This unit considers the licensing for financial institutions. It defines 'control' and outlines the triggers for supervisory intervention, as well as its limits and responsibilities. It examines agency theory, how it can be applied to financial institutions, addresses the role of incentives and how conflicts of interest should be addressed. The unit also presents the international models of good governance and outlines the guidance on governance offered by the international regulatory agencies. It outlines the appropriate organisational structure and governance framework for financial institutions, as well as the three lines of defence principle. It also explains how regulators supervise... -- Course Website
Instructor: Associate Professor Robert Trevor
Prerequisites: Admission to MFinReg