A description of the task: To mitigate the recurrence of future financial crises, several strategies can be considered. Strengthening regulatory frameworks is vital, encompassing stricter oversight of financial institutions, risk assessment, and capital requirements. Enhanced transparency through standardized reporting and disclosure mechanisms can improve market participants` understanding of potential risks. Promoting financial literacy among individuals and institutions is crucial to foster responsible financial decision-making and risk management. Addressing systemic risk involves monitoring interconnectedness and leveraging technology for early detection of vulnerabilities. Creating a responsive crisis management framework that includes well-defined protocols and coordinated actions among stakeholders can mitigate the impact of potential crises. Furthermore, fostering international cooperation and coordination is essential to address cross-border challenges and contagion effects. You need to discuss the above points in more details.
- The requirements/expectations of the task: You are expected to draw on theoretical as well as empirical evidence and relevant case studies.
- Presentation format/style: 12 font, double line spacing, the text should be ‘justified’.
Referencing style/requirements: APA 7th Harvard style
Upon successful completion of the module, you will be able to:
- Critically evaluate the role of the financial system in the economy
- Critically discuss how financial innovation addresses social inequality in the financial services industry
- Critically formulate a strategy to tackle the next financial crisis
Practical, Professional or Subject-Specific Skills
On completion you will have had the opportunity to/will be able to:
- Develop an understanding of current trends and patterns in financial sector
- Explore ethical issues facing in corporate finance
- Investigate corporate governance problems facing organizations and identify and critique potential solutions.
Transferable Skills and other attributes
On completion, you will have developed:
- Communicate effectively using a range of traditional and electronic media.
- Identify and locate key resources and use advanced search skills to retrieve relevant information.
- Manage search results and confirm knowledge of referencing.
Effective self-management in terms of time, planning, behaviour and motivation.
