OAFP 5470 - Regulation of Financial Markets

The class "Regulation of Financial Markets " provides a bird's eye perspective on current developments in financial markets, financial innovation, related policies and associated feed-backs to the real economy. The class discusses political, institutional and legal trends and consequences generated by recent events in the financial system. To provide a solid base for the discussion of those topics, the class starts with an introduction into financial markets, financial instruments and techniques to design financial portfolios as well as individual financial products. Building on this knowledge the class moves into the discussion of political and regulatory reactions to the recent financial crisis, comprising already implemented ones as well as currently discussed measures. By shedding some light on the regulatory reforms driven by contemporaneous problems and developments in financial markets, the class supports students in developing an understanding of the ongoing overhaul of the institutional and regulatory settings for the financial system in Europe.

Students are expected to be familiar with the institutions of the European Union. Basic knowledge of economics (supply, demand, role of prices) can help to improve learning results in class, but are by no means required.

Twelve lectures (2 sessions per teaching day, 6 teaching days). Active participation to the class is expected.

Students will be graded according to the ECTS system used at Sciences-Po.

There will be a mid-term (35%) and the final exam (65%). The mid-term and final exams (60 minutes each) will comprise multiple choice questions and/or case studies and/or open questions.

Participation in classes is mandatory, according to the rules set by Sciences-Po. Lecture notes will either be distributed in class or provided as electronic versions after individual sessions.