This course deals with the fundamentals of the European regulation of financial markets. Through a selection of topics in the areas of banking, capital markets, and insurance law, it explores the main building blocks of European financial law and explain students the rationale behind rules. For instance, the course explores the regulation of banks’ capital requirements and governance, the functioning of stock exchanges and initial public offerings (IPOs), the role of takeovers, the prohibition of insider trading and market manipulation, and it addresses the way EU law protects investors and holders of insurance products.
This course deals with the fundamentals of the European banking, financial markets and insurance regulation. At the end of the course, student will have knowledge of the most important building blocks of the current EU regime on investor and insured protection, financial markets integrity and efficiency, as well as banks’ resilience. Students will be able to understand these building blocks in the light of the market failures they address and on the basis of the general principles of EU market integration.
This course deals with the fundamentals of the European regulation of financial markets. Through a selection of topics in the areas of banking, capital markets, and insurance law, it explores the main building blocks of European financial law and explains to students the rationale behind the rules. For instance, the course explores the regulation of banks’ capital requirements and governance, the functioning of stock exchanges and initial public offerings (IPOs), the role of takeovers, the prohibition of insider trading and market manipulation, and it addresses the way EU law protects investors and holders of insurance products.
At the end of the course, students will be able to:
General knowledge of Business Law I will facilitate the attendance. Previous knowledge of EU law is not a prerequisite, but will facilitate attendance.
The course is provided in English through lectures and seminars, both taking place on a weekly basis. During lectures, the teacher explains the fundamental rules of financial law and their rationale. During seminars, the teacher and the students will discuss CJEU decisions and other relevant materials, based on a presentation by a student (depending on the number of attending students, presentations may be carried out in groups). Each attending student will perform one presentation throughout the course, this being the first requirement to get the corresponding extra grades (see below). Presentations are also required to obtain the corresponding Open Badge, as they are key in the developing soft skills such as public speaking and the use of visual supports (PowerPoint presentations). All students must also attend and actively participate in the discussion on all the decisions and materials, this being the second and last requirement to obtain the corresponding Open Badge. In-class interactions will take place in a friendly environment where everyone should feel free to express views and doubts with no risk – the only mistake students can make is not to participate! To facilitate the discussion, all the students must read in advance the decisions and the materials that will be part of the weekly seminars.
The course will address the following topics (each topic can be the subject of lectures, seminars, or both):
For both attending and non-attending students, the course handbook is:
For non-attending students, the reading materials also include the following:
Students qualify as “attending” when they attend in person at least 14 out of 18 lectures and seminars. Attendance is recorded at the beginning of each lecture. Therefore, punctuality is recommended.
Ricevimento: Students may request practical information on the syllabus and ask for assistance in participating in the classroom activities of the course, reaching prof. Michele Siri by e-mail at: michele.siri@unige.it
MATTEO GARGANTINI (President)
IUNIO GIRAUDO
DILETTA LENZI (President Substitute)
MICHELE SIRI (President Substitute)
ILARIA CERIANA (Substitute)
ALESSIA MISTRETTA (Substitute)
ANNA MOLINARI (Substitute)
FRANCESCA PALAZZINI (Substitute)
Lectures and seminars are held only in the first semester.
EUROPEAN UNION FINANCIAL AND INSURANCE MARKETS REGULATION
The assessment of the students’ preparation will take place through an oral exam, based on the reading materials specified above for attending and non-attending students.
Students that (i) qualify as “attending” and, simultaneously, (ii) have presented at least once during the seminars will have a credit of 1 to 4 extra grades (depending on the quality of the presentation and of their overall participation in the activities of the class).
The oral exams consist of three questions, each on a different part of the programme. Questions may be either theoretical, to test the students’ understanding of the rationale and the functioning of financial law, or practical, based on real or hypothetical cases that will allow students to analyse financial law principles and provisions and to evaluate them against specific circumstances.
The in-class presentation of the reading materials will be graded according to the following criteria: (i) clarity (language, legibility and formatting of slides, persuasiveness of argumentation); (ii) Structure (logical order of the matters addressed); (iii) Substance (quality and originality of the approach, strength of the analysis and the argumentation); (iv) Research (depth of the literature considered, use of sources).
Further information will be provided via the AulaWeb page.
