CREDITS 2 (LV) 3 (ECTS) - 30 Contact Hours
Empirical evidence indicates that good Governance and efficient regulation, especially in the field of Economics and Finance is conducive to long-run economic growth. Moreover, the recent sub-prime crisis has shed light on the insufficient understanding of the international financial system an especially the interaction between different types of Financial Institutions. A proper understanding of the international financial architecture presumes a detailed understanding of the political, legal and financial environments as well as their interconnectedness. The course starts by discussing the objectives and rationale for financial regulation. In a second step, the Literature on Law and Finance with the distinction between Common Law and Civil Law countries is analysed.
We then move on and analyse the economics and the regulation of the Fund Industry, the Banking Industry, Hedge Funds and Shadow Banks. Finally, we analyse the issue of Competition of trading platforms under the MIFID II Directive.
- Teacher: Michele Verlaine