#TE-03-16 Finance Fundamentals: Financial Services after the Banking Crisis
About Course
The Open UniversityDescription
See what’s changed in the financial services industry in the last decade
The financial crisis of the late 2000s transformed the UK financial services industry. This online course takes stock and examines the industry today.
You will review the history of the industry leading up to the financial crisis; examine its institutions and the issues they now grapple with; walk down the financial supermarket aisles and see what’s changing with the products on offer; and find out how the industry is now regulated and protects consumers.
The Open University’s Centre for the Public Understanding of Finance created this course, with the generous support of True Potential LLP.
What topics will you cover?
- The historical development of financial services in the UK
- The 2007/08 financial crisis
- The financial services industry after the financial crisis
- The revisions to the regulation of the industry after the financial crisis
- Financial products and new product offerings for consumers
- The pensions revolution in the UK
- How financial firms are regulated
- How financial product sales are regulated
- How consumers are protected and helped in the financial market place
Who will you learn with?
I am Director of the True Potential Centre for the Public Understanding of Finance (PUFin) at the OU Business School. Previously I was Treasurer of Nationwide Building Society.
Who developed the course?
The Open University (OU) is the largest academic institution in the UK and a world leader in flexible distance learning, with a mission to be open to people, places, methods and ideas.
What Will I Learn?
- Explore the origins and development of the UK financial services industry
- Assess and examine the UK financial services industry and the issues it faces following the 2007/08 financial crisis
- Evaluate and review the financial products available to consumers in the financial marketplace
- Identify and understand how financial services firms and financial product sales are regulated
- Explore the support, advice and guidance available to financial services consumers
Topics for this course
The origins of the industry
The origins of banking
Banking and the union of England and Scotland
The Bank of England and the growth of banking
Cheques and the emergence of modern banking
Building Societies00:02:54
The emergence of the insurance industry
Marine, fire and life assurance
The industry’s twentieth century transformation
Boom and bust in the 2000s
As someone who has invested in the financial markets for 10 years, I have to say that if you want to benefit from investing in the financial markets, you have to understand how consumers are protected and helped in the financial markets. As the saying goes, only by knowing the rules can you play the game well.
My favorite part of the course is on how to regulate financial firms and how to regulate the sale of financial products, and that's something that's worth paying attention to.
What I like most is to read about the historical development of the financial services industry in the UK. I was very excited to see that the financial crisis of 2007/08 really bankrupted many people. But if there is a danger, there is an opportunity. Lessons should be learned.
This course takes us through the history of the industry that led to the financial crisis, takes a look with us at Chinese institutions and the problems they are now trying to solve, and finds out how the industry is now managing and protecting consumers. Every detail was explained in great detail.
The entire course revolves around how the financial crisis of the late 2000s transformed Britain's financial services industry. This online course evaluates and studies today's industries. It's a wonderful lecture. Good.
Material Includes
- Official Certificate
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Target Audience
- For further information about registration, the final assessment course, your eligibility and the BA in Business Management, visit the Open University website.