS Contact hours

(number of 45-minute

teaching ses-sions)

Workload (number of

hours)

Examination Preparation time (percentage of English)

G1: Methodological foundations (Mandatory module)

8 152 240 Written exam

180 minutes

G1-1: Academic research, study methods and communication

2 42 60

G1-2: Information technology: an introduction 3 54 90

G1-3: Financial mathematics and statistics: an introduction

3 56 90

G2: Introduction to business administration (Mandatory module)


180 minutes

G2-1: Management of operational resources 4 72 120

G2-2: Bookkeeping, cost accounting and financial statements

4 76 120

G3: Introduction to the banking industry

(Mandatory module)


180 minutes

(50) G3-1: Structure of the banking system and fundamentals of the banking industry

4 72 120

G3-2: Introduction to Central Banking (EN) 4 70 120

G4: Introduction to the legal system: Basic Law, Civil Code and Commercial Code (Mandatory module)


120 minutes

G5: Principles of economics (EN) (Mandatory module)


120 minutes

(50)

Total 34 620 1020 5 module exams



Module Methodological foundations Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code G1

Academic level of the module

Foundation course

Type Mandatory module; quantitative content around 67%, English-language content around 11%, legal content 0%

ECTS credits 8 ECTS

Academic workload 240 hours, of which 114 contact hours (152x45-minute teaching sessions) and 126 hours of independent study

Examination date At the end of the study stage

Mode of examination Preparation time (percentage of English)

Written exam, covering tasks from module components G1-1, G1-2 and G1-3, 180 minutes (0)

Prerequisites ---

(Potentially) followed by A1 Quantitative methods A2 Business administration: deepening of knowledge


Module component of G1

Academic research, study methods and communication

Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code G1-1


Foundation course

Type Module component; quantitative content 10%, English-language content 0%, legal content 0%

ECTS credits 2 ECTS

Academic workload 60 hours, of which 31.5 contact hours (42x45-minute teaching sessions) and 28.5 hours of independent study

Teaching methods Lectures, exercises, group work, situational tasks, role plays with critical reflection and feedback, video training

Lecturer responsible for the module

Professor Matthias Goeken

Academic objectives Students will learn to master the academic methods of planning and gaining an overview of, selecting and analysing material and to put them into practice by com-piling an academic paper. Students will also be able to use Microsoft Office applica-tions essential to the preparation of academic papers and presentations. This in-cludes using Microsoft Word to write, edit and publish academic texts and using PowerPoint in presentations.

Moreover, students will learn and put into practice efficient working and study meth-ods, allowing them to organise their studies independently and to master course content.

Mastery of key competencies such as presentation techniques, teamwork and com-munication skills are vital to operational practice. Students will refine these skills and gradually expand them.

Preliminary reading V Römermann et al, Schlüsselqualifikationen für Studium, Examen und Beruf, latest edition. C Stickel-Wolf, J Wolf, Wissenschaftliches Arbeiten und Lerntechniken, latest editi-on. M R Theisen, Wissenschaftliches Arbeiten: Technik - Methodik - Form, Munich, la-test edition. Balzert et al, Wissenschaftliches Arbeiten: Wissenschaft, Quellen, Artefakte, Orga-nisation, Präsentation; W3L Herdecke, latest edition. Microsoft Office Word 2007 manual, latest edition. Supplementary reading: S M Litzcke et al, Studieren lernen, latest edition (available online).

G1-1a Academic research and study methods

Syllabus The academic work process (planning, preparatory work, overview, selection and analysis of material, writing manuscripts, presenting results, holding presentations)

Work and learning techniques

Examinations in theoretical and practical studies (written exam, presentation, seminar paper, report, internship report, completion of another practical task typ-ically performed in the Upper Intermediate Service, paper, oral exam)

G1-1b Communication

Syllabus Key competencies (presentation techniques, rhetoric, teamwork and communi-cation skills)

G1-1c Preparing academic texts and presentations

Syllabus Word (in particular, formatting and document templates, field functions, foot-notes, layouts, table of contents)

PowerPoint (in particular, preparing presentations, slide masters, custom anima-tion, embedding graphics) and alternatives




Information technology: an introduction


Code G1-2


Foundation course


ECTS credits 3 ECTS


Teaching methods Lectures (sometimes using PCs), study group exercises, independent study


Lothar Thiel

Academic objectives Upon completion of this module, students will understand

the basic terminology used in information technology

how computer systems (hardware components) are structured and how operat-ing systems are structured and used (system-related software)

the types and possible uses of operational application systems (application soft-ware)

the basic concepts of databases

the fundamental rules of information security Furthermore, students will be familiar with the key Microsoft Office applications used by the Deutsche Bundesbank. This includes

an introduction to spreadsheets and databases

the functioning and use of the internet

the basic functions of standard business administration software (SAP)

Preliminary reading H Herold et al, Grundlagen der Informatik, latest edition. Amberg et al, Wertschöpfungsorientierte Wirtschaftsinformatik, Berlin, Heidelberg (latest edition). Supplementary reading: H-P Gumm et al, Einführung in die Informatik, latest edition. K C Laudon et al, Wirtschaftsinformatik, Einführung, latest edition. A S Tanenbaum, Computernetzwerke, latest edition. Microsoft Office Excel 2007 manual, latest edition. Microsoft Office Access 2007 manual, latest edition.

G1-2a Introduction to information technology

Syllabus Basic terminology used in business informatics and data processing

Data, information, knowledge, presentation of information and figures

Structure and components of a computer system

Operating system (layers, memory and file management)

Software development

Business application systems: operational application systems (ERP), analytical application systems (business intelligence) and cross-sectional systems (CSCW, groupware and social software)

Data security (protection objectives, processes)

G1-2b MS Office exercises

Syllabus Excel (creating table formats, calculations using functions and formulae, data analysis methods, creating diagrams, data set management)

Basic concepts of databases; information and knowledge management

Access (creating tables and forms, connections and requests, searching for and filtering data)

G1-2c SAP – introductory exercises

Syllabus Introduction to standard business administration software

Basic concepts and features of modern ERP systems

Practical exercises using an SAP training system

Overview of how SAP is used at the Bundesbank



Financial mathematics and statistics: an introduction


Code G1-3


Foundation course


ECTS credits 3 ECTS


Teaching methods Lectures, exercises, independent study


Professor Annabelle Kehl-Beckmann

Academic objectives Students will master the fundamentals of financial mathematics and its application in banking operations. They will understand the financial mathematics content of cen-tral-bank-specific measures and of the monetary policy procedures of the ESCB, and will be able to use the methods acquired to complete typical tasks relating to these procedures. Moreover, students will understand the objectives of and typical prob-lems relating to statistics, will gain an overview of fundamental data collection and processing methods and will recognise the importance of statistics for central banks. Students will also master the methods of presenting descriptive statistics, calculating and interpreting characteristic key figures of unidimensional distributions, the funda-mentals of probability theory and combinatorics and the use of fundamental theoreti-cal distributions.

Preliminary reading Fahrmeir, Künstler, Pigeot, Tutz: Statistik: Der Weg zur Datenanalyse, Springer, Berlin Heidelberg New York , latest edition. J Tietze: Einführung in die Finanzmathematik, latest edition. G Bamberg et al, Statistik, latest edition. Supplementary reading: T Heidorn: Finanzmathematik in der Bankpraxis, latest edition. K Bosch: Elementare Einführung in die angewandte Statistik, latest edition. G Bourier: Beschreibende Statistik, latest edition.

G1-3a Financial mathematics I

Syllabus General mathematical foundations

Calculating interest and compound interest using banking-related examples

Calculating pensions and annuities using banking-related examples

Intra-year interest rate and yield calculations

Present value concept

G1-3b Statistics I

Syllabus Tasks and objectives of statistics, statistical agencies

Basic concepts of statistics

Types and forms of data collection; processing data material

Location parameters and dispersion measures of distributions

Combinatorics

Introduction to probability theory



Module Introduction to business administration Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code G2


Foundation course

Type Mandatory module; quantitative content around 50%, English-language content around 10%, legal content around 16%

ECTS credits 8 ECTS




Written exam, covering tasks from module components G2-1 and G2-2 180 minutes (0)

Prerequisites ---

(Potentially) followed by

A2 Business administration: deepening of knowledge V4 Organisation, human resources management and contract management W4 Managing people and organisations in changing contexts



Management of operational resources


Code G2-1


Foundation course


ECTS credits 4 ECTS




Professor Nicole Jung

Academic objectives Students will be able to describe problems relating to operational resource man-agement using the appropriate terminology and solve such problems. They will gain an overview of operational functions, their interconnections and the underlying is-sues regarding decision-making and be able to apply business administration meth-ods to them.

Preliminary reading G Wöhe, U Döring: Einführung in die allgemeine Betriebswirtschaftslehre, Munich: Vahlen, latest edition. D Vahs, J Schäfer-Kunz: Einführung in die Betriebswirtschaftslehre, Stuttgart: Schäf-fer-Poeschel, latest edition. C Homburg, H Krohmer: Grundlagen des Marketingmanagements, Wiesbaden: Gabler, latest edition. Supplementary reading: G Bamberg, A G Coenenberg: Betriebswirtschaftliche Entscheidungslehre, Munich: Vahlen, latest edition. H Jung: Allgemeine Betriebswirtschaftslehre, Munich: Oldenbourg, latest edition. M Schweitzer: Einleitung: Grundfragen, in: F X Bea, Allgemeine Betriebswirtschafts-lehre, Volume 1, Stuttgart: Lucius & Lucius, latest edition.

G2-1a Introduction to business administration

Syllabus Introduction to general business administration

Operational target systems and strategies

Fundamentals of decision-making theory and operations research

Constitutive operational decisions

G2-1b Business administration in key operational functions

Syllabus Decision-making in procurement

Decision-making in production

Decision-making in marketing




Bookkeeping, cost accounting and financial statements


Code G2-2


Foundation course


ECTS credits 4 ECTS




Professor Anke Lenk

Academic objectives This module covers accounting tasks in general and bookkeeping tasks in particular. Students will learn double-entry bookkeeping as well as how to make entries in stock accounts and profit and loss accounts. They will practise and gain a greater under-standing of double-entry bookkeeping on the basis of selected transactions by indus-trial enterprises and credit institutions. The lectures will provide an initial insight into the accounting, and in particular the financial statements, of industrial enterprises, credit institutions and the Deutsche Bundesbank. Students will learn about the com-monly used cost accounting systems and will practise and apply their knowledge in a wide range of practical exercises and examples.

Preliminary reading Coenenberg et al: Jahresabschluss und Jahresabschlussanalyse, latest edition. Deutsche Bundesbank: Grundsätze zur Rechnungslegung der Deutschen Bundes-bank, latest edition. D Schuster: Rechnungswesen und Controlling der Kreditinstitute, latest edition. J Weber, B Weißenberger: Einführung in das Rechnungswesen, latest edition. G Wöhe et al: Einführung in die Allgemeine BWL, latest edition. J Wüstemann: Buchführung case by case, latest edition.

G2-2a Introduction to double-entry bookkeeping and financial statements

Syllabus Introduction to the (legal) basis of bookkeeping and financial statements

Inventories and stocktaking

Generally accepted accounting principles

Fundamentals and techniques of double-entry bookkeeping

Booking selected transactions

G2-2b Accounting structure at credit institutions and the Deutsche Bundesbank

Syllabus Legal basis; organisation and entry processes

Entries for credit institutions' lending and deposit business

Insight into the preparation of credit institutions' financial statements

Accounting structure at the Deutsche Bundesbank

G2-2c Introduction to cost and performance accounting

Syllabus Fundamentals of cost accounting

Cost-type, cost-centre, cost-unit accounting as full-cost accounting

Revenue and expenditure accounting


Module Introduction to the banking industry Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code G3


Foundation course


ECTS credits 8 ECTS




Written exam; covering tasks from module components G3-1 and G3-2 180 minutes (50)

Prerequisites ---

(Potentially) followed by A3 Payment transactions A4 Credit and banking supervision A5 Monetary economics (EN) V4 Organisation, human resources management and contract management




Structure of the banking system and fundamentals of the banking in-dustry


Code G3-1


Foundation course


ECTS credits 4 ECTS


Teaching methods Lectures, independent study


Professor Andreas Igl

Academic objectives Students will understand the fundamentals of credit institutions' lending and deposit business, the settlement of their transactions and those of their customers, as well as the most important underlying legal relationships and framework between cus-tomers, credit institutions and banking supervisors. In this context, students will learn about account management, deposit business and payment transactions, fund and asset investments, lending and cross-border transactions. Moreover, they will gain an overview of the structure and functioning of the banking sector and of de-posit guarantee schemes in Germany.

Preliminary reading Hartmann-Wendels, T., u.a.: Bankbetriebslehre, latest edition. Supplementary reading: Büschgen, H.E., u.a.: Bankbetriebslehre, latest edition. Cecchetti, S.G./ Schoenholtz, K.L.: Money, Banking and Financial Markets, latest edition. Ettmann, B./Wolff, K./Wurm, G: Kompaktwissen Bankbetriebslehre, latest edition. Grill, H./Perczynski, H.: Wirtschaftslehre des Kreditwesens, latest edition.

Syllabus Functions of banks in an economy

Selected legal framework of the banking industry

Business models, strategy / targets, banking policy, accreditation

Market overview: Germany / EU / world

Account management and Balance sheet and Profit & Loss

Introduction into banking supervision and supervisory structure

Governance in Institutes und Institute groups

Lending business: lending and loan types

Deposit taking business

Brokerage + Foreign business

Clients + Marketing

Special topics (FinTech, Brexit, Climate risks)

.



Introduction to Central Banking (EN)


Code G3-2


Foundation course


ECTS credits 4 ECTS


Teaching methods Lectures, seminars, independent study


Uwe Schollmeyer

Academic objectives The students will learn about the organisation, structure and objectives of the Eu-rosystem and the ECB. They will acquire detailed knowledge of monetary policy instruments, in particular regarding the function and effects of these instruments, counterparties and collateral. Furthermore, they will be able to present the Deutsche Bundesbank's view on the use of individual instruments and to defend against criti-cism. The main language of instruction and examination of this course is English.

Preliminary reading ECB: The implementation of monetary policy in the euro area: General documenta-tion on Eurosystem monetary policy instruments and procedures, latest edition. Supplementary reading: ECB: The monetary policy of the ECB, latest edition. H K Scheller: The European Central Bank – history, role and functions, latest edi-tion.

G3-2a Central banks: structure, organisation, functions and institutional framework

Syllabus EMU, the ECB and the euro

Central banking in EMU: legal, institutional and organisational aspects

The Treaty of Maastricht (convergence criteria, excessive deficit procedures)

G3-2b The role of the national central banks in the Eurosystem

Syllabus The role of the national central banks in the Eurosystem and the European Systemic Risk Board (ESRB)

Deutsche Bundesbank: history, role and functions

G3-2c The monetary policy instruments of the Eurosystem

Syllabus The monetary policy framework

Open market operations, standing facilities, procedures and tenders

Eligible counterparties, eligible assets and minimum reserves



Module Introduction to the legal system: Basic Law, Civil Code and Commer-cial Code


Code G4


Foundation course

Type Mandatory module; quantitative content 0%, English-language content 0%, legal content 100%

ECTS credits 5 ECTS




Written exam; 120 minutes (0)

Teaching methods Lectures, group work, exercises, independent study


Hans Friedrich Paul

Prerequisites ---

(Potentially) followed by A3 Payment transactions A4 Credit and banking supervision V4 Organisation, human resources management and contract management

Academic objectives Students will understand the fundamentals of our legal system. They will have knowledge of legal sources and be able to develop criteria to determine whether these pertain to public or civil law. They will be able to describe the protective effects of the Basic Law, the national objectives and government bodies anchored therein, as well as their mandate and functioning; they will also be able to distinguish be-tween a state and other types of society. Moreover, they will understand the oppor-tunities for citizens to play a role in various regional or local authorities. In addition, students will understand the fundamentals of the Civil Code, the Commercial Code and company law. They will have the ability to analyse problems relating in particular to contract law and company law, to develop solutions to case studies and present these. They will know how to defend their solutions against criticism using legal ar-guments and be able to develop alternative solutions. Students will be capable of using the available textbooks to acquire knowledge independently.

Preliminary reading W Kallwass and P Abels: Privatrecht, Munich, latest edition. A Katz: Staatsrecht: Grundkurs im öffentlichen Recht (Jurathek Studium), latest edi-tion.

G4a Fundamentals of political science and German constitutional law

Syllabus Legal sources

Concept, features and types of state

Fundamental rights and organisation of the state pursuant to the Basic Law

G4b Fundamentals of civil law

Syllabus Introduction to the German legal system

Introduction to civil law (contract law, legal obligations and property law)

G4c Fundamentals of commercial and company law

Syllabus Introduction to commercial law (commercial undertakings and intermediaries)

Introduction to company law (definition of company, partnership, corporation and cooperatives)


Module Principles of economics (EN) Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code G5


Foundation course


ECTS credits 5 ECTS




Written exam; 120 minutes (50)




Prerequisites ---

(Potentially) followed by A5 Monetary economics (EN)

Academic objectives Students will understand the principles and methodologies of economics and will be able to explain and assess the benefits and limitations of models used for economic analysis. They will understand the basic principles of economic activity, the differ-ences between micro and macroeconomic analysis and will acquire the tools neces-sary to analyse and interpret economic trends, including problems related to mone-tary economics. The main language of instruction and examination of this course is English.

Preliminary reading N G Mankiw, M P Taylor: Economics, latest edition. N G Mankiw: Macroeconomics, latest edition.

