6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Not offered in 2017
This unit examines international banking and securities transactions and their regulation. Major national markets will be considered along with important areas of international financial regulation and policy. An analysis of international financial instruments including international asset securitisation is followed by the regulatory regimes governing stock markets and derivatives. Emerging markets generate special issues for international finance. Three types of emerging markets finance will be looked at, as well as the impact of the 1997 Asian financial crisis. Finally is there a need for reform of the international financial system and the role of the IMF following September 11?
On completion of this unit, students should:
- have an understanding of the various views, including economic theories, concerning the rationales for and objectives of international and national financial regulation
- understand the legal problems arising from international and national financial regulation
- understand the main issues that should be addressed when negotiating a contract for the provision of international financial accommodation
- have an understanding of the national and international legal structures and principles dealing with and governing international financial instruments
- be familiar with the international agreements, regimes and institutions that influence and regulate international financial transactions
- understand the main types of structures used in international financial instruments
- understand the financial infrastructure behind international financial regulation and policy
- be familiar with the legal structure and operation of (some) national models of banking , stock broking and derivatives regulators
- appreciate the need for reform of some aspects of the international financial system.
Research assignment (2400 words): 30% + Examination (2 hours writing time + 30 minutes reading and noting time): 70% OR Examination (3 hours writing time + 30 minutes reading and noting time): 100%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information