INTERNATIONAL FINANCIAL REGULATION

The course is a core educational activity in the Master's Degree in Economics and Finance, in the homonym curriculum. This course provides an introduction to and overview of the banking and financial services industry under EU law and where EU laws intersect with international banking supervision structures and principles. The course focuses on international and EU banking structures and regulations, with an emphasis on the public or regulatory policies behind the laws and regulations. Recent EU legislation and recent international reform initiatives receive close scrutiny. The course mainly addresses the international and EU regulatory processes. The course touches upon some substative rules like capital and liquidity requirements and corporate governance standards. Students are asked to do significant reading and to participate in classroom discussion about course subject matter and to be aware of current developments in the financial services industry

1. Knowledge and understanding
1.1 Knowledge of the legal framework relating to international and European banking law
1.2 Knowledge and analysis of the law-making process at the EU and International level.
1.3 Knowledge of the main market failures relating to banking and finance
1.4 Knowledge and analysis of the main regulatory strategies applied to banking and finance.

2. Applied skills of knowledge and understanding
2.1 Ability to understand the criticisms and issues of banking and financial law.
2.2 knowledge and understanding of the interaction between European and international developments and economic public law and can take into consideration the international and societal context of economic public law in analysing this legal area.
2.3 Ability to understand how the regulatory bodies function (BIS; FSB; EBA; …)

3. Evaluation
3.1 Understanding of the text of the law.
3.2 Ability to appraise complex circumstances and their legal consequences.
3.3 Capability of balancing the different interests concerning banking and financial law.

4. Communication skills
4.1 Ability to express using the legal terms properly.
4.2 Critical and dialogical interaction with the examiners during the examination.

The course builds upon business law

– policy-making design, law-making procedure
– The Basel Framework – risk models
– Corporate Governance and risk Management
– Credit Rating Agencies
– The role of International Standard setters (Financial Stability Board, Basel Committee, ...)

Principles of Financial Regulation, 2016
John Armour, Dan Awrey, Paul Davies, Luca Enriques, Jeffrey N. Gordon, Colin Mayer, and Jennifer Payne

Written examination

Lectures and seminars

English

written

This subject deals with topics related to the macro-area "Human capital, health, education" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development