International Banking and Financial Regulation (2017-2018)
The purpose of the course is to provide students with an analysis of functional and structural changes in the International Financial Regulatory System after global financial crisis. These changes pertain to both Global Financial Architecture and Global Financial Regulation and they are directed to assure a sound governance of global financial markets.
Knowledge of basic principles of Public law, Company law, Banking and Financial Regulation
- Objectives of and Rationale for Financial Regulation
- The Pre-Crisis International Financial Governance Framework
- International Financial Institutions: structure and mandate
- International Standards Setting Bodies: structure and mandate
- National Financial regulatory and Supervisory Models
- Financial Supervision System in the European Union
- Financial Supervision System in the banking Union
- The Feasible Future of the Global Financial Regulatory and Supervisory System
1. Maria Elena Salerno, Global Financial Governance. The feasible Future, being printed.
2. Llewellyn David (2006), Institutional Structure of Fionancial Regulation and Supervision: the Basic Issues, Paper presented at the World Bank seminar, Aligning Supervisory Structures with Country Needs, Washington DC, 6th and 7th June.
3. Montanaro Elisabetta (2016), Central Banks and Financial Supervision: New Tendencies, in Mancini Marco, Paciello Andrea, Santoro Vittorio, Valensise Paolo (a cura di), Regole e Mercato, Tomo I, Giappichelli, Torino, 549.
4. Donato Masciandaro, Rosaria Vega Pansini, Marc Quintyn (2011), The Economic Crisis: Did Financial Supervision Matter?, IMF Working Paper, WP/11/261.
5. Joseph E. Stiglitz (2010), Risk and Global Economic Architecture: Why full Financial Integration may be Undesirable, NBER WORKING PAPER SERIES, February 2010.
Type of exams
- Mid-term exam: paper and ppt presentation on National Regulatory and Supervisory Models (study material: 2, 3, 4, 5)
- Final exam: written examination on the study material:
- 1. for the students who pass mid-term exam;
- 1., 2. , 3., 4., 5. for the students who don’t pass mid-term exam or decide not to have mid-term exam.
International Banking and Financial Regulation Course – Mid-Term Exam (2017-2018)
To pass mid-term exam the students are required to
- Take Friday Lessons during the weeks of the course: organization of groups of students (four or five); explanation of the papers uploaded on the web page of the course; mutual discussion about the contents of the papers;
- Draft a Paper on the Financial Regulatory and Supervisory Structure in a specific nation (chosen among the G30 countries): analysis of social, economic, and financial features of a country in order to identify the rational for the choice of a specific structure of regulation and supervision of the national financial sector;
- Develop a brief PPt Presentation about the contents of the paper for the last week of the course.
The Mid-Term Average Grade is based upon:
- The Active Attendance at Friday Lessons (individual score);
- The Quality of the Paper, and the clear identification of the individual student within the group responsible for each part of the paper (individual score);
- The Ability to Sum Up the paper in the PPt Presentation (collective score).
Prova intermedia: 7 aprile 2017, ore 10-12
Programma di studio per prova intermedia: Franco Belli, Corso di legislazione bancaria, tomo I, Pacini, Pisa, 2010: Capitoli 2-3-4.