Diego Corral, partner at Diaphanum Valores S.V., once again collaborates with the Master in Banking and Quantitative Finance for another year, teaching first-year students in Bilbao. In three sessions that took place in April and May 2023, an introduction to the sources of risk was presented, followed by a detailed analysis of market risk and credit risk, ending with an overview of operational, model and liquidity. The focus was eminently practical, based on Professor Corral's extensive experience of more than 20 years in asset allocation and discretionary portfolio management for wealth banking clients, both private and institutional.