Course 2020-2021 a.y.

• Introduction.
• Banking regulation in the EU: scope, objectives.
• Banks and free movement rules; the harmonised regulatory regime applicable to banks.
• Investment banking vs retail banking.
• The principles of supervision over banks. The Banking Union.
• Banks' capital structure and different types of securities issued by banks (shares, bonds, hybrid securities to satisfy regulatory capital requirements).
• Banks' crisis regulation.
• Syndicated bank loans and and internation standards of facility agreements.
• Proprietary security interests (mortgage, charge, pledge) and quasi-security interests.
• Securitisations and asset-backed securities.
• Project finance and other asset finance transactions.
• Sustainable finance principles.
• Intercreditor arrangements with a particular focus on orders of priority among creditors and subordination.
• Derivative transactions: legal definitions and contractual framework.

• Define what a bank is and what activities it is entitled to carry out. 
• Identify the regulatory framework within which banks operate.
• Identify and illustrate various types of complex transactions that banks engage on the market.

• Analyze and interpret EU banking regulation.
• Assess impact of new banking regulation implemented in the context of the post-financial crysis reforms.
• Evaluate banking transactions from a risk assessment and contractual protection perspective.
• Examine and compare pros and cons of different structures in order to achieve the best credit protection for a bank.

• Face-to-face lectures
• Online lectures
• Guest speaker's talks (in class or in distance)
• Individual assignments
• Group assignments
• Interactive class activities (role playing, business game, simulation, online forum, instant polls)

Due to the particular nature and structure of the course, class attendance is essential. The material necessary for the preparation of the exam are available on the Bboard platform of the course, divided by argument and uploaded in from time to time during the course. Additional readings may be added to an already distributed reading list on a given topic, following discussion in class and/or regulatory developments during the course. Any such updates are announced in class and reflected on the relevant reading list posted on the course Bboard platform. Students are responsible for obtaining an updated reading list from the course Bboard platform. Students attending the classes are requested to review the material before the relevant lesson.

Teaching materials

ATTENDING AND NOT ATTENDING STUDENTS