International Banking Regulation and Supervision


Sajid Chaudhry

Introduction and Aims

The module examines trends in international banking and then focuses on regulatory and supervisory issues in light of the 2007-09 Global Financial crisis. The module considers the following topics: What a bank is and why banks are regulated; the internationalisation of banking, globalisation, and the growth of the shadow banking system; securitisation, mortgage backed securities, CDOs and the ‘subprime crisis’; the collapse of Lehman Brothers in September 2008 and, the ‘Credit Crunch’, and the Global Financial Crisis, and the ‘Great Recession’, stabilising and re-regulating national and international banking and financial systems; re-thinking the regulation of retail banking and consumer protection.

Objectives and Learning Outcomes

By the end of the module all students should be able to:

  • critically appraise the evolution of the international banking and finance system post 1970 and, the international banking regulation and supervision in selected countries;
  • critically evaluate the strengths and weaknesses of the current regulatory and supervisory systems;
  • demonstrate comprehensive knowledge and understanding of current issues relating to bank regulation and supervision;
  • critically evaluate policy proposals.


  • 3,000 word individual essay (50%)
  • 2 hour examination (50%)