Module code: AFE7030-A
1. Enable participants to understand key issues of importance within the international financial services industry.
2. Evaluate the development and growth of various types of international financial services, including particular areas such as offshore finance, financial conglomerates and multinational banking.
3. Understand the rationale for international financial services regulation, the constraints faced by national and international regulators and strategies to address these constraints.
4. Demonstrate the complexity of financial operations within an international business context.
The development of the international financial services and competition within the industry (functions of retail, commercial and investment banks; other financial intermediaries; globalisation; the growth of multinational banking; financial conglomerates); The theory underpinning growth in financial services and the various forms that such growth takes place; Comparative empirical evidence on the structure and performance of the international financial services industry; Assessment of performance of financial services and its constituent, using appropriate formal methods and tools; Assessment of risk related to financial services and consequences of such risk (moral hazard, systemic risk, principal-agent problems, and so on); Asset and Liability Management; Bank Risk Management; Credit Risk Assessment; Structured financing (securitisation); Collateral risk, structural risk, legal and regulatory risk, credit risk of third parties; The role of technology in provision of financial services; The theory of financial regulations; National and international strategies for effective financial regulation; Empirical evidence on performance of regulatory roles within an international, comparative context.
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