Instructional goals
The course deals with the structure, functioning and evolution of Italian financial regulation with reference to the European and global framework. Starting from the functioning models of the financial market, it analyzes all the main topics of the regulation system in terms of regulation needs, market failure, interests to be protected, prerequisites for regulatory intervention, instruments and mechanisms of regulation, supervision processes, results evaluation
Prerequisites
Basic knowledge of economics and mathematics
Intended learning outcomes
The student will understand the main elements of the structure and functioning of the modern financial market regulation
Course Contents
Correlation between market efficiency and regulatory system, regulation needs, main cases of market failure, stakeholders’ interests worthy of protection, prerequisite for regulatory intervention, regulation tools and mechanisms, supervision process, evaluation of results
Reference Books
Presentations provided by the teacher
Teaching Methods
Face to face Lessons
Assessment Method
Written final Exam
Thesis assignment criteria
Written Final Exam
Week 1
Role and structure of the financial system
Week 2
Financial intermediation models and structure of business portfolios in the European financial system
Week 3
Financial stability and need for regulation
Week 4
Response of financial regulation to the financial market crisis
Week 5
Prudential regulation (for banks and insurance companies)
Week 6
Investors protection
Week 7
Consumers protection
Week 8
Regulation and crisis management
Week 9
Main European financial directives
Week 10
Impact of digitalization on the functioning and regulation of the retail financial market