DECO 25A18 - Contemporary Perspectives in Financial and Banking Regulation

Eighteen years after the collapse of Lehman Brothers, the regulation of financial systems remains a central concern for policymakers and regulators. This course provides a critical analysis of the structural transformations in banking and financial supervision since the 2007–2008 global financial crisis and the European sovereign debt crisis. It addresses the impact of financial deregulation, the mechanics and risks of securitization, and the systemic vulnerabilities revealed by the subprime collapse. A particular emphasis is placed on prudential regulation (e.g. Basel III), the expanded role of central banks, and the regulatory implications of emerging technologies such as cryptocurrencies and blockchain.

Lecture/discussion format. Discussions after press review and presentations.