|The Institute of Banking and Finance has been created in 1989 to foster research in finance and develop a complete offering of finance courses at the University of Lausanne, Switzerland. It belongs to the Business School (HEC) of the University of Lausanne, Switzerland. The IBF has a diverse group of researchers. The impact of our research is reflected in the large number of publications in prestigious academic journals (such as the Journal of Finance, the Journal of Financial Economics, The Review of Financial Studies, Econometrica, The Journal of Economic Theory, The American Economic Review, and the Quarterly Journal of Economics) and awards received by our faculty. Research carried out by faculty covers all aspects of finance including the determinants of security prices in speculative markets, the study of optimal portfolio rules, the management of corporations, the pricing and hedging of contingent claims, and the management of financial institutions. Our courses are designed to give students a solid working knowledge of fundamental financial techniques and tools that are difficult to master outside of the classroom. Our curriculum, which reflects many years of teaching experience, is integrated and constantly updated to incorporate the latest developments in finance. Whether you are interested in a bachelor's degree, one of our M.S. programs, the PhD program, or executive courses, we encourage you to consider the IBF at the University of Lausanne. Our emphasis on the importance of academic and professional achievement has contributed to making the IBF one of the most successful finance departments in Europe.