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Магистратура 2019/2020

Финансовое регулирование в мире

Статус: Курс по выбору (Мировая экономика)
Направление: 38.04.01. Экономика
Когда читается: 1-й курс, 3, 4 модуль
Формат изучения: Full time
Преподаватели: Табах Антон Валерьевич
Прогр. обучения: Мировая экономика
Язык: английский
Кредиты: 6

Course Syllabus

Abstract

Course focuses on current practices and issues facing financial regulation and supervision, both on macro level and for particular industry players. Various structures and regulatory settings are examined, special attention paid to discussion of cases of regulatory failures both in Russia and abroad. The course will include the use of MS Excel, and financial databases The course provides students with: knowledge of regulatory environment, potential design, risks and opportunities; examples of different models’ implementation and consequences of regulators blind spots; trends in policy and practices, impact on financial markets and global governance; practice in analysis of situation as a decision-maker. The study of this discipline is based on the following basic disciplines: finance, accounting, theory of markets. The main competences and knowledge gained by study of the discipline can be used in the future while studying the following disciplines: finance; the theory of industrial markets and competition policy (as applied to financial markets and industry); modelling of credit ratings; modern research in corporate finance; economics of the public sector, etc.
Learning Objectives

Learning Objectives

  • To provide students with knowledge and skills of financial regulation based on theory and author’s long experience in financial markets As a result of mastering the discipline, the graduate student must: • be aware of the theoretical justification for various regulatory models and identify strengths and weaknesses • Understand policy decisions and evaluate regulatory impact of laws and regulations, as well as forecast decisions applied to particular institution.
Expected Learning Outcomes

Expected Learning Outcomes

  • Names general terms of financial regulaton
  • Solves set tasks using the latest domestic and foreign experience and with the use of modern technical means and information technologies
  • Proposes an econometric model that approximates and explains the processes taking place in society, as well as an adequate method for its evaluation
Course Contents

Course Contents

  • Introduction
    General framework for regulation and financial supervision
  • Theory and practice of financial regulation: sector model
    Setting, possible design, weakness and examples
  • Theory and practice of financial regulation: mega regulators and twin peaks
    Setting, possible design, weakness and examples
  • Global issues in regulatory design
    Current issues and solutions
  • Banking regulation
    Theory and practical cases, guest from the industry
  • Pension funds and insurers
    Theory and practical cases
  • Securities market
    Theory and practical cases, guest from the industry
  • Risk management , AML, KYC and other compliance
    Theory and practical cases, guest from the industry
  • Consumer protection and regulatory experiments
Assessment Elements

Assessment Elements

  • non-blocking Essay
    An essay on particular relevant regulatory issue
  • non-blocking Current activity
  • non-blocking Presentation at a seminar
    10-15 minute presentation by team of 2-3 students during class on particular company or bank – usually post mortem of a failed one
  • non-blocking Final presentation
    25-30 minute presentation by team of 5-7 students on systemic financial crisis, its causes, impact, failures and successes of regulators. Q&A from teacher and other students. Support materials are submitted
Interim Assessment

Interim Assessment

  • Interim assessment (4 module)
    0.2 * Current activity + 0.2 * Essay + 0.4 * Final presentation + 0.2 * Presentation at a seminar
Bibliography

Bibliography

Recommended Core Bibliography

  • Andrew Godwin, Timothy Howse, & Ian Ramsay. (2017). A jurisdictional comparison of the twin peaks model of financial regulation. Journal of Banking Regulation, (2), 103. https://doi.org/10.1057/s41261-016-0005-0
  • Claessens, S. (2006). Current challenges in financial regulation. Policy Research Working Paper Series. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.wbk.wbrwps.4103
  • David T Llewellyn. (n.d.). 1 Institutional Structure of Financial Regulation and Supervision: The Basic Issues. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.F7DE0C4
  • James R. Barth, Jie Gan, & Daniel E. Nolle. (n.d.). Global Banking Regulation & Supervision: What Are the Issues and What Are the Practices? Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.CE5F8301

Recommended Additional Bibliography

  • Barth, J. R., Nolle, D. E., & Gan, J. (2009). Global Banking Regulation and Supervision : What Are the Issues and What Are the Practices? New York: Nova Science Publishers, Inc. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=380543