G5a Basic concepts (EN)

Syllabus Basic principles

Markets and governments

G5b Microeconomics (EN)

Syllabus Theory of consumer choice

Company behaviour and industrial organisation

Markets for the factors of production

Economics of labour markets

Income inequality

G5c Macroeconomics (EN)

Syllabus Aggregate supply and demand

Measuring economic activity

Business fluctuations

Economic growth



2.2 Advanced study

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

P1 Foundation

course P1

Advanced study

P2 In-depth study 1

Practical study 3

In-depth study 2



(45-minute teaching ses-

sions)

Workload (number of

hours)

Examination Preparation time

(percentage of English)

A1: Quantitative methods (Mandatory module)


180 minutes

A1-1: Information technology: management and processes

3 56 90

A1-2: Financial mathematics and statistics: deepening of knowledge

3 56 90

A2: Business administration: deepening of knowledge (Mandatory module)


180 minutes

(50)

A2-1: Single-entity and consolidated financial statements, IFRS

4 72 120

A2-2: Theory of corporate finance (EN) 3 58 90

A3: Payment transactions (Mandatory module)


180 minutes

A4: Credit and banking supervision (Mandatory module)


180 minutes

A4-1: Lending business and loan collateral 4 74 120

A4-2: Fundamentals of banking and financial services supervision

5 96 150

A5: Monetary economics (EN) (Mandatory module)


120 minutes (70)

Total 33 610 990 5 module ex-ams


^

Module Quantitative methods Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code A1


Advanced study


ECTS credits 6 ECTS




Written exam; covering tasks from module components A1-1 and A1-2 180 minutes (0)

Prerequisites G1 Methodological foundations

(Potentially) followed by V2 Analysis of financial statements and financial instruments V3 Financial markets and international economics (EN) V5 Banking, securities and insurance supervision W5 Financial Econometrics W6 Process and project management



Module component of A1

Information technology: management and processes


Code A1-1


Advanced study


ECTS credits 3 ECTS


Teaching methods Lectures (sometimes using PCs), exercises, independent study


Professor Giselher Pankratz

Academic objectives Students will become proficient in using standard workstation software applications. This includes

basic functions of workflow management using Lotus Notes, and

the use of VBA in Excel to solve practical quantitative problems. After completing the module, students will understand the theoretical foundations of IT management and have basic knowledge of system analysis as well as of process and project management. Beyond this, students will be familiar with basic IT security management issues.

Preliminary reading K C Laudon et al: Wirtschaftsinformatik, latest edition. Supplementary reading: H Krcmar: Einführung in das Informationsmanagement, latest edition. I Sommerville: Software Engineering, latest edition. M Kofler et al: Excel 2007 programmieren, latest edition.

A1-1a Business administration application systems

Syllabus Introduction to programming

Practical programming examples using VBA

Business administration applications using VBA

Introduction to workflow management using Lotus Notes

A1-1b Introduction to IT and project management

Syllabus Introduction to project management (including terminology and definitions relat-ing to project organisation, project definition, phases and life cycle)

Introduction to IT management (objectives, tasks, instruments)

Theoretical foundations of process and system analysis (including application exercises)

Introduction to IT security management



Financial mathematics and statistics: deepening of knowledge


Code A1-2


Advanced study


ECTS credits 3 ECTS


Teaching methods Lectures, independent study, group work


Professor Annabelle Kehl-Beckmann

Academic objectives Students will acquire an in-depth understanding of the content, structure and func-tioning of securities, financial instruments and foreign exchange in terms of financial mathematics. They will be capable of performing independent, methodologically sound analyses and valuations of such instruments and will be able to take on an active role in projects relating to portfolio management, capital markets and corpo-rate finance. Students will grasp the issues of relevance to central banks with regard to measures of concentrations, analysis of time series and multi-dimensional distri-butions, as well as the processes for calculating indices. They will master regression and seasonal adjustment techniques as well as fundamental statistical estimation and test methods.

Preliminary reading L Fahrmeir, R Künstler, I Pigeot, G Tutz: Statistik: Der Weg zur Datenanalyse, Springer, Berlin Heidelberg New York, latest edition. J C Hull: Optionen, Futures u. andere Derivate, latest edition. K Bosch: Elementare Einführung in die angewandte Statistik, latest edition. Supplementary reading: T Heidorn: Finanzmathematik in der Bankpraxis, latest edition. A Klenke: Wahrscheinlichkeitstheorie, latest edition. G Bamberg et al: Statistik, latest edition. J Franke et al: Statistics of Financial Markets, latest edition.

A1-2a Financial mathematics II

Syllabus Value at risk and risk measures

Calculating effective interest rates for cash securities, fixed-income securities and other structured products

Introduction to equity analysis

Introduction to option pricing theory

Analysis and valuation of selected financial derivatives

A1-2b Statistics II

Syllabus Measures of concentration

Simple and composite indices

Ratios for multi-dimensional distributions

Correlation and statistical independence

Regression equations

Simple forecasting methods

Seasonal adjustment methods

Statistical test and estimation methods



Module Business administration: deepening of knowledge Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code A2


Advanced study


ECTS credits 7 ECTS





Prerequisites G1 Methodological foundations G2 Introduction to business administration

(Potentially) followed by V1 Bank and central bank management V2 Analysis of financial statements and financial instruments V5 Banking, securities and insurance supervision W2 Case studies on financial supervision



Single-entity and consolidated financial statements, IFRS


Code A2-1


Advanced study


ECTS credits 4 ECTS




Professor Anke Lenk

Academic objectives Students will gain an overview of the accounting requirements for credit institutions and other business enterprises in accordance with the German Commercial Code and IAS/IFRS, both for single-entity and consolidated financial statements. They will master the key balance sheet recognition, valuation and disclosure requirements under the German Commercial Code (Handelsgesetzbuch or HGB) and IAS/IFRS, the differences between them, and how to apply them. They will understand how reporting an item in the balance sheet impacts on other parts of the financial state-ment and will be able to understand and apply the consolidation measures used in group accounting.

Preliminary reading H Bieg: Bankbilanzierung nach HGB und IFRS, latest edition. A G Coenenberg: Jahresabschluss und Jahresabschlussanalyse, latest edition. K Küting, C Weber: Der Konzernabschluss, latest edition. B Pellens et al: Internationale Rechnungslegung, latest edition. P Scharpf, M Schaber: Handbuch Bankbilanz, latest edition. A Wagenhofer: Internationale Rechnungslegungsstandards – IAS/IFRS, latest editi-on.

A2-1a Commercial and tax-law-based financial statements

Syllabus Objectives and purposes of financial statements

The relationship between commercial and tax balance sheets

Principles of proper accounting

Balance sheet disclosure, recognition and valuation requirements (mandatory, prohibited and optional items) and how they are reflected in the profit and loss account and notes

A2-1b Financial statements according to IFRS and group accounting

Syllabus Objectives and purposes of financial statements according to IFRS

Recognition and valuation requirements for selected balance sheet items in IFRS financial statements

Disclosure requirements according to IFRS

Introduction to consolidated financial statements

Basis, definition and methods of consolidation pursuant to the German Com-mercial Code and IAS/IFRS

A2-1c Financial statements of credit institutions

Syllabus Recognition and valuation requirements pursuant to the German Commer-cial Code (including the Regulation on the Accounting of Credit Institutions (Verordnung über die Rechnungslegung der Kreditinstitute) for selected items in credit institutions’ financial statements

Recognition and valuation requirements pursuant to IFRS for selected items in credit institutions’ financial statements

Disclosure requirements pursuant to the German Commercial Code and IFRS




Corporate finance (EN)


Code A2-2


Advanced study


ECTS credits 3 ECTS


Teaching methods Lectures, independent study, analysing case studies in groups


Professor Beate Jüttner-Nauroth

Academic objectives Students will gain an overview of a wide range of issues of potential relevance to the financing and investment policies of businesses. They will understand the various financing alternatives and be able to critically assess them. They will be able to as-sess the application conditions and limitations of the models covered (including port-folio efficiency, capital asset pricing and optimal leverage ratio), in order to correctly interpret model results. Students will also be capable of applying their theoretical knowledge of the methods and specialist subject matter to practice-related tasks. The main language of instruction and examination of this course is English.

Preliminary reading S Benninga: Financial Modeling, latest edition.

R A Brealey et al: Principles of Corporate Finance, latest edition.

Supplementary reading: P O Christensen et al: Economics of Accounting, Volume I: Information in Markets, latest edition. S Trautmann: Investitionen, latest edition.

Syllabus Financial planning

Debt and equity financing, mezzanine capital

Making investment decisions using the net present value rule

Valuing bonds and stocks

Portfolio diversification

CAPM, efficient market

Payout policy and capital structure

Cost of (equity) capital

Mergers, corporate control and governance


Module Payment transactions Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code A3


Advanced study


ECTS credits 6 ECTS




Written exam 180 minutes (0)



Uwe Schollmeyer

Prerequisites G3 Introduction to the banking industry G4 Introduction to the legal system: Basic Law, Civil Code and Commercial Code

(Potentially) followed by V1 Bank and central bank management V3 Financial markets and international economics (EN) W3 Case studies on payment transactions

Academic objectives Students will gain an understanding of account management at the Deutsche Bun-desbank and have an overview of the structure of a bank account, the key account types, the legal problems of terminating an account and those relating to banking secrecy and the disclosure of bank account information. They will understand the structure of payment systems (gross and net settlement, large-value and retail pay-ment systems), securities settlement infrastructures (central counterparties, central custodians, trade reporting offices) and the most important cashless payment in-struments (credit transfer, direct debit, payment cards).

Preliminary reading Berndsen, R.J.: Financial Market Infrastructures an Payments, e-book, 2018 European Central Bank: The Payment System, Frankfurt am Main, 2010. W Grill, H Perczynski, H Grill: Wirtschaftslehre des Kreditwesens, latest edition. Verbeck, D.: Einführung in die Bargeldökonomie der Bundesrepublik Deutschland, Stuttgart, 2017

A3a Cash and cashless payment instruments

Syllabus Definition of cash and cashless payments

Legal basis of cash and cashless transactions

A3b Account and portfolio management and prevention and control of money laundering and terrorism financing

Syllabus Bank account, bank secrecy and bank inquiry

Account and portfolio management at Deutsche Bundesbank

Money Laundering Act (Geldwäschegesetz) including covenants

A3c Infrastructure of Financial Markets

Syllabus Liquidity and risks in inter-bank payment transactions

European and international settlement of payment and security settlement sys-tems, innovations in the sector of financial infrastructures

Management of monetary policy securities in the Eurosystem

Supervision of financial market infrastructure and payment systems

A3d Cash logistics

Syllabus Concepts of logistics,

Cash cycle,

Managing branch cash offices

Cash planning and supply

A3e Cash and cashless payment organization of central banks

Syllabus Corporate strategy and role of central banks in payment transactions

Types of money supply, monitoring of cash recycling

Emergency planning, business continuity

Branches and gold deposits of selected central banks



Module Credit and banking supervision Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code A4


Advanced study


ECTS credits 9 ECTS





Prerequisites G3 Introduction to the banking industry G4 Introduction to the legal system: Basic Law, Civil Code and Commercial Code

(Potentially) followed by V1 Bank and central bank management V2 Analysis of financial statements and financial instruments V3-2 International economics and international governance (EN) V4 Organisation, human resources management and contract management V5 Banking, securities and insurance supervision W2 Case studies on financial supervision



Lending business and loan collateral


Code A4-1


Advanced study

Type Module component; quantitative content 15%, English-language content10%, legal content 50%

ECTS credits 4 ECTS





Academic objectives Students will gain an understanding of the structure and possible uses of traditional financial products (including types of loan, placement of securities) in banks' lending business. They will have knowledge of the major credit substitutes (including loans on credit, leasing, factoring, forfaiting, ABS) and hybrid financial instruments (includ-ing subordinated loans, participation certificates) and their possible uses at non-bank institutions. Students will acquire an overview of the key legal issues relating to lending business. They will be able to assess the nature and structure of loan collat-eral (personal guarantees and physical collateral) as well as their advantages and disadvantages.

Preliminary reading M Schulte et al: Die Praxis des Kreditgeschäfts, latest edition. C P Claussen: Bank- und Börsenrecht, latest edition. Supplementary reading: R A Brealey et al: Principles of Corporate Finance, latest edition. C Henking, C Bluhm, L Fahrmeier: Kreditrisikomessung – Statistische Grundlagen, Methoden und Modellierung, latest edition. B Rudolph, B Hofmann, A Schaber, K Schäfer: Kreditrisikotransfer – Moderne In-strumente und Methoden, latest edition.

A4-1a Traditional lending business

Syllabus Definition of credit, credit risks, Banking Act provisions on lending business

Borrowing potential and creditworthiness

Long, medium and short-term money lending operations, loans on credit opera-tions

Credit monitoring, auditing and organisation pursuant to MaRisk

Loan collateral from a banking operations perspective

A4-1b Credit substitutes and hybrid financing instruments

Syllabus Overview of types of financing instruments

Leasing, factoring, forfaiting

Asset-backed securities (true sale and synthetic securitisation)

Corporate finance (including placement facilities)

Mezzanine financing instruments

Special forms of corporate financing

Introduction to credit risk measurement

A4-1c Loan agreements and loan collateral

Syllabus Legal issues relating to the lending business

Concluding credit agreements

Duty of credit institutions to advise and provide information

Interest claim and other key contractual elements, notice of withdrawal of credit

Consumer loans and other key types of loan Legal aspects of loan collateral

Types and legal differences

Surety and guarantee, joint liability and letter of comfort

Liens, collateral transfer, security assignment

Mortgages on property, in particular land charges serving as collateral




Fundamentals of banking and financial services supervision


Code A4-2


Advanced study


ECTS credits 5 ECTS

Academic workload 150 hours, of which 72 contact hours 96x45-minute teaching sessions) and 78 hours of independent study



Professor Christoph Schmidhammer

Academic objectives Students will learn the core objectives and the organisation of banking supervision in Germany. They will understand the division of labour between the supervisory insti-tutions and will be familiar with the concessions and requirements vis-à-vis institu-tions as part of ongoing supervision as well as with measures taken in special cases. They will have an overview of standard methods for calculating own funds and the instruments of the risk-based supervisory approach, in particular the Minimum Re-quirements for Risk Management of credit institutions. In addition, they will know the generally applicable rules concerning government administrative actions.

Preliminary reading H Bieg et al: Bankenaufsicht in Theorie und Praxis, latest edition. J De Haan, S Oosterloo, D Schoenmaker: European Financial Markets and Institu-tions, Cambridge University Press et al, latest edition. H-P Burghof, B Rudolph: Bankenaufsicht: Theorie und Praxis der Regulierung, Wiesbaden, latest edition. G-Ch v Unruh et al: Grundkurs Öffentliches Recht, latest edition. S Grieser, M Heemann (eds): Bankaufsichtsrecht: Entwicklungen und Perspektiven, Frankfurt am Main, latest edition. S Grieser, M Heemann (eds): Bankenaufsicht nach der Finanzmarktkrise, Frankfurt am Main, latest edition. R Hannemann et al: Mindestanforderungen an das Risikomanagement, latest editi-on. E Keller: Der Grundsatz I der Bankenaufsicht, Stuttgart, latest edition.

A4-2a Introduction to financial services supervision

Syllabus Core objectives and organisation of banking supervision in Germany and Eu-rope

BaFin tasks and sharing of tasks with the Bundesbank

Banking business and financial services

Simple approaches for determining minimum capital requirements for credit, market and operational risk

Components of institutions’ capital

A4-2b Ongoing supervision of institutions

Syllabus Granting of authorisation for institutions to conduct business operations

Ongoing supervision of institutions (monthly returns, financial statements, in-spection reports, reporting systems, inspections pursuant to section 44 of the Banking Act)

Measures (including in special cases) and resolution of an institution

Banking Act provisions on lending business (definition of credit, group of con-nected clients, large exposures, loans of €1.5 million or more, loans to governing and related bodies, including the Large Exposures Regulation (Großkredit- und Millionenkreditverordnung))

Overview of the risk-based supervisory approach (risk profile, risk classification, MaRisk provisions, international framework of the SRP)

A4-2c Fundamentals of administrative law

Syllabus Government administrative actions and administrative acts

Administrative regulations and measures in banking and financial services su-pervision

Protest procedure, administrative claim


Module Monetary economics (EN) Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code A5


Advanced study


ECTS credits 5 ECTS




Written exam 120 minutes (50)

Teaching methods Lectures, seminars, independent study


Professor Lilli Zimmermann

Prerequisites G3 Introduction to the banking industry G5 Principles of economics (EN)

(Potentially) followed by V3 Financial markets and international economics (EN) W1 Case studies on monetary policy and financial stability (EN)

Academic objectives Students will be able to explain the Eurosystem's monetary policy strategy and de-fend it against criticism. They will understand the monetary policy transmission mechanism, the issue of inflation, the links with the real economy and the reasons and objectives behind monetary policy decisions in the Eurosystem. Students will be able to classify monetary policy decisions of other central banks. The main lan-guage of instruction and examination of this course is English.

Preliminary reading P Bull: The development of statistics for economic and monetary union (Part A, pp 19-74) (www.ecb.int/pub/pdf/other/developmentstatisticsemu200406en.pdf). N G Mankiw, P Taylor: Economics, latest edition. N G Mankiw: Macroeconomics, latest edition. F S Mishkin: The Economics of Money, Banking, and Financial Markets, latest edi-tion. P De Grauwe: Economics of Monetary Union, latest edition. E Görgens, K Ruckriegel, F Seitz: Europäische Geldpolitik, latest edition.

A5a Macroeconomic basics of financial markets and monetary policy (EN)

Syllabus Understanding interest rates

The stock market, the theory of rational expectations, and the efficient market hypothesis

The demand for money

The ISLM model

Monetary and fiscal policy in the ISLM model

Aggregate demand and supply analysis

Transmissions of monetary policy: the evidence

Rational expectations: implications for policy

The economic and financial structure of the euro area

A5b Central banking and the conduct of monetary policy (EN)

Syllabus What is money?

