Postgraduate taught 

International Corporate Finance & Banking MSc

Financial Institutions, Intermediation, and Regulation ACCFIN5014

  • Academic Session: 2023-24
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No

Short Description

This course examines the operations of financial institutions and financial markets within the overall domestic and international financial systems, and their implications for financial regulation and financial oversight.


10 x 2-hour lectures, 6 x 1-hour tutorials

Excluded Courses








Duration/Word Count

Written Assignment (Individual coursework)



Formally 1,500 words or equivalent in terms of the allocated time.

Written Assignment (Individual coursework)



Formally 1,500 words or equivalent in terms of the allocated time.

Main Assessment In: April/May

Course Aims

The aim of this course is to critically examine, both theoretically and empirically, the operations of financial institutions and intermediaries and the implications of their decision makings on financial regulation and oversight. The course develops a framework to appraise both the real economic and ethical considerations faced by financial policymakers to protect the public interest and provide financial stability.

Intended Learning Outcomes of Course

By the end of this course, students should be able to:

1. Critically examine the operations of financial institutions through the channels of markets and intermediaries.

2. Critically appraise the implications of intermediaries' operations to asset prices, the flow of funds and ultimately the real economic performance.

3. Critically examine the implications of financial regulation and oversight, in response to intermediaries and markets' decisions, to protect the public interest and provide financial stability.

4. Develop an empirical framework to appraise the underlying rationale for financial regulation, from the perspective of the overall society, and critically assess the economic implications versus ethical considerations.

5. Critically examine financial intermediaries and regulatory oversights according to facts, and statistics summarising the recent empirical developments across the domestic and international financial systems.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.