ST TUD DY G GUID DE - Skema Business School
ST TUD DY G GUID DE - Skema Business School
ST TUD DY G GUID DE - Skema Business School
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Bibliographie /<br />
References<br />
9h45 - 12h00: The Recent Financial Crisis: the changes for World’s Banking Industry : origin of the crisis, financial instability, systemic risks,<br />
weakness of Global Finance, bankruptcy, bank failures and major changes (« Big Five US » Merryll Lynch, Goldman Sachs, Morgan<br />
Stanley, Bear Stearns, Lehman Brothers), new banking business model "Big is Beautiful", "too Big to fail", strengths and weaknesses of<br />
banks regulation in United States, European Union, China...Africa...<br />
The Recent Financial Crisis<br />
Focus on : USA (Raleigh)<br />
Focus on : China (Suzhou)<br />
Focus on : Europe (Sophia, Lille)<br />
14h00 – 15h30: Deregulation and financial innovation in the 80’s: the financial "Big Bang", New banking firm is born "universal banking",<br />
new strategies : domestic and cross-border Mergers & Acquisitions (M&A). Are Banks dead ? (Boyd and Gertler, 1994), traditional assets<br />
and liabilities activity (loans, deposits vs bonds, securities, financial market): free fall ? New services and business: off Balance<br />
Sheet>Balance Sheet, banking consolidation and concentration : US vs EU, Big size, Economies of Scale and Economies of Scope, the<br />
new banking industry: international comparison, Chinese banking industry: a cautious State oriented approach.<br />
Deregulation and financial innovation<br />
Focus on : USA (Raleigh)<br />
Focus on : China (Suzhou)<br />
Focus on : Europe (Sophia, Lille)<br />
15h45 – 18h00: The Universal Banking Strategy based on Economies of Scale and Economies of Scope (Retail banking, Investment<br />
banking, Asset Management and Securities). From Bank Based to Market Based financial system ? The "One Stop Shop" Banking<br />
Strategy, New business, new banking income, Change in the structure of Net Banking Income, more non interest resources (financial<br />
income)and less interest resources (financial income), more market activity (Trading Room : Structured and Derived financial products,<br />
speculation...Front, Middle and Back-Office).<br />
Banking <strong>Business</strong> Model<br />
Focus on : USA (Raleigh)<br />
Focus on : China (Suzhou)<br />
Focus on : Europe (Sophia, Lille)<br />
Day 2: The New Banking <strong>Business</strong> Models/ Team Work<br />
9h00 – 10h30: The Retail Banking <strong>Business</strong> Model: Branches, Marketing and Commercial Strategies, Multi-Channel Banking : the «Brick,<br />
Bip, Click» approach, ATM (Automated Teller Machine): international comparison, the On line banking and the IT (Information<br />
Technologies), Labor division between "Brick Banking" vs "Click Banking",<br />
9h45 - 12h00: The Wholesale Banking <strong>Business</strong> Model : Investment Banking, Corporate Finance, Global Investment Banking, Equity<br />
Capital Markets, M&A Consulting Services, audit, consulting, financial advisory, risk management, Creation of customized products such as<br />
bonds, securitisations, syndicated loans and structured rating services and advice on debt markets, equity-linked products (convertible<br />
bonds) and equity issues. International comparison: The « Big four » or "Bulged bracket" US (Goldman Sachs, Morgan Stanley, Merrill<br />
Lynch, Lehman Brothers), in Europe: The « Big three » (Crédit Suisse Group, Deutsche Bank Group et UBS Group)…<br />
14h00 – 15h30: Team Contribution : student work presentation<br />
15h45 – 18h00: Team Contribution : student work presentation<br />
Day 3: Team Work<br />
9h00 – 10h30: Team Contribution : student work presentation<br />
10h45 - 12h15: Team Contribution : student work presentation<br />
Required for the course<br />
Academic and scientific papers<br />
Allen F. et A.M. Santomero, 2001, What do financial<br />
intermediaries do?, Journal of Banking and Finance, 25,<br />
271-294.<br />
Battacharya S., Thakor A.V., 1993, « Contemporary<br />
Banking Theory », Journal of Financial Intermediation, 3.<br />
Geoffron P. et Saïdane D. (1996) "Du réseau aux réseaux :<br />
concurrence et surcapacités dans l'industrie bancaire",<br />
Revue d'Economie Industrielle, pp. 81-95, n° 78, 4e<br />
trimestre.<br />
Geoffron P. et Saïdane D. (1999), "La concurrence<br />
bancaire spatiale : enseignements et nouvelles<br />
perspectives", rédaction du Chapitre 8, dans Emploi,<br />
localisation et économie spatiale, Economica in M. Catin, J-<br />
Y Lesueur et Y Zenou, 1999, pp. 193-216.<br />
La Porta, Lopez-de-Silanes, Shleifer et Vishny (1997),<br />
« Legal Determinants of External Finance », Journal of<br />
Finance, 52(3).<br />
Lewis M. K., 1992, « Modern Banking in Theory and<br />
63<br />
Optionnelle pour le module /<br />
Recommended references