Central banks: a global perspective

The money supply process

The tools of monetary policy

Strategy and tactics

Money and inflation

Statistical concept: consolidated balance sheet of the euro-area MFI sector

ECB monetary policy strategy: monetary analysis

ECB monetary policy strategy: economic analysis

Recent implementation of monetary policy in the euro area (



2.3 In-depth study 1

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

P1 Foundation

course P1

Advanced study

P2 In-depth study 1 Practical study 3

In-depth study 2

BT Practical study

4



sions)

Workload (number of

hours )


V1: Bank and central bank management

(Mandatory module; elective module for students of BaFin)


180 minutes

V1-1: Bank management and risk manage-ment

4 70 120

V1-2: Central bank management and com-munication

4 70 120

V2: Analysis of financial statements and financial instruments (Mandatory module)


180 minutes (40)

V2-1: Analysis of financial statements 4 70 120

V2-2: Valuation and risk analysis of derivative financial instruments

4 70 120

V3: Financial markets and international eco-nomics (EN) (Elective module)

8 140 240 Presentation incl. seminar paper (40) V3-1: Securities and foreign exchange trans-

actions, international financial markets 3 50 90

V3-2: International economics and interna-tional governance (EN)

5 90 150

V4: Organisation, human resources manage-ment and contract management (Elective module)

8 140 240 Presentation incl. seminar paper

V4-1: Organisation and human resources 5 78 150

V4-2: Corporate law, contract management and claims management

3 62 90

V5: Banking, securities and insurance super-vision (Elective module for students of Deutsche Bundesbank; mandatory module for students of BaFin)


180 minutes

(40)

V5-1: Basel Capital Accord 5 90 150

V5-2: Securities and insurance supervision 3 50 90

V6: Digital Transformation und advanced analytics (Elective Module)

8 140 240 Presentation incl. seminar paper (40)

V6-1: Leadership and Governance of digital transformation

2 34 65,5

V6-2: Analytical methods und artificial intelligence

4 70 112,5

V6-3: Lecture series/Projects 2 36 62

Total: 4 out of 6 modules 32 560 960 4 module exams


Module Bank and central bank management Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code V1


In-depth study 1

Type Mandatory module; electable module for students of BaFin quantitative content 75%, English-language content 10%, legal content 5%

ECTS credits 8 ECTS




Written exam; covering tasks from module components V1-1 and V1-2 180 minutes (0)

Prerequisites A2 Business administration: deepening of knowledge A3 Payment transactions A4 Credit and banking supervision

(Potentially) followed by W2 Case studies on financial supervision W6 Process and project management



Module component of V1

Bank management and risk management


Code V1-1


In-depth study 1


ECTS credits 4 ECTS


Teaching methods Lectures, independent study, group work, role-playing simulation



Academic objectives Students will be able to understand the key instruments and methods used by com-mercial banks to control profitability and risk, to calculate these and apply them in a bank simulation game. They will recognise the importance of an interdisciplinary, interconnected approach for achieving profitable, entrepreneurial results. They will gain an overview of operational and organisational structures, which facilitate effi-cient overall bank management and will be familiar with the methods of risk-adjusted capital allocation. The students will be able to assess interdependencies between the individual risks (correlation and diversification effects), to estimate the volume and quality of own funds required to cushion against risks (ICAAP) and to evaluate the qualitative processes which reveal the potential financial implications of unfa-vourable conditions (including stress tests).

Preliminary reading B Rolfes: Gesamtbanksteuerung, latest edition. Supplementary reading: H Schierenbeck: Ertragsorientiertes Bankmanagement, Vol 1, Vol 2, Vol 3. Latest edition in each case. C Matten: Managing Bank Capital, latest edition.

V1-1a Overall bank management and risk control

Syllabus Market interest rate method (basic concept and practice models)

Calculating risk and operating costs

ROI analysis and hierarchy of ROI ratios

Target variables and competitive strategies of profitability management

Risk measurement using internal risk models

Risk/opportunity calculation and internal capacity adequacy

Quantifying and managing counterparty credit risk

Quantifying and managing market risk (interest risk, equity risk)

Earnings-based risk capital allocation for integrated risk/reward management

Fundamentals of the internal capital adequacy assessment process (ICAAP)

V1-1b Bank simulation game

Syllabus Applying selected methods of overall bank management in a close-to-reality simulation game



Central bank management and communication


Code V1-2


In-depth study 1


ECTS credits 4 ECTS


Teaching methods Lectures, group work, independent study


Professor Anke Lenk

Academic objectives Students will gain an overview of the following support functions in central banks, including the relevant legal basis: controlling, auditing and communication. They will be able to describe and assess the key controlling instruments at the Deutsche Bun-desbank and the features of the Bundesbank's internal management and control system. They will furthermore be familiar with the guiding principles behind the ex-ternal and internal communication policies of the ESCB and the Deutsche Bundes-bank, and will be able to apply these in current communication projects. Moreover, students will be able to establish links between these support functions and the Bun-desbank's core business areas.

Preliminary reading U Buchholz, S Knorre: Grundlagen der internen Unternehmenskommunikation, Ber-lin, latest edition. R Ewert, A Wagenhofer: Interne Unternehmensrechnung, Berlin, latest edition. C-C Freidank, V H Peemöller: Kompendium der Internen Revision - Internal Auditing in Wissenschaft und Praxis, Berlin, latest edition. D G Herbst: Rede mit mir. Warum interne Kommunikation für Mitarbeitende so wich-tig ist und wie sie funktionieren könnte, Berlin, latest edition. V H Peemöller, J Kregel: Grundlagen der Internen Revision – Standards, Aufbau und Führung, Berlin, latest edition. B Rolfes: Gesamtbanksteuerung, latest edition. J Weber, U Schäffer: Einführung in das Controlling, Stuttgart, latest edition. J Weber, B Weißenberger: Einführung in das Rechnungswesen, Stuttgart, latest edition.

V1-2a Internal central bank management

Syllabus General introduction to controlling

Definition of full and partial cost systems, in particular presentation of selected instruments

Tasks and objectives of controlling at central banks

Key controlling instruments at central banks

Operational and strategic controlling at the Deutsche Bundesbank

Staff controlling (operational statistics and standard procedures)

Controlling in the Eurosystem

Risk management and business continuity planning

V1-2b Audits and inspections at central banks

Syllabus The internal management and control system as a basic operational function

Guidelines for internal audits, methods and instruments

Structure of internal audits at the Bundesbank

Cooperation within the ESCB, with the Federal Court of Auditors and external auditors

V1-2c External and internal communication at central banks

Syllabus Strategic marketing communication for (financial) services

Guiding principles of communication at central banks: transparency and ac-countability

External communication strategies and projects of the ESCB and the Bundes-bank

Internal communication policy of the Bundesbank



Module Analysis of financial statements and financial instruments Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code V2


In-depth study 1

Type Elective module; quantitative content 90%, English-language content 25%, legal content 25%

ECTS credits 8 ECTS





Prerequisites A1 Quantitative methods A2 Business administration: deepening of knowledge

(Potentially) followed by A4 Credit and banking supervision W1 Case studies on monetary policy and financial stability (EN) W2 Case studies on financial supervision W3 Case studies on payment and financial market infrastructure W5 Financial Econometrics



Analysis of financial statements


Code V2-1


In-depth study 1


ECTS credits 4 ECTS




Professor Andreas Kremer

Academic objectives Students will be able to assess the assets and liabilities, financial position and profit-ability of enterprises and credit institutions on the basis of financial statements. They will be familiar with the Deutsche Bundesbank's credit assessment system for busi-ness enterprises and will be able to prepare, explain and interpret the Eurosystem's weekly financial statement and the financial statements of the Bundesbank and the European Central Bank.

Preliminary reading Coenenberg et al: Jahresabschluss und Jahresabschlussanalyse, latest edition. K Küting et al: Die Bilanzanalyse, latest edition. H Bieg: Bankbilanzierung nach HGB und IFRS, latest edition. J Krumnow et al (eds): Rechnungslegung der Kreditinstitute, latest edition.

Supplementary reading: S H Penman: Financial Statement Analysis and Security Valuation, latest edition. S G Ryan: Financial Instruments and Institutions, latest edition.

V2-1a Financial analysis of business enterprises

Syllabus Information needs of readers of the financial statements

Analysis of key figures

Credit assessment of business enterprises by the Deutsche Bundesbank

V2-1b Analysis of financial statements of credit institutions by the Deutsche Bundesbank

Syllabus Evaluation of financial statements of credit institutions as part of banking super-vision

Regulation on the Accounting of Credit Institutions (Verordnung über die Rech-nungslegung der Kreditinstitute)

Audit Report Regulation (Prüfungsberichtsverordnung)

V2-1c Analysis of the financial statements of the Deutsche Bundesbank and the European Central Bank

Syllabus Weekly financial statement of the Eurosystem:

Legal basis, layout and valuation rules

Purpose and informative value: the weekly financial statement as a reflection of the functions of a central bank

Bundesbank financial statement and ECB balance sheet:

Preparation guidelines

Valuation rules and accounting policies

Profit and loss account




Valuation and risk analysis of derivative financial instruments


Code V2-2


In-depth study 1


ECTS credits 4 ECTS




Professor Beate Jüttner-Nauroth

Academic objectives Students will gain an in-depth understanding of the financial instruments and deriva-tives relevant to the banking industry. Students will be familiar in particular with the structure and valuation of such financial instruments and the associated payment, profit and loss profiles. They will have an overview of the typical uses of these finan-cial instruments (hedging, arbitrage, speculation) and how payment profiles can be hedged using a combination of financial instruments. In addition, students will be able to apply commonly used fair valuation formulas to financial derivatives.

Preliminary reading J C Hull: Options, Futures, and Other Financial Derivatives, latest edition.

Supplementary reading: S Benninga: Financial Modeling, latest edition. S Neftci: An Introduction to the Mathematics of Financial Derivatives, latest edition. A Wiedemann: Financial Engineering, latest edition.

Syllabus Valuation and risk analysis

Calculation of forward and swap rates

Profit and loss profiles of derivative financial instruments

Valuation of forwards and futures on and prior to the expiration date

Valuation of swaps

Valuation of options (including sensitivities)

Valuation of interest rate and credit derivatives

Valuation of bonds with derivative components Exercises

Stripping of financial instruments

Financial engineering

Risk management using derivative financial instruments


Module Financial markets and international economics (EN) Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code V3


In-depth study 1

Type Elective module; quantitative content around 40%, English-language content 50%, legal content 25%

ECTS credits 8 ECTS


Examination date During the study stage

Mode of examination (percentage of English)

Presentation incl. seminar paper (40)

Prerequisites A1 Quantitative methods A3 Payment transactions A4 Credit and banking supervision A5 Monetary economics (EN)

(Potentially) followed by W1 Case studies on monetary policy and financial stability (EN) W3 Case studies on payment and financial market infrastructure W5 Financial Econometrics




Securities and foreign exchange transactions, international financial markets


Code V3-1


In-depth study 1


ECTS credits 3 ECTS




Professor Oliver Kruse

Academic objectives Students will gain an overview of the general conditions prevailing in the national and international financial markets. They will be able to distinguish between the vari-ous types of securities, analyse their risks and use the key market information sys-tems. They will have an overview of the forms of and procedures for national and international securities issuance as well the settlement, safe custody and manage-ment of securities. They will also understand the common investment strategies of both credit institutions and customers and will have an overview of the taxation of capital gains. Students will be familiar with the Bundesbank's securities and foreign exchange transactions, including management of the reserve assets and the civil servant pension funds, and will be able to apply the relevant legal provisions (securi-ties trading, investor protection).

Preliminary reading M Steiner, C Bruns: Wertpapiermanagement, latest edition. T Hartmann-Wendels et al: Bankbetriebslehre, latest edition. C P Claussen: Bank- und Börsenrecht, latest edition. Supplementary reading: P Buch-Heeb: Kapitalmarktrecht, latest edition. K Spremann et al: Zinsen, Anleihen, Kredite, latest edition. J C Hull: Risk Management and Financial Institutions, latest edition.

V3-1a Securities and capital markets law

Syllabus Securities: types, features and transfer

Securities transactions: exchange trading and over-the-counter (OTC) trading; investment advice

Capital markets law: stock exchange; investor protection

Underwriting business and syndicated lending

V3-1b Securities transactions and international financial markets

Syllabus Trading in conventional, special and derivative securities

General and product-specific investment risks; investment strategies

International financial markets, types/forms of trading, information systems

Issuance procedures; national and international settlement of securities

Taxation of capital gains

National and international clearing and settlement systems

Capital market statistics

V3-1c Foreign exchange market, foreign exchange market interventions and reserve as-sets

Syllabus Foreign exchange transactions from the perspective of commercial banks and the Bundesbank

Organisation and settlement of foreign exchange transactions at the Bundes-bank

Management of foreign reserves (national reserves and ECB reserves)

Setting euro reference exchange rates

Reporting on the foreign exchange market and exchange rate and gold price statistics



International economics and international governance (EN)


Code V3-2


In-depth study 1


ECTS credits 5 ECTS




Professor Tobias Körner

Academic objectives Students will gain an overview of the reasons for the emergence of foreign trade, will be able to gauge the implications of foreign trade ties for the domestic and the global economy and will be able to establish connections between real and monetary for-eign trade relations. In addition, they will be able to classify and analyse monetary systems based on their structural features. Moreover, students will have an overview of the Deutsche Bundesbank’s key statistical databases. The main language of in-struction and examination of this course is English.

Preliminary reading P R Krugman et al: International Economics, latest edition. N G Mankiw: Macroeconomics, latest edition. F S Mishkin: The Economics of Money, Banking, and Financial Markets, latest edi-tion. D Chalmers et al: European Union Law, latest edition. P De Grauwe: Economics of Monetary Union, 2009.

V3-2a International trade: theory and policy (EN)

Syllabus Labour productivity and comparative advantage

Specific factors and income distribution

Trade models, new trade theory

International trade policy instruments; political economy of trade policy (including the WTO)

V3-2b Exchange rates, open-economy macroeconomics and international macroeconomic policy (EN)

Syllabus National income accounting and the balance of payments

Exchange rates and the foreign exchange market

Money, interest rates and exchange rates

Price levels and the exchange rate

Output and the exchange rate

Fixed exchange rates and foreign exchange intervention

The international monetary system and macroeconomic coordination

Optimum currency areas; global capital market

V3-2c International and European governance (EN)

Syllabus Role of institutions, globalisation and governance

Financial stability governance (G20, FSB, Basel Committee)

EU governance (fiscal policy coordination, European Stability Mechanism)

V3-2d International statistical concepts (EN)

Syllabus Balance of payments and international investment position

System of national accounts (SNA); origin and use of domestic product, distribu-tion of national income

EMU and monetary aggregates (seasonally adjusted monetary indicators)

Cooperation on statistics in the ESCB



Module Organisation, human resources management and contract manage-ment


Code V4


In-depth study 1

Type Elective module; quantitative content around 10%, English-language content 10%, legal content 60%

ECTS credits 8 ECTS




Presentation incl. seminar paper (0)

Prerequisites G2 Introduction to business administration G3 Introduction to the banking industry G4 Introduction to the legal system: Basic Law, Civil Code and Commercial Code A4 Credit and banking supervision

(Potentially) followed by W4 Managing people and organisations in changing contexts



Organisation and human resources


Code V4-1


In-depth study 1


ECTS credits 5 ECTS





Academic objectives The students will be able to classify and analyse formal and informal organisational structures and processes of enterprises and develop proposals with respect to shap-ing these in a targeted manner. They will understand the significance of the persons involved in guaranteeing the survival and success of an organisation and its struc-tures and will know how to motivate and manage individuals and groups. Moreover, they will gain an overview of the various instruments and challenges of modern hu-man resources management and will understand how this ties in with collective and individual labour law as well as public sector law (including work constitution law and staff representation law). In addition, students will learn what their rights and duties are as civil servants.

Preliminary reading R Bröckermann: Personalwirtschaft: Lehr- und Übungsbuch für Human Resource Management, latest edition. H Jung: Personalwirtschaft, latest edition. A Kieser, P Walgenbach: Organisation, latest edition. P J Lipperheide: Arbeitsrecht für Wirtschaftswissenschafter und Unternehmenspra-xis, latest edition. J Greenberg: Managing Behavior in Organizations, latest edition. E Meyer et al: Contemporary Management (European edition), latest edition. G Schreyögg: Organisation: Grundlagen moderner Organisationsgestaltung, latest edition. M Wichmann, K-U Langer: Öffentliches Dienstrecht, latest edition. Supplementary reading: H Brox et al: Arbeitsrecht, latest edition. D Vahs: Organisation. Ein Lehr- und Managementbuch, latest edition.

V4-1a Theory of organisation in business administration

Syllabus Basic terminology

Lines of development in organisation theory

Formal organisational structures (specialisation, configuration)

Informal organisation (corporate culture, (micro-) political processes)

Integration of the individual and the organisation (individual/group behaviour); behaviour management (leadership)

Current trends in organisational structures

V4-1b Human resources management

Syllabus Human resources and labour: practice and theory

Staff requirement planning

Staff recruitment

Staff deployment and management (appraisals, remuneration)

Staff development

New challenges in HR management

V4-1c Fundamentals of labour law and of public sector law

Syllabus Labour law: introduction, individual labour law, collective labour law, work consti-tution law

Public sector law: staff representation law, introduction to civil service law, disci-plinary law, equal opportunities law and collective bargaining law




Corporate law, contract management and claims management


Code V4-2


In-depth study 1


ECTS credits 3 ECTS




Professor Urs Lendermann

Academic objectives Students will be able to assess the main types of enterprise and their economic and legal advantages and disadvantages with respect to foundation, organisation, repre-sentation and liability. This also includes the legal forms of mergers. Students will be able to apply the material taught to issues of banking supervision, account manage-ment and collateral analysis. In the field of contract management, students will be able to apply the key rules and techniques relating to contract planning, drafting, ne-gotiation and performance (in particular vis-à-vis procurement contracts). With regard to claims management, students will be able to apply their knowledge of judicial dun-ning, litigation, mediation and enforcement proceedings and insolvency crisis man-agement.

Preliminary reading U Eisenhardt: Gesellschaftsrecht, latest edition. B Heussen (ed): Handbuch Vertragsverhandlung und Vertragsmanagement, latest edition. Supplementary reading: W Braun: Geschäftsverträge, latest edition. H Brox et al: Handelsrecht, latest edition. H-J Musielak: Grundkurs ZPO, latest edition. M Gogger: Insolvenzrecht, latest edition.

