Introduction to Banking Regulation

In this module participants will delve into the evolution of banking regulation, exploring diverse perspectives rooted in neoclassical, neo-Keynesian, and post-Keynesian economics. The curriculum spans the foundational question of “Why banking regulation exists,” navigating through varying conceptualizations of the banking firm and their implications on financial services regulation. The course traverses the contemporary landscape, dissecting the future of banking regulation, including the role of Regulatory Technology (RegTech). Special attention is given to the dynamic shifts in monetary systems, investigating the impact of central bank digital currencies (CBDCs) and alternative digital assets like Bitcoin on the regulatory paradigm.

Course outline (provisional):
Week 1. Introduction to Banking Regulation

Week 2. Banking Reforms: The Basel Accords and Central Bank Supervision

Week 3. ICAAP and Recovery

Week 4. Capital Regulation: An Alternative Economics View

Week 5. The Balancing Act of Banking Regulation: Stability, Growth & Competition

Week 6: Banking Regulation beyond Basel: Degrowth, the New Monetary Landscape and Environmental Protection

Week 7: Digital Disruption in Banking Regulation: Regulators as Competitors?

Week 8: The Future of Banking Regulation