16 August 2019
European Banking: Regulations, Strategies and Performance
The objective of this course is to introduce students to post crisis regulatory and strategic development in the EU banking. The financial crisis of 2007-09 stressed the need for a safer financial system. Hence the course will focus, firstly, on the reaction to the crisis in the individual member-states, and then on the banking reforms at the EU-level. The recent regulatory and supervisory changes in the EU will be analyzed, starting from the Basic prudential regulations and concluding with the institutional aspects of the Banking Union project – the Single Supervisory Mechanism (SSM), the Single Resolution Mechanism (SRM) and the Single Resolution Fund (SRF), with references to the role of the European Banking Authority (EBA) and the European Systemic Risk Board (ESRB). Specific reference will be made to the recapitalisation of credit institutions in the resolution process after the crisis.
The following important issue will be the growing force of the FinTech industry and its impact on banks’ strategies and business models.
1.The institutional characteristics of the EU banking markets: types of banks and bank safety nets; bank regulation and supervision in selected countries.
2.Global financial crisis of 2008 and its consequences for financial institutions.
3.Challenges in bank management: efficiency, stability, activities, risks.
4.The European supervisory architecture (EBA, ESMA and EIOPA).
5.The rationale for the Banking Union - the Single Supervisory Mechanism and the role of the ECB
6.Crisis management for financial institutions in the EU: recovery and resolution procedures.
7.FinTech industry and technological progress in banking
8.Challenges to bank business models and competitive position coming from Fintech firms.
•B. Casu, C. Girardone, P. Molyneux , Introduction to Banking, 2016
•The World Bank Group: Bank Resolution and Bail-in in the EU: Selected case studies pre and post BRRD, FinSAC, November 2016.
•T. Beck, B. Casu, The Palgrave Handbook of European Banking, Palgrave, 2017.
•D. Chorafas, Banks, Bankers, and Bankruptcies Under Crisis: Understanding Failure and Mergers During the Great Recession, Palgrave 2014.
•World Bank Group (b), Understanding Bank Recovery and Resolution in the EU: A guidebook to the BRRD, FinSAC, November 2016
Head, Banking Division, Faculty of Finance and Law
Krakow University of Economics
Guest lecturer, Faculty of Management and Social Communication
Advanced bachelor, master, PhD and professional. The course will be targeted at the students deeply interested in the complex structures and processes in the European banking and thinking about a future career in a financial institution.
After this course you are able to:
•understand the roles and functions of different types of banks and the structure of the banking industries in the EU,
•understand the legal framework of bank regulations at the EU level,
•understand the strategic challenges in contemporary banking,
•evaluate bank performance
•interpret facts and processes taking place in the European banking markets
EUR 600: Normal fee
€ 540 early bird discount – deadline 1 March 2019 (10%)
€ 510 partner + RU discount (15%)
€ 450 early bird + partner + RU discount (25%)