V4-2a Corporate law

Syllabus Partnerships (civil-law associations, general partnerships, limited partnerships, EEIGs, limited partnerships in which private limited companies are partners, si-lent partnerships)

Corporations (public limited companies, SEs, commercial partnerships limited by shares, private limited companies) and registered cooperative societies

Legal forms of mergers

V4-2b Contract management

Syllabus Contract planning and drafting: General Terms and Conditions and negotiated individual contracts

Contract negotiations: strategy, tactics and rules of conduct

Contract conclusion techniques

Ensuring contract performance and contract controlling

International business contracts

V4-2c Claims management and insolvency law

Syllabus Claims management

Strategies for dealing with debtors who are defaulting or unwilling to pay

Options for settling claims: dunning and litigation proceedings, business media-tion, compulsory enforcement

Insolvency law

Risk provisioning by creditors and debtors

Commencement of insolvency proceedings with judicial safeguards

Standard insolvency proceedings, special procedures


Module Banking, securities and insurance supervision Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code V5


In-depth study 1


ECTS credits 8 ECTS





Prerequisites A1 Quantitative methods A2 Business administration: deepening of knowledge A4 Credit and banking supervision

(Potentially) followed by W1 Case studies on monetary policy and financial stability (EN) W2 Case studies on financial supervision




Basel Capital Accord


Code V5-1


In-depth study 1


ECTS credits 5 ECTS





Academic objectives Students will have knowledge of the regulations concerning risk-based banking su-pervision under the Basel framework, including monitoring liquidity risks, and will be able to apply them. This includes the minimum capital requirements for credit, opera-tional and market risks under Pillar 1, the implementation of the supervisory review process (SRP) described in Pillar 2 in MaRisk (minimum requirements for risk man-agement), the disclosure requirements under Pillar 3, and liquidity supervision pursu-ant to the Liquidity Regulation and to CRR. In particular, students will be able to un-derstand how minimum capital requirements are calculated for banks. They will be aware that supervision is based not only on quantitative indicators, but also on a broader assessment of banks’ risk management systems, taking into account the overall circumstances. They will also learn about the tasks of the international stand-ard-setting bodies and European supervisory bodies.

Preliminary reading T Cramme et al (eds): Handbuch Solvabilitätsverordnung. Eigenkapitalunterlegung von Markt-, Kredit- und Operationellem Risiko, Stuttgart, latest edition. Supplementary reading: K-O Klauck, C Stegmann: Basel III, Stuttgart, latest edition. T C Hartley: The Foundations of European Community Law, latest edition. S Zeranski (ed): Ertragsorientiertes Liquiditätsrisikomanagement, Heidelberg, latest edition. P Bartetzky et al (eds): Handbuch Liquiditätsrisiko, Stuttgart, latest edition. In addition, preliminary reading for module component A4-2.

V5-1a Basel II – Pillar 1

Syllabus Advanced approaches for determining the minimum capital requirements for o credit risk (IRBA, credit risk mitigation techniques) o operational risk o market risk (including trading book risks and internal risk models)

Securitisation transactions

Consolidation techniques and fundamentals of consolidating own funds

European banking supervision in depth (EBA, SSM, banking union)

V5-1b Basel II – Pillars 2 and 3 (including liquidity supervision)

Syllabus Specific provisions of MaRisk

Additional capital buffer for institutions

Disclosure requirements for institutions

German Liquidity Regulation, LCR and NSFR and associated provisions on the supervision of liquidity risk

V5-1c Current developments in European supervisory law

Syllabus Architecture, tasks and objectives of international standard-setting bodies and supervisory bodies

Legislative process in the European committee structure

Case study on legal hierarchy: from recommendation to national legislation



Securities and insurance supervision


Code V5-2


In-depth study 1


ECTS credits 3 ECTS




Professor Andreas Höfer

Academic objectives Students will learn about the statutory supervision standards for organised capital markets and for enterprises that are able to tap the capital markets as well as the links with other areas of financial market supervision. Moreover, students will gain an overview of the economic and legal framework of the insurance industry, its risk profile and the structures of insurance supervision. In addition, students will be able to apply the core insurance supervision standards and identify differences and simi-larities vis-à-vis banking supervision.

Preliminary reading P Koch: Versicherungswirtschaft, latest edition. P Schimikowski: Versicherungsvertragsrecht, latest edition. W Rockel et al: Versicherungsbilanzen, latest edition. Supplementary reading: P Schimikowski et al: Das neue Versicherungsvertragsgesetz, latest edition. M Schäfer: Kennzahlenbasierte Jahresabschlussanalyse von LV-Unternehmen, latest edition. M Brinkmann et al: Compliance – Konsequenzen aus der MiFID, latest edition. K Berkenbusch: Grenzüberschreitender Informationsaustausch im Banken-, Versi-cherungs- und Wertpapieraufsichtsrecht, latest edition.

V5-2a Securities supervision

Syllabus BaFin's responsibilities regarding securities supervision/asset management

Obligations arising from listing securities on a stock exchange as well as acquisi-tion procedures and balance sheet checks

Inspection of securities and investment prospectuses

Market integrity, in particular monitoring of insider trading, market manipulation

Organisational rules and rules of conduct for securities service providers

Supervision of investment companies

International supervisory bodies

V5-2b Insurance industry: organisation, business lines and insurance policies

Syllabus Organisational forms of insurance companies, associations

Types of policies, types of insurance, definition of risk and balancing of risk

Primary insurance and reinsurance, fundamentals of calculating premiums

Structure and items of financial statements; financial statement analysis

V5-2c Insurance supervision

Syllabus Solvency and liquidity supervision

Monitoring of risk diversification

MaRisk for insurance companies

International supervisory bodies



Module Digital transformation and advanced analytics Degree programme Bachelor of Science, “Zentralbankwesen / Central Banking” degree programme

Code V6


In-depth study I


ECTS credits 8 ECTS credits


Examination date During the term

Modes of examination; (percentage in English)

Presentation (40)

Prerequisites A1

(Potentially) followed by W4: Managing people and organisations in changing contexts W5: Financial econometrics W6: Process and project management



Leadership and governance of digital transformation

Degree programme Bachelor of Science, “Central Banking” degree programme

Code V6-1


In-depth study I



Academic workload 65.5 hours, of which 25.5 contact hours (34x45-minute teaching sessions) and 40 hours of independent study

Methods of instruction Classes, independent study, group work, project work and laboratory projects

Instructor responsible for the module


Academic objectives Students

will learn the challenges organisations face in light of increasing digitalisation from a technical, organisational and human resources perspective;

will be able to describe key management challenges as well as approaches and concepts for dealing with them.

will learn methods aimed at implementing innovations and changes within organ-isations.

Preliminary reading Baltes, G., Freyth, A.: Veränderungsintelligenz: Agiler, Innovativer, Unternehmeri-scher Den Wandel Unserer Zeit Meistern. Wiesbaden: Gabler, latest edition. Brynjolfsson, E., McAfee, A.: The Second Machine Age: Work, Progress, and Pros-perity in a Time of Brilliant Technologies, New York, London: W.W. Norton & Com-pany, latest edition. Hess, T.: Digitale Transformation strategisch steuern: Vom Zufallstreffer zum syste-matischen Vorgehen. Wiesbaden: Springer Fachmedien Wiesbaden, latest edition. Siebel, T.M., Rice C.: Digital Transformation: Survive and Thrive in an Era of Mass Extinction. New York, NY: RosettaBooks, latest edition. Stahl, R., Staab, P.: Donʼt worry, be digital: Tipps für einen angstfreien Umgang mit Digitalisierung, latest edition. Streicher, H.W.: Digitale Transformation in der öffentlichen Verwaltung: Praxishand-buch für Projektleiter und Führungskräfte. 1st ed. Berlin: Springer Berlin; Springer Gabler, latest edition. Uebernickel, Falk et al.: Design Thinking: Das Handbuch. Frankfurter Allgemeine Verlag, latest edition.

V6-1a Introduction and basic concepts (10 teaching sessions (TS))

Syllabus Basic concepts and underlying conditions

Strategies and structures for digital transformation

Business models and value added in the digital age

Levels and frameworks of digital transformation

Relevant technologies

Case studies on fundamentals/organisation, value added structures and busi-ness models

V6-1b Leadership and work in digital transformation (12 TS)

Syllabus Challenges of a new working environment

Digital leadership

New work / future work

Change intelligence and change management

Leadership and innovation

Management roles in digital transformation

Case studies on leadership and work in digital transformation

V6-1c Agile methods and innovation culture (12 TS)

Syllabus Agility and agile methods

User-centric approach

Prototyping and iterative/evolutionary process models

Design thinking

Case studies on agile methods and innovation




Analytical methods and artificial intelligence


Code V6-2


In-depth study I



Academic workload 112.5 hours, of which 52.5 contact hours (70x45-minute teaching sessions) and 60 hours of independent study

Methods of instruction Classes, independent study, group work




will learn to understand the issues and challenges of data management and be able to describe solutions that address technical requirements

will learn data analysis and machine learning procedures and be able to de-scribe their areas of application

will be able to weigh up the strengths and weaknesses of the various proce-dures

will be able to apply relevant tools in practice in order to solve technical prob-lems

Preliminary reading Haneke, U., Trahasch, S., Zimmer, M., Felden, C.: Data Science: Grundlagen, Ar-chitekturen und Anwendungen. Heidelberg: dpunkt, latest edition. Matthes, E., Gronau, V.: Python Crashkurs: Eine praktische, projektbasierte Pro-grammiereinführung. Heidelberg: dpunkt.verlag, latest edition. Müller, A.C., Guido, S.: Einführung in Machine Learning mit Python: Praxiswissen Data Science. 1st ed. Heidelberg: O'Reilly, latest edition. Nguyen, C.N., Zeigermann, O.: Machine Learning – kurz & gut: Eine Einführung mit Python, Pandas und Scikit-Learn. Heidelberg: O'Reilly, latest edition. Richter, S.: Statistisches und maschinelles Lernen: Gängige Verfahren im Über-blick. Berlin: Springer Spektrum, latest edition. Russell, S.; Norvig, P.: Artificial Intelligence: A Modern Approach. 4th edition, Pear-son 2020. Artificial Intelligence: A Modern Approach, latest edition. Stahl, R., Staab, P.: Die Vermessung des Datenuniversums: Datenintegration mith-ilfe des Statistikstandards SDMX. Berlin: Springer Vieweg, latest edition.

V6-2a Data management (20 TS)

Syllabus Data governance

Data life cycle

Data quality

Data integration

Big data

Data warehouse and data lake

Data preparation (data wrangling)

V6-2b Quantitative methods of data science and their application (50 TS)

Data mining

Introduction to machine learning and artificial neural networks

Supervised learning procedures

Unsupervised learning procedures

Search and optimisation procedures

Other machine learning styles and procedures: reinforcement learning, deep learning, neural networks, text mining

Practical exercises with use cases, exercises, frameworks and tools (R, Python, low code tools)

Presenting data and analyses appropriately: data visualisation and storytelling



Lecture series/Projects


Code V6-3


In-depth study I




Methods of instruction Classes, independent study, group work, project work and laboratory projects




will learn examples of successful data science and AI applications in business and administration

will gain initial practical experience in designing and implementing advanced analytical techniques

will learn the criteria for assessing the suitability of individual procedures for different practical analysis situations

will be able to assess the economic and social risks as well as the opportunities of data-driven decision-making in a differentiated manner

Preliminary reading Buxmann, P., Schmidt, H. (eds.): Künstliche Intelligenz: Mit Algorithmen zum wirt-schaftlichen Erfolg. Berlin, Heidelberg: Springer Berlin Heidelberg, latest edition.

See also the information for the module components V6-1 and V6-2.

Syllabus Presentation and discussion of case studies on digitalisation and practical applica-tions from the Bundesbank and other organisations on current projects and issues Project work and laboratory projects on digital transformation, machine learning, big data and artificial intelligence; in the form of lectures as well as in innovative formats such as “hackathons”, planned in cooperation with interested areas of the Bank (such as the innovation workshop)



2.4 In-depth study 2

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

P1 Foundation

course P1

Advanced study

P2 In-depth study 1

Practical study 3

In-depth study 2


Modules ECTS Contact hours


sions)

Workload (number of

hours)


Module group 1: Case studies on core business areas of central banks and supervisory authorities

W1: Case studies on monetary policy and financial stability (EN) (Elective module)

5 88 150 Presentation (100)

W2: Case studies on financial supervision (Elective module for Students of Deutsche Bundesbank; mandatory module for stu-dents of BaFin)

5 88 150 Seminar paper

(100)

W3: Case studies on payment and financial market infrastructure (Elective module)

5 88 150 Presentation

Module group 2: Key methods for employees of central banks and supervisory authorities

W4: Managing people and organisations in changing contexts (Elective module)

5 88 150 Presentation (100)

W5: Financial Econometrics (Elective module for Students of Deutsche Bundesbank; mandatory module for stu-dents of BaFin)

5 88 150 Oral exam (30)

W6: Process and project management (Elective module)

5 88 150 Seminar paper

Total: 4 out of 6 modules 20 352 600 4 module exams


Module Case studies on monetary policy and financial stability (EN) Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code W1


In-depth study 2

Type Elective module from the "Core business areas" module group; quantitative content 50%, English-language content 80%, legal content 10%

ECTS credits 5 ECTS




Presentation (100)



Professor Tobias Körner

Prerequisites A5 Monetary economics (EN) V2 Analysis of financial statements and financial instruments V3 Financial markets and international economics (EN)

(Potentially) followed by ---

Academic objectives Students will learn about the monetary policy strategies of selected central banks, particularly of the Eurosystem and the Federal Reserve System. They will be able to present them in context, compare them and identify typical response patterns. In addition, they will be able to illustrate the differences in monetary policy measures taken in recent years using examples and will be able to defend the monetary policy strategy of the Eurosystem against criticism. Moreover, students will learn about the typology of financial market crises, recognise typical risk factors for financial market stability and be able to interpret published stability reports. The main language of instruction and examination of this course is English.

Preliminary reading Cecchetti, S.G./Schoenholtz K.L.: Money, Banking and Financial Markets, McGraw-Hill, latest edition. D Gerdesmeier et al: The Eurosystem, the US Federal Reserve and the Bank of Ja-pan: Similarities and Differences in: Journal of Money, Credit and Banking, latest edition. Financial stability reports of the IMF, BIS and selected central banks. C Goodhart et al (eds): Financial Crisis, Contagion, and the Lender of Last Resort, latest edition. R A Brealey et al: Financial Stability and Central Banks, latest edition. B Eichengreen: Financial Crisis, latest edition.

W1a Monetary policy and financial stability (EN)

Syllabus Eurosystem

Federal Reserve System

Financial cycle

Prudential regulation and the implementation of monetary policy

W1b Elements and perspectives of financial stability (EN)

Syllabus A risk framework for banking business and shadow banks

Important risk channels

Central counterparties

W1c Case studies on financial market turbulence (EN)

Syllabus Typology of financial market crises

The anatomy of financial crises in the past: a survey

Economic (esp. monetary policy) aspects of payment systems



Module Case studies on financial supervision Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code W2


In-depth study 2

Type Elective module for Students of Deutsche Bundesbank; mandatory module for stu-dents of BaFin. From the "Core business areas" module group; quantitative content 80%, English-language content 40%, legal content 80%

ECTS credits 5 ECTS




Seminar paper (100)




Prerequisites A2 Business administration: deepening of knowledge A4 Credit and banking supervision V1 Bank and central bank management V2 Analysis of financial statements and financial instruments V5 Securities and insurance supervision (recommended)


Academic objectives Students will learn about an approval procedure for an internal risk model (eg IRB A, AMA or market risk model) at a group of institutions with cross-border activities in the EU, and will be able to identify the associated coordination and valuation issues. They will learn how to incorporate findings made during the procedure into an overall assessment and to decide on whether the institution should be allowed to apply an internal risk model for supervisory purposes. Furthermore, students will be familiar with inspection reports (in particular pursuant to section 44 of the Banking Act) and will evaluate these reports from a risk perspective. They will use information ob-tained in the analysis to carry out valuations and make recommendations for action and will identify those areas where additional information may be required. In addi-tion, students will gain an overview of the supervisory review and evaluation process (SREP) which must be applied at least once a year to each institution or group of institutions. They will learn to recognise that their overall conclusion in this process must be made in proportion to the size and complexity of the institution and develop an awareness of the importance of dialogue (eg via supervisory meetings) with the institution. Moreover, they will learn which topics require particular attention (eg stress tests, covering concentration risks) and which banking supervision tools are useful in implementing the SREP (eg risk profile).

Preliminary reading Anonymised extracts from audit reports on internal risk models (in particular for groups of institutions with cross-border activities) Anonymised Bundesbank evaluation of an audited financial statement and a report on an inspection pursuant to section 44 of the Banking Act Current project documentation, inspection concepts and guidelines for on-site in-spections; current publications by Bundesbank departments and the ECB

W2a Case studies on the approval of internal models

Syllabus Processing an application for approval of an internal model at an institution with EU-wide activities (BaFin as home supervisor) until the decision is reached

W2b Case studies on the evaluation of inspection reports (in particular pursuant to section 44 of the Banking Act)

Syllabus Risk-based analysis/evaluation of inspection reports

W2c SREP case studies

Syllabus Application of the supervisory review and evaluation process to institutions with cross-border activities and small domestic institutions


Module Case studies on payment and financial market infrastructure Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code W3


In-depth study 2

Type Elective module from the "Core business areas" module group; quantitative content 25%, English-language content 10%, legal content 20%

ECTS credits 5 ECTS




Presentation



Professor Giselher Pankratz

Prerequisites A3 Payment transactions V2 Analysis of financial statements and financial instruments


Academic objectives Students will be able to assess the monetary policy aspects of payment transactions and analyse the links between payment transactions, securities settlement and fi-nancial stability. They will be able to assess more recent developments on payment and financial market infrastructure to represent the Bundesbank respectively BaFin appropriately in working groups.

Preliminary reading Berndsen, R. J.: Financial Market Infrastructures and Payments, Veghel, actual edi-tion. Deutsche Bundesbank: Internal rules and regulations. Deutsche Bundesbank and ECB publications.

