EUROPEAN FINANCIAL SERVICES AND INSTITUTIONS

SHE Level 3
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M3N311663
Module Leader Muhammad Nawaz
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • B (January start)

Pre-Requisite Knowledge

Banking or equivalent.

Summary of Content

This module takes various disciplines and subject areas financial services students have considered at Levels 1 and 2 and sets them in a European context, more specifically the EU. This provides students with an opportunity to internationalise their knowledge base, whilst at the same time coming to understand the influence of the European Union on the financial services markets of member states. As well as looking at the development European Financial Institutions and of the single financial services market in the EU, students will also consider developments in banking, insurance, pensions and investment markets in Europe. The module will also look at the operation of capital and money markets in the context of the European financial services sector.

Syllabus

1. The EU and the single financial services market 2. Pan European Institutions. 3. Competition and efficiency of Banking in Europe 4. The European Insurance Market 5. Pensions in the European Union 6. The development and current state of capital and money markets in the context of European Financial Services

Learning Outcomes

On successful completion of this module, the student should be able to:1. Discuss the background to, and development of, financial services within the European Union;2. Discuss the role of European-wide financial institutions; 3. Critically assess the extent to which there is a single EU market in financial services;4. Provide European-wide sectoral analyses of developments in banking, insurance, pensions markets. 5. Explain and analyse the development and current state of capital and money markets in the context of European Financial Services

Teaching / Learning Strategy

The learning outcomes are delivered in the first instance through a series of lectures. These lectures are supplemented by seminars which will be based on discussion topics raised in lectures and upon the required reading, data gathering and critical analysis that students will be expected to undertake as preparation for seminars. Students will also be encouraged to use blackboard, primarily via discussion groups and self-testing, to deepen and enhance their learning experience. In addition, each student will be expected to take part in a group presentation on one of items 1-6 in the syllabus below and critically report on the presentations of other groups. As well as assisting in improving presentation skills, this will also be a key part of delivering Learning Outcomes 3 and 4 and provide students with the opportunity to practice their critical analysis in assessing the content of other presentations. The module will include a practical session at which students will have the opportunity to take part in a workshop covering more advanced presentation skills. Students will be provided with a template for the evaluation of their coursework and be encouraged to use this to identify the strengths and weaknesses of their work prior to submission. Time will also be set aside in class to discuss and reflect upon the evaluation criteria. Feedback will be provided soon after submission and as well as identifying strengths, it will also identify generic and individual action points to improve future performance. Opportunities will be provided in class for students to identify 'challenging' issues in the course material.

Indicative Reading

Ardenas, M & Avgerinos, L. (2003) Financial Markets in Europe: Towards a Single Regulator, Kluwer law International Bain, K. & Howells, P. (2005) The Economics of Money, Banking and Finance: A European Text, Financial Times Prentice Hall Balling et al. (2006) Competition and Profitability in European Financial Services, Routledge Castellino, O. & Fornero, E. (eds.) Pension Policy in an Integrating Europe, Edward Elgar Cecchini, P.et al. (eds.) (2003) The Incomplete Market for Financial Services, Physica-Verlag GmbH & Co Fornero, E. and Luciano, E. (eds.) (2004) Developing and Annuity Market in Europe, Edward Elgar Publishing Howell, K. (2004) Europeanization, European Integration and Financial Services, Palgrave Macmillan McDonald, O. (2002) The Future of Retail Banking in Europe: A View from the Top, John Wiley & Sons O'Dwyer, T. (2006) Europe Needs Saving: Defusing the Pensions Timebomb, Stockholm Network Reszat, B. (2005) European Financial Systems in the Global Economy, John Wiley & Sons World Bank (2003) Pensions Reform in Europe: Process and Progress, The World Bank Journals Journal of Common Market Studies Journal of Banking and Finance International Journal of Bank Marketing The Journal of Financial Services Research The Services Industry Journal Geneva Papers on Risk & Insurance Journal of Risk & Insurance Journal of Insurance Regulation Internet sites: European Bank for reconstruction and Development: http://www.ebrd.com/ European Investment Bank: http://www.eib.org/ European Union: http://ec.europa.eu/index_en.htm European Bank for reconstruction and Development: http://www.ebrd.com/ European Investment Bank: http://www.eib.org/ European Union: http://ec.europa.eu/index_en.htm

Transferrable Skills

This module will help students develop their group working and presentation skills, while at the same time allowing them to further develop initiative and research skills. It will facilitate critical thinking and analysis through oral and written communication, primarily in lectures and seminars. Through both formative and summative tasks set, it will encourage students to take greater responsibility for their own learning.

Module Structure

Activity Total Hours
Practicals (FT) 1.00
Independent Learning (FT) 148.00
Lectures (FT) 24.00
Assessment (FT) 18.00
Seminars (FT) 9.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 2 n/a 25.00 35% Report
Coursework 0.00 25.00 35% Presentation
Exam (Exams Office) 2.00 50.00 35% Unseen exam