Syllabus
• Introductory lecture - the global financial crisis 2008.• Key terms and principles of the functioning of financial markets reasoning of the financial markets regulation.• Structure of the financial system – particular sectors of the financial market, drivers of the financial sector development, types of transactions on the financial market.• Financial crisis – typology of the financial crisis, analyses of the most important financial crisis in the 20th century.• Central banking - role of the lender of last resort – possible ways of the financial institutions rescue.• Undertaking risks by the financial institutions and their managing – types of the risks, diversification, role of the risks management.• Financial market in the USA - history, changes set by Dodd-Frank Act, comparison with the Czech Republic.• Financial market in the UK - history, comparison with the Czech Republic, role of the Bank of England, changes after the Northern Rock fall, etc.• Banking union - fundamental pillars, position of the Czech Republic and other member states, explanation of the barriers to the accomplishment of the banking union• Topical European issues in the regulation and supervision of the financial market.• Investment banking, hedge and private equity funds – characteristics of the investment banking and the issue of its separation from the commercial banking, characteristics of the hedge and private equity funds.
Annotation
Significant changes have occurred in the particular segments of the financial markets, (especially in banking and insurance) as a response to the latest global financial crisis. These changes have substantially affected the banking and insurance operating and regulation.
The lecture will aim not only on these changes but on the core understanding of the functioning of the financial markets, financial institutions and their instruments as well.