INTERNATIONAL FINANCIAL SERVICES AND INSTITUTIONS

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHN322840
Module Leader Muhammad Nawaz
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • A (September start)

Pre-Requisite Knowledge

Banking, Corporate Finance & Investment or equivalent

Summary of Content

-108 The module aims to develop a critical awareness of various aspects of international financial services and supporting institutions. Additionally, the students have an opportunity to demonstrate an understanding of financial and operational risk within financial institutions. Theories of risk faced by financial institutions are explored, along with detailed analysis of credit, interest rate and market and operational. The nature of offshore financial services, alternative financial services and their role in international finance will be studied. Finally, the role of some multilateral institutions like World Bank, WTO etc. will be explored. PRME will be addressed in this module by examining ethical finance (Islamic and faith-based systems) and more contemporary issues related to assessment and management of risk in financial institutions.

Syllabus

Bank Based and Market Based Systems (SN) Mergers and Acquisition (AB) Foreign Exchange Markets (SN) Islamic Finance (SN) Offshore Finance (SN) UK FS Sector (FN) Financial Services Sector in Emerging & Transition Markets (SN) Property rights and Finance in Emerging Markets (FN) Reasons for and development of the Financial Crisis (FN) Reasons for and development of the Financial Crisis (FN)

Learning Outcomes

On successful completion of this module, the student should be able to:" Critically examine the role and purpose of financial institutions in the economy." Show an understanding of contemporary procedures utilized in the financial risk management of financial institutions, including credit, interest rate and market risk" Develop an awareness of Mergers & Acquisitions activity in financial institutions and the role of international financial centres." Demonstrate a comparative knowledge of alternative financial systems like Islamic Finance and discuss the potential of such systems" Demonstrate a critical understanding of financial sector developments in emerging market economies and the role of multilateral financial institutions in this development.

Teaching / Learning Strategy

The module provides a combination of lectures, tutorials, seminars and presentations with guest speakers from industry where appropriate. Keynote lectures provide the framework and background knowledge for more in-depth discussion in seminars and workshops. Through the study of relevant cases, students will critically analyse how financial institutions manage risk. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing. Students are provided with formative and summative feedback via a variety of mechanisms. Feedback on coursework is provided within 3 working weeks of submission.

Indicative Reading

-567 Books and articles: Eiteman, Stonehill and Moffett "Multinational Business Finance" Addison-Wesley Latest edition (ISBN 0-201-71074-9 Sudarsanam, S. (2003) Creating Value from Mergers and Acquisitions: The Challenges. Pearson Education Limited, London. Boateng, A., Wang Q & Yang T. (2008). An Analysis of Strategic Motivation and Performance of Cross-border mergers and acquisitions in China Thunderbird International Business Review, Vol. 50, July/August, 2008 ( Uddin, M.. and Boateng, A,.(2009). An Analysis of Short-run Performance of the UK Cross-border Mergers and Acquisitions: Evidence from the Acquiring Firms, Review of Accounting & Finance, Vol. 8, No 4 Bludden T & Thirlwell J. (2013) Mastering Operational Risk, 2 nd Edition, FT publishing, Pearson. Webb, R and Brahma, S. (2013), Financial Markets and Institutions, Economic Express, Pearson Saunders, A and Cornett M.M (2011) , Financial Institutions Management, A Risk Management Approach, McGraw-Hill International. -567 Online sources: Various online sources will be provided with the Virtual Learning Environment

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: -360 - Data gathering, critical analysis and interpretation skills - Communication and group working skills Research and presentation skills

Module Structure

Activity Total Hours
Assessment (FT) 7.00
Tutorials (FT) 15.00
Seminars (FT) 9.00
Independent Learning (FT) 145.00
Lectures (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 40.00 35% 2000 word case study
Exam (Exams Office) 2.00 60.00 35% Exam (Exam's office)