Master 2025/2026

Financial Markets Regulation and Supervision

Type: Elective course (World Economy)

Delivered by: Joint Department with the Bank of Russia

When: 2 year, 1, 2 module

Open to: students of all HSE University campuses

Instructors: Henry I. Penikas

Language: English

Course Syllabus

Abstract

Course focuses on current practices and issues facing financial regulation and supervision, both on macro level and for particular industry players. Various structures and regulatory settings are examined, special attention paid to discussion of cases of regulatory failures both in Russia and abroad. The course will include the use of MS Excel, and financial databases The course provides students with: knowledge of regulatory environment, potential design, risks and opportunities; examples of different models’ implementation and consequences of regulators blind spots; trends in policy and practices, impact on financial markets and global governance; practice in analysis of situation as a decision-maker. The study of this discipline is based on the following basic disciplines: finance, accounting, theory of markets. The main competences and knowledge gained by study of the discipline can be used in the future while studying the following disciplines: finance; the theory of industrial markets and competition policy (as applied to financial markets and industry); modelling of credit ratings; modern research in corporate finance; economics of the public sector, etc.