W3a Financial market infrastructure

Syllabus Micro economic and network-oriented theoretical foundation of financial market infrastructures

Innovative instruments and methods for the transfer of financial assets

European and worldwide projects for the further development of financial market infrastructures

Effects of regulation of the financial sector on financial market infrastructures and central-bank-money creation

W3b Current issues relating to cash payments

Syllabus ESCB committees and international bodies

National and European projects

Cash logistics

Branch management

Practical examples of the supervision of cash payment operations



Module Managing people and organisations in changing contexts Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code W4


In-depth study 2

Type Elective module from the "Methods" module group; quantitative content 0%, English-language content 50%, legal content 50%

ECTS credits 5 ECTS




Presentation (100)

Teaching methods Lectures, group work, and independent study



Prerequisites G2 Introduction to business administration


Academic objectives Students will gain an overview of the theoretical foundations for identifying, master-ing and solving operational conflict situations and change processes, and will be able to use the right HR management tools in any given situation. Students will rec-ognise conflicts based on typical symptoms and be able to distinguish between con-flicts and other types of disagreements. In addition, students will be able to identify the various levels of conflict and consensual conflict resolution procedures and to gauge at which point an amicable resolution of the conflict can no longer be ex-pected. Students will be familiar with typical situations relating to intercultural com-munication, taking into account financial and business ethics aspects and will master the common cross-cultural communication models used in internatl. working groups.

Preliminary reading J Berthel, F Becker: Personal-Management, latest edition. B Drexler: The Clash of Monetary Civilizations: Central Bank Communication in Theory and Practice, latest edition. J Greenberg: Managing Behavior in Organizations, latest edition. H Jiranek et al: Konfliktmanagement, latest edition. L v Rosenstiel et al: Organisationspsychologie, latest edition. Supplementary reading: E Meyer et al: Contemporary Management (European edition), latest edition. A K Neyer: Multinational Teams in the EC and the European Parliament, latest edt. S Rank et al (eds): Change Management in der Praxis, latest edition. G Schreyögg: Organisation: Grundlagen moderner Organisationsgestaltung, lst. edt. D Utley: Intercultural Resource Pack: Intercultural Communication Resources, lst edt

W4a Change management and communication

Syllabus Basis for and triggers of organisational change (including management methods); challenges of and resistance to change

Structuring change projects; organisational development, organisational learning; changes to communication and leadership; special (inter)cultural features

W4b Conflict management and internal mediation

Syllabus Conflict management (definition and symptoms of a conflict, levels of conflict, conflict analysis and negotiations in operational conflict situations)

Internal mediation (resolving conflicts through a mediator, stages of the mediation process)

W4c Case studies: intercultural communication (EN)

Intercultural communication: barriers and cultural dimensions – communication styles including presentation skills, correspondence and reports in an accounting and financial setting

W4d Case studies: business ethics and compliance (EN)

Syllabus Current ethical issues in today’s business environment: accounting information, human resources management, sales and marketing, production

Compliance and ethics guidelines in central banks, prevention of corruption

W4e Practising integration

Syllabus Identifying, witnessing and experiencing the challenges of living with a disability in an organisation – broadening of horizons in practice


Module Financial Econometrics Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code W5


In-depth study 2

Type Elective module for Students of Deutsche Bundesbank; mandatory module for stu-dents of BaFin; from the "Methods" module group; quantitative content 100%, Eng-lish-language content 30%, legal content 0%

ECTS credits 5 ECTS




Oral exam (30)

Teaching methods Lectures, independent study, group work, case studies (partly using PCs), project work



Prerequisites A1 Quantitative methods V2 Analysis of financial statements and financial instruments


Academic objectives Upon completion of this module, students will be able to

master simple econometric estimation methods

have a theoretical understanding of econometric model structures

master econometric problems in the fields of finance, capital market theory and macroeconomics can be analysed and placed in the theoretical context

know techniques of empirical research: Analysis of scientific articles, data collec-tion and preparation, interpretation of regression results, knowledge manage-ment

can independently use relevant spreadsheet programs (Excel), statistical soft-ware (EViews und/or Stata) and programming languages (R)

are able to carry out empirical analyses independently using descriptive and inductive statistics.

Typical models from the Deutsche Bundesbank's core business areas, particularly banking supervision and financial stability, will be used as examples.

Preliminary reading E P George et al: Time Series Analysis, latest edition. Supplementary reading: R S Pindyck et al: Econometric Models and Economic Forecasts, latest edition. Cameron/Trivedi: Microeconometrics Using Stata, latest edition, Stata Press Crawley 2012, The R book, 2nd ed., Wiley. C Dougherty: Introduction to Econometrics, latest edition. D Rösch: Understanding Statistics and Probability: An Introduction to Methods, Techniques and Computer Applications, 2017.

Syllabus Relevant statistical indicators

Econometric multivariate modelling: Cross-sectional, time series and panel re-gressions

Logit- and Probitmodels

Regression diagnostics

Modelling selected problems in the areas of market microstructure finance, be-havioral finance and economics

Application of spreadsheet programs (Excel), statistical software (EViews und/or Stata) and programming languages (R) in case studies

Interpretation of estimation results in the context of capital market theory, Beha-vioral Finance and Economics

techniques of empirical research using the example of selected scientific articles; Knowledge management



Module Process and project management Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code W6


In-depth study 2

Type Elective module from the "Methods" module group; quantitative content 50%, Eng-lish-language content 10%, legal content 0%

ECTS credits 5 ECTS




Seminar paper

Teaching methods Lectures (sometimes using PCs), independent study, group work



Prerequisites A1 Quantitative methods V1 Bank and central bank management


Academic objectives Students will be familiar with internal approaches to and market standards for project management as well as methods and procedures, and will be able to place and ap-ply them accordingly. They will be capable of formulating the objective, content and scope of a project and be able to draw up a general plan (costs, timeframe, staff, risks). They will be able to apply IT support tools in the context of project manage-ment. In addition, students will recognise that the human aspect of projects is a key factor for success and will complete projects in working groups. They will also have the ability to analyse and document moderately difficult problems using the right models and techniques as part of the system analysis. They will be able to select and apply appropriate models and presentation techniques for simple problems as part of the system design.

Preliminary reading I Sommerville: Software Engineering, latest edition. H Krallmann et al (eds): Systemanalyse im Unternehmen, latest edition. H J Schmelzer et al: Geschäftsprozessmanagement in der Praxis, latest edition. Deutsche Bundesbank: Projektleitfaden [project guidelines] H Schelle, R Ottmann, A Pfeiffer: ProjektManager, GPM Deutsche Gesellschaft für Projektmanagement, latest edition. J Becker; C Mathas; A Winkelmann: Geschäftsprozessmanagement. Heidelberg, latest edition. J Becker, M Kugeler, M Rosemann (eds): Prozessmanagement. Ein Leitfaden zur prozessorientierten Organisationsgestaltung. Heidelberg, latest edition. A Gadatsch: Grundkurs Geschäftsprozess-Management. Methoden und Werkzeuge für die IT-Praxis: Eine Einführung für Studenten und Praktiker. Wiesbaden, latest edition.

W6a Project management

Syllabus Project management at the Deutsche Bundesbank

Project structuring, planning, controlling and implementation, risk management, quality management, conflict management and team development

Case studies

W6b Process management

Syllabus Business processes, business process management

Modelling of processes using graphical modelling languages (eg EPK)

Analysis and optimisation of business processes, business process re-engineering

Case studies

W6c System analysis and software engineering

Syllabus System analysis, requirements engineering

Professional structural and behavioural modelling using Unified Modeling Lan-guage (UML)

Principles and concepts of software engineering

Case studies


3 Practical studies

3.1 Practical studies for Deutsche Bundesbank students

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

P1 Foundation

course P1

Advanced study

P2 In-depth study 1

Practical study 3

In-depth study 2


Code Module Study stage ECTS Duration Type Examination

P1-1 Overview of the recruiting authority in-cluding interdisciplinary functions part 1 (Central Office of the Bundesbank)

Practical study 1 (part 1)

See part 2

Around 2 months (part 1:

4-9 days)

Manda-tory

module

In part 2

P1-1 Overview of the recruiting authority in-cluding interdisciplinary functions part 2


7 For each module students must take one exami-nation consisting of a performance evaluation (25%) and an examination (75%). The differ-ent modes of ex-amination are:

o Internship re-port

o Completing another practi-cal task typical-ly performed in the Upper In-termediate Ser-vice

o Presentation

o Paper or

o Oral exam

P2 Organisation and tasks of a Bundesbank branch

Practical study 2

7 Around 7 weeks

Manda-tory

module

P3A Organisation and tasks of banking su-pervision Practical

study 3

7 Around 7 weeks

Manda-tory

module

P3B Organisation and tasks of areas with operational, operative monetary policy and financial stability functions

7 Around 7 weeks

Manda-tory

module

P4A Organisation and tasks of areas with operational, operative monetary policy and financial stability functions

Practical study 4

Modules to be

complet-ed:

Three of six mod-

ules

7 Around 7 weeks

Elective module

P4B Organisation and tasks of areas with interdisciplinary functions

7 Around 7 weeks

Elective module

P4C Internship at a different suitable institu-tion in Germany or abroad

7 Around 7 weeks

Elective module

P4D Organisation and tasks of banking su-pervision

7 Around 7 weeks

Elective module

P4E Professional specialisation at the Deutsche Bundesbank

7 Around 7 weeks

Elective module

P4F Organisation and tasks of a Bundesbank branch

7 Around 7 weeks

Elective module



Module Overview of the recruiting authority – part 1 (Central Office of the Bundesbank)


Code P1-1


Prior to the foundation course


ECTS credits See P1-2

Duration 4 to 9 working days

Examination date See P1-2 Mode of examination (percentage of English)

See P1-2

Teaching methods Lectures, assignments, independent study


Main tutor

Prerequisites ---

(Potentially) followed by G3 Introduction to the banking industry

Preliminary reading Die Deutsche Bundesbank: Aufgabenfelder, rechtlicher Rahmen, Geschichte. Spe-cial publication by the Deutsche Bundesbank. Frankfurt am Main, 2006. Various notices and training material.

Objectives of profes-sional competence

The students will learn about the tasks, organisation and core business areas of the Deutsche Bundesbank and its role within the ESCB. They will understand their legal status as civil servants. They will also be familiar with basic rules and regulations, procedures and internal rules and regulations. They will gain an overview of the or-ganisation, structure and tasks of their recruiting authority and, where applicable, its role in the system of the Federal authorities. They will understand the provisions of the General Equal Treatment Act (Allgemeines Gleichbehandlungsgesetz) and know the contact persons on the staff representation committees. The will gain initial expe-rience using the Bundesbank's standard software.

Syllabus - Course of study including rules and regulations - Organisation and tasks of the Deutsche Bundesbank and the European System

of Central Banks (ESCB) - Core business areas of the Deutsche Bundesbank - Legal status of civil servants - The General Equal Treatment Act (Allgemeines Gleichbehandlungsgesetz) - Information technology at the Deutsche Bundesbank - Corruption prevention


Module Overview of the recruiting authority including interdisciplinary functions – part 2 (Internal and branch operations of a regional office, departments C, IT, K, P, Rv, Vb, ÖB, R, Secretariat for European Affairs, Procurement Centre, ser-vice centres)


Code P1-2


Part of practical study 1, ie following the foundation course


ECTS credits 7 ECTS (including part 1 of practical study 1)

Duration Around 7 weeks

Examination date During the module


§ 18 (5) GBankDVDV (examination regulations): Examinations § 18 (4) will be eval-uated with a weighting of 75% and the official valuation of shown working perfor-mance with a weighting of 25 %. The examination during the practical studies could be 1. an internship report, 2. a presentation, 3. preparing a paper, 4. completing a practical task typically performed in the Upper Intermediate Service, 5. an oral exam. The responsible training officer prepares under participation of the trainers perfor-mance evaluations for each module, containing the fundamental performance and competence characteristics (engagement, analytical und practice-oriented thinking, social behaviour, work organisation, mode of expression). The module examination refers to parts 1 and 2 of practical study 1

Teaching methods Tutoring sessions with practical studies tutors and training staff, shadowing activities at individual posts, helping to carry out tasks, independent study


Practical studies tutor

Prerequisites P1-1

(Potentially) followed by Cannot be specified (due to the heterogeneity of the acquired knowledge) Preliminary reading Deutsche Bundesbank: Internal rules and regulations.

Current publications by Bundesbank departments. Current publications by BaFin. Relevant legal sources.

P1-2a, P1-2b, P1-2c, P1-2d Objectives of profes-sional competence for in-house operations of a regional office

The students will acquire a general understanding of the key tasks and processes at a regional office and, where applicable, a branch. They will gain an overview of the regional office’s relationships with the various departments of the Deutsche Bundes-bank and the branches attached to it. The students will be familiar with the key fields of activity in the Upper Intermediate Service at the regional offices and the branches and will be able to describe typical tasks. They will also acquire knowledge of the fundamentals of human resources management and the supervision of operations at the respective units and will be familiar with the relevant internal rules and regula-tions. During their time at a regional office, students may spend between two and three weeks at a branch (syllabus of P1-2d).

P1-2a Syllabus for the Opera-tional Organisation Sec-tion

- Overview of the structure and tasks of a regional office - General operational organisation - Construction matters, security, protection of property - Organisation of cash and cashless payments / account management - Departmental controlling, operational statistics

P1-2b Syllabus for the Human Resources Section

- Staff relations - Internal staff services - Remuneration matters

P1-2c Syllabus for the Administration Section

- Commercial facility management - Management of office and residential buildings - Overview of other areas

P1-2d Syllabus for in-house operations of a branch

- Introduction to cash payment operations - Introduction to the creation of teams and posts - Introduction to the cash management system (BMS)



P1-2e Objectives of profes-sional competence for Department C (including the Service Centre for Administrative Account-ing, Asset Accounting and Master Data Ad-ministration and the Service Centre for Cost Accounting Data Provi-sion)

Students will learn about the most important tasks and processes in the area of controlling. They will acquire an overview of the various activities of the Upper In-termediate Service at the Bundesbank's Controlling Department and be familiar with the key controlling instruments used by the Deutsche Bundesbank and the Eurosys-tem (eg strategic planning, cost and performance accounting, general accounting, HR standards, standard cost accounting, organisational consulting and analysis, job evaluation).

P1-2e Syllabus for Department C (including the Service Centre for Administra-tive Accounting, Asset Accounting and Master Data Administration and the Service Centre for Cost Accounting Data Provision)

- Structure and tasks of the Controlling Department - Controlling instruments and processes - Organisational methods and project work - Accounting structure at the Deutsche Bundesbank

P1-2f Objectives of profes-sional competence for the IT Department

Students will gain an overview of the key tasks of the Information Technology De-partment, the services it provides and the Deutsche Bundesbank's IT infrastructure. They will assist in IT projects and apply project and process management methods. They will recognise the significance of IT support for business processes and the necessity of cooperating closely with the business units.

P1-2f Syllabus for the IT Department

- Structure and tasks of the IT Department - Processes (in particular, procurements and project planning) - Methods for IT project work; involvement in IT projects

P1-2g Objectives of profes-sional competence for Department K (including the Regional Presi-dents’ Offices)

Students will gain an overview of the key tasks and processes of the Bundesbank's Communications Department (including the Regional Presidents' Offices) and will help design and implement press and public relations projects, organise and carry out public relations events or design internal communication media (in-house maga-zine, intranet). They will learn about the most important communications interfaces within the Bank and the importance of properly functioning external and internal communication for the image of the Bundesbank. They will be able to implement ideas and editorial contributions with technical support.

P1-2g Syllabus for Department K (including the Regional Presi-dents’ Offices)

- Structure and tasks of the Communications Department (including the Regional Presidents' Offices)

- Methods and techniques of external and internal communication

P1-2h Objectives of profes-sional competence for Department P (including the Service Centre for Staff Loans and the Service Centre for Travel and Relocation Expenses and Family Separation Allowance)

Students will gain an overview of the key tasks and processes in the Human Re-sources Department and will primarily assist in implementing them in the areas of human resources management and/or internal staff services. Students will learn about the activities of the Upper Intermediate Service and will be familiar with basic methods and typical tasks relating to HR activities. In addition, they will be able to deal with legal issues relating to HR activities (eg labour law, collective bargaining law).

P1-2h Syllabus for Department P (including the Service Centre for Staff Loans and the Service Centre for Travel and Reloca-tion Expenses and Family Separation Al-lowance)

- Structure and tasks of the Human Resources Department - Human resources legal framework - Human resources management instruments and processes, including interfaces

with other business units


P1-2i Objectives of profession-al competence for De-partment Rv

Students will gain an overview of the key tasks and processes in the Audit Depart-ment and will assist in carrying them out. They will have knowledge of the relevant audit standards and, where possible, assist in planning, performing, evaluating, reporting and documenting audit activities.

P1-2i Syllabus for Department Rv

- Structure and tasks of the Audit Department - Audit methods - Where possible, assistance in audit activities (in particular, planning, perfor-

mance, evaluation, reporting or documentation) P1-2j Objectives of profession-al competence for De-partment Vb (including the Service Centre for Housing Administration and Holiday Homes)

Students will gain an overview of the key tasks and processes in the Administration and Premises Department and will assist in carrying them out. They will assist in facility, property or construction management activities or in the area of logistics management.

P1-2j Syllabus for Department Vb (including the Service Centre for Housing Ad-ministration and Holiday Homes)

- Structure and tasks of the Administration and Premises Department, including the respective service centre

- Processes (in particular, project, logistics or construction planning) - Assistance in project work - Where possible, assistance in compiling instruction manuals

P1-2k Objectives of profession-al competence for De-partment ÖB

Students will gain an overview of the key tasks and processes in the Economic Educa-tion, University and Technical Central Bank Cooperation Department and will assist in implementing these in the areas of education, training, technical central bank coopera-tion (TCBC), the University of Applied Sciences, economic education, information man-agement, the Money Museum and numismatics. Students will learn about the activities of the Upper Intermediate Service and will be familiar with the basic methods for tasks typically performed in the department. In addition, they will be able to deal with legal issues relating to internal and external educational tasks and the specific career path regulations. Students will complete tasks relating to technical central bank cooperation and organising and carrying out education, training and economic education seminars. They will take on assignments at the Money Museum and perform tasks in the archives and the library.

