Financial Intermediation


Prof. Dr. Andre Guettler

Carlos A. De las Salas

Talks by industry experts: Dr. Rainer Lauterbach (LAUTICA) & Horst Bertram (Baader Bank)



Why are financial intermediaries such as banks and mutual funds different from other industries? How did Lehman Brothers’ bankruptcy bring financial systems worldwide to the brink of collapse? What is the “shadow banking system” and how on earth are individual hedge fund managers able to earn more than one billion dollars per year?

These questions are answered by various teaching forms such as classical lectures, talks by industry experts, academic paper presentations, presentations by students covering topical issues, and by solving problem sets and case studies. 



Why are financial institutions special

Depository institutions

Securities brokerage and investment banks

Insurance companies

Finance companies

Mutual funds and hedge funds

Private equity and venture capital

Risks of financial institutions

Rating agencies

Capital adequacy


Exchanges / Clearinghouses / OTC markets

New virtual currencies



Course Schedule 

Tuesday: 14:15 - 15:45 and Thursday: 10:15 - 11:45

Room: H12



Final exam: 100 percent ("open" form)

Date: August 5, 2014; Time: 14:00-16:00; Room: H3 

Retake exam:

Date: October 7, 2014; Time:14:00-16:00; Room: H3

Course Material

Available to students via Moodle. Required password to download course material will be provided in the first lecture.


The course is open for

Bachelor of Science Wirtschaftswissenschaften (6 credits)

Master of Finance (6 credits)