Financial Regulation & Supervision
Module overview The Financial Regulation & Supervision module allows you to study the rationale behind financial regulation and supervision: what are the market failures regulators are addressing, and through the use of which tools and incentives, resolution challenges, and climate policies permitted within regulatory mandates. Structured around critical, policy relevant, questions in financial regulation which have seen scholarly study you will discover the benefits of narrow banking; the threat of competition to financial stability; managing the tension between deposit insurance and moral hazard; too-big-to-fail; non-financial bank risks; and resolution challenges.
Who would benefit from this module? This module would benefit those working in financial regulation authorities, central banks as well as investment banks and rating agencies as well as those working as Asset Managers and Reserves Managers and anyone who is involved in projects requiring due diligence.
Faculty This module is led by David Skeie (Professor of Finance, WBS). You will also hear from a range of speakers including David Walker (Secretary General of the International Association of Deposit Insurers), Sam Woods (Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority), Simon Gleeson (Partner, Clifford Chance), Paul Fisher (Former Executive Director, Bank of England, and Honorary Professor, Warwick Business School), Irene Heemskerk (Head, Climate Change Centre, ECB), David Sansom (Chief Risk Officer, Lloyd’s of London), Pascal Victor-Belin (Autorité de Contrôle Prudentiel et de Résolution), Shoib Khan (Director, Insurance Directorate, Bank of England), Rhiannon Sowerbutts (Senior Economist in the Macroprudential Strategy and Support Division, Bank of England), Daniel Wang (Monetary Authority of Singapore), Jo Paisley (President, GARP Risk Institute) and Mark Cornelius (Former Senior Executive, Bank of England). Module structure ■ The module lasts for 17 weeks and culminates in an assessment ■ Module materials are organised into 10 lessons – each lasting one week ■ You can expect to spend around 11 hours studying per lesson ■ Lessons include reading materials, video interviews, discussion points, reflection activities ■ There are four wbsLive online sessions with your tutor.
Key benefits
Financial regulation and supervision The rationale behind financial regulation and supervision decisions
A key aspect of the programme that I enjoyed was the opportunity to focus on one module at a time, as this gave me sufficient time to study, ask questions and fully understand each topic. It has enabled me to develop core competencies that have given me the platform to attract opportunities in the financial services industry.” June Otigba
Banking behaviour Understand the wider implications of banking behaviour
VaR Gain an introduction to VaR Controversial regulation Identify which elements of financial regulation are controversial Award Gain a Postgraduate Award upon successful completion
MSc in Global Central Banking and Financial Regulation, Graduate
Key information
Key topics covered
The module will run between June 2026 and October 2026
Universal banking, ICB, ring-fencing
Competition and financial stability
Too Big To Fail, moral hazard and deposit insurance Operational resilience, i.e. non financial risks to industry such as cyber threats
This module features a two-week induction period
Theoretical weaknesses of universal banking and of narrow banking Optimal Deposit Insurance and IADI principles
Banking supervision and the law: judgement vs rules
Watch the film
Risk-shifting and financial crisis
Basel III and the leverage ratchet
Climate change and financial regulation
W wbs.ac.uk/go/ FinancialReg
VaR and risk weights
Insurance regulation
Operational resilience and regulation
Please note that this is not an exhaustive list and we recommend you contact us for a more detailed discussion.
wbs.ac.uk/go/banking
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Global Central Banking & Financial Regulation qualification
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