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KFIN 2560A - Banking regulation

Type d'enseignement : Seminar

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

aucun

Course Description

Regulatory (and public policy) fault lines that contributed to the financial crisis II. The “moral hazard” problem III. An assessment of the regulatory work done by the Basle Committee IV. Liquidity rules. A new paradigm? V. The reform of the financial supervision in Europe VI. Comparison of regulatory reforms in the US and in Europe VII. Illusory “break-up measures” for universal banks VIII. Markets regulation IX. Macroprudential oversight X. Regulatory reforms and the real economy XI. Is the additions of all regulatory measures consistent? XII. How to ensure a true resiliency of the system while reducing moral hazard?

Teachers

  • DE LAROSIERE, Jacques (Président d'Eurofi, BNP PARIBAS, ex- Director of IMF, ex-Governor of Banque de France)
  • MASERA, Rainer S. (Professor and Dean of the School of Business, Guglielmo Marconi University ; ex-Italian Minister for the Budget and Economic Planning)

Course validation

One Take-home essay at the end of the semester.

Workload

12 sessions of 2h (24h). 4 credits.

Required reading

Daníelsson, J., Shin, H.S., 2002. Endogenous risk. Working Paper, London School of Economics 21 September 2002.

Additional required reading

  • Haldane, A.G., 2012. The dog and the Frisbee. Speech Given at the Federal Reserve Bank of Kansas City's 36th economic policy symposium, “The Changing Policy Landscape”, Jackson Hole, Wyoming, 31 August 2012.
  • Masera, R., 2011. Taking the moral hazard out of banking: the next fundamental step in financial reform. PSL Quarterly Review, 64 (257): 105-142.
  • 2012. Risk, Regulation and Supervision of Financial Systems: US and Eurozone Solutions. ZÖR (2012) 67:251–280.
  • 2012. Bank Capital Standards: a Critical Review. Working Paper, Università degli Studi Guglielmo Marconi, 27 November 2012
  • Mazzoni, G., 2012. Cost of equity, enterprise value and capital regulation of banking firms. Working Paper, Università degli Studi Guglielmo Marconi, 12 December 2012.