The specific strength of FinMetrics lies in its capacity to accompany you not only with our advisory services and practical solutions but also in terms of knowledge transfer, identification of new opportunities and skills enhancement.
We have a long track record in training professionals in financial and non-financial firms in our areas of expertise, building workgroups and brainstorming new business opportunities or requirements. All subjects are available in introductory and advanced formats.
Here is a sample of our coverage:
- Corporate Financial Valuation
This area covers many topics related to Investment Valuation for Corporates including among others: discounted cash flow analysis, adjusted present value, firm vs project value, shareholder value (principles and methods), real option valuation, Cash Flows @Risk, calculating the cost of capital (models and recent extensions), valuing mergers & acquisitions, IPOs, valuing projects in emerging markets.
- Derivatives’ valuation
We cover both qualitative and quantitative notions. This subject can be covered from various points of view: investments, hedging, corporate financing, remuneration schemes such as stock option plans, etc… Principles of valuation, limitations, and incentives for governance purposes are shown.
- Valuation of Structured Products. When banks turn on designing products, they may be very creative. Structured products give breath to financial engineers for the design of securitized strategies. Sale managers, structurers, quants and many intermediaries in general may contribute to the chain of production. Understanding residual risk and potential revenue while keeping an eye on the real objective beyond the fancy product is a requirement to avoid gambling attitudes towards these sometimes helpful instruments. Structuring deals with the understanding of how hybrid strategies combine products to generate payoff profiles that may not be present at all with the components alone.
- Risks in Hedge Fund Management. Many banks are considering Hedge Funds as an asset class per se. What are the motivations of the banks to propose this to their clients, what risks may banks bear in the future, and for their clients? Some sub-subjects: regulation, funds of funds, is diversification playing the same role as for traditional assets?, strategies and their behavior, etc…
- On best practices in risk management. The risk management virtuous includes : (a) risk identification, (b) the definition of the risk policy, (c) risk measurement, (d) risk monitoring, (e) decision-making based on the risk policy, (e) feedback, (f) and back to the start… Risk sources evolve, regulations evolve, impacts evolve,… but some key practices, with their processes, and their points of attention, obey to enduring financial principles and logic.
- Risk measurement. Learn about the range of risk measures, their applications, limits and dangers, and how to identify the adequate measures for your activity.
- Regulation and reporting standards. The Basle Accord, EMIR, IAS 39, IFRS 7,9,13, MiFID, SST, Solvency II, CVA, DVA, FVA, COSO, de Larosière, Dodd-Frank, Volcker, Vickers, Liikanen, …
- Strategic Asset Allocation & Portfolio Investment Strategy. We strongly believe in a real management strategy applied to the asset-liability management of the investor. With a good understanding of the term profile of the commitments and desires of investors/clients, it is possible to create a layered investment grid where (a) the strategy of each layer, (b) the weights attached to them, and (c) the securities or assets involved can be independently defined. Too many investment mandates of banks are still linking the strategy directly to a series of weights in various types of securities, mainly because of an organisational constraint based on the type of underlying. We coach banks in better understanding the advantages of a full-fledged financial management based on a layered ALM.