In the aftermath of the Global Financial Crisis of 2007-2009, a new international financial architecture has emerged with the G20 as the main driver for reform. International standard setters have promulgated a new global regulatory framework of a largely soft-law character that requires implementation into domestic or supranational legal systems. This module critically assesses, first, the institutional aspects of the new international financial architecture including the legal nature of the standards promulgated at international level. It further evaluates these standards substantively, focusing on the regulation concerning banking and shadow banking institutions, and its implementation into national law. The latter means that the module has a strong comparative aspect, looking at both the United States and the EU/UK.
Professor Takis Tridimas
Learning and teaching methods vary but may include watching video content, engaging in discussion forums, taking part in live chat/webinar sessions, self-directed activities, doing quizzes or working through interactive content designed to stimulate your thoughts and help you to apply knowledge.
You will be expected to undertake approximately 20 hours of study per week which may typically be broken down as follows:
- Directed study - 2 (web content material including recorded video, text, graphics)
- Other activity - 2 (1 hour live seminar and 1 hour of discussion board)
- Self-directed learning and assessment work - 16 (including completing set tasks and reading, research, revision)
Module assessment - more information
A small percentage of your final module mark will be based on your participation in discussion forums, unless stated otherwise. The remaining percentage will typically be assessed by essay.