P1-2k Syllabus for Department ÖB

- Structure and tasks of the Economic Education, University and Technical Cen-tral Bank Cooperation Department

- Processes (in particular, organisation and implementation of internal and exter-nal education programmes)

- Methods of information management (library, documentation/research, archives) - Organisational methods and project work

P1-2l Objectives of profession-al competence for De-partment R

The students will gain an overview of the tasks and the structure of the Legal De-partment and develop an awareness for legal issues (identifying potential legal prob-lems) as well as an ability to solve them (necessity for the involvement of the Legal Department).

P1-2l Syllabus for Department R (including the Service Centre for Financial Sanctions)

- Structure and tasks of the Legal Department - Processes (eg involving the Legal Department in projects/tasks of other depart-

ments, organising and carrying out the preparatory work for meetings of the ECB Governing Council and the Legal Committee)

- Where possible, case studies/workshops P1-2m Objectives of profession-al competence for the Secretariat for European Affairs

Students will become acquainted with the key tasks and processes in the Secretari-at for European Affairs and will assist in carrying them out. They will recognise the importance of and need for close cooperation with the business units.

P1-2m Syllabus for the Secretariat for European Affairs

- Structure and tasks of the Secretariat for European Affairs - Processes (in particular, preparatory work for meetings, written procedures) - Assistance in establishing procedures in the EURAS database - Where possible, evaluations of business-unit-specific projects/tests

P1-2n Objectives of profession-al competence for the Procurement Centre

Students will become acquainted with the key tasks and processes in the Procure-ment Centre and will assist in carrying them out. They will contribute to the comple-tion of tasks in the area of procurement.

P1-2n Syllabus of the Procurement Centre

- Structure and tasks of the Procurement Centre - Processes (in particular, in the context of procurements) - Assistance in project work - Where possible, assistance in compiling instruction manuals



Module Organisation and tasks of a Bundesbank branch Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code P2


Part of practical study 2, ie following the advanced course


ECTS credits 7 ECTS




§ 18 (5) GBankDVDV (examination regulations): Examinations § 18 (4) will be eval-uated with a weighting of 75% and the official valuation of shown working perfor-mance with a weighting of 25 %. The examination during the practical studies could be 1. an internship report, 2. a presentation, 3. preparing a paper, 4. completing a practical task typically performed in the Upper Intermediate Service, 5. an oral exam. The responsible training officer prepares under participation of the trainers perfor-mance evaluations for each module, containing the fundamental performance and competence characteristics (engagement, analytical und practice-oriented thinking, social behaviour, work organisation, mode of expression).

Teaching methods Tutoring sessions with practical studies tutors and training staff, practical training at individual posts, independent study



Prerequisites A3 Payment transactions (as a rule)

(Potentially) followed by V4 Organisation, human resources management and contract management W3 Case studies on payment and financial market infrastructure


The students will learn about the tasks and processes at a branch, particularly in the cash handling area. They will gain an overview of the cash cycle and the signifi-cance of cash payments for the Deutsche Bundesbank and will participate in the activities of typical posts in the Upper Intermediate Service. The students will also grasp the fundamentals of human resources management and the supervision of operations at branches and will master the most important internal rules and regula-tions in the Bundesbank's cash handling area.

Preliminary reading Deutsche Bundesbank: Internal rules and regulations. Publications of the Bundesbank’s Cash Department and the ECB on cash payments.

Syllabus Introduction to business operations and operational supervision - Division of tasks, operational structure - Criteria for the creation of teams/posts - Granting authorisation (eg key guide, BMS) - Observing operational procedures (eg working in areas under video surveillance,

machine efficiency) - Explaining the internal control structure and compiling the operational supervi-

sion plan (eg charts on the structure of teams/checks) - Analysis of potential weak points and corrective measures - Evaluations in BMS (CashEDI) - Measures in the event of discrepancies in the cash handling area, processing

liability issues and reimbursement claims - Complex issues regarding account management (eg in the event of overdrafts,

breach of account terms and conditions, death, insolvency, attachment) - Approving measures with an impact on expenditure Introduction to human resources management/administration - Managing human resources (deployment plan, holiday plan, etc) - The branch working time model, alternative working time models - Internal communication (including team leader and team meetings) - Fundamentals of human resources management (eg appraisals, employee

feedback meetings, staff development, career management including further training, incentives)

- Handling complex HR issues (welfare, health management including in-house integration management, sanctions, staff representation, equal treatment)

Introduction to security, protection of property, building management - Defining the concept of property protection (including security regulations)


- Contacts with local police; measures in the event of a robbery/emergency - Work health and safety, workplace ergonomics and assessments of workplace-

related hazards Introduction to external contacts - Meetings with customers, cultivating contacts with local businesses (eg cash-in-

transit companies, credit institutions) - Events on counterfeit prevention (eg schools, commercial enterprises, credit

institutions)



Module Organisation and tasks of banking supervision (Department B, Banking and Financial Supervision Division of a regional office, BaFin)


Code P3A


Part of practical study 3, ie following in-depth study 1


ECTS credits 7 ECTS





Teaching methods Tutoring sessions with practical studies tutors and members of staff, practical train-ing at individual posts, independent study



Prerequisites A4 Credit and banking supervision V2 Analysis of financial statements and financial instruments (as a rule)

(Potentially) followed by W2 Case studies on financial supervision

Preliminary reading The Banking Act and regulations relating to the Banking Act, eg the Solvency Regu-lation, Liquidity Regulation, etc; key publications and papers on supervision, eg the Prudential Supervisory Guideline, Minimum requirements for risk management (MaRisk), BaFin authorisation memorandums; CRR, CRD IV, Basel II and Basel III frameworks

P3Aa Objectives of profes-sional competence (Bundesbank: Banking Supervision Department and Banking and Finan-cial Supervision Division of a regional office)

Students will learn about the tasks and processes of banking and financial services supervision at Central Office and/or the regional offices. They will gain an overview of the importance of supervision for the proper functioning of the financial sector and will be able to describe the cooperation and interfaces between the Deutsche Bun-desbank and BaFin. With regard to on-site inspections, ongoing supervision activi-ties and the credit register for large exposures and loans of €1.5 million or more, they will learn about typical tasks carried out by the Upper Intermediate Service, be familiar with the requirements of the most important posts and have an overview of the relevant legal regulations.

P3Aa Syllabus (Bundesbank: Banking Supervision Department and Bank-ing and Financial Su-pervision Division of a regional office)

- Tasks and functions of banking and financial services supervision in Germany - Competencies and processes in supervisory work (in general) - Instruments of risk-based supervision (including reporting systems, financial

statement audit reports, supervisory meetings, on-site inspections) - Processing policy and interpretation issues relating to national and international

supervisory regulations/papers - Evaluation of prudential information as a basis for assessing current and poten-

tial risks - Studies on banking supervision issues using data from the credit reporting sys-

tem - Clarification of facts in the context of ongoing supervision of banks and financial

services institutions - Interlinking the findings, evaluations and actions of risk-based supervision in the

risk profile


P3Ab Objectives of profes-sional competence (BaFin)

Students will learn about the practical tasks and processes of BaFin's banking and financial supervision, Pillar BA. They will gain an overview of the importance of banking supervision for the proper functioning of the banking sector. In the specialist supervision sections, students will learn about typical tasks carried out by the Upper Intermediate Service, be familiar with the requirements of the most important posts and have an overview of the relevant legal regulations. In particular, they will have been introduced to the main banking supervision processes 2-5 (processing of in-coming information, active procurement and processing of information, invasive measures and decisions upon request). In the basic issues sections, students will learn about typical tasks carried out in the Upper Intermediate Service and will have an overview of the relevant legal regulations. In particular, they will have become acquainted with the main banking supervision processes 7 and 8 (general manage-ment and basic processes).

P3Ab Syllabus (BaFin)

In the specialist supervision sections: - Tasks and functions of banking supervision in Germany - Supervisory instruments (including supervisory actions, risk profile, supervisory

meetings, approval upon request or in the case of intervention) - Processes and competencies in supervisory work In the basic issues sections: - Tasks and functions of banking supervision in Germany - Cross-institutional requests for information - Policy and interpretation issues - Legal developments - Organisation of supervision



Module Organisation and tasks of areas with operational, operative monetary policy and financial stability functions Departments H, Z, M, F, Vo, S; Division Rc 1; service centres; Section for Credit Assessment and Securities at the regional offices


Code P3B




ECTS credits 7 ECTS








Prerequisites Cannot be specified (due to the heterogeneity of the units accepting students)

(Potentially) followed by Cannot be specified (due to the heterogeneity of the acquired knowledge) Preliminary reading Deutsche Bundesbank: Internal rules and regulations, monthly reports.

Current publications by Bundesbank departments.

P3Ba Objectives of profes-sional competence for Department H (including the Service Centre for the Automation of Cash Processing and the Ser-vice Centre for Cash Management Logistics)

The students will learn about the tasks and processes in the Deutsche Bundes-bank's cash handling area. They will gain an overview of the overall cash cycle and be able to interpret the operational statistics for the cash handling area. The stu-dents will also gain an overview of all the major tasks covered by the Upper Inter-mediate Service in the cash handling area and be trained in activities typical of posts in that area.

P3Ba Objectives of profes-sional competence for Department H (including the Service Centre for the Automation of Cash Processing and the Ser-vice Centre for Cash Management Logistics)

- Structure and tasks of the Cash Department and the respective service centres - Sequence and monitoring of cash payment processes - Cash payment services of the Deutsche Bundesbank

P3Bb Objectives of profes-sional competence for Department Z (including the Service Centre for Computer Centre and Retail Payment Systems Operations)

The students will learn about the tasks and processes in the area of cashless pay-ments at the Deutsche Bundesbank. They will gain an overview of payment sys-tems in the national and international context. The students will also gain an over-view of the important tasks covered by the Upper Intermediate Service in the area of cashless payments and be trained in activities typical of posts in that area.


P3Bb Syllabus for Department Z (including the Service Centre for Computer Centre and Retail Pay-ment Systems Opera-tions)

- Structure and tasks of the Payments and Settlement Systems Department and the respective service centre

- Sequence and monitoring of processes in cashless payments - Payment and securities transaction services of the Deutsche Bundesbank - Where possible, shadowing selected payments projects

P3Bc Objectives of profes-sional competence for Department M (including the Section for Credit Assessment and Securi-ties at the regional offic-es) as well as Division Rc 1

Students will acquire knowledge of the tasks, processes and cooperation in both the operational and the strategic issues areas of monetary policy. They will gain an overview of how the provision of central bank money impacts on economic activity, interest rates and the real economy. In addition, students will learn about the tech-nical settlement of money market operations and be familiar with the framework provisions for these procedures. They will acquire knowledge of the trading activi-ties of the Deutsche Bundesbank. The students will be versed in the fundamentals of risk controlling at the Deutsche Bundesbank.

P3Bc Syllabus for Department M (including the Credit Assessment and Securi-ties Section) as well as Division Rc 1

- Structure and tasks of the Markets Department, the Section for Credit Assess-ment and Securities at the regional offices and the Risk Control Division

- Differences between the tasks carried out in the Markets Department, the aca-demic tasks performed by the Economics Department and the Financial Stabil-ity Department and the operational activities carried out by the Payments and Settlement Systems Department and the Statistics Department.

- Technical settlement of money market operations, including collateral manage-ment

- Activities in the strategic issues area of monetary policy and its cooperation with the operational area

- Impact of monetary policy activities on interest rates and the real economy - Trading activities of the Deutsche Bundesbank - Market management and floor trading activities - Fundamentals of valuating and structuring fixed-interest money and capital

market instruments, including the most important risk metrics - Portfolio management - The role of the Deutsche Bundesbank as a fiscal agent in central government

debt management - Credit assessment system and its implementation in practice - Introduction to risk controlling at the Deutsche Bundesbank - Fundamentals of national and international project business

P3Bd Objectives of profes-sional competence for Department S (including the Service Centre for External Sector Statis-tics and the Service Centre for External Sec-tor Audits and Reporting Queries)

Students will learn about the tasks and processes in the Statistics Department and will help to compile individual statistics. They will learn how to perform plausibility checks and prepare statistical data for various German and international statistics and will be introduced to applications of statistical data evaluation programmes.

P3Bd Syllabus for Department S (including the Service Centre for External Sec-tor Statistics and the Service Centre for Ex-ternal Sector Audits and Reporting Queries)

- Structure and tasks of Department S and the respective service centres - Overview of the value chain for compiling individual statistics, from operational-

ising the measurement target (including cooperation within the ESCB, with the Federal Statistical Office and international organisations), to collecting and pre-paring data, to presenting the results in publications and providing information in a user-friendly form for internal (in particular, the departments Vo, F, B, Z) and external units (eg ministries, research institutions)

- Significance of mathematical-statistical techniques for estimations, consolidat-ing information and as part of time series analyses

P3Be Objectives of profes-sional competence for Department F

Students will gain an overview of the key tasks and processes in the Financial Sta-bility Department and will assist in international committee work and/or observing and analysing financial markets and foreign economies.

P3Be Syllabus for Department F

- Conveying practical basic knowledge on financial stability - Structure and tasks of the Financial Stability Department - Processes (meeting preparations, committee work) - Assistance in writing analyses, reports, presentations

P3Bf Students will gain an overview of the tasks and processes in the Economics De-



Objectives of profes-sional competence for Department Vo

partment. Following on from the economic knowledge acquired during the theoreti-cal studies, they will see how the theoretical foundations are applied in practice in one of the Bundesbank's areas of work. In addition, students will help to write doc-uments communicating economic information to various internal and external read-ers.

P3Bf Syllabus for Department Vo

- Structure and tasks of the Economics Department - Overview of the methodologies employed by the department (models, simula-

tions, etc) - Significance of mathematical-statistical instruments for economic analyses - Assistance in writing analyses, reports, presentations


Module Organisation and tasks of areas with operational, operative monetary policy and financial stability functions Departments H, Z, M, F, Vo, S; Division Rc 1; service centres; Section for Credit Assessment and Securities at the regional offices


Code P4A




ECTS credits 7 ECTS









(Potentially) followed by Cannot be specified (due to the heterogeneity of the acquired knowledge) Preliminary reading Deutsche Bundesbank: Internal rules and regulations, monthly reports.

Current publications by the departments.

P4Aa Objectives of profes-sional competence for Department H (including the Service Centre for the Automation of Cash Processing and Service Centre for Cash Man-agement Logistics)

The students will learn about the tasks and processes in the Deutsche Bundes-bank's cash handling area. They will gain an overview of the overall cash cycle and be able to interpret the operational statistics for the cash handling area. The stu-dents will also gain an overview of all the major tasks covered by the Upper Inter-mediate Service in the cash handling area and be trained in activities typical of posts in that area.

P4Aa Objectives of profes-sional competence for Department H (including the Service Centre for the Automation of Cash Processing and Service Centre for Cash Man-agement Logistics)

- Structure and tasks of the Cash Department and the respective service centres - Sequence and monitoring of cash payment processes - Cash payment services of the Deutsche Bundesbank

P4Ab Objectives of profes-sional competence for Department Z (including the Service Centre for Computer Centre and Retail Payment Sys-tems Operations)

The students will learn about the tasks and processes in the area of cashless pay-ments at the Deutsche Bundesbank. They will gain an overview of payment sys-tems in the national and international context. The students will also gain an over-view of the important tasks covered by the Upper Intermediate Service in the area of cashless payments and be trained in activities typical of posts in that area.



P4Ab Syllabus for Department Z (including the Service Centre for Computer Centre and Retail Pay-ment Systems Opera-tions)

- Structure and tasks of the Payments and Settlement Systems Department and the respective service centre

- Sequence and monitoring of cashless payment processes - Payment and securities transaction services of the Deutsche Bundesbank - Where possible, shadowing selected payments projects

P4Ac Objectives of profes-sional competence for Department M (includ-ing the Section for Credit Assessment and Securities at the region-al offices) as well as Division Rc 1

Students will acquire knowledge of the tasks, processes and cooperation in both the operational and the strategic issues areas of monetary policy. They will gain an overview of how the provision of central bank money impacts on economic activity, interest rates and the real economy. In addition, students will learn about the tech-nical settlement of money market operations and be familiar with the framework provisions for these procedures. They will acquire knowledge of the trading activi-ties of the Deutsche Bundesbank. The students will be versed in the fundamentals of risk controlling at the Deutsche Bundesbank.

P4Ac Syllabus for Department M (including the Section for Credit Assessment and Securities) as well as Division Rc 1

- Structure and tasks of the Markets Department, the Section for Credit Assess-ment and Securities at the regional offices and Risk Control Division

- Differences between the tasks carried out in the Markets Department, the aca-demic tasks performed by the Economics Department and the Financial Stability Department and the operational activities carried out by the Payments and Set-tlement Systems Department and the Statistics Department.

- Technical settlement of money market operations, including collateral manage-ment

- Activities in the strategic issues area of monetary policy and its cooperation with the operational area

- Impact of monetary policy activities on interest rates and the real economy - Trading activities of the Deutsche Bundesbank - Market management and floor trading activities - Fundamentals of valuating and structuring fixed-interest money and capital

market instruments, including the most important risk metrics - Portfolio management - The role of the Deutsche Bundesbank as a fiscal agent in central government

debt management - Credit assessment system and its implementation in practice - Introduction to risk controlling at the Deutsche Bundesbank - Fundamentals of national and international project business

P4Ad Objectives of profes-sional competence for Department S (including the Service Centre for External Sector Statis-tics and the Service Centre for External Sec-tor Audits and Reporting Queries)

Students will learn about the tasks and processes in the Statistics Department and will help to compile individual statistics. They will learn how to perform plausibility checks and prepare statistical data for various German and international statistics and will be introduced to applications of statistical data evaluation programmes.

