Home > Events, Member Content > Perspectives of International Banking and Finance Seminar at DIT

Perspectives of International Banking and Finance Seminar at DIT

March 1, 2013

DIT hosted a Business Breakfast Seminar in association with the IRBA “Perspectives on International Banking and Finance” in the College of Business, Dublin Institute of Technology, Aungier Street, Dublin on Thursday, 7th February 2013.

The event was the held in recognition of the importance of high calibre graduates with advanced financial and economic expertise in the public and private financial services sector with a focus on the Russian Federation. This Seminar explored perspectives of knowledge requirements in the public policy domain. The development of international public service linkages and strategic networks in the area of International Banking and Finance in the current economic environment were also discussed.

The event was attended by over 30 people including academics and banking practitioners. The new MSc in International Banking and Finance as launched by DIT was highlighted. This was of particular interest to the audience because it enables students to study for at least one semester in the Financial University, Moscow.

This slideshow requires JavaScript.

Speakers included:

Dr Jim Hanly, Dublin Institute of Technology: “Finance and Public Policy – skills deficits”

Dr Jim Hanly lectures in Finance in DIT where he is the chairperson of the MSc Finance programme committee. Jim’s research interests focus on energy economics, risk management, and hedging. Recent research has been published in the European Journal of Finance and in Energy Economics.

He discussed skills deficits with respect to finance and economics from the perspective of public policy in Ireland. In his presentation, Dr Hanly highlighted that many of the failures of public policy that led to Irelands banking crisis in recent years were in part attributable to the lack of qualified analysts and advisors within the various bodies available to Government. He went on to describe how various educational institutions such as DIT were now providing programmes such as the MSc in Finance which were producing graduates that would help fill this gap in expertise in future years

Prof. Nelli Rozina, Vice Rector/ Teaching Methodology: Financial University under the Government of the Russian Federation: “New challenges for education in the Russian Federation“.

Professor Rozina , PhD in Pedagogy is the Head of Academic Affairs in the Financial University. She has worked to integrate the Russian Federation third level sector with the requirement of the Bologna Accord with the European Union and spoke of the key developments undertaken by the University in this regard.

Professor Irina Yarigina, Professor of International Banking and Finance, Financial University under the Government of the Russian Federation: “International Banking Education

Professor Irina Yarygina, Head of the Chair of International Banking and Finance in the Financial University informed the audience of the important role that this university plays in the education of professionals in the financial services industry, public bodies in the financial industry and government. The Financial University is within the top 5 universities in the Russian Federation and currently has over 80,000 students, 30, 000 of whom are on professional and technical skills programmes. Teaching takes place in both English and Russian language. It offers a number of Double Degree programmes within Europe including the University of London, the University of Portsmouth, the Dublin Institute of Technology, the Warsaw School of Economics and the Banking Institute of the Czech Republic.

The Russian Federation has the objective of developing Moscow as an International Financial Centre and this initiative was approved by government in February 2009. Many of the steps taken to improve the potential of this enterprise include the development of regulation and national payments and clearing procedures. The Russian Federation is tracking global tendencies in the internationalisation of finance with a view to developing its markets. The importance of high calibre graduates with advanced financial and economic expertise in the public and private financial services sector is one of the keys to the success of this venture.

Professor Yarigina sees initiatives such as the co- development of a Masters in International Banking and Finance which confers a Dual Award from DIT and the Financial University on graduates as a major strategic development of both Institutions.

Deirdre Ryan, Market Operations, Central Bank of Ireland: “Financial Turmoil, ECB Policy and the Central Bank of Ireland

Deirdre Ryan from the Financial Markets Division of the Central Bank of Ireland gave a presentation on the monetary policy measures used by the ECB and the Eurosystem to tackle the on-going financial market crisis in the euro area. Deirdre’s presentation illustrated that large central bank balance sheet expansion was used to provide additional and longer-term funding to credit institutions during the crisis. In addition, non-standard Eurosystem measures included the purchase of Sovereign bonds and Covered Bonds through separate asset purchase programmes in order to help aid the smooth transmission of monetary policy through those segments of the financial markets. The net effect of these measures has been the availability of substantial levels of liquidity in the euro area to reduce the liquidity constraints that propagated much of the crisis, and reduced bond yields and improved bond market functioning to allow more effective monetary policy transmission.

The Market Operations Desk is responsible for the execution of all Eurosystem open market operations as well as monitoring money markets and bidding behaviour of Eurosystem counterparties. The Market Operations team also monitors and reports on financial market developments and actively participates in a number of Eurosystem Committees and Working Groups to discuss monetary policy implementation issues

Tags: ,
%d bloggers like this: