Regulation of Financial Markets
All teaching material (eg. Power Point lectures, case studies) are uploaded to: https://eclass.unipi.gr/courses/FAS102/
The course is assessed by a one written examination (two hours duration) with multiple choice questions covering all of the course components.
The general objective of the course is to present, in a comprehensive and intelligible manner, the principles underlying the legal framework of financial markets. More specifically, the course provide students with the necessary background to comprehend the basic functions, structure and regulation permeating financial markets and institutions, the fundamental economic rationale and legal setting of financial instruments, the core supervisory structure of financial markets in national and European Union level, as well as the reasons of and the institutional response to financial crises.
- Analytical skills and critical thinking
- Deductive reasoning
- Ability to place facts within the scope of rules
- Development and supporting of arguments in order to resolve problems
- Creative thinking
Course Content
- Financial system: introduction (how the financial system impacts on our everyday life, constituent elements of the financial system)
- Money and payment system
- Financial instruments (eg, stocks, bonds, units/shares of collective investment schemes, derivatives, insurance contracts): their basic characteristics and use
- Financial markets: their structure and role
- Financial institutions-intermediaries (eg, credit institutions, insurance companies, investment firms, collective investment schemes): their characteristics and function, with emphasis on analyzing the operation of credit institutions
- Supervision of the financial system and the rationale of financial regulation
- Central banks and EU banking union
- Cecchetti S., Schoenholtz K., «Χρήμα-Τράπεζες και Χρηματοπιστωτικές Αγορές» (Εκδόσεις Πασχαλίδης και Broken Hill, 2019)
- Gortsos, “Introduction to the International Financial Law: the International Banking Law in the context of the International Financial Law» (Nomiki Vivliothiki, 2011)
- Distribution to students of additional, supplementary material which comprises articles and reports