P4Ad Syllabus for Department S (including the Service Centre for External Sec-tor Statistics and the Service Centre for Ex-ternal Sector Audits and Reporting Queries)

- Structure and tasks of the Statistics Department and the respective service cen-tres

- Overview of the value chain for compiling individual statistics, from operational-ising the measurement target (including cooperation within the ESCB, with the Federal Statistical Office and international organisations), to collecting and pre-paring data, to presenting the results in publications and providing information in a user-friendly form for internal (in particular, the departments Vo, F, B, Z) and external units (eg ministries, research institutions)

- Significance of mathematical-statistical techniques for estimations, consolidating information and as part of time series analyses

P4Ae Objectives of profes-sional competence for Department F

Students will gain an overview of the key tasks and processes in the Financial Sta-bility Department and will assist in international committee work and/or observing and analysing financial markets and foreign economies.

P4Ae Syllabus for Department F

- Conveying practical basic knowledge on financial stability - Structure and tasks of the Financial Stability Department - Processes (meeting preparations, committee work) - Assistance in writing analyses, reports, presentations


P4Af Objectives of profes-sional competence for Department Vo

Students will gain an overview of the tasks and processes in the Economics De-partment. Following on from the economic knowledge acquired during the theoreti-cal studies, they will see how the theoretical foundations are applied in practice in one of the Bundesbank's areas of work. In addition, students will help to write doc-uments communicating economic information to various internal and external read-ers.

P4Af Syllabus for Department Vo

- Structure and tasks of the Economics Department - Overview of the methodologies employed by the department (models, simula-

tions, etc) - Significance of mathematical-statistical instruments for economic analyses - Assistance in writing analyses, reports, presentations



Module Organisation and tasks of areas with interdisciplinary functions (in-house and branch operations of a regional office, departments C, IT, K, P, Rv, Vb, ÖB, R, Secretariat for European Affairs, Procurement Centre, ser-vice centres)


Code P4B




ECTS credits 7 ECTS










Current publications by the departments. Current publications by BaFin. Relevant legal sources.

P4Ba, P4Bb, P4Bc, P4Bd Objectives of profes-sional competence for in-house operations of a regional office

The students will acquire a general understanding of the key tasks and processes at a regional office and, where applicable, a branch. They will gain an overview of the regional office’s relationships with the various departments of the Deutsche Bun-desbank and the branches attached to it. The students will be familiar with the key fields of activity in the Upper Intermediate Service at the regional offices and the branches and will be able to describe typical tasks. They will also acquire knowledge of the fundamentals of human resources management and the supervi-sion of operations at the respective units and will be familiar with the relevant inter-nal rules and regulations. During their time at a regional office, students may spend between two and three weeks at a branch (syllabus of P4Bd).

P4Ba Syllabus for the Operational Organisa-tion Section

- Overview of the structure and tasks of a regional office - General operational organisation - Construction matters, security, protection of property - Organisation of cash and cashless payments / account management - Departmental controlling, operational statistics

P4Bb Syllabus for the Human Resources Section

- Staff relations - Internal staff services - Remuneration matters

P4Bc Syllabus for the Administration Section

- Commercial facility management - Management of office and residential buildings - Overview of other areas

P4Bd Syllabus for in-house operations of a branch

- Introduction to cash payment operations - Introduction to the creation of teams and posts - Introduction to the cash management system (BMS)


P4Be Objectives of profes-sional competence for Department C (including the Service Centre for Administrative Account-ing, Asset Accounting and Master Data Ad-ministration and the Service Centre for Cost Accounting Data Provi-sion)

Students will learn about the most important tasks and processes in the area of controlling. They will acquire an overview of the various activities of the Upper In-termediate Service at the Bundesbank's Controlling Department and be familiar with the key controlling instruments used by the Deutsche Bundesbank and the Eurosys-tem (eg strategic planning, cost and performance accounting, general accounting, HR standards, standard cost accounting, organisational consulting and analysis, job evaluation).

P4Be Syllabus for Department C (including the Service Centre for Administra-tive Accounting, Asset Accounting and Master Data Administration and the Service Centre for Cost Accounting Data Provision)

- Structure and tasks of the Controlling Department - Controlling instruments and processes - Organisational methods and project work - Accounting structure at the Deutsche Bundesbank

P4Bf Objectives of profes-sional competence for the IT Department

Students will gain an overview of the key tasks of the Information Technology De-partment, the services it provides and the Deutsche Bundesbank's IT infrastructure. They will assist in IT projects and apply project and process management methods. They will recognise the significance of IT support for business processes and the necessity of cooperating closely with the business units.

P4Bf Syllabus for the IT Department

- Structure and tasks of the IT Department - Processes (in particular, procurements and project planning) - Methods for IT project work; involvement in IT projects

P4Bg Objectives of profes-sional competence for Department K (including the Regional Presi-dents’ Offices)

Students will gain an overview of the key tasks and processes of the Bundesbank's Communications Department (including the Regional Presidents' Offices) and will help design and implement press and public relations projects, organise and carry out public relations events or design internal communication media (in-house maga-zine, intranet). They will learn about the most important communications interfaces within the Bank and the importance of properly functioning external and internal communication for the image of the Bundesbank. They will be able to implement ideas and editorial contributions with technical support.

P4Bg Syllabus for Department K (incl. the Regional Presidents’ Offices)

- Structure and tasks of the Communications Department (including the Regional Presidents' Offices)

- Methods and techniques of external and internal communication

P4Bh Objectives of profes-sional competence for Department P (including the Service Centre for Staff Loans and the Service Centre for Travel and Relocation Expenses and Family Separation Allowance)

Students will gain an overview of the key tasks and processes in the Human Re-sources Department and will primarily assist in implementing them in the areas of human resources management and/or internal staff services. Students will learn about the activities of the Upper Intermediate Service and will be familiar with basic methods and typical tasks relating to HR activities. In addition, they will be able to deal with legal issues relating to HR activities (eg labour law, collective bargaining law).

P4Bh Objectives of profes-sional competence for Department P (including the Service Centre for Staff Loans and the Service Centre for Travel and Relocation Expenses and Family Separation Allowance)

- Structure and tasks of the Human Resources Department - Human resources legal framework - Human resources management instruments and processes, including interfaces

with other business units

P4Bi Objectives of profes-sional competence for

Students will gain an overview of the key tasks and processes in the Audit Depart-ment and will assist in carrying them out. They will have knowledge of the relevant audit standards and, where possible, assist in planning, performing, evaluating,



Department Rv reporting and documenting audit activities.

P4Bi Syllabus for Department Rv

- Structure and tasks of the Audit Department - Audit methods - Where possible, assistance in audit activities (in particular, planning, perfor-

mance, evaluation, reporting or documentation)

P4Bj Objectives of profes-sional competence for Department Vb (including the Service Centre for Housing Ad-ministration and Holiday Homes)

Students will gain an overview of the key tasks and processes in the Administration and Premises Department and will assist in carrying them out. They will assist in facility, property or construction management activities or in the area of logistics management.

P4Bj Syllabus for Department Vb (including the Ser-vice Centre for Housing Administration and Hol-iday Homes)

- Structure and tasks of the Economics Department, including the respective ser-vice centre

- Processes (in particular, project, logistics or construction planning) - Assistance in project work - Where possible, assistance in compiling instruction manuals

P4Bk Objectives of profes-sional competence for Department ÖB

Students will gain an overview of the key tasks and processes in the Economic Edu-cation, University and Technical Central Bank Cooperation Department and will assist in implementing these in the areas of education, training, technical central bank cooperation (TCBC), the University of Applied Sciences, economic education, information management, the Money Museum and numismatics. Students will learn about the activities of the Upper Intermediate Service and will be familiar with the basic methods for tasks typically performed in the department. In addition, they will be able to deal with legal issues relating to internal and external educational tasks and the specific career path regulations. Students will complete tasks relating to technical central bank cooperation and organising and carrying out education, train-ing and economic education seminars. They will take on assignments at the Money Museum and perform tasks in the archives and the library.

P4Bk Syllabus for Department ÖB

- Structure and tasks of the Economic Education, University and Technical Cen-tral Bank Cooperation Department

- Processes (in particular, organisation and implementation of internal and exter-nal education programmes)

- Methods of information management (library, documentation/research, archives) - Organisational methods and project work

P4Bl Objectives of profes-sional competence for Department R

The students will gain an overview of the tasks and the structure of the Legal De-partment and develop an awareness for legal issues (identifying potential legal prob-lems) as well as an ability to solve them (necessity for the involvement of the Legal Department).

P4Bl Syllabus for Department R (including the Service Centre for Financial Sanctions)

- Structure and tasks of the Legal Department - Processes (eg involving the Legal Department in projects/tasks of other depart-

ments, organising and carrying out the preparatory work for meetings of the ECB Governing Council and the Legal Committee)

- Where possible, case studies/workshops

P4Bm Objectives of profes-sional competence for the Secretariat for European Affairs

Students will become acquainted with the key tasks and processes in the Secretari-at for European Affairs and will assist in carrying them out. They will recognise the importance of and need for close cooperation with the business units.

P4Bm Syllabus for the Secretariat for Europe-an Affairs

- Structure and tasks of the Secretariat for European Affairs - Processes (in particular, preparatory work for meetings, written procedures) - Assistance in establishing procedures in the EURAS database - Where possible, evaluations of business-unit-specific projects/tests

P4Bn Objectives of profes-sional competence for the Procurement Centre

Students will become acquainted with the key tasks and processes in the Procure-ment Centre and will assist in carrying them out. They will contribute to the comple-tion of tasks in the area of procurement.

P4Bn Syllabus of the Procurement Centre

- Structure and tasks of the Procurement Centre - Processes (in particular, in the context of procurements) - Assistance in project work - Where possible, assistance in compiling instruction manuals


Module Internship at a different suitable institution in Germany or abroad Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code P4C

Objectives of profes-sional competence of the module


Type Elective module for an internship at an institution in Germany or abroad. Quantitative content 20%, English-language content 10% (higher percentage if module is com-pleted abroad), legal content 10% (or higher)

ECTS credits 7 ECTS







Main tutor at the respective institution



Current publications by the recruiting institution.

Objectives of profes-sional competence at the institution in Ger-many or abroad

Students will learn about the key tasks of the recruiting institution (eg central bank, banking supervisory authority or international organisation) and will have knowledge of the institution's links with the ESCB and the Deutsche Bundes-bank. The University may impose additional academic objectives on individual stu-dents, depending on the institution.

Syllabus Cannot be specified (due to the large number of possible applications)



Module Organisation and tasks of banking supervision (Department B, Banking and Financial Supervision Division of a regional office, BaFin)


Code P4D




ECTS credits 7 ECTS





Teaching methods Tutoring sessions with practical studies tutors and members of staff, practical train-ing at individual posts, independent study



Prerequisites A4 Credit and banking supervision V2 Analysis of financial statements and financial instruments V5 Banking, securities and insurance supervision (as a rule) W2 Case studies on financial supervision (as a rule)

(Potentially) followed by Cannot be specified (due to the heterogeneity of the acquired knowledge) Preliminary reading The Banking Act and regulations relating to the Banking Act, eg the Solvency Regu-

lation, Liquidity Regulation, etc; key publications and papers on supervision, eg the Prudential Supervisory Guideline, Minimum requirements for risk management (MaRisk), BaFin authorisation memorandums; CRR, CRD IV, Basel II and Basel III frameworks

P4Da Objectives of profes-sional competence (Bundesbank: Banking Supervision Department and Banking and Finan-cial Supervision Division of a regional office)

Students will learn about the tasks and processes of banking and financial services supervision at Central Office and/or the regional offices. They will gain an overview of the importance of supervision for the proper functioning of the financial sector and will be able to describe the cooperation and interfaces between the Deutsche Bun-desbank and BaFin. With regard to on-site inspections, ongoing supervision activi-ties and the credit register for large exposures and loans of €1.5 million or more, they will learn about typical tasks carried out by the Upper Intermediate Service, be familiar with the requirements of the most important posts and have an overview of the relevant legal regulations.

P4Da Syllabus (Bundesbank: Banking Supervision Department and Bank-ing and Financial Su-pervision Division of a regional office)

- Tasks and functions of banking and financial services supervision in Germany - Competencies and processes in supervisory work (in general) - Instruments of risk-based supervision (including reporting systems, financial

statement audit reports, supervisory meetings, on-site inspections) - Processing policy and interpretation issues relating to national and international

supervisory regulations/papers - Evaluation of prudential information as a basis for assessing current and poten-

tial risks - Studies on banking supervision issues using data from the credit reporting sys-

tem - Clarification of facts in the context of ongoing supervision of banks and financial

services institutions - Interlinking the findings, evaluations and actions of risk-based supervision in the

risk profile


P4Db Objectives of profes-sional competence (BaFin)

Students will learn about the practical tasks and processes of BaFin's banking and financial supervision, Pillar BA. They will gain an overview of the importance of banking supervision for the proper functioning of the banking sector. In the specialist supervision sections, students will learn about typical tasks carried out by the Upper Intermediate Service, be familiar with the requirements of the most important posts and have an overview of the relevant legal regulations. In particular, they will have been introduced to the main banking supervision processes 2-5 (processing of in-coming information, active procurement and processing of information, invasive measures and decisions upon request). In the basic issues sections, students will learn about typical tasks carried out in the Upper Intermediate Service and will have an overview of the relevant legal regulations. In particular, they will have become acquainted with the main banking supervision processes 7 and 8 (general manage-ment and basic processes).

P4Db Syllabus (BaFin)

In the specialist supervision sections: - Tasks and functions of banking supervision in Germany - Supervisory instruments (including supervisory actions, risk profile, supervisory




Module Professional specialisation at the recruiting authority Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code P4E

Objectives of profes-sional competence of the module


Type Elective module for specialising in the envisaged first employment post at the Bun-desbank Quantitative content 20%, English-language content 10%, legal content 10% (or higher)

ECTS credits 7 ECTS







Practical studies tutor or main tutor at the respective institution



Current publications by the recruiting institution.

Objectives of profes-sional competence for specialising in the en-visaged first employ-ment post

Students will learn about the most important tasks and processes at their future workplace. In addition, they will gain an overview of the key fields of activity in the Upper Intermediate and the Higher Service in their division and the functional pro-cesses in their area.

Syllabus Cannot be specified (due to the large number of possible applications)


Module Organisation and tasks of a Bundesbank branch Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code P4F


Following the In-depth study 2

Type Elective module; quantitative content 20%, English-language content 0%, legal con-tent 50%

ECTS credits 7 ECTS








Prerequisites A3 Payment transactions (as a rule) V4 Organisation, human resources management and contract management W3 Case studies on payment and financial market infrastructure

(Potentially) followed by Cannot be specified (due to the heterogeneity of the acquired knowledge) Objectives of profes-sional competence

The students will learn about the tasks and processes at a branch, particularly in the cash handling area. They will gain an overview of the cash cycle and the signifi-cance of cash payments for the Deutsche Bundesbank and will participate in the activities of typical posts in the Upper Intermediate Service. The students will also grasp the fundamentals of human resources management and the supervision of operations at branches and will master the most important internal rules and regula-tions in the Bundesbank's cash handling area.

Preliminary reading Deutsche Bundesbank: Internal rules and regulations. Publications of the Bundesbank’s Cash Department and the ECB on cash payments.

Syllabus Introduction to business operations and operational supervision - Division of tasks, operational structure - Criteria for the creation of teams/posts - Granting authorisation (eg key guide, BMS) - Observing operational procedures (eg working in areas under video surveillance,

machine efficiency) - Explaining the internal control structure and compiling the operational supervi-

sion plan (eg charts on the structure of teams/checks) - Analysis of potential weak points and corrective measures - Evaluations in BMS (CashEDI) - Measures in the event of discrepancies in the cash handling area, processing

liability issues and reimbursement claims - Complex issues regarding account management (eg in the event of overdrafts,

breach of account terms and conditions, death, insolvency, attachment) - Approving measures with an impact on expenditure Introduction to human resources management/administration - Managing human resources (deployment plan, holiday plan, etc) - The branch working time model, alternative working time models - Internal communication (including team leader and team meetings) - Fundamentals of human resources management (eg appraisals, employee

feedback meetings, staff development, career management including further training, incentives)

- Handling complex HR issues (welfare, health management including in-house integration management, sanctions, staff representation, equal treatment)



Introduction to security, protection of property, building management - Defining the concept of property protection (including security regulations) - Contacts with local police; measures in the event of a robbery/emergency - Work health and safety, workplace ergonomics and assessments of workplace-

related hazards Introduction to external contacts - Meetings with customers, cultivating contacts with local businesses (eg cash-in-

transit companies, credit institutions) - Events on counterfeit prevention (eg schools, commercial enterprises, credit

institutions)


3.2 Practical studies for BaFin students

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

P1 Foundation

course P1

Advanced study


In-depth study 2

BT Practical study

4

Code Module Study stage ECTS Duration Type Examination

P1-1: Overview of the recruiting authority part 1


See part 2 2 months

(part 1: 4-9 days)

Mandatory module

In part 2

P1-2: Overview of the recruiting authority part 2


7 Mandatory module

For each module students must take one exami-nation consisting of a performance evaluation (25%)

and an examination (75%). The dif-ferent modes of examination are:

o Internship re-port

o Completing another practi-cal task typi-cally per-formed in the Upper Inter-mediate Ser-vice

o Presentation

o Paper

o Oral exam

P2: Organisation and tasks of banking supervision

Practical study 2

7 Around 7 weeks

Mandatory module

P3A: Organisation and tasks of securities supervision Practical

study 3

7 Around 7 weeks

Mandatory module

P3B: Organisation and tasks of insurance supervision

7 Around 7 weeks

Mandatory module

P4A: Organisation and tasks of interdisciplinary supervisory areas

Practical study 4

7 Around 7 weeks

Mandatory module

P4B: Organisation and tasks of banking supervision (deepening of knowledge)

7 Around 7 weeks

Mandatory module

P4C: Professional specialisation at the BaFin or internship at a different suitable institution in Germany or abroad

7 Around 7 weeks

Mandatory module



Module Overview of the recruiting authority – part 1 Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code P1-1


Prior to the foundation course


ECTS credits See P1-2

Duration 4 to 9 working days

Examination date See P1-2 Mode of examination (percentage of English)

See P1-2

Teaching methods Lectures, assignments, independent study


Main tutor

Prerequisites ---

(Potentially) followed by G3 Introduction to the banking industry


Students will gain an overview of the tasks and organisation of BaFin. They will have been introduced to the corresponding legal framework and will be familiar with the relevant rules of procedure of the institution. In addition, students will under-stand BaFin's role in the context of national, European and international supervi-sion. They will have a general understanding of legal and specialist supervision by the Federal Ministry of Finance, the activities of the Administrative Council, Adviso-ry Board, special advisory committees of the business units and the inspection and monitoring rights of the Federal Court of Auditors. The students will understand their legal status as civil servants. They will also be familiar with basic rules and regulations, procedures and internal rules and regulations. They will have the op-portunity to become acquainted with the staff representation committees. Students will receive an introduction to BaFin's standard software.

