What you'll learn

Global Banking and Capital Markets
Banking Regulation
Securities Regulation
EU single market and euro
Japanese Financial System
Chinese Financial System

Course description

The International Finance program has been comprehensively revised, with fully
updated lectures, slides, and practitioner interviews that reflect the most current
developments and emerging issues in global financial regulation and markets.

International Finance: Policy, Regulation, and Transactions provides an overview of the
fundamentals and emerging policy issues for the global financial system in a fully online format
that you can complete at your own pace. Through this program, you will gain a framework for
thinking about the policy topics that will shape the financial system of the 21st century. Newly
updated, the program also addresses new regulations and recent developments in the financial
sector.

Course Outline

Module Topics and Speakers

Class 1: Introduction
Topics: Systemic risk; 2008 financial crisis; Federal Reserve’s lender-of-last-resort function under Section 13(3); Financial Stability Board.
Featured guest interview: Randy Quarles, Chairman & Founder, The Cynosure Group; former Vice Chair for Supervision, Federal Reserve Board; former Chairman of the Financial Stability Board.
Class 2: Capital and Liquidity
Topics: Bank capital adequacy & Basel III; Basel III Endgame proposal; CCAR stress testing; bank liquidity requirements & living wills.
Featured guest interview: Miki Bowman, Vice Chair for Supervision and Regulation, Federal Reserve Board.
Class 3: U.S. Capital Markets
Topics: SEC rulemaking under Atkins compared with Gensler; SPACs; private equity capital market & 401(k) access; Sarbanes-Oxley Section 404.
Featured guest interview: Paul S. Atkins, Chairman, U.S. Securities and Exchange Commission.
Class 4: U.S. Banking Markets
Topics: 2023 banking crisis & the failure of Silicon Valley Bank; activity limitations under Glass-Steagall, Gramm-Leach-Bliley, and the Volcker Rule; resolution under Orderly Liquidation Authority; deposit insurance reform.
Featured guest interview: Travis Hill, Chairman, Federal Deposit Insurance Corporation.
Class 5: E.U. Single Market and Euro
Topics: 2025 rebranding of Capital Markets Union as the Savings and Investments Union; Single Resolution Mechanism; Credit Suisse failure & UBS rescue; Brexit & financial services.
Featured guest interview: David Wright, Chairman, Eurofi; former Secretary General, IOSCO.
Class 6: Japanese Financial System
Topics: Abenomics & end of negative interest rates; 2022–2023 Tokyo Stock Exchange corporate governance reforms; Prime Minister Sanae Takaichi’s economic policy agenda; Japanese policy on stablecoins, digital assets, and AI.
Featured guest interview: Kentaro Tamura, Deputy Director General, Financial System and Examination Department, Bank of Japan.
Class 7: Chinese Financial System
Topics: 2023 overhaul of China’s financial regulatory regime; Stock Connect & Shanghai STAR Market; shadow banking; CFIUS & U.S.-China decoupling under Trump 2.0.
Featured guest interview: Bo Li, Deputy Managing Director, International Monetary Fund; former Deputy Governor, People’s Bank of China.
Class 8: OTC Derivatives
Topics: Interest rate, FX, & credit default swaps; Dodd-Frank Title VII; central clearing & CCP loss waterfalls; event-prediction markets & the rise of Kalshi.
Featured guest interview: Michael Selig, Chairman, Commodity Futures Trading Commission.
Class 9: Asset Management
Topics: Investment Company Act of 1940; index & passive funds and the Big Three; common ownership & antitrust concerns; ETFs & payment for order flow.
Featured guest interview: Barbara Novick, Co-Founder and Senior Advisor, BlackRock; former Vice Chair, BlackRock.
Class 10: Fintech
Topics: Stablecoins & GENIUS Act; crypto-asset market structure & CLARITY Act; central bank digital currencies & asset tokenization; AI in finance.
Featured guest interview: Heath Tarbert, President, Circle; former Chairman, Commodity Futures Trading Commission.