Course Category

• Summarize main components of Basel II
• Evaluate changes proposed in Basel III
• - Increases in capital
• - Emphasis on the trading book
• - Requirements for securitized products
• - Credit risk measurement
• - Liquidity risk
• - Stress testing
• Debate influence of changes on global banking on
• - Capital raising and allocation
• - Trading book charges
• - Securitized products
• - Leverage

Module II: Dodd-Frank’s Wall Street Reform

• Describe and discuss components and potential effects of the Dodd-Frank bill
• - Regulation of Advisors
• - Broker Dealers/SEC/Volcker Rule
• - Orderly Liquidation Authority
• - Derivatives
• - Credit Rating Agencies and Asset-Backed Securities
• - Corporate Governance, Internal Controls, and Private Placements
• - Banking
• - Insurance
• - Consumer Financial Protection
• Discuss the role of regulatory agencies in writing and implementing rules

Module III Europe’s and the UK’s Attempts to Reform the Financial Sector

• Describe components of key European regulatory proposals
• - European Market Infrastructure Regulation
• - Markets in Financial Instruments Directive Discuss IOSCO’s push to have more uniform regulations on financial derivatives
• - Regulators’ debate over which electronic platforms can trade derivatives to improve transparency

Module IV: Financial Institutions Reaction to Potential Regulation

• - Evaluate banks, companies’ and regulators attempts to establish clearing houses for derivatives
• - Discuss potential costs of regulations to banks and to consumers

Module V: Concluding Observations

• Debate whether proposed regulations in the US, Europe, and UK make sense given causes of the crisis
• Evaluate what regulations would best serve the recovery in developed markets
• Analyze the effect of proposed regulations on emerging markets