Introduction to International Banking

Department
  • International Program
Course unit code
  • IFLV6634
Number of ECTS credits allocated
  • 3.0
Name of lecturer(s)
  • Yeung Hak, PhD
Recommended optional program components
  • none
Recommended or required reading
  • Reading lists are shown in the course contents. However, reflecting the dynamic nature of international banking, students are expected to be aware of current developments in the financial world through the financial pages of newspapers including Financial Times, The Economist and others. At the minimum, use Google News prior to start of the course.
Level of course unit
  • Bachelor
Year of study
  • Spring 2025
Semester when the course unit is delivered
  • 2
Language of instruction
  • English
Learning outcomes of the course unit
  • Broadening the opportunities for students either moving into international careers or further studies by providing them with an overview of an exciting element of the global financial system. Further equipping students considering careers in banking and banking related fields including consulting.
    Students to comprehend how international banking fits into the global economic system and understand how the components of international banking from regulation to the business of banking works together to ensure the stability of the global financial system. Students would also acquire an appreciation of the need for vigilance on the risk management of banks due to the outsized impact of any bank failure which in many instances not only affect the domestic economy but also internationally.
Course contents
  • This course will cover the following topics.
    • Introduction to money and banking
    • Global financial systems
    • Business of international banking
    • Regulation and supervision
    • US dollar
    • Payment system
    • Fintech

    Day 1
    Session topic: Introduction to money and banking &Global financial system
    • Central banks
    • Financial Stability Board
    • Bank for International Settlement
    • International banks
    • Financial centres

    Readings
    Reports from central banks (the Fed and ECB)
    Financial Stability Board reports
    BIS Annual Report. (2015). The international monetary and financial system
    GFCI_33_Report_2023.03.23_v1.1.pdf

    Day 2
    Session topic: Business of international banking
    • Banking business models
    • Actual reporting
    • Bank financial statements

    Readings
    Selected international banking groups financial statements and other investors’ reports

    Day 3
    Session topic: Regulation and supervision & US dollar
    • Financial crises
    • GFC 2007–09
    • Investigating the impacts in the US, Europe and Asia
    • Basel I, II and III
    • Resolution and bail-in debt
    • Covid
    • Exchange rates
    • Dominance of US dollar

    Readings
    Central bank reports on GFCs and covid
    RBAexchange-rates-and-the-australian-economy.pdf
    RBAdrivers-of-the-australian-dollar.pdf
    June 2020 CGFS Papers No 65 USD funding: an international perspective

    Day 4
    Session topic: Payment system & Fintech
    • European payment system
    • SWIFT
    • Value chain
    • Innovations
    • Fraud and technology
    • Fintech companies
    • Sukuks

    Readings
    European Banking Authority reports
    study_id44525_fintech-report.pdf
    FIS_TheGlobalPaymentsReport_2023.pdf
    Fintech companies’ websites
    Bank Islam (Malaysia) financial report
    IFSB Islamic Financial Services Industry Stability Report 2022
Planned learning activities and teaching methods
  • This class uses a mixture of lectures, discussions and presentations. This course provides a moderately in-depth introduction to International Banking in practice.

    Students must indicate any sources, tools, or services they used to create (parts of) submissions (e.g., homework, exams, presentations). This extends, among other things, to all sorts of literature references (e.g., journal articles, books), as well as packages of statistical software (e.g., R, Python) and text-generation programs
Work placement(s)
  • none

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