FINANCIAL MARKET REGULATION syllabus - FINANCIAL MARKET...

FINANCIAL MARKET REGULATION
FRE 6211/2056
Spring 2009
Tue: 5:30pm-8:11pm
Lower Concourse R, 55 Broad
Instructor: Raphaele Chappe
Email: [email protected]
Office Hours: Wednesday 2:00pm-4:00pm
Cell 347-328-3192
This course provides an overview of the legal and institutional framework for
the financial sector (with a strong emphasis on the U.S., but some discussion
of global and emerging markets), with the goal of developing a practical
understanding for business decision making.
The first segment covers banking market regulation, including specific
limitations on banking activities, the Bank Holding Company Act, and
international banking developments; the regulation of securities markets and
institutions devoted to the trading of securities; and the regulatory
framework for other market participants, such as mutual funds, hedge funds,
and private equity funds. The second segment of the course focuses on
international regulatory capital adequacy requirements, the Basel II
framework, and the concept of VaR (Value at Risk) as it is applied in practice
Throughout the course, we seek to explore the interplay of regulation (both
intended and unintended effects), risk management and the evolution of
global modern banking. In light of current market developments, we also
seek to develop a critical perspective and discuss potential new approaches
to the structure of financial regulation.