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Nov 21st 2016

Finance Fundamentals: Financial Services after the Banking Crisis (FutureLearn)

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Explore the UK financial services landscape, how financial firms and their products are regulated and how consumers are protected. The dramatic events of the financial crisis in the late 2000s transformed the UK financial services industry. Long established institutions went out of business, others were forced into takeovers and only the intervention of governments worldwide - courtesy of eye-watering sized financial recovery packages - prevented the banking industry from implosion.

Now nearly 10 years on from the crisis it’s time to take stock and examine how the industry looks today - how both its structure, the way it operates and the way it is regulated have changed. Most importantly how is the industry now working for the consumer? What are the products? How competitive is the industry? Is regulation working effectively to protect consumers in the financial market place? And where can consumers go to get help and guidance in a changing environment where rules about product selling are changing and where greater freedoms can be exercised with pension savings?

This facilitated 4-week course guides you through the UK financial market place.

- We start with a rapid review of the history of the industry leading up to the financial crisis that transformed it.

- We examine the institutions that comprise the industry and the issues they are currently grappling with.

- We walk down the financial supermarket aisles and see what’s changing with the products on offer.

- And we examine how the industry is now regulated and how this regulation and the guidance provided by various agencies can help consumers make the right, informed, choices when transacting in the financial market place.

At the end of the course you will have gained a full insight into how the financial services industry operates and how you can transact business with knowledge and confidence.