Assessment is carried out through different procedures for students who participate in the project work and for those who do not.
For students participating in the project work, the professor assigns a grade to the outcome of the group project (video presented in class) on the basis of an evaluation of students’ learning ability, capacity to apply knowledge, ability to exercise independent judgment, and ability to communicate using appropriate technical language. This grade accounts for 40% of the final course grade and is assigned to the group in order to encourage teamwork.
In the evaluation process, the Professor also takes into account the results of a peer evaluation, based on a model designed to capture the level of satisfaction expressed by the class attending the video presentation, according to the following criteria (scale 1–4): mastery of the topic, clarity of presentation, ability to generate interest, use of language, consistency of individual contributions, and overall appreciation. The peer evaluation result (overall average score) accounts for 50% of the project work grade. Project work grades, peer evaluation results, and test grades will be communicated through the course website.
The remaining 60% of the final grade is assigned on the basis of an oral examination. In this context, knowledge, understanding, and learning ability are assessed through two questions concerning some of the main risk measurement models examined during the course. The answers account for 50% of the oral examination grade. The ability to apply knowledge is assessed through one or more exercises or through the request to comment on specific cases or problems. Performance in the exercises or the quality of comments provided on cases/problems accounts for the remaining 50% of the oral examination grade. The final course grade is therefore calculated as the weighted average of the project work grade (40%) and the oral examination grade (60%).
Students will also have the possibility to take the examination in written form, through two midterm tests. Both written tests, each lasting 1.5 hours, replace the oral examination either entirely or partially, in the event that one of the two tests is not taken or not successfully passed. The use of PCs, tablets, smartphones, or smartwatches during the examination is not permitted. Each written test is structured as follows:
a) 8 multiple-choice or true/false questions designed to assess knowledge of basic concepts (2 points each);
b) 1 open-ended question concerning risk measures and risk management models (7 points);
c) 1 exercise concerning the application of individual risk measures and related management models (7 points).

Students may review their completed written examinations during the Professor’s office hours.

For students who do not participate in the project work, assessment of knowledge acquisition and the ability to apply knowledge will be based on the evaluation (accounting for 20% of the final grade) of a final report prepared on a bank assigned by the professor, together with an oral examination conducted according to procedures similar to those described above. The report must be submitted in Word format (approximately 10–12 pages) and must contain a critical analysis of the following aspects: the bank and its business model; profitability; risk management models; and capital ratios. The report must conclude with the student’s own evaluation of the bank’s capital adequacy in relation to the risks undertaken. Students may use documents and materials available on the bank’s website (financial statements, Pillar III disclosures, etc.). Students are required to submit the report by email to the professor a few days before the examination, during which the report will be discussed.

Honors (cum laude) are awarded when all components of the examination demonstrate excellence in terms of completeness, clarity, quality of analysis, and ability to develop cross-topic connections.