This module introduces students to the institutions of modern banking and to the role of banks as financial intermediaries in the economy. Topics discussed will include: the origins and history of banking, the types of banks and the range of products and services they offer, banking supervision and regulation, the functions of a Central Bank, securitisation and financial innovation, shadow banking, and recent changes in intermediation technology. The module has a focus on the institutional details of the banking sector that will inform both further study of finance and potential employment in the financial services industry.

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