A new and essential course that explains the EU regulatory revolution for finance professionals at all levels

Why you need this course

The EU has been pushed into a journey to a new world of financial regulation and it is clear that EU finance professionals will be working within an overarching regulatory framework that is run at EU level.  A large part of the EU shares a single currency which is forcing its users into an ever-closer union. But there is a second driving force towards regulatory change: the global financial crash and the corresponding global response co-ordinated at G20 level. Accordingly, users of the euro will see a much closer degree of financial regulatory integration to be a natural part and parcel of that political closeness.

 

A massive review of almost every aspect of regulation is underway – with more to come in the retail area and a second wave in the field of capital markets. As the full consequences of the crisis are considered, professionals in many fields (banking, securities, law, accountancy, asset management, insurance, etc.) may need targeted help to keep up with the pace and breadth of these changes.

 

Senior managers need to understand the political linkages that are driving fundamental reform horizontally across many different business sectors as failure to recognise then early may put their firms at a competitive disadvantage. As an example, the Commission’s retail agenda has not yet reached the popular press but the combination of SEPA with PRIPS, IMDII and MiFIDII is designed to give a level playing field across retail savings products from firms in securities, asset management and insurance. Moreover, that playing field is intended to be cross-border.

 

A newcomer to the industry will need an understanding of the origins of the pressures that have driven the current legislative patchwork into existence. Once the shape of the tree is understood, then the intricacies of the design of a particular branch will become relevant and comprehensible.

 

Course overview

Developed by economist and leading EU regulation expert Graham Bishop, The Creation of an EU Financial Regulatory Framework forms a Foundation Course for anyone who needs to understand the EU's journey into the new world of financial regulation. It consists of four online lectures, and accompanying course material, that may be undertaken as individual modules or as a complete course. Each lecture is split into three or four subsections so that each can be viewed independently and a professional can supplement their knowledge in any specific area they need. The complete course is designed to help all students of financial regulation in the European Union, whether embarking on a career, or part-way through. But it will enable a newcomer to the financial services industry to be well versed in the background to the EU's Single Currency, Single Market and Financial Regulation.

 

If required, there is a five question, multiple-choice exam at the end of each complete lecture, on successful completion, a pass certificate can be printed out for CPD purposes. An increasing number of professional bodies accept our course and webinars for Continuing Professional Development (CPD) purposes.

 

Lecture 1: Milestones in European Monetary Integration: 1945 – 2011 (includes a copy of the book 'The EU Fiscal Crisis: Forcing Eurozone Political Union in 2011) - more information on this book here
Lecture 2: The Politics of EU Financial Services Regulatory Architecture
Lecture 3: The Global Financial Crisis of 2007 and Onwards: The Global and EU Responses (includes a copy of the book 'EU Financal Regulation: Key Events 2010/2011) - more on this book here
Lecture 4: The 2010 regulatory reform package – implications

 

Download the full course synopsis here

 

Each Lecture is priced at €150+ VAT/£124+ VAT/$190, or €550+ VAT/£454 + VAT/$699 for the complete course. On payment you will be sent full instructions on how to access the material.

Lecture 1: Milestones in European Monetary Integration: 1945 – 2011

EU FR Framework Lecture 1

£148.80

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Lecture 2: The Politics of EU Financial Services Regulatory Architecture

EU FR Framework Lecture 2

£148.80

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Lecture 3: The Global Financial Crisis of 2007 and Onwards: The Global and EU Responses

EU FR Framework Lecture 3

£148.80

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Lecture 4: The 2010 regulatory reform package – implications

EU FR Framework Lecture 4

£148.80

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Complete course: Save €50/£40/$60

EU FR Framework complete course

£544.80

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Sterling and Euro prices include VAT which is chargeable in the UK and the EU. If VAT is not applicable, the amount will be deducted at checkout.Euro and dollar prices are illustrative and will be calculated using current exchange rates at checkout.

