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. 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; remuneration and incentives; 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 as well as anyone who is involved in projects requiring due dilligence.
Key benefits ■ Understand the rationale behind financial regulation and supervision decisions ■ Understand the wider implications of banking behaviour ■ Gain an introduction to VaR ■ Identify which elements of financial regulation are controversial ■ Gain a Postgraduate Award upon successful completion.
Key topics covered During this module, you will cover the following.
Topics
Too Big To Fail, moral hazard and deposit insurance
Universal Banking, ICB, Ring-fencing
Competition and financial stability
Banking supervision and the law: judgement vs rules
Theoretical weaknesses of universal banking and of narrow banking
Remuneration including regulatory principles, bonus cap distortions and clawback and malus
Basel III and the Leverage ratchet
Optimal Deposit Insurance and IADI principles
Risk-shifting and financial crisis
VaR and Risk weights
Shadow banking and securitisation
FinTech
Please note that this is not an exhaustive list and we recommend you contact us for a more detailed discussion.
Faculty Through studying Financial Regulation & Supervision you will hear from a range of speakers including Thorsten Beck (Economist), David Walker, Sam Woods (Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority), Simon Gleeson (Partner, Clifford Chance), Paul Fisher, Martin Taylor (Chairman of the RTL Group), Arzu Uluc (Research Manager, Bank of England), Lyndon Nelson (Deputy CEO of the Prudential Regulation Authority), Simon Hall, Derek Nesbitt (Technical Head of Division, Prudential Policy Directorate, Bank of England), Rhiannon Sowerbutts (Senior Economist in the Macroprudential Strategy and Support Division, Bank of England) and Vicky Saporta (Executive Director of Prudential Policy Directorate, 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 info
■ This module will run between June 2022 and October 2022 ■ This module features a two-week induction period prior to starting.
Class profile*
1 Nationalities represented
37 Average age of participants
100/0 % male/ female split
8 Average years’ work experience
*June 2020 Postgraduate Award intake
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wbs.ac.uk/go/banking
wbs.ac.uk/go/banking
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