Part 1. Introduction: why are financial institutions special?; financial service -- depository institutions; financial services -- insurance; financial services -- securities brokerage and investment banking; financial services -- mutual funds and hedge funds; financial services -- finance companies; risks of financial institutions -- Part 2. Measuring risk: interest rate risk 1; interest rate risk 2; market risk; credit risk -- individual loan risk; credit risk -- loan portfolio and concentration risk; off-balance sheet risk; foreign exchange risk; sovereign risk; technology and other operational risks; liquidity risk -- Part 3. Managing risk: liability and liquidity management; deposit insurance and other liability guarantees; capital adequacy; product and geographic expansion; futures and forwards; options, caps, floors and collars; swaps; loan scales; securitization.