This course will provide the underpinning rationale for financial regulation and evaluate the post-Global Financial Crisis reforms in this light, noting adaptions that were required due to systemic nature of the crisis and the need to ensure private sector compliance. It then applies these rationales and lessons learned to current topics in Fintech and the response to the Covid-19 pandemic. The objectives of this course are to: Identify the goals of financial regulation and understand the conditions under which regulation would make the financial system safer and more efficient and when it could be counterproductive. Identify the precursors and vulnerabilities that give rise to financial crisis, including historical contexts, technological developments, and private sector responses to previous regulation. Understand the main tools currently in use to mitigate stand-alone risks in individual financial institutions as well as stability risks to the financial system as a whole and evaluate their effectiveness, noting unintended consequences. Apply the basic rationales and goals for regulation to technological financial innovations (e.g., fintech) and how the post-2008 reforms have influenced the ongoing responses to the financial implications of the COVID pandemic. —- “Understanding how financial regulation evolved following the Global Financial Crisis of 2008, and how it shaped the financial industry, is vital for regulators and for the financial practitioners they regulate. This course provides the underpinnings for a critical assessment, challenging us to think through how regulation needs to adapt to today’s challenges.” — Dr. Ben Bernanke, former chair of the Federal Reserve
An excellent online course offered by edX: how it works
edX courses consist of weekly learning sequences. Each learning sequence is composed of short videos interspersed with interactive learning exercises, where students can immediately practise the concepts from the videos. The courses often include tutorial videos that are similar to small on-campus discussion groups, an online textbook, and an online discussion forum where students can post and review questions and comments to each other and teaching assistants. Where applicable, online laboratories are incorporated into the course.
edX offers certificates of successful completion and some courses are credit-eligible. Whether or not a college or university offers credit for an online course is within the sole discretion of the school. edX offers a variety of ways to take courses, including verified courses where students have the option to audit the course (no cost) or to work toward an edX Verified Certificate (fees vary by course). edX also offers XSeries Certificates for completion of a bundled set of two to seven verified courses in a single subject (cost varies depending on the courses).
An edX learning programme under Other Experiences
