Executive Education


Understanding the function of banking in the financial system is of fundamental importance in theoretical economics and finance. The Global Financial Crisis of 2007-08 underscored the important role of banks in the economy. Efficient channeling of savings into productive real economy activities is crucial for growth and general welfare. Banks also create liquidity for the public on the balance sheet by transforming illiquid assets such as loans into relatively liquid liabilities such as transactions deposits, and off the balance sheet by transforming loan commitments and similar claims to liquid funds. Additionally, banks monitor, manage, and distribute risk, such as credit, interest rate, foreign exchange, and liquidity risk, for the public through diversification and intermediation on the balance sheet and through derivatives transactions off the balance sheet. In recent years, changes in the economic environment and regulation, along with technological change and financial innovation, have altered the banking industry, and bank management expertise is in high demand.

This course studies key concepts and issues in bank management. It highlights current challenges in banks’ business models by reviewing the changes from the era of the financial crisis, the regulatory response, up towards today’s innovation and digitization focus. Based on a sound introduction to banks’ roles, governance, products and business lines and its mirroring in their balance sheets and risk management practices you will work on case studies on, e.g., ECB requirements for bank licensing, lessons from banks near failure in the financial crisis, or banks’ risk and disclosure reports. The course concludes with the current transformation of banks’ business models towards digitization, including a description of banks’ innovation management processes and formats for collaboration with startups.

The course consists of lectures, class discussions, group assignments and case studies. Prior exposure to the banking sector is helpful but not a requirement. A high level of preparedness and participation, however, is essential to ensure that the course is a rewarding experience for all participants.

Any questions?

Get in touch!

Ludmila Ketterer

 +49 69 798 33512


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Course Format

This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam or earn academic credits. As the number of seats in the course is limited, we recommend to register online early.

Learning Objectives

• Understand banks’ business models and business lines, organizational structures, and governance processes

• Understand the peculiarities in the role of a bank, factors shaping the banking industry (e.g., regulation), and how this bears on risk management and valuebased bank management in banking

• Apply this when analyzing the strategy, profitability, and stability of a bank

• Understand the strategy and role with respect to macro-trends like digitization and ESG


Key Concepts

In achieving the goals of this course, you will master the following key concepts:

• Role and type of banks, business models, business lines, and value drivers

• Banks’ balance sheet & P&L-statement, organization, and governance

• Banks’ risk management, regulation, bank valuation, and value-based management

• New trends in banking: Innovation, digitization, and ESG


Dr. Sebastian Fritz-Morgenthal

Dr. Sebastian Fritz-Morgenthal, a seasoned risk professional, currently serves as Managing Director for Advisense in Stockholm, focusing on risk, compliance, and governance. Previously, he held positions such as Head of Global Risk at Bain & Company and various leadership roles at Deutsche Bank, West LB, and HSH Nordbank. Sebastian holds a Diploma in Physics from Hamburg University and a PhD in Nuclear Physics from Johann-Wolfgang-Goethe-University Frankfurt. In addition to his corporate career, he lectures at institutions such as Frankfurt School of Finance and Management, WHU, and Shenzhen Technical University, and has published extensively on risk-related topics in academic and industry journals.

Key Facts

Course materials

Course materials will be provided in electronic form.




Campus Westend of Goethe University Frankfurt.

Certificate of participation

A GBS certificate of participation is awarded upon completion of the course.

Course Fee

€ 950 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 400.

Course Schedule
Date Session
Sat., Jun 01, 2024 11:30-13:30, 14:30-16:30
Sat., June 15, 2024 09:00-11:00, 11:30-13:30
Sat., June 29, 2024 09:00-11:00, 11:30-13:30

There are two main things which make returning for Open Programs such a valuable and worthwhile experience. The first is being back on campus – meeting the current students, returning to campus again, the whole experience was just so pleasant. The second is the level of quality in the courses – the faculty teaching are absolute experts.

Stephan KieneDuke-Goethe Executive MBA Class of 2009

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