Preliminary reading Civil service law provisions, internal rules and regulations of BaFin

Syllabus - Course of study including rules and regulations - Overview of the tasks and organisation of BaFin, including legal framework and

BaFin's role in the context of national, European and international supervision - Legal status of civil servants - Introduction to BaFin's standard software


Module Overview of the recruiting authority – part 2 (Z/IT und EVG/GW) Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code P1-2


Part of practical study 1, ie following the foundation course


ECTS credits 7 ECTS (including part 1 of practical study 1)




§ 18 (5) GBankDVDV (examination regulations): Examinations § 18 (4) will be eval-uated with a weighting of 75% and the official valuation of shown working perfor-mance with a weighting of 25 %. The examination during the practical studies could be 1. an internship report, 2. a presentation, 3. preparing a paper, 4. completing a practical task typically performed in the Upper Intermediate Service, 5. an oral exam. The responsible training officer prepares under participation of the trainers perfor-mance evaluations for each module, containing the fundamental performance and competence characteristics (engagement, analytical und practice-oriented thinking, social behaviour, work organisation, mode of expression). The module examination refers to part 1 and part 2 of practical study 1

Teaching methods Practical instruction, independent study, working group on overarching issues



Prerequisites P1-1

(Potentially) followed by Cannot be specified (due to the heterogeneity of the units accepting students)

Objectives of profes-sional competence P 1-2 (general)

The students will learn about BaFin's structure and organisation and its role and function with regard to fulfilling the statutory responsibilities. They will be able to correctly process operations by following internal provisions on countersignatures, the internal management and control system and participating interests. Students will be able to recognise interfaces and initiate contact accordingly without instruc-tion. They will have knowledge of the internal rules and instructions and will be able to process operations independently via subsumption.

Preliminary reading Civil service and administrative provisions, internal rules and regulations of BaFin

Syllabus P 1-2 SP / ZI 2 / ZI 3 / ZII 5

- Fundamentals of the structure and organisation of operations (eg internal man-agement and control system, organisation chart, rules of procedure)

- Staff development (eg employee feedback meetings, further training) - Staff relations (fundamentals of civil service and collective bargaining law)

Syllabus P 1-2 GW

- Fundamentals of institution-specific money laundering supervision - Overview of the tasks of the prevention of money laundering (GW) department

regarding the supervision of credit institutions, insurance companies, financial services institutions and payment institutions and the account access procedure

- Evaluation of inspection reports, risk classification and introduction of superviso-ry measures

- Fundamentals of supervising leasing and factoring enterprises

Syllabus P 1-2 IT

- IT security, IT controlling, IT strategy, assistance in procurement and award ac-tivities

- Budget, ITR4 web, assistance in creating and developing IT concepts - Technical procedures, database applications, second level support for standard

office applications, systems administration



Syllabus P 1-2 EVG

- Fundamentals of the structure and organisation of operations (eg internal man-agement and control system, organisation chart, rules of procedure)

- Systematic foundations (definition of white, grey and black capital markets, banking and insurance supervision law as a special commercial law)

- Fundamentals of the licensing requirement pursuant to the Banking Act, Insur-ance Supervision Act and Payment Services Oversight Act (cases requiring au-thorisation, exceptional circumstances, exemptions)

- Fundamentals of prosecuting unauthorised financial transactions pursuant to the Banking Act, Insurance Supervision Act and Payment Services Oversight Act (powers of investigation and intervention, criminal liability/cooperation with law enforcement authorities, cross-border cases/cooperation with foreign supervisory authorities)

- Overview of the system of appeal procedures (in conjunction with the prosecu-tion of unauthorised financial transactions)


Module Organisation and tasks of banking supervision Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code P2


Part of practical study 2, ie following the advanced course


ECTS credits 7 ECTS




§ 18 (5) GBankDVDV (examination regulations): Examinations § 18 (4) will be evalu-ated with a weighting of 75% and the official valuation of shown working performance with a weighting of 25 %. The examination during the practical studies could be 1. an internship report, 2. a presentation, 3. preparing a paper, 4. completing a practical task typically performed in the Upper Intermediate Service, 5. an oral exam. The responsible training officer prepares under participation of the trainers perfor-mance evaluations for each module, containing the fundamental performance and competence characteristics (engagement, analytical und practice-oriented thinking, social behaviour, work organisation, mode of expression).




Prerequisites A4 Credit and banking supervision (as a rule)

(Potentially) followed by

V5 Banking, securities and insurance supervision

Objectives of profes-sional competence (general)

Students will learn about the practical tasks and processes of BaFin's banking and financial supervision activities, Pillar BA. They will gain an overview of the importance of banking supervision for the proper functioning of the banking sector. In the special-ist supervision sections, students will learn about typical tasks carried out by the Up-per Intermediate Service, be familiar with the requirements of the most important posts and have an overview of the relevant legal regulations. In particular, they will have been introduced to the main banking supervision processes 2-5 (processing of incoming information, active procurement and processing of information, invasive measures and decisions upon request). In the basic issues sections, students will learn about typical tasks carried out by the Upper Intermediate Service and will have an overview of the relevant legal regulations. In particular, they will have become acquainted with the main banking supervision processes 7 and 8 (general manage-ment and basic processes).

Preliminary reading Current publications and papers by the banking and financial supervision department and BaFin

Syllabus In the specialist supervision sections: - Tasks and functions of banking supervision in Germany - Supervisory instruments (including supervisory actions, risk profile, supervisory




Module Organisation and tasks of securities supervision (departments WA 1 to WA 5)


Code P3A

Academic level of module Part of practical study 3, ie following in-depth study 1


ECTS credits 7 ECTS








Prerequisites V5 Banking, securities and insurance supervision (as a rule)

(Potentially) followed by Cannot be specified (due to the heterogeneity of the acquired knowledge)

Objectives of profes-sional competence P3A

Students will acquire detailed knowledge of the statutory regulations relevant to securities supervision. In addition to the requirements and internal processes (eg method for giving internal administrative instructions) for preparing information re-quests and other administrative acts pursuant to section 4 of the Securities Trading Act (Wertpapierhandelsgesetz) and section 40 of the Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz), students will become familiar with procedures for supervisory examinations, processing requests and issuing authorisations.

Preliminary reading Current publications and papers by the securities supervision and financial supervi-sion departments and BaFin

Syllabus P3A; WA 1 - Monitoring of notification and publication duties and transmission duties to the company register in the event of changes in the share of voting rights in listed public limited companies (sections 21 et seq of the Securities Trading Act) and notification and publication duties pursuant to sections 30a to 30g of the Securi-ties Trading Act

- Processing bid offers (mandatory, takeover and securities acquisition bids) for target companies throughout Germany, processing market supervision proce-dures and exemption procedures

- Monitoring financial reporting requirements pursuant to sections 37v et seq of the Securities Trading Act

Syllabus P3A; WA 2 - Insider surveillance (stages of an insider trading investigation, cooperation with the police and the public prosecutor's office)

- Monitoring ad hoc disclosure of German and foreign enterprises admitted to exchange trading

- Policy issues in the area of clearing and settlement - Monitoring publication duties for directors' dealings - Monitoring compliance with the ban on short selling - Review of securities and investment prospectuses - Monitoring market manipulation (stages of a market manipulation investigation,

cooperation with the police and the public prosecutor's office) - Market analysis (preliminary inspection and analysis of potential insider and

market manipulation violations)


Syllabus P3A; WA 3 - Monitoring analysts of financial instruments and competence and transparency rules pursuant to section 34b of the Securities Trading Act and notification re-quirements pursuant to section 34c of the Securities Trading Act

- Securities Trading Act supervision of foreign and private banks - Securities Trading Act supervision of savings and cooperative banks - Banking Act and Securities Trading Act supervision of financial service provid-

ers including cross-border financial service providers and branches

Syllabus P3A; WA 4 - Supervision of investment companies pursuant to the Investment Act (Invest-mentgesetz), including those authorised to issue open-end real estate funds and hedge funds

- Supervision of custodian banks in terms of their depository function pursuant to the Investment Act

Syllabus P3A; WA 5 - Review of securities and investment prospectuses - Monitoring analysts of financial instruments and competence and transparency

rules pursuant to section 34b of the Securities Trading Act and notification re-quirements pursuant to section 34c of the Securities Trading Act

- Market supervision on investments and offers of securities.



Module Organisation and tasks of insurance supervision Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Code P3B




ECTS credits 7 ECTS








Prerequisites V5 Banking, securities and insurance supervision (as a rule)


Objectives of profes-sional competence P3B (general)

The students will learn about BaFin's structure and organisation and its role and function with regard to fulfilling the statutory responsibilities. They will be able to correctly process operations by following internal provisions on countersignatures, the internal control and management system and participating interests. Students will be able to recognise interfaces and initiate contact accordingly without instruc-tion. They will have knowledge of the internal rules and instructions and will be able to process operations independently via subsumption.

Preliminary reading Current publications and papers by BaFin’s insurance supervision and financial su-pervision departments

Syllabus P3B - Structure of insurance supervision and presentation of Pillar VA - Fundamentals of operational supervision of property insurers - Fundamentals of operational supervision of personal insurers - Case studies from ongoing supervision; overview of typical activities of the Up-

per Intermediate Service - Case studies, eg on preparing an evaluation memorandum for an insurance

company's financial statement


Module Organisation and tasks of interdisciplinary supervisory areas (IFR[INT], Q RM, SR or VBS)


Code P4A




ECTS credits 7 ECTS










Preliminary reading Internal rules and regulations of BaFin, publications relevant to the content being taught

Objectives of profes-sional competence P4Aa INT

Students will learn about the structure and organisation of the international poli-

cy/affairs (INT) department and the activities and objectives in this area. They will

recognise interfaces with other BaFin units and the procedural integration of all or-ganisational units through the collegiate system. They will learn about the key global standard-setting bodies (FSB, BCBS, IAIS, IOSCO, Joint Forum) and the European supervisory structure (EBA, EIOPA, ESMA, ESRB) as well as their tasks and func-tions when setting and helping to shape international regulatory standards. In this regard, students will also know the fundamentals of the European legislative proce-dure (including the Lamfalussy framework). They will know the key forms of interna-tional cooperation (eg MoUs, bilateral meetings) and technical cooperation (eg twin-ning).

Syllabus P4Aa INT - Organisational and operational structure of the INT department (including the collegiate system)

- Setting and helping to shape international regulatory standards (including archi-tecture of the global standard-setting bodies and the European supervisory structure)

- Tasks/objectives in the context of bilateral and technical cooperation

Objectives of profes-sional competence P4Ab Q RM

Upon completion of this module, students will be versed in the tasks of the Q RM department in the general context of BaFin, the fundamentals of the risk types to be modelled, the basic provisions and implementation of the regulatory requirements for quantifying risks using internal models (Basel II/III, Solvency 2), have an overview of technical aspects of risk modelling and know the fundamentals of using risk models in risk management processes.

Syllabus P4Ab Q RM - Introduction to the work of Q RM - Introduction to market, credit, actuarial and operational risks - Approaches to risk modelling - Aspects of regulatory requirements for the modelling of risks - Aspects of applying risk models in risk management processes of

banks/insurance companies



Academic objectives P4Ac SR (general)

Students will know how the AS department cooperates with the three supervisory pillars. They will be familiar with the structure of the risk committee and understand the workflows of the committee's secretariat. They will know the links between micro and macroprudential supervision and be able to carry out their own analyses. The students will be acquainted with the fundamentals of strategic management at BaF-in.

Syllabus P4Ac SR – International Financial Reporting Standards – Introduction to country risk analysis – Complex financial instruments – Impact assessment and financial stability analysis – Identifying and analysing financial market risks and economic environment risks – Fundamentals of strategic management at BaFin

Objectives of profes-sional competence P4Ad VBS (general) (VBS = Ver-braucherschutz = Con-sumer protection)

Students will learn about the organisation and structure of a key interdisciplinary department in financial supervision and will be able to understand the tasks and functions as well as their significance for financial supervision as a whole. They will comprehend the procedure for processing consumer complaints regarding super-vised entities, receive an overview of the structures of deposit guarantee and inves-tor compensation schemes and collateral funds and understand the role of legal units in financial supervision.

Syllabus P4Ad VBS - Structure and organisation of operations in interdisciplinary department Q 2 - Fundamentals of consumer protection in financial supervision, in particular pro-

cessing entries and complaints regarding supervised entities - Fundamentals and modus operandi of indemnification schemes, deposit guaran-

tee schemes, collateral funds and investor compensation schemes - Structure and modus operandi of legal units in financial supervision, fundamen-

tals and special features of appeal procedures and fundamentals of processing applications pursuant to the Freedom of Information Act (Informationsfrei-heitsgesetz)


Module Organisation and tasks of banking supervision (deepening of knowledge)


Code P4B




ECTS credits 7 ECTS








Prerequisites As a rule: A4 Credit and banking supervision V5 Banking, securities and insurance supervision W2 Case studies on financial supervision

(Potentially) followed by Cannot be specified (due to the heterogeneity of the acquired knowledge) Preliminary reading Current publications and papers by the banking and financial supervision depart-

ments and BaFin

Number of students The sequence of modules P4A and P4B can be freely chosen; as a result, students may be split into various groups.


Deepening of knowledge. Students will learn about the practical tasks and process-es of BaFin's banking and financial supervision, Pillar BA. They will gain an overview of the importance of banking supervision for the proper functioning of the banking sector. In the specialist supervision sections, students will learn about typical tasks carried out by the Upper Intermediate Service, be familiar with the requirements of the most important posts and have an overview of the relevant legal regulations. In particular, they will have been introduced to the main banking supervision processes 2-5 (processing of incoming information, active procurement and processing of in-formation, invasive measures and decisions upon request). In the basic issues sec-tions, students will learn about typical tasks carried out in the Upper Intermediate Service and will have an overview of the relevant legal regulations. In particular, they will have become acquainted with the main banking supervision processes 7 and 8 (general management and basic processes).

Syllabus In the specialist supervision sections: - Tasks and functions of banking supervision in Germany - Supervisory instruments (including supervisory actions, risk profile, supervisory




Module Elective module: at BaFin (if possible, specialisation in envisaged first employment post) or at a different institution in Germany or abroad


Code P4C



Type Mandatory module; for specialising in the envisaged first employment post at the Bundesbank, BaFin or a foreign institution. Quantitative content 20%, English-language content 10% (higher percentage if module is completed abroad), legal content 10% (or higher)

ECTS credits 7 ECTS









(Potentially) followed by Cannot be specified (due to the heterogeneity of the acquired knowledge) Preliminary reading Internal rules and regulations of BaFin, publications relevant to the content being

taught

P4Ca: Objectives of professional compe-tence for specialising in envisaged first employ-ment post

Students will learn about the most important tasks and processes at their future workplace. In addition, they will gain an overview of the key fields of activity in the Upper Intermediate and the Higher Service in their department and the functional processes in their area.

P4Cb: Objectives of professional compe-tence for internships outside the recruiting authority

Students will learn about the key tasks of the recruiting institution and will have knowledge of the links between BaFin and other relevant national and international organisations. The University may impose additional academic objectives on indi-vidual students, depending on the institution.

Syllabus P4C Cannot be specified (due to the large number of possible applications)



4 Bachelor’s thesis

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

P1 Foundation

course P1

Advanced study


In-depth study 2


D/FE

Study part Bachelor’s thesis Degree programme Bachelor of Science, "Zentralbankwesen / Central Banking" degree programme

Study part - Code BT

Type Mandatory module, the respective shares of quantitative, English-language and legal content vary depending on the topic but amount to around 20% on average for all students

ECTS-credits 12 credit points (ECTS-Credits)

Academic workload 360 hours

Preparation time Eight weeks

Prerequisites Successful completion of all module examinations in the previous study parts § 12 (2) Sent. 1 No 1 to 7 GBankDVDV (examination regulations)

Academic objectives The Bachelor's thesis provides students with the opportunity to prove their ability to produce academic work independently by preparing a written report on a practical academic issue. By defending their Bachelor's thesis, students will prove that they have acquired sound knowledge of the topic they worked on and that they are able to explain and justify the methods employed and results obtained.

Preliminary reading Stickel-Wolf, Chr./Wolf, J.: Wissenschaftliches Arbeiten und Lerntechniken, latest edition. Vollmer, H. U./ Brauner, D. J.: Erfolgreiches wissenschaftliches Arbeiten. Semina-rarbeit – Bachelor-/Masterarbeit – Doktorarbeit, latest edition.

The course concludes with the defence of the bachelor thesis (D) and an oral final exam (FE). In the

defence of the bachelor thesis, the students demonstrate that they have secure knowledge in the

topics worked and can explain and justify the methods used and the results achieved. The defence

lasts 30 minutes. It begins with a roughly 15-minute presentation of the essential contents and con-

clusions of the bachelor thesis by the students or students. Subsequently, technical questions relat-

ing to the bachelor thesis and the presentation are asked. Once the students have passed the de-

fence of the bachelor thesis, they have been admitted to the oral final exam.

In the interdisciplinary exam, students should demonstrate that they can make links between the con-

tent of the modules completed during their in-depth study periods and prove that the knowledge and

skills they have acquired are sufficient to meet the requirements of the Bundesbank's Upper Interme-

diate Service.

The career exam will be passed successfully if the number of module examinations prescribed in the

curriculum, the bachelor thesis, the defence of the bachelor thesis and the oral final exam each

passed or have been previously recognized. With the successful completion of the course, students

acquire 180 credits under the European system for the transfer and accumulation of academic

achievements.

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