 

 

by Graham Bishop

Understand the development of European financial markets

Europe’s financial system is part way through responding to a series of huge shocks. These were triggered by the US sub-prime mortgage crisis, but it soon became apparent that there were many problems that had been obscured by a long period of economic growth. These have now been forced to the surface and include the interlocking solvency of EU Member States and their banking systems. But they also include the dissatisfaction of electors and tax-payers with a financial system that has turned out to be far more risky than anyone realised, and dissatisfaction with the knowledge and ethics of some market participants.

All market participants – accountants, bankers, insurers, investors, lawyers, regulators – are likely to face demands to have a much greater understanding of their subject. This book is designed to help all students of financial regulation in the European Union, whether embarking on a career, or part-way through.

The foundation of such training is likely to include an understanding of how regulations are created and the political forces that propelled them into existence, as well as the technical compromises that had to be struck along the way. GrahamBishop.com is delighted to be able to put much of our research into the development of European financial markets into formats that can be used explicitly to provide the foundation of this knowledge base. This book provides an overview of the key developments in each sector – split by months so that it is a simple read-through of progress. We record the facts of proposals and decisions, as well as the arguments that went into the final compromise. (For those who wish to continue their professional development, we offer a range of possibilities – contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it .)

But all this must be set in the framework of the economic crisis that may yet derail the single market and destroy the idea of a single European economic space. So we include a chapter on the key developments in that field, as well as Graham Bishop's own writings that attempt to offer helpful analyses and suggestions to promote a greater degree of unity in Europe.

 

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 Click here for sample pages

Published January 2012
ISBN 978-1-907720-35-2
206 pages, PDF format only

€25.00 + VAT/£20.65 + VAT/$32.00

EU Financial Services Regulation: Key Events 2010/2011 - PDF

£24.78

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Sterling and Euro prices include VAT which is chargeable in the UK and the EU. If VAT is not applicable, the amount will be deducted at checkout. Euro and dollar prices are illustrative and will be calculated using current exchange rates at checkout.

 

About Graham Bishop

GrahamBishop.com was founded in July 2000 to bring our clients the direct insights that flow from Graham’s position as a leading technical analyst of economic and structural developments in the financial markets of Europe.

GrahamBishop.com is engaged with the key participants in this rapidly changing environment: Investors, issuers (government and private), politicians, officials, central bankers, providers of the market infrastructure, academics, the media and other interested parties. Our contacts span the EU: at the European level, they include the Parliament, Commission and Central Bank as well as representative bodies and think tanks. In many Member States, contacts cover the same breadth of participants. Our aim is to bring our members into contact with others in these groups and, especially, the opinions that flow from participants with such different perspectives.

 

The proximity to the policy formation process stems from Graham’s standing with the European Commission, the European Central Bank and European Parliament. This enables us to interpret economic and political developments with authority and insight. Moreover, we have close links with many think tanks in London and Brussels and the Brussels for Breakfast meetings in many EU financial centres give a particular insight into the interaction of market participants and regulators around the EU.

 

In a new paper, Graham Bishop spells out the details of why this crisis can only be resolved by an act of political vision and courage that converts fear into confidence. The summary is below.

You can get the full paper here .

Summary

The EU’s bank stress tests have proved one thing beyond all reasonable doubt: on the central scenario, the EU’s banks are in good shape. Even on the “adverse” scenario, the general problems appear quite manageable – until the rampant fears about sovereign defaults are factored in. This is no longer a banking crisis – it is blindingly obvious that there is a full-scale confidence crisis in the debts of some sovereign states who are also the implied guarantors of their banks. If the state is not in trouble, neither are the banks headquartered there. Conversely, if the banks are required to deal with the default of their government (often their largest debtor), then a downward spiral in economic activity is inevitable and imminent.

At the low point of the 1930’s US depression, Roosevelt said:” "the only thing we have to fear is fear itself". The Eurozone does not have to fall to such a low. At this vital moment, its leaders must show the same visionary capacity as Roosevelt: take a bold political step and grant massive, but conditional, loans that eliminate the risk of sovereign defaults for those states that have already had their economic policies scrutinised and agreed by the Eurogroup. Spirits will rise, yields will fall, banks can lend, consumers consume and industrialists invest.

Europe's World is read by every politician, lobbyist and think-tank in Europe. Download Graham Bishop's paper in the Summer 2011 edition  here