This module aims to provide students with an in depth knowledge of the Banking and Financial Services
Industry. Students will study the framework of Financial Services Industry and discuss the role, challenges
and contemporary issues emerging in this sector.
Structure and operation of the Banking & Financial Services industries
The structure and operation of the Banking and Financial Services industry including credit unions, investment and commercial banking, insurance companies, pension funds ,stock brokerages, investment funds. Sources and form of key regulations impacting Banking and Financial Services industry
The importance of the Financial Services sector
The importance of the Financial Services sector to the economy as a whole.
Banking and Financial Services products
Selection of banking and financial services products servicing retail, commercial and personal
Management of Risk in Global Banking and Financial Services
The Management of Risk in Global Banking and Financial Services Credit boom, asset/housing market price bubbles and consequences, financial instruments and innovation and international financial crises
The Fractional Reserve Banking System and the Management of Liquidity
The Fractional Reserve Banking System and the Management of Liquidity Risk Money, the fractional reserve banking system, the management of liquidity risk, the European Central Bank, interest rates and monetary policy.
Prepare application and present for a simulated interview for a Banking / Financial services role.
The teaching strategy for the Economics and Finance modules is one which emphasises the need for the student to be actively engaged in the learning process, both in class and when they are studying in their own time. In order to achieve this, students are encouraged to ask and answer questions during class, to participate in class discussions, to do examples in class as well as following worked solutions prepared by the lecturer. Students are required to engage with the financial press to support the development of their understanding. Cumulative knowledge in the Economics and Finance modules is important and the linkage to other modules including Financial Accounting, Economics, Management Accounting, Business Ethics, and Taxation is relevant. The lecturers use a teaching strategy, which helps to build on students’ prior knowledge of Economics and Finance and related areas thereby encouraging a constructivist learning approach among students. Lecturers use a concept-based approach to teaching Finance. Practical examples taken from real business events are used to emphasise both practical and theoretical financial concepts. Today's financial world is evolving and experiencing constant disruption. To reflect these changes, the material covered will continue to be regularly updated to reflect the challenges faced by business in making key financial decisions. Accounting and Finance professionals play a key role in assessing and disclosing climate risks as part of corporate sustainability reporting and are becoming important players in the business response to climate change. Requirements are becoming more demanding on companies and will continue to be so into the future.
|Module Content & Assessment