module specification

The module aims to provide an in-depth understanding of theoretical and applied issues in relation to the activities of international banks. The module focuses on main theories of banking and provides an overview of the crucial operations in the context of international banking. It also seeks to provide students with a critical awareness of different approaches of assessing bank risk and performance and how they are used in practice by shareholders, investors and financial and banking experts.

• The role of banks in financial systems and in the transmission of monetary policy - LO1
• The theory of banking and bank functions
• International banking activities and structures around the world
• Banking crises and systemic risk
• Bank regulation and supervision
• Competition, risk and performance in banking - LO2
• Trending topics in banking and financial markets such as bank globalisation, international consolidation, mergers and acquisitions (M&As), sustainable and ethical banking, financial technology (Fintech), lender of last resort, deposit insurance scheme, too-big-to-fail (TBTF) and innovation. - LO3

Delivery of the module will consist of 2-hour lectures and 1-hour Seminar. Students will be encouraged to research banking and financial issues from a variety of sources in addition to module materials including Bloomberg database, newspapers, textbooks and on-line sources to identify aspects relevant to their areas of study.

Students are encouraged to reflect on their learning development through seminar participation, feed-forward and feedback sessions.  They are expected to develop subject specific knowledge and skills as well as cognitive abilities and generic skills that enable an appreciation of the nature of international banking.

The virtual learning environment (Weblearn) supports the relevant module learning and teaching materials such as lecture slides, seminar questions and solutions, past examination papers, assessment and grading criteria, deadlines and feedback details.

On successful completion of this module students will be able to:

1. Develop a critical understanding of the theory of banking, bank activities and how banking has been evolving in the light of events taking place in different countries and regions
2. Critically analyse bank risk and performance using relevant data
3. Critically evaluate a range of key issues in the field of international banking and financial markets in which international banks operate

Students will be assessed by means of formative and summative assessments.

Formative assessment will take place in Seminars through learning activities on a weekly basis and formative feedback will be provided to students on an ongoing basis.

Summative assessment will take the form of written Individual Coursework 2000 Words.

Library Talis Link:
https://rl.talis.com/3/londonmet/lists/2F0F3B22-2CEB-CC6B-B0C4-9887B54B4177.html?draft=1&lang=en-GB&login=1

Core Textbook:

Casu, B., Girardone, C. and Molyneux, P. (2015). Introduction to banking, 2nd edition, Pearson Education. This is an E-BOOK.

Berger, A. N., Molyneux, P. and Wilson, J. O. S. (2017). The Oxford handbook of banking, 2nd edition, Oxford University Press. Hard copies are available at 332.1 OXF.

Additional Textbooks:

Acharya, V. and Richardson, M. (2009). Restoring financial stability: how to repair a failed system, John Wiley.

Arnold, G. (2012). Modern financial markets and institutions: a practical perspective, 1st edition, Financial Times Press. This is an E-BOOK. Hard copies are available at 332.1 ARN.

Bank of England. (2015). Stress testing the UK banking system: key elements of the 2015 stress test, National Institute Economic Review, 233(1), F16-F29.

Begg, D., Vernasca, G. Fischer, S. and Dornbusch, R. (2014). Economics, 11th edition, McGraw-Hill. Hard copies are available at 330 BEG.

Buckle, M. and Thompson J. (2016). The UK financial system: theory and practice, 5th edition, Manchester University Press, Manchester and New York. Hard copies are available at 332.0941 BUC.

Buckley, A. (2011). Financial crisis: causes, context, and consequences, Financial Times Press. This is an E-BOOK. Hard copies are available at 338.542 BUC.

Casu, B., Girardone, C., & Molyneux, P. (2006). Introduction to banking, vol. 10, Pearson Education. Hard copies are available at 332.1 CAS.

Choudhry, M. (2011). An introduction to banking: liquidity risk and asset-liability management, vol. 30, John Wiley & Sons.

Choudhry, M. (2012). The principles of banking, John Wiley & Sons. This is an E-BOOK. Hard copies are available at 332.10681 CHO.

Goddard, J, Molyneux, P. and Wilson, J. O. S. (2001). European Banking: Efficiency, Technology & Growth, John Wiley & Sons. Hard copies are available at 332.1094 GOD.

Heffernan, S. (2004). Modern Banking in Theory and Practice, 2nd edition, Chichester: John Wiley.

Howells, P. and Bain K., (2007). Financial markets and Institutions, 5th edition, Financial Times Press. This is an E-BOOK. Hard copies are available at 332.10941 HOW.

Howells, P. and Bain, K. (2008). The economics of money, banking and finance: a European text, 4th edition, FT Prentice Hall/Pearson Education, Harlow. Hard copies are available at 332.094 HOW.

Jawadi, F., and Sévi, B. (2017). Introduction to recent research topics in banking and finance’ Research in International Business and Finance, Volume 39, Part B, January 2017, Pages 761-762.

Lessambo, F. I. (2013). The international banking system: capital adequacy, core businesses and risk management, Palgrave Macmillan.

Mishkin, F. S. (2018). Economics of money, banking and financial markets, 12th edition, Pearson. This is an E-BOOK. Hard copies are available at 332 MIS.

Mishkin, F. S., & Eakins, S. G. (2018). Financial markets and institutions, 9th edition (Global Edition), Pearson. This is an E-BOOK.

Schoenmaker, D. (2013). Governance of international banking: The financial trilemma, Oxford University Press. This is an E-BOOK.

Sloman, J., Guest, J. and Garratt, D. (2018). Economics, 10th edition, Harlow, Pearson. This is an E-BOOK. Hard copies are available at 330 SLO.

Valdez, S. & Molyneux, P. (2017). An introduction to global financial markets, 8th edition, Palgrave Macmillan. This is an E-BOOK. Hard copies are available at 332.042 VAL.

Werner, R. A. (2014). Can banks individually create money out of nothing? — The theories and the empirical evidence, International Review of Financial Analysis, 36, pp.1-19.

Websites:

University Library https://student.londonmet.ac.uk/library/
Social Science Research Network https://www.ssrn.com/
ScienceDirect https://www.sciencedirect.com/
International Monetary Fund https://www.imf.org/
World Bank https://www.worldbank.org/
European Central Bank http://www.ecb.europa.eu/
Bank for International Settlements https://www.bis.org/
Bank of England https://www.bankofengland.co.uk/
Financial Conduct Authority https://www.fca.org.uk/
Prudential Regulation Authority https://www.bankofengland.co.uk/prudential-regulation

Journals:
Journal of Finance
Journal of Financial and Quantitative Analysis
Journal of Financial Economics
Journal of Money, Credit and Banking
Journal of Financial Intermediation
Journal of Financial Services Research
Journal of Banking and Finance
Journal of Corporate Finance
Journal of International Money and Finance
Review of Finance
Review of Financial Studies
European Financial Management