Financial Regulation

Code:

2ECON17

Acronym:

RSF

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2012/2013 - 2S

Active?	Yes
Responsible unit:	Agrupamento Científico de Economia
Course/CS Responsible:	Master in Economics

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MARKT	0	Bologna Official Syllabus	1	-	7,5	56	202,5
ME	25	Bologna Syllabus	1	-	7,5	56	202,5

Teaching language

Portuguese

Objectives

1. To present the heoretical framework of Financial Regulation
2. To analyse the legal framework of the Portuguese financial system
3. To analyse the most relevant cases

Program

Chapter 1 – Financial Regulation – a general overview
1.1 State and Financial Regulation
1.2 Importance and objectives of Financial Regulation
1.3 Principles of Regulation

Chapter 2 – Financial Regulation in Portugal
2.1 Institutional framework
The role of European Union
The international organisations
Financial regulation models
Regulatory entities
Orientations issued by international organisations
Conselho Nacional de Supervisores Financeiros (National Council of Financial Regulators)
Banco de Portugal (Bank of Portugal)
Comissão do Mercado de Valores Mobiliários (Portuguese Securities Commission)
Instituto de Seguros de Portugal (Portuguese Insurance Regulator)
The role of the Ministry of Finance
The future of Financial Regulation in the European Union

2.2 Bank regulation
Objectives
Main European directives
Orientations issued by international organisations
Basic legislation
The access to banking activity
Types of financial companies
Types of banking instruments and products
Prudential regulation of credit institutions
General overview
Capital ratio
Definition
Practical cases
The coming rules
Provisions
Infractions and sanctions
Protection of depositors and consumers
Deposit Guarantee Fund
Information disclosure

2.3 Insurance regulation
Objectives
Main European directives
Orientations issued by international organisations
Basic legislation
The access to insurance activity
Types of insurance
Prudential regulation of insurers
Infractions and sanctions
Protection of consumers
The case of pension funds
2.4 Securities market regulation
Objectives
Main European directives
Orientations issued by international organisations
Basic legislation
Types of investment firms
Types of financial instruments and products
The access to activity
Historical analysis
The 1991 reform
Securities
Public offers
Secondary markets
Regulated markets
Organised markets
Infractions and sanctions
Investors´ protection

Chapter 3 – Money laundering
Main phases of money laundering
Types of money laundering
Portuguese legislation

Main Bibliography

Class materials
Legislation

Teaching methods and learning activities

Presentation based on slides and discussion of real business cases

Evaluation Type

Evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Attendance (estimated)	Participação presencial	0,00
	Total:	-	0,00

Calculation formula of final grade

Average of test grades