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Regent's College

Global Banking

FIN254  

CodeFIN254
SchoolEBSL
Module Level2
Module CodeFIN254
ClassGE|EL|MA|MI|
AvailabilityDE|SA|
Semester1
Credits12
ECTS Credits6
Contact Hours48
Self Study Hours72
Course AimsIn today's business environment, financial institutions and markets play an essential role in providing investors, whether corporate, government or individual, with vehicles for both raising and investing scarce funds. Banking is a special financial industry sector, whereby banks manage deposit and loan instruments between lenders and borrowers, whilst facing the constraints and opportunities that any firm faces. Unsurprisingly, banks have been affected by the globalisation trends affecting the its structure and by changes in the regulatory environment. Both of these developments affect banking institutions and their customers. Whether a bank chooses to strategically remain focused in one country or expand internationally will affect its profitability, its existing customers, its product range, ultimately its own survival.

The nature of banking has been transformed by financial innovation which at one level originates in banks. The growth of derivative markets and secondary markets in bank deposits and loans has been of especial importance and significance.

Against this background, over the past couple of decades we have observed bank failure on a large scale in over 90 countries (including the USA), which poses a systemic risk due to the special role banks play in any financial system as an intermediary. Banks have developed new approaches to risk management. Like any commercial enterprise banks are affected by the specific type of market structure and regulatory framework they operate in.
Learning OutcomesA6, A7, A8, B5, B6, B7, B8, C6, C7, C8, C10, D6, D8
PresentationThe teaching/learning strategy for this module has been designed to ensure that the programme level learning outcomes outlined above have been acquired. The teaching activities will consist of lectures and seminars over a twelve-week period.

The main strategy in lecturing will be to introduce the knowledge base and demonstrating the evaluation methods. Students are encouraged to be active learners by developing their critical thinking for the subject and by undertaking preparatory work before the lecture. This will involve the reading of relevant chapters of the core and recommended textbooks prior to the lecture.

Teaching will be supported by a directed study of textbooks and journal articles. The lectures are also intended to provide the student with a framework to guide them in their independent study and to reinforce the principles that they have already learnt.

The lectures will provide a coherent overview of the subject matter, while the tutorials during the case study will focus upon a series of related issues to the topic covered that week. These will assist the students in their appreciation of the general principles and issues relating to the multifaceted aspects of financial markets, which will be placed within the context of a given economy, domestically and internationally.

The student should be aware that merely attending the lecture will not guarantee success in the assessment of the module as background reading, participation and effort will be required.

The teaching/learning strategy for this module will help develop the following skills:

"Analytical skills - aiming at examining an entity like a market, instrument or institution;
"Interpretative skills - a methodical appreciation of, and ability to analyse data in order to create a data-specific view of a problem or perspective;
"Systematic skills - an ability to analytically recognise and assess resolutions to multifaceted and unstructured multinational financial management problems;
"Decision-making skills - an ability to identify a course of action on the basis of the particular research accomplished;
"Problem solving skills - an understanding of how to create, evaluate and assess a range of options together with the capacity to apply ideas and knowledge;
"Research skills - a process of using appropriate research sources, methodologies and presenting the findings.
Reading RecommendedCecchetti S. G., (2006), "Money, Banking & Financial Markets", McGraw-Hill Irwin
LeRoy Miller R. & VanHoose D. D., (2001), "Money, Banking & Financial Markets", South-Western Thomson Learning
Mishkin F.S. and Eakins S., (2004), "Financial Markets and Institutions", Addison-Wesley, Fourth Edition
Rose P. S. and Hudgins S. C., (2005), "Bank Management & Financial Services", McGraw-Hill Irwin
Santomero A. W. and Babbel D., "Financial Markets, Instruments and Institutions", Irwin (Latest Edition)
Burton M. & Lombra R., (2003), "The Financial System & the Economy: Principles of Money & Banking", 3rd edition, Thomson South-Western
Daniels J. P. & VanHoose D. D., (2002), "International Monetary & Financial Economics", 2nd edition, South-Western Thomson Learning
Eakins S.G., (2004), "Finance: Investments, Institutions, and Management", Update, 2/E, Addison-Wesley (Pearson Prentice Hall)
Fabozzi F.J., F. Modigliani, F.J. Jones & M.G. Ferri, (2003), "Foundations of Financial Markets and Institutions", 3rd edition, Prentice Hall
Kidwell D.S., R.L. Peterson, D.W. Blackwell & D.A. Whidbee, (2003), "Financial Institutions, Markets and Money", 8th edition, John Wiley & Sons
Kidwell D.S., R.L. Peterson, D.W. Blackwell & D.A. Whidbee, (2003), "Financial Institutions, Markets and Money", 8th edition, John Wiley & Sons
Maude D., (2006), "Global Private Banking and Wealth Management", John Wiley & Sons
Melicher R.W., (1999), "Financial Analysis Tools Worksheet for Finance: An Introduction to Markets, Investments, and Management", 10th Edition, John Wiley & Sons
Matthews K. & J. Thompson, (2005), "The Economics of Banking", John Wiley & Sons,
Melicher R.W. & E.A. Norton, (2003), "Finance: An Introduction to Markets, Investments, and Management", 11th edition, John Wiley & Sons, (the 12th edition of the text is due in March 2005)
Van Horne J.C., (2001), "Financial Market Rates and Flows", 6th edition, Prentice Hall
Reading RequiredHeffernan S., (2005), "Modern Banking", John Wiley & Sons

Or

Howells P. & Bain K., (2005), "The Economics of Money, Banking & Finance: A European Text", 3rd edition, Prentice-Hall & Financial Times
Asseseement MethodsGroup Class Presentation (25%)
Group Written Report (25%)
Final Examination (50%)
Key

Class
GE = General Education, EL = Elective, MA = Major, MI = Minor
Availability
DE = Degree, SA